- 15 March 2019 22:33
Automated Storage and Retrieval Systems Market is Increasing due to Increasing Adoption of Automated Systems & Solutions by Various Sectors
Computer-controlled systems that automatically place and retrieve goods from a defined storage location are known as an automated storage and retrieval systems (ASRS). Some of the common processes or applications of ASRS are dynamic replenishment, order fulfillment, WIP storage, goods to person picking, finished goods storage, etc.
Increasing demand for real-time inventory control systems, and increasing adoption of automated systems & solutions by various sectors are major factors boosting demand for automated storage and retrieval systems in the global market. In addition, improved employee and labor productivity, coupled with improved supply-chain functionalities, and efficiency are other factors driving growth of the global automated storage and retrieval systems market. Moreover, increasing demand for automated storage and retrieval systems from e-Commerce sector is expected to further fuel growth of the global Automated Storage And Retrieval Systems Market.
The Automated Storage And Retrieval Systems Market is segmented on the Basis of type, industry and regions. On the basis of type, the global market is segmented into Unit Load, Mini Load, Vertical, Lift Module (VLM), Carousel and Others. The Unit Load segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of industry, the global market is segmented into Automotive, Manufacturing, Electronics, E-Commerce, Food & Beverages, Pharmaceuticals, Retail and Others. The E-Commerce segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include Daifuku Co., Ltd., Bastian Solution Inc., S.I. Schaefer, System International Limited, Murata Machinery Ltd., TGW Logistics Group GmbH, Swisslog Holding Ltd., Mecalux SA, Kardex Group, Vanderlande Industries BV, System Logistics Corporation