ASRS Market is estimated to reach US$ 13,808.2 Mn by 2025 Automated Storage and Retrieval Systems Market to | Page 3

Automated Storage and Retrieval Systems Market to 2025 The global ASRS market is segmented based on types as: Unit Load ASRS, Mini Load ASRS, Carousals, VLM, and others. On the basis of end-user ASRS market can be further divided into Automotive, Electronics, Food & Beverage, E-commerce, Logistics, Pharmaceuticals, Retail, and other end users. The global automated storage and retrieval systems market is estimated to grow at a CAGR of 8.7% during the forecast period 2017 – 2025 and accounts for US$ 13,808.2 Mn in the year 2025. One of the prime factors that are driving the demands for automated storage and retrieval systems is the need for optimized and space efficient storage systems. Growing population across the globe, is tremendously impacting the demand for multiple product categories in automotive, pharmaceutical, retail, electronics, food & beverage, and many other industries. In order to cater to this enormously increasing demand, manufacturers have increased their productions significantly. Moreover, the modular structure of these systems ensure flexibility and scalability. Thus, need for fast, space efficient, and cost effective storage systems along with maximum throughput and productivity, is driving the market for automated storage and retrieval storage solutions, across most of the end-user industries. The key players profiled in the report are Bastian Solutions, Inc., Daifuku Co. Ltd., Kardex Group, SSI Schaeffer Systems International and Murata machinery Ltd. Among others. Request for Sample @ http://www.theinsightpartners.com/sample/TIPTE100000381 Contact Us : [phone]| E-Mail : [email protected]