February 25 2020
Market Research Future published a research report on “Automated Storage and Retrieval System (ASRS) Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Automated Storage and Retrieval System (ASRS) Market, By Type (Unit Load, Mini Load, Micro Load), By Applications (Order Picking, Replenishment, Kitting, Order Picking, Distribution, Storage), By End-User (Semiconductor & Electronics, E-Commerce, Automotive, Chemicals, Aviation, Food & Beverages) - Forecast 2023
According to Market Research Future (MRFR)’s report, the global automated storage and retrieval system market is expected to thrive at a CAGR of 7.7% during the assessment period 2017 and 2023. The report suggests that the market is estimated to scale a decent valuation of USD 10.81 Bn by the end of 2023. These systems are widely used in warehouses and distribution facilities for effective inventory management. Technological developments are likely to optimize the growth pattern of the market in the years to come.
The market signifies healthy growth in conjunction with the inflow of investments as a part of its future trajectory. The boom witnessed in the e-commerce industry is set to expedite the expansion of the Automated Storage and Retrieval System (ASRS) Market over the next couple of years. It facilitates the effective deployment of automation to enable order fulfillment. Also, it aids the shift of focus to core business activities which is motivating the expansion of the market. A similar trend is expected to persist over the next few years.
The increasing demand for consumer products backed by rising purchasing powers is likely to signify expansion of the automated storage and retrieval system market for enhanced operational efficiency and minimum wastage. The towering demand for inventory control coupled with the need for cost reduction is poised to drive the proliferation of the market through the review period.
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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.
The global automated storage and retrieval system market, by region, has been segmented into Asia Pacific, North America, Europe and the Rest of the World (RoW). Among these, North America is the most prominent regional market and is likely to benefit from the consolidation of key players. Europe is also a crucial revenue pocket and is anticipated to expand substantially in the years to come. Asia Pacific signifies potential and is forecasted to emerge as a booming market towards the end of the assessment period. China, Japan, and South Korea are the major country-level automated storage and retrieval system markets of the region.
In April 2019, Flexcon Container, a leading American manufacturer and provider of totes and containers, has unveiled its new range of automated storage and retrieval system (AS/RS) tote boxes that repel deflection under heavy loads.
In April 2019, Wynright Corporation, which is a wholly owned subsidiary of Daifuku North America, is set to showcase its new solutions including mini-load automated storage and retrieval system (AS/RS) at ProMat 2019.
In March 2019, researchers at Microsoft Corporation, an American multinational technology company, have developed an automated DNA storage and retrieval system where one gram of DNA can store 215 petabytes of data for up to 2,000 years.
TABLE OF CONTENTS
LIST OF FIGURES
Figure 1 Research Methodology
Figure 2 Market: By Type (%)
Figure 3 Market: By Application (%)
Figure 4 Market: By End-User (%)
Figure 5 Market: By Region (%)
Figure 6 North America Market, By Type (%)
Figure 7 North America Market, By Application (%)
Figure 8 North America Market, By End-User (%)
Figure 9 North America Market, By Region (%)
Figure 10 Europe Market, By Type (%)
Figure 11 Europe Market, By Application (%)
Figure 12 Europe Market, By End-User (%)
Figure 13 Europe Market, By Region (%)
Figure 14 Asia-Pacific Market, By Type (%)
Figure 15 Asia-Pacific Market, By Application (%)
Figure 16 Asia-Pacific Market, By End-User (%)
Figure 17 Asia-Pacific Market, By Region (%)
Figure 18 Row Market, By Type (%)
Know More about this Report @ https://www.marketwatch.com/press-release/automated-storage-and-retrieval-system-asrs-market-size-2019-global-trends-leading-players-opportunities-and-forecast-by-regions-applications-dynamics-segmentation-and-outlook-2023-2019-09-27
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