Market Research Future (MRFR) projects the global automated storage and retrieval system market to reach USD 10.81 billion at a 7.7% CAGR from 2017 to 2023 (forecast period).
AS/RS Systems are the abbreviation for automated storage and retrieval systems. These systems give users better inventory control and tracking, as well as more flexibility to adapt to changing business situations. The increased need for AS/RS systems aids in the provision of a complete value chain analysis of the warehouse and manufacturing sectors, as well as the provision of accurate information.
The organic automated storage and retrieval system segment is predicted to account for the majority of the market share, owing to its ability to provide efficient order fulfillment while also lowering labor costs for material storage and retrieval.
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The worldwide automated storage and retrieval system industry has been segmented into type, applications, and end-user.
By type, the worldwide automated storage and retrieval system industry has been segmented into unit load, mini load, and micro load.
By applications, the global automated storage and retrieval system market has been segmented into order picking, replenishment, kitting, order picking, distribution, and storage.
By end-user, the worldwide automated storage and retrieval system industry has been segmented into semiconductor & electronics, e-commerce, automotive, chemicals, aviation, and food & beverages.
Top Key Players
The prominent players in the global automated storage and retrieval system (ASRS) 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 worldwide automated storage and retrieval system market is predicted to reach USD 10.81 billion at a 7.7% CAGR from 2017 to 2023 (forecast period). The growing amount of data being collected, as well as the growing awareness of the importance of data for marketing, are expected to fuel the global market's growth.
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