Survey Results Suggest Strong Future for Automated Storage and Retrieval Systems Market

Posted on 2019-08-06 by Mark Hub in Industrial // 0 Comments

Fact.MR recently published a market research report titled “Automated Storage and Retrieval Systems Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2028”. The report is a comprehensive representation of the most critical growth parameters
of the automated storage and retrieval systems market. Readers can find qualitative and quantitative information on how the automated storage and retrieval systems market will grow during the forecast period 2018-2028. Readers can identify the lucrative opportunities for players in
the automated storage and retrieval systems market and other factors that may influence the market growth during the assessment period. Furthermore, the report also helps readers to understand the regional outlook of the automated storage and retrieval systems market to adopt
appropriate strategies to explore lucrative business opportunities in leading regional markets. The report presents critical information about the automated storage and retrieval systems market in the most seamless, chapter-wise manner for the better understanding of readers.

The automated storage and retrieval systems market is expected to grow at a CAGR of 7.6% during the period 2018-2028, according to a report by Fact.MR. North America is likely to maintain its lucrativeness in the automated storage and retrieval systems market, accounting for nearly 30% revenue share of the global market in 2018. The report opines that opportunities will not be limited to developed regions alone; the automated storage and retrieval systems market in Asia Pacific excluding Japan is likely to register the highest CAGR throughout the forecast period.

Sensing the rising awareness among industrial end-users about the extraordinary benefits of employing warehouse automation technologies, the Fact.MR report opines that the automated storage and retrieval systems market will witness excellent growth during the forecast period.

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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.

Competitive Landscape

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.

Murata Machinery, Ltd. recently collaborated with Yamazaki Mazak Corporation, a Japanese machine tool building company, to develop the “MAZATEC SMS (Smart Manufacturing System)”. This system is integration of Murata’s internal factory material handling technology and Mazak’s multi-tasking machine tools and its advanced horizontal machining centers.

Daifuku Co. revealed its plans to introduce best automated storage and retrieval systems by further enhancing its fully in-house production systems. Other players in the automated storage and retrieval systems market, such as Dematic Corporation and Honeywell Intelligrated are concentrating on introducing innovative software platforms that can aid in maximizing warehouse operational efficiencies to meet the dynamic end-user needs to support e-commerce growth.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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