Burgeoning automated storage and retrieval systems demands in growing economies such as China, India, and Brazil to boost the Automated Storage and Retrieval Systems Market at a CAGR of 8.7%
Published Date : 15/05/2017
Report : Automated Storage and Retrieval System Market to 2025 - Global Analysis and Forecast by Types (Unit Load ASRS, Mini Load ASRS, Vertical Lift Module, Carousels and Others), and End-users (Automotive, Food & Beverages, Electronics, E-Commerce, Aerospace, Logistics, Retail, Pharmaceuticals and Others)
According to a new market research study titled 'Automated Storage and Retrieval Systems (ASRS) Market to 2025 - Global Analysis and Forecasts by Types and End-user', the global Automated Storage and Retrieval Systems (ASRS) market was valued at US$ 6,507.2 Mn in 2016 and is estimated to reach US$ 13,808.2 Mn by 2025. The report highlights the trends prevalent in the global Automated Storage and Retrieval Systems (ASRS) market and the factors driving the market along with those that act as deterrents to its growth.
Diverse storage solutions such as unit load, mid-load, carousels, and VLM (Vertical Lift Modules) serve various purposes of their users with added value thereby help them in reducing costs. VLMs save more than 80% of floor space by stacking the material in vertical shelves. Also, these storage systems are designed in such a way that storing and picking of goods becomes less time taking, more efficient and helps to increase productivity at the workplace. Similarly, horizontal and vertical carousels are used for storage of small parts and tools used either at the manufacturing plant shop floor or for storage of consumer goods. Moreover, the modular structure of these systems ensure flexibility and scalability. Thus, need for fast, space efficient, and cost effective storage systems along with maximum throughput and productivity, is driving the market for automated storage solutions, across most of the end-user industries.
Industries nowadays are experiencing huge demands for automating storage and retrieving activities, which can further increase the batch processing speeds of consumer goods and various packaged products. Thus, many-folds increase in the productivity has been driving the adoptions of automated ASRS systems in the recent times.
The global automated storage and retrieval systems (ASRS) market has been segmented on the basis of type into unit load ASRS, mini load ASRS, carousals, vertical lift modules (VLM), and others. Additionally, this market is also segmented on the basis of end-users into automotive, electronics, food & beverage, e-commerce, aerospace, logistics, pharmaceuticals, retail, and others. Geographically, the global ASRS market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).
Countries like Japan, India, China, Australia, Singapore, Taiwan, and Indonesia have a plethora of manufacturing industries pertaining to diverse sector that includes electronics, food & beverage, chemicals, textile, automobiles, and healthcare. The manufacturing industry in the countries of Asia Pacific have experienced a huge shift over the years. The Asian manufacturing sector is known to rapidly adopt innovation accelerators that includes robotics along with the emerging cloud and mobility technologies. The key players profiled in the report are Bastian Solutions, Inc., Daifuku Co. Ltd., Kardex Group, SSI Schaeffer Systems International and Murata machinery Ltd. Among others.
Global ASRS Market Breakdown by Regions, 2016 (%)
Source: The Insight Partners Analysis
The report segments the global ASRS market as follows:
Global ASRS Market - By Types
Unit Load ASRS
Mini Load ASRS
Global ASRS Market - By End-user
Food & Beverage
Global ASRS Market - By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SAM)