Automated Storage and Retrieval System (ASRS) Market Set for Rapid Growth During 2019 – 2027

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Global Automated Storage and Retrieval System (ASRS) Market: Overview
Thanks to the emergence of the global automated storage and retrieval system (ASRS) market, the materials flow and control are improved by technologically evolving. ASRS is controllable system that uses load recovery to automatic positioning of goods from predetermined storage locations. Automated storage and retrieval systems (ASRS) is used by a wide range of industries, including chemicals, automotive, food and beverages, e-commerce, and others. Automated storage and retrieval systems minimize labor costs while enhancing the efficiency and productivity.
Global Automated Storage and Retrieval System (ASRS) Market: Notable Developments 
The global ASRS market is growing at a rapid rate, and is boosted by the swift advances in technology. Here are some notable developments that could impact the global automated storage and retrieval system market in the coming years:
  • Smart Material Handling System
The launch of a AS-30 Sliding Shoe Sorter was announced in November 2015 by Wynrights, a subsidiary of the Daifuku North America Holding Company and a leading U.S. provider of smart material handling systems. The introduction of such innovative products is expected to boost the automated storage and retrieval system (ASRS) market.
  • Knapp AG Expansion Plans
Knapp AG has been expanding its North American headquarters in Georgia in June 2017. In June 2017 the Knapp AG has been announced. This growth is reported to increase to 150 US staff and hosts technology shows, showrooms and training facilities in the company. Expansions of such prominent players are expected to benefit the global ASRS market extensively.
  • Daifuku Partnership with Fast Retailing
Daifuku and Fast Retailing signed a Strategic Partnership Agreement in October 2018. These two companies will contribute to a long-term business development for both companies, as well as a stable logistical function. This partnership will involve them. Fast Retailing and Daifuku will make use of their knowledge and experience for logistics reform and enhancement. Daifuku is a prominent vendors operating in the global automated storage and retrieval system (ASRS) market, and is likely to remain a dominant name in the coming years.
Key players in the global automated storage and retrieval systems market include Dematic, Murata Machinery, Daifuku, Beumer Group, System Logistics Corporation, and KNAPP AG.

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