Automated Storage and Retrieval System (ASRS) Market Research Study Growth - CAGR of 19.9% Top Key Players are | Bastian Solutions, Daifuku, KION GROUP, Kardex Group

The global automated storage and retrieval system market was valued at US$ 2,349.9 Mn in 2018 and expected to reach US$ 4,616.1 Mn with a CAGR of 8.0% during the forecast period 2019 - 2027. Europe held the largest share of the global automated storage and retrieval system market in 2018, followed by North America and APAC. The automated storage and retrieval system market has been segmented into the 5 major regions: North America, Europe, APAC, the Middle East and Africa (MEA), and South America (SAM).

ASRS systems also play an essential role in robotics, where they are used to guide the autonomous robots called ‘self-navigating robots.’ Various industries such as electronics, automotive, aerospace, food & beverage, pharmaceuticals, and electronics are pretty concerned about reducing labor-intensive processes, increasing accuracy and speed for the task of storage, and retrieval of their products whenever required. A variety of ASRS systems are available in the market, out of which many systems are highly flexible and can be relocated. Other benefits include improved ergonomics, better inventory control, workplace safety, and others. However, the high cost associated with the installation, along with the overall maintenance cost, is hindering the market growth as it is often not affordable for small facilities to incur such costly automation.

Get Sample Report of Automated Storage and Retrieval System (ASRS) Market Report @ https://bit.ly/3nN5Js9

(*If you have any special requirements, please let us know and we will offer you the report as you want.)

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Automated Storage and Retrieval System (ASRS) market. The researcher provides an extensive analysis of the Automated Storage and Retrieval System (ASRS) market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Major Key Players Covered In This Report: Bastian Solutions, Inc., Daifuku Co., Ltd., KION GROUP AG, Kardex Group, Knapp AG, Mecalux, S.A., SSI Schaefer Group, Swisslog Holding AG, System Logistics Spa, Vanderlande Industries.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Automated Storage and Retrieval System (ASRS) market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Automated Storage and Retrieval System (ASRS) market segments and regions.

The report segments the global Automated Storage and Retrieval System market as follows:

Global Automated Storage and Retrieval System Market - By Type
• Unit Load ASRS
• Mini Load ASRS
• Vertical Lift Module
• Vertical Carousels
• Horizontal Carousels
• AutoStore
• Others

Global Automated Storage and Retrieval System Market - By End-user Industry
• Automotive
• Food & Beverages
• Electronic & Semiconductors
• E-Commerce
• Chemicals
• Aerospace
• Retail
• Pharmaceuticals
• Others

The research on the Automated Storage and Retrieval System (ASRS) market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Automated Storage and Retrieval System (ASRS) market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Automated Storage and Retrieval System (ASRS) market.
Automated Storage and Retrieval System (ASRS) Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Interested in purchasing this Report? Click here @ https://bit.ly/3l0AxE6

Thanks for reading this release; you can also customize this report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defence.

This release was published on openPR.