Global Automated Storage and Retrieval Systems Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global automated storage and retrieval systems market in its upcoming report titled, “Global Automated Storage and Retrieval Systems Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automated storage and retrieval systems market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automated storage and retrieval systems market is segmented on the basis of type, industry, and region.

Computer-controlled systems that automatically place and retrieve goods from a defined storage location are known as an automated storage and retrieval systems (ASRS).  Some of the common processes or applications of ASRS are dynamic replenishment, order fulfillment, WIP storage, goods to person picking, finished goods storage, etc.

Increasing demand for real-time inventory control systems, and increasing adoption of automated systems & solutions by various sectors are major factors boosting demand for automated storage and retrieval systems in the global market. In addition, improved employee and labor productivity, coupled with improved supply-chain functionalities, and efficiency are other factors driving growth of the global automated storage and retrieval systems market. Moreover, increasing demand for automated storage and retrieval systems from e-Commerce sector is expected to further fuel growth of the global market.

Major factors hampering growth of the global automated storage and retrieval systems market are high installation cost and high capital investment. Additionally, lack of skilled technical professionals in some underdeveloped and developing countries is another factor hampering growth of the global market. Integration of internet of things (IoT) is expected to create lucrative opportunities for major players in the global market over the forecast period.

Europe dominates the global automated storage and retrieval systems market in terms of revenue contribution and is expected to maintain its dominance over the forecast period. This dominance can be attributed to early adoption of automated storage and retrieval systems by various manufacturing units in countries such as Germany, France, UK, etc. The market in North America accounts for significant revenue share in the target market and is expected to witness moderate growth over the forecast period. The market in Asia Pacific is expected to expand at a CAGR of X.X % during the forecast period. This can be attributed to rapid industrialization, and increasing adoption of automated solutions, and services in countries in this region.

Global Automated Storage and Retrieval Systems Market Segmentation:

Segmentation on the basis of type:

• Unit Load
• Mini Load
• Vertical Lift Module (VLM)
• Carousel
• Others

Segmentation on the basis of industry:

• Automotive
• Manufacturing
• Electronics
• E-Commerce
• Food & Beverages
• Pharmaceuticals
• Retail
• Others

 Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa