Automated Storage And Retrieval System (ASRS) Market By Type (Unit-Load, Mini-Load, Vertical Lift Module, Carousal, Micro-Load), By Industry (Automotive, Food And Beverages, Chemicals Electronic And Semiconductor, Metal And Machinery, E-Commerce, Third-Party Logistics) - Growth, Future Prospects & Competitive Analysis, 2016 - 2024

Automated storage and retrieval system (ASRS) is an automated system dedicated to material storage, handling, and retrieval when required. ASRS is divided into two parts; first part comprises a central computer with the human interface. The second part is the storage and retrieval machine. Attributes such as increased accuracy and quick operation are making industries across the world to adopt ASRS, thus boosting the growth of ASRS market.

Automated storage and retrieval system market is highly driven by the ever increasing requirement for effective material management system across industrial organizations. Manufacturing firms spend a fortune for accurate material storage, retrieval, and handling. However, human labor does not appropriately justify the time and money involved for material storage and retrieval. In order to overcome such issues, manufacturing units and warehouses are opting for automated storage and retrieval systems. Customization and flexibility are another major factors boosting the ASRS market growth. However, factors such as high installation costs and overall maintenance cost are few restraints which affect the ASRS market growth, as small plants cannot prefer for such costly automation.

Automated storage and retrieval system is divided, based on their types into unit load ASRS, mini-load ASRS, vertical lift module, carousel type ASRS and micro-load ASRS. ASRS is further segmented, on the basis of end-use industry, into automotive, food and beverages, chemicals, metals and machinery, electronics and semiconductors, e-commerce, third-party logistics and others. Others include aviation, textile, paper, and healthcare.

The report titled “Automated Storage and Retrieval System- Growth, Future Prospects, Competitive Landscape and Forecast, 2016-2024” offers strategic insights into the global automated storage and retrieval market with focus on the market size and estimates for the duration 2014 to 2024 The said research study covers in-depth analysis of multiple market segments based on product types, end-use industry and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 & 2024. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading automated storage and retrieval system manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report Daifuku Co. Ltd., Schaefer Holdings International GmbH, Murata Machinery Ltd., Mecalux S. A., Vanderlande Industries, Swisslog AG, Kardex AG, Beumer Group GmbH, Fives Group, Knapp Logistics Automation GmbH, TGW Logistic Group GmbH, KuKa System North America, Legris Industries, Wintron GmbH, Flexlink AB, Wynright, Viastore Systems, Electtric 80, Dearborn Mid-West Conveyor Co. and others. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the automated storage and retrieval system.
• Market drivers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2014 – 2015)
• SRC (Segment-Region-Country) Analysis
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Overall, the research study provides a holistic view of the global automated storage and retrieval system, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

The global automated storage and retrieval system market has been segmented, on the basis of geographical regions, as per following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific
• Rest of the World (ROW)
  • Middle East & Africa (MEA)
  • Latin America

Europe dominates the overall ASRS market as of 2015. Countries including the U.K., France, Germany and others have a heavy concentration of manufacturing units. Automotive, food and beverages, metals and machinery are the predominant industrial sectors in this region. Industries across this region are opting for automation of different processes of manufacturing including material storage and handling. Consequently, adoption for ASRS for material storage and retrieval by industries across this region is growing significantly.

Asia Pacific is estimated to emerge as the fastest growing region in the overall ASRS market. Significant growth in manufacturing units in countries including China, Japan, South Korea, India and some of the Southeast Asia countries has been observed in nascent time. The Strong presence of mass manufacturing and warehouses has inculcated firm requirement of organized material storage and retrieval system. Companies are adopting sophisticated techniques such as ASRS for efficient and organized material storage and retrieval system. Subsequently, demand for ASRS is exhibiting a significant growth in Asia Pacific market in terms of revenue.