Automated Storage And Retrieval Systems Market: Size, Share Growth by 2025
Posted by shibaomrglobal on November 13th, 2019
The global automated storage and retrieval systems (ASRS) is growing at a significant CAGR during the forecast period. One of the major factors driving the global ASRS market is rise in demand for ASRS in the automotive industry and demand for automation in several industries. ASRS are type of warehouse technology in which goods are automatically retrieved and returned to storage. This is typically achieved by combining the technology with Warehouse Execution Software (WES) that manages the process and assists warehouse staff while processing orders. Government involvement and policies are further expanding the market scenario, in addition, due to ongoing technological advancement and competition among key market players is another major factor driving the global automated storage and retrieval systems market.
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Usual Industry applications include pharmaceutical, distribution centers, chemicals, food and beverage, manufacturing, fulfillment centers, warehouses, semiconductors and electronics, life sciences, e-commerce, automotive aerospace, and others. Automated storage is used to increase the efficiency of the warehouse by maximizing available storage space in existing inventory. For instance, Honeywell Intelligrated Inc. has announced ASRS Systems that are utilized for increased volumes of products and primarily aimed at increasing efficiency. The High-Volume Buffer Shuttle (HVBS) system is a broad, highly efficient case buffering system which is designed to smooth running of shipment, receiving and other downstream procedures. The system uses multiple passageways in close positioning to assist high-density storage and serve processes with quick-turn inventories and high throughput supplies.
The key manufacturers that are dominating the global automated storage and retrieval systems market includes Swisslog, KION Group, Murata Machinery, TGW Logistics, Toyota Industries Corp., Daifuku Co., Ltd., Kardex Group, Honeywell International, Inc., Schaefer Systems International, Inc., and TGW Logistics Group. Geographical expansion, merger & acquisition, finding a new market or innovate in their core competency in order to expand individual market share is a key strategy adopted by major market players.
Further, the key players are introducing innovative ASRS systems to stay competitive in the market. For instance, Daifuku Co. Ltd, a Japan-based company is one of the major players. It has announced a product called Clean Stocker which is primarily developed for temporary storage in the semiconductor production industry. The shelf components are expandable to match the necessary number of storages for semiconductors. Higher transfer capacity, prevention of dust generation, and safety tolerance are also taken into consideration.
Global Automated Storage and Retrieval Systems Market – Segment
Global Automated Storage and Retrieval Systems Market – Regional
Rest of the World
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Joined: June 17th, 2019
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