Global Automated Storage and Retrieval Systems Market: Soaring Demand Assures Motivated Revenue Shar
The automated storage and retrieval systems market is expected to grow at a CAGR of 7.6% during the period 2018-2028.
[USPRwire, Wed Mar 06 2019] Automated storage and retrieval systems are computer-controlled systems used in warehouses for automatically storing and retrieving goods from their definite storage locations. Automated storage and retrieval systems are a collective system of hardware integrated with software for accurate storage and replenishment of loads, which increases productivity, efficiency, and reduces labor involvement and inventory levels.
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The Fact.MR report consists of the most important insights about the recent developments and potential opportunities in the automated storage and retrieval systems market. Based on a thorough market research, accurate conclusions about the future prospects of the automated storage and retrieval systems market are drawn, which can help market players to make informative decisions in the coming future.
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.
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Customized Automated Storage and Retrieval Systems for Distinctive End-use Applications
A majority of industrial end-users are implementing automated storage and retrieval systems that can help them enhance order accuracy, throughput capacity, while reducing warehousing operational costs. Leading market players are putting their efforts into delivering customized solutions to suit industry-specific applications, in order to maintain a competitive edge. Established stakeholders in the automated storage and retrieval systems market are leveraging their expertise in data gathering, design, construction, and technological innovations to deliver highly-customized automated storage and retrieval systems. Furthermore, top vendors in the automated storage and retrieval systems market are adopting next-generation technologies to provide a diverse product selection range in order to meet unique needs of end-users.
Foraying into New Industrial Segments: A Popular Trend Among Automated Storage and Retrieval System Vendors
As the e-commerce sector is undergoing rapid developments, a wide range of industries are adopting warehouse automation technologies to further enhance the efficiency of logistics & supply chain management. Automated storage and retrieval system vendors are shifting their focus on developing new industry-specific solutions to leverage additional profit opportunities by incorporating next-generation automation technologies. Especially in the developed countries, companies with manufacturing or distribution operations are investing heavily in warehouse automation. Thereby, to leverage the rise in adoption of automation solutions, players in the automated storage and retrieval systems market are adopting strategies to enter unexplored industrial sectors rather than aiming to establish a strong position in the existing markets.
The Fact.MR 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 Fact.MR 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.
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