Pune, India -- (SBWIRE) -- 07/14/2016 -- The automated storage and retrieval system (ASRS) market is expected to grow from USD 5.19 Billion in 2015 to reach USD 8.43 Billion by 2022, at a CAGR of 7.1% between 2016 and 2022. The ASRS market is currently witnessing a growing demand from automotive and food & beverages industries as ASRS is highly recommended in these industries for storing and retrieving goods from the inventory on a real-time basis. ASRS helps bring products and materials to employees' work locations accurately and on time, and to build proper load-storage buffers for order picking and fulfillment. Factors such as growing e-commerce sector, surge in the automotive industry on a global basis, and growing trend of autostores in ASRS are some of the major growth drivers for this market.

Browse 80 market data Tables and 81 Figures spread through 203 Pages and in-depth TOC on "Automated Storage and Retrieval System (ASRS) Market - Global forecast to 2022"

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Unit load is expected to hold the largest share of the ASRS market by 2022

Players in the ASRS market focus on manufacturing unit-load ASRS, that is, high-density storage and retrieval systems that enable highly efficient, accurate, safe, and stable handling of full pallets, roll cages, containerized loads, and large items. Unit-load ASRS is being widely used in industries such as aviation, automotive, e-commerce, distribution, food & beverage, pharmaceuticals & medical supplies, 3PL, and retail & apparel.

While unit load held the largest market share in 2015, autostore ASRS market is expected to grow at a high CAGR between 2016 and 2022. An autostore is an advanced enterprise warehouse management system that allows complete configurability and flexibility. The system can be easily expanded and modified because of its design. Players in the ASRS market are concentrating on manufacturing autostore ASRS designed to manage material flow strategies, raise goods throughput, reduce paperwork, and deliver real-time management information.

More Details : Automated Storage and Retrieval System Market

APAC expected to witness the highest growth during the forecast period

The market in APAC is expected to grow at the highest CAGR between 2016 and 2022 owing to the increasing investments by manufacturers and suppliers for installing automated material handling systems at warehouses and distribution centers. The market in APAC is expected to grow because of the technological advancements and increased awareness among people.

The report also profiles the most promising players in the ASRS market, namely, Daifuku Co., Ltd. (Japan), Kardex Group (Switzerland), Murata Machinery, Ltd. (Japan), Swisslog Holding AG (Switzerland), Mecalux S.A. (Spain), SSI Schaefer Group (Germany), Vanderlande Industries B.V. (Netherlands), Dematic GmbH & Co. Kg, (Germany), and Bastian Solutions, LLC (U.S.).

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