Research and Markets: The Global Automated Storage & Retrieval System Market Expected to Reach $7.29 Billion by 2020, at a CAGR of 7.1% between 2014 and 2020
June 15, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/m4lmd6/automated_storage) has announced the addition of the “Automated Storage & Retrieval System Market by Type, Industry, Function & Geography – Global Forecast to 2020” report to their offering.
The Automated Storage and Retrieval System (ASRS) market is being driven by various factors such as better space and labor utilization due to the adoption of new technologies, improved supply chain efficiency & productivity, growth in automated material handling market, and real time inventory control. The ASRS market has been facing some restraints such requirement for high capital investments and technical glitches. These restraints are acting as barriers for the growth of Automated Storage and Retrieval System (ASRS) market. Major opportunities for ASRS market are demand for automation by the e-commerce industry and new technologies like mid load and shuttles. These opportunities are expected to boost the Automated Storage and Retrieval System (ASRS) market.
The European region holds the highest market share in ASRS market, due to the significant presence of key players such as SSI Schaefer Group (Germany) and Kardex Group (Switzerland). However, the APAC region is estimated to grow at the highest growth rate between 2014 and 2020.
Companies Mentioned:
– Bastian Solutions, Llc
– Beumer Group Gmbh & Co. Kg
– Daifuku Co. Ltd.
– Dematic Gmbh & Co. Kg
– Kardex Group
– Mecalux, S.A.
– Murata Machinery Ltd.
– SSI Schaefer Group
– Swisslog Holding AG
– Vanderlande Industries B.V.
For more information visit http://www.researchandmarkets.com/research/m4lmd6/automated_storage
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