Automated Storage and Retrieval Systems Market: Technological Augmentation Drives Growth in the Comi
Tier III Players Account for around 3/4th Revenue Share of the Automated Storage and Retrieval Systems Market
[USPRwire, Tue Jul 23 2019] In order to dissert the market scenario prevailing across the automated storage and retrieval systems market sector, FactMR has evenly presented a comprehensive analysis report on automated storage and retrieval systems market to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the automated storage and retrieval systems market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.
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Top 10 vendors in the automated storage and retrieval systems market account for around 25-28% of the overall market share; yet, the automated storage and retrieval systems market continues to remain fragmented. The fragmentation in the market can be gauged from the fact that Tier III vendors account for nearly 75% market share.
These tier III companies are concentrated in a specific state/province and their business model involves providing cost-effective solutions to SMEs. Though these companies do not have the deep pockets to scale up, collectively, they are a force to reckon with.
Automated Storage and Retrieval Systems – Future of the Warehousing Industry
Recent transformations in the warehousing industry are bringing in state-of-the-art technologies to enhance warehousing functions and management. Automated warehouses are witnessing growing adoption, helping manufacturers meet their demands for obtaining greater throughput. A palpable shift of focus towards mitigating operational issues and enhancing performance of warehousing functions is triggering adoption of automated storage and retrieval systems across a range of sectors.
Leading stakeholders in the automated storage and retrieval systems market are attracting more investments from players in the warehousing industry by aiding them to boost the delivery speed, material handling flexibility, and transportation efficiency with technologically advanced automated storage and retrieval systems.
Automated Storage and Retrieval System Vendors Witnessing Significant Growth in Developing Nations
Rapidly growing manufacturing sector and warehousing industry in emerging economies underscore the inherent growth opportunities for automated storage and retrieval system vendors in developing countries, such as China, India, as well as GCC countries. Increasing growth of the e-commerce and other industrial sectors, such as food & beverage and pharmaceuticals, in developing countries is attracting heavy investments from automated storage and retrieval system vendors. Apart from the manufacturing advantages in developing nations, stakeholders in the automated storage and retrieval systems market are benefiting from growing awareness about the importance of boosting warehousing efficiency with automation in these regions. With a significant rise in investment capabilities of industrial end-users in the emerging economies, stakeholders in the automated storage and retrieval systems market are modifying their business strategies to capture extraordinary growth opportunities in the developing nations.
The FactMR report offer thorough and comprehensive profiling of the competitive environment in the automated storage and retrieval systems market. The report tracks major developments and strategies of leading players in the automated storage and retrieval systems market during the forecast period. Market players featured in the FactMR report include Daifuku Co., Ltd., Murata Machinery, Ltd., Dematic Corporation, Vanderlande Industries, TGW Logistics Group GmbH, System Logistics Spa, Westfalia Technologies, Inc., Honeywell Intelligrated, Swisslog Holding AG, and Invata Intralogistics, Inc.
Murata Machinery, Ltd. recently collaborated with Yamazaki Mazak Corporation, a Japanese machine tool building company, to develop the “MAZATEC SMS (Smart Manufacturing System)”. This system is integration of Murata’s internal factory material handling technology and Mazak’s multi-tasking machine tools and its advanced horizontal machining centers.
Additional Questions Answered
The unique information about the automated storage and retrieval systems market featured in the report does not only elucidate the future prospects of the market, but also helps market players to make appropriate business decisions. The report also answers critical questions for stakeholders in the automated storage and retrieval systems, such as
- What are the future trends in the automated storage and retrieval systems market that may impede the market growth?
- Which countries are the major focus for automated storage and retrieval system vendors across the world?
- Why most of the leading players in the automated storage and retrieval systems market investing in North America?
- What are the risks involved in investing in the APEJ automated storage and retrieval systems market?
- Which end-user industry will influence the growth prospects of the automated storage and retrieval systems market by 2028?
Analysts at FactMR follow a holistic approach while conducting a thorough research about the automated storage and retrieval systems market. The conclusions about the growth prospects of the automated storage and retrieval systems market mentioned in the report are the outcome of secondary and primary market research conducted by analysts at FactMR. Secondary market research is conducted by the analysts helps to understand the historical and current industry-validated data about the automated storage and retrieval systems market.
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