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(Hosting-NewsWire.com, November 17, 2017 ) The global automated storage and retrieval systems market is estimated to grow at a CAGR of 8.7% during the forecast period 2017 - 2025 and accounts for US$ 13,808.2 Mn in the year 2025. One of the prime factors that are driving the demands for automated storage and retrieval systems is the need for optimized and space efficient storage systems. Growing population across the globe, is tremendously impacting the demand for multiple product categories in automotive, pharmaceutical, retail, electronics, food & beverage, and many other industries. In order to cater to this enormously increasing demand, manufacturers have increased their productions significantly.
Automated Storage and Retrieval System (ASRS) market comprises of the storage systems that on operator's commands are used for either storage or retrieval of products inside a warehouse for optimization and space efficiency needs. The space efficiencies achieved coupled with the rising demands for strategically managed SCM by various end-user industries especially retail, e-commerce and logistics are drastically creating opportunities for implementations of such storage systems in the recent times. The space and cost savings realized after implementations of automated storage and retrieval systems is reaping rich dividends for the users of it and thus, encouraging investments from various corners for further up gradations in the technology.
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Established players in the storage system arena are looking for integration of IoT and robotics to further grab better opportunities. Daifuku Co.Ltd., Kardex Group, Intelligrated and Interlake Mecalux are few of the major players in this market that provide solutions pertaining to automated storage and retrieval systems. These players have major deployments in the Europe and North American regions, as both the geographies are technologically advanced and experience integrated automation benefiting the ongoing business processes
Global automated storage and retrieval system Market Players:
1. Bastian Solutions, Inc.
2. Daifuku Co. Ltd.
3. Intelligrated
4. Interlake Mecalux
5. Kardex Group
6. Murata Machinery Ltd.
7. System Logistics SpA
8. SSI Schaefer Systems International
9. Swisslog Holding AG
10. Vanderlande Industries B.V.
Complete Report is Available at http://www.reportsweb.com/automated-storage-and-retrieval-systems-market
Key questions answered in this report
- What will the market size be in 2025 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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