The 2018 Automated Storage & Retrieval System Market: Analysis, Size, Share, Growth, Trends and Forecasts (2016-2025) – ResearchAndMarkets.com

The “Automated
Storage and Retrieval System Market by Type; by Function; for Industry –
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016
– 2025” report has been added to ResearchAndMarkets.com’s
offering.

The global automated storage and retrieval system (ASRS) market was
valued at around USD 5,400 million in 2016 and it is expected to reach
more than USD 11,900 million by 2025. The global automated storage and
retrieval system (ASRS) market is expected to grow at a CAGR of more
than 9% between 2017 and 2025.

The high initial investment required for automated storage and retrieval
system can limit the growth of the market. However, automated storage
and retrieval system can improve productivity and efficiency of the
company and also reduces the labor cost.

Segmentation

By type, autostore segment is expected to register the highest growth of
13% between 2017 and 2025. Autostore system is a storage solution which
provides complete configurability and flexibility. Autostore increases
the speed and improves the quality of the internal logistics. However,
unit load ASRS generated the highest revenues of around USD 1,715
million in 2016.

On the basis of function, the market is segmented into assembly,
kitting, order picking, distribution, storage, and others. Among this,
order picking segment is anticipated to grow with highest CAGR of 12%
between 2017 and 2025. ASRS is broadly used for picking orders in
warehouses, manufacturing plants, and distributions centers. This
automated storage and retrieval system picks up the finished orders from
the manufacturing plants and transports it to warehouses and
distribution centers.

The industry segment includes automotive, chemicals, aviation,
electronics and semiconductor, e-commerce, food and beverages,
healthcare, metal and heavy machinery, and others. Automotive industry
held the largest market share of around 25% owing to increasing
continuous demand from the automobile sector. Latest innovation in the
automotive industry like driverless car is anticipated to boost the
automotive industry. In addition, high investment in electric vehicle by
major players such as Forbes, Maruti, Honda, and others are expected to
change the scenario of the automotive industry in coming years.
Considering these factors, the automotive segment will continue to
dominate the market.

Asia Pacific ASRS market is estimated to register the highest CAGR
growth during the forecasted period. Growing e-commerce industry is
expected to trigger the growth of the automated storage and retrieval
system (ASRS) market. The rising trend of online shopping, increased
automotive industry, and innovation in consumer electronic products
anticipates propelling the growth of the market.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Automated Storage and Retrieval System (ASRS) – Market Dynamics

4. Global Automated Storage and Retrieval System (ASRS) Market –
Competitive Landscape

5. Global Automated Storage and Retrieval System (ASRS) Market – Type
Segment Analysis

6. Global Automated Storage and Retrieval System (ASRS) Market –
Function Segment Analysis

7. Global Automated Storage and Retrieval System (ASRS) Market –
Industry Segment Analysis

8. Global Automated Storage and Retrieval System (ASRS) Market –
Regional Segment Analysis

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/zzh2m2/the_2018?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181123005134/en/

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