Automated Storage and Retrieval System (ASRS) Market

Daifuku Co. Ltd. (Japan) and SSI Schaefer Group (Germany) are the Major Players in the Automated Storage and Retrieval System (ASRS) Market

The automated storage and retrieval system (ASRS) market is expected to be valued at USD 9.18 Billion by 2023, growing at a CAGR of 7.37% during the forecast period. The growth of this market is driven by factors such as reducing cost pressure, increasing demand for ASRS, and optimum utilization of floor space. Factors such as emergence of new ASRS technologies and growing popularity of ASRS-based cold chain in Asia Pacific are creating opportunities for the ASRS market in the region.

Some of the major players operating in the automated storage and retrieval system market are Daifuku Co. Ltd. (Japan), SSI Schaefer Group (Germany), Murata Machinery (Japan), Knapp AG (Austria), TGW Logistics Group GmbH (Austria), Kardex Group (Switzerland), Swisslog Holding AG (Switzerland), Mecalux SA (Spain), Vanderlande Industries (Netherlands), System Logistics Corporation (Italy), Bastian Solution (US), Beumer Group (Germany), and Dematic GmbH & Co. KG (Germany).

Daifuku Co. Ltd. held the leading position in the global automated storage and retrieval system (ASRS) market in 2016. The company focuses on R&D to design and develop products, services, and solutions that meet its clients’ changing technological needs. This is evident from the launch of eight products, which come under the category of certified Daifuku Eco-Products, by the company in March 2014. The products included mini-load ASRS, transport system, cleanroom overhead monorail system, and cleanroom transport/storage system. Moreover, Daifuku invests significantly in R&D to deliver innovative and high-quality products and services to maintain its leading position and to have an edge over its competitors in the automated storage and retrieval system (ASRS) market.

Schaefer Systems International, Inc. (Germany) held the second position in the ASRS market in 2016. The company focuses on organic growth strategies such new product developments to expand its presence worldwide and enhance its services portfolio. SSI Schaefer also has a rich experience in software development. The company continues to introduce innovative products for the material handling industry, opening up new opportunities for its growth. For instance, in 2016, SSI Schaefer Group introduced software solutions for the intelligent packing and picking work stations, providing an insight into automated, robot-controlled case picking on human machine interfaces.

Related Reports:

Automated Storage and Retrieval System (ASRS) Market by Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load, Autostore), Function (Assembly, Kitting, Order Picking, Distribution, Storage), Industry, & Geography - Global Forecast to 2023

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Report Code
SE 3360
Published ON
Jul, 2017
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