Automated Storage and Retrieval System Market worth $7.29 BN by 2020, Accroding to a New Study on ASDReports

Wednesday 6 May 2015, Amsterdam

According to a new market research report, now available on ASDReports, "Automated Storage & Retrieval System Market by Type (Unit load Mini load, Shuttle & Carousel), Industry (Automotive, Food & Beverage, Chemical & Pharmaceutical, E-commerce, & Aerospace), Function, & Geography - Global Forecast to 2020", the total Automated Storage and Retrieval System (ASRS) market was valued at $4.51 Billion in 2013 and is expected to reach $7.29 Billion by 2020, at a CAGR of 7.1% between 2014 and 2020.

The Automated Storage and Retrieval System (ASRS) market is expected to register a high growth in the next five years. ASRS has enabled the players in the manufacturing industry to optimize their space utilization and improve the efficiency and productivity of their supply chains.

ASRS has also helped overcome the challenge of providing customized solutions to various industries based on their specific requirements. Many players are still trying to come up with advanced ASRS related technologies, in order to increase customer adoption across various industry verticals. The growing awareness of inventory control and automation of storage systems by the integration of advanced technologies with ASRS products is expected to propel the said market in the near future.

The report describes the market trends, drivers, restraints, challenges, and opportunities with respect to the Automated Storage and Retrieval System (ASRS) market and forecast the market till 2020. This global report provides a detailed view of the market across the four geographies, namely the North America, Europe, Asia-Pacific, and RoW. Europe and North America are the largest regions in terms of market size. Asia-Pacific has been identified as the fastest growing region, with China leading the way. The report also profiles the most promising players in the ASRS market.

The competitive landscape of the market presents a very interesting picture, where a large number of players have become a force to reckon with. The market has been witnessing numerous acquisitions and contracts among various players across the value chain.

The major players in the ASRS market include Daifuku Co. Ltd. (Japan), Kardex Group (Switzerland), Vanderlande Industries B.V. (Netherlands), Swisslog Holding AG (Switzerland), and Murata Machinery, Ltd. (Japan), Dematic GmbH & Co. Kg, (Germany), BEUMER Group GmbH & Co. KG (Germany), Bastian Solutions, LLC (U.S.), Mecalux S.A. (Spain), and SSI Schaefer Group (Germany).