Automated Storage & Retrieval Systems - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Automated Storage & Retrieval Systems market is accounted for $7.05 billion in 2018 and is expected to reach $14.95 billion by 2027 growing at a CAGR of 8.7% during the forecast period. Some of the key factors propelling the market growth are rising demand for automated storage & retrieval systems in aerospace industry and best possible use of space. However, huge opening asset is the restraining factor for the growth of the market.
Automated storage and retrieval systems are frequently referred as AS/RS, are a kind of warehouse technology wherein goods are routinely brought and located back into storage. This is naturally achieved by combination the technology with warehouse execution software (WES) that manages the procedure and guides warehouse personnel process orders. AS/RS system has numerous benefits that help in making the warehouse or order fulfilment operations more proficient, and also it allows you to assign personnel to higher-value tasks more smartly.
By end user, retail segment is expected to grow at the significant market share during the forecast period due to get better the shopping skills of its customers and technology linked with retail is progressing. Data get-together and analyzing assist companies in retail to plan ahead and have a competitive edge in this widely competitive environment. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to rising technological advancements have enabled the addition of automated storage and retrieval systems without touching the current operation, which is stressed with the increasing demand from the e-commerce industry.
Some of the key players in Automated Storage & Retrieval Systems Market include Bastian Solutions, Beumer Group, Daifuku, Dematic , Haenel Storage System, IHI Corporation, Kardex Group, KNAPP, Mecalux, MIAS (Maschinenbau, Industrieanlagen & Service), Murata Machinery, Sencorpwhite, SSI Schaefer, Swisslog, System Logistics Corporation, TGW Logistics Group, Vanderlande Industries and Westfalia Technologies .
• Fixed Aisle System
• Mid Load
• Mini Load
• Unit Load
• Vertical Lift Module
• Micro-load AS/RS
• Order Picking
• Other Functions
• Storage and Retrieval Machines
• Warehouse Control System
• Rack Structure
• Conveyor Interface
End Users Covered:
• E-Commerce and 3PL
• Food & Beverages
• Life Science
• Medical Devices and Equipment
• Metals & Heavy Machinery
• Semiconductors & Electronics
• Spare Parts Handling
• Warehousing and Distribution
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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