Market Research Future published a research report on “ASRS Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
The automated storage and retrieval system, also known as AS/RS, is a perfect storage and inventory handling solution. The system finds its application in increased inventory control & tracking, and greater flexibility to adjust as per changing business conditions. Its ability to provide information with high accuracy has garnered traction from warehouse and manufacturing industries. The ASRS Market is expected to gain a valuation of around USD 10.81 billion by 2023 with 7.7% CAGR during the forecast period (2017- 2023). Market Research Future (MRFR) in their report, analyzes that several companies like Van Den Nan, Audi, and others.
Its precision, speed, ability to carry out operations, detailed value chain analysis power, high volume storage capacity is expected to transform the automated storage and retrieval system market. The idea to remove physical storage space is also expected to provide traction to the market.
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Type, application, and end-user are segments that have been included by MRFR for their extensive study of the global ASRS Market. The aim is to get a closer peek of the market to ensure better understanding of trends and patterns that can influence the market.
- Based on the type, the global automated storage and retrieval system market comprises unit load, mini load, micro-load AS/RS, vertical lift module, horizontal/ vertical carousel, mid load, and others.
- Based on the application, the automated storage and retrieval system market can be segmented into replenishment, security, production, consolidation, assembly, order picking, kitting, storage, and others.
- Based on the end-user, the automated storage and retrieval system market includes semiconductor & electronics, e-commerce, automotive, chemicals, aviation, food & beverages, healthcare, metals & heavy machinery, and others. The e-commerce segment is having significant implementation of the automated storage and retrieval system technology. The food & beverages segment is also expecting high benefits from the segment.
The prominent players in the Automated Storage and Retrieval System Market are –TGW Logistics Group GmbH (Austria), Swisslog Holding AG (Switzerland), Daifuku Co., Ltd. (Japan), SSI Schaefer Group (Germany), Murata Machinery (Japan), Knapp AG (Austria), Mecalux SA (Spain), Vanderlande Industries (Netherlands), System Logistics Corporation (Italy), Bastian Solution (US), Beumer Group (Germany), Dematic GmbH & Co. KG (Germany) and Kardex Group (Switzerland) among others.
North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW) are four distinct regions mentioned in the geographical analysis of the global automated storage and retrieval system market report, conducted by MRFR. This report aims at uncovering the profitable zones, which can be explored for better market prospects in the coming years.
North America’s prominent positioning in the global market and its fetching of the maximum revenue are dependent on the presence of several industries across the region. It gets further traction from the presence of several bigshots in the region. The regional supremacy in terms of robust infrastructure and high investment capacity gives the market a head start.
In Europe, the regional market is expected to see high growth as the regional demographics are quite similar to that of North America. On the other hand, the APAC market seems promising. There, countries like China, Japan and South Korea are emerging markets. Industrial growth in these countries are expected to transform the market scene.
TABLE OF CONTENTS
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure:
1.3.1 Global Automated Storage And Retrieval System Market: By Type
1.3.2 Global Automated Storage And Retrieval System Market: By Application
1.3.3 Global Automated Storage And Retrieval System Market: By End User
1.3.4 Global Automated Storage And Retrieval System Market: By Region
2 Research Methodology
2.1 Research Application
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
4 Executive Summary
- Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
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