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(IT-NEWSWIRE.COM, April 18, 2019 ) Automated Storage and Retrieval System Market is expected to grow from US$ US$ 7076.9 Mn in 2017 to US$ 13808.2 Mn by 2025 at a CAGR of 8.7% between 2017 and 2025.
Pharmaceutical industry has been one of the highly regulated industries for 100% quality control compared to any other industry. Precision is one of the important aspects of any production activity. Extreme hygienic conditions are required in any pharmaceutical manufacturing process. ASRS solutions such as VLM offer dust-protection concept to safeguard these products to come in contact with any foreign particles.
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Key trends which will predominantly effect market in the coming years is automated storage and retrieval system market consolidation due to growing competition. Established players in the storage system arena are looking for integration of IoT and robotics to further grab better opportunities. Daifuku Co.Ltd., Kardex Group, Intelligrated and Interlake Mecalux are few of the major players in this market that provide solutions pertaining to automated storage and retrieval systems. The space and cost savings realized after implementations of automated storage and retrieval systems is reaping rich dividends for the users of it and thus, encouraging investments from various corners for further up gradations in the technology.
Top Companies profiled in this report includes, Bastian Solutions, Daifuku, Kardex Group, Mecalux S.A., TGW Logistics Group, System Logistics Corporation, Vanderlande Industries B.V., SSI Schaefer Group, Egemin Automation, Knapp AG.
After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the reports authors in the study. As leading companies take efforts to maintain their dominance in the global Automated Storage and Retrieval System (ASRS) market, the right way to do so is by adopting new technologies and strategies. The report highlights major technological developments and changing trends adopted by key companies over a period of time. For a stronger and more stable business outlook, the report on the global market carries key projections that can be practically studied.
Automated Storage and Retrieval System market by end-user vertical is segmented into aerospace, automotive, electronics, e-commerce, retail, logistics, food & beverage, pharmaceutical, and others (agriculture, oil & gas, and construction). Several warehouses and industrial facilities are following a trend to install automated solutions to enhance their warehouse operations, worker safety and comfort as well as profits. Vertical lift module is one such automated storage and retrieval solution, which delivers benefits such as reduced labor costs, increased inventory control, space savings, accuracy & productivity, ergonomics, safety & protection and flexibility.
The overall automated storage and retrieval system market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the automated storage and retrieval system market.
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Key questions answered in the report include
What will the market size and the growth rate be in 2027?
What are the key factors driving the global automated storage and retrieval system market?
What are the key market trends impacting the growth of the automated storage and retrieval system market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global automated storage and retrieval system market?
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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