News Contact Us

Automated Storage & Retrieval System Market: What are the major product segment to drive market growth?

Author : Ronak Bora | Published Date : 2019-05-17 

Global Market Insights, Inc. has recently added a report on automated storage & retrieval system market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Automated Storage & Retrieval System Market is expected to witness a huge adoption in several industry verticals including automotive, e-commerce, healthcare, etc. E-commerce is expected to hold a major share as logistics is the vital component of the industry. Major e-commerce players including Alibaba and Amazon are adopting the technology to reduce their delivery time cycle. Customers get their products in time after placing the order by adopting the technology.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2760

Additionally, the emergence of robots in the e-commerce logistics will help the automated storage & retrieval system market to grow in the retail sector. The technology includes software to integrate robots with the warehouse environment. Robots enhance the logistics operations by providing safety and efficiency & accuracy to the unit; hence, major players are adopting robots in their logistics. For instance, in 2011, Amazon started using robots in its warehouses.

The need for the temperature-controlled warehouses with the adoption of technology is driving the automated storage & retrieval system market. The cold chain is amongst the toughest environments in the industry, making the design of the mechanical and manual processes complicated. The technology helps workers in the warehouse stay warm or cool as per the requirement, increasing the productivity.

By implementing the technology, unsafe handling practices are avoided, and human interaction is reduced to a large extent. A software glitch in the unit can halt the entire process, leading to production losses. For instance, if customers change their orders, a non-responsive & inflexible supply chain will deliver the wrong product to the customer. It can be expensive for the company, leading to financial losses and restraining the automated storage & retrieval system market growth. Timely maintenance of the units & bug-free software will help in overcoming the challenges.

Request for customization of this report @ https://www.gminsights.com/roc/2760

The presence of manufacturing companies, such as Volkswagen Group, Samsung Electronics, General Electric, and Daimler in the U.S. is driving the growth of North America automated storage & retrieval system market. The technology is used in the manufacturing industry to direct the flow of materials through an industrial process to the end users. The technology operates in a fully automatic & semi-automatic mode to increase the accuracy of the technology, driving its growth in the manufacturing industry and making North America a prominent automated storage and retrieval system market.

(AS/RS) Automated Storage & Retrieval System Market is anticipated to grow due to the growing need for automation in the logistics industry. Automation in logistics tracks the product movement, eliminates excessive stock, reduces operation cost, and helps in faster invoicing, leading to increased efficiency. The technology is designed for applications requiring a high lift, fast speed, control features, and accurate positioning, which the traditional devices lack. Moreover, the technology helps in improving the employee productivity and enhances the operational efficiency. Furthermore, rising financial losses due to manual errors are reduced significantly with the adoption of equipment, driving the automated storage and retrieval system market growth.

Browse Full Report: https://www.gminsights.com/industry-analysis/automated-storage-and-retrieval-system-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us 

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: www.gminsights.com 
Blog: www.industry-source.org

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Antimicrobial Coatings Market Size is driven by strong application trends in healthcare application segment

Published Date: 2019-08-09         Author: Ronak Bora

Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction. Medical & healthcare application segment can experience substantial ... Read More

Aromatic Solvents Market Size to witness heavy growth prospects via paints & coatings sectors

Published Date: 2019-08-09         Author: Ronak Bora

Aromatic solvents market finds extensive application in varied sectors such as automotive, oilfield chemical, pharmaceutical, and paints & coatings. Pharmaceutical application will exhibit a CAGR of more than 2% over 2016- 2024, owing to its significant usage in drug formulation. Paints & co... Read More

Synthetic Lubricants Market in Europe Will Touch $1.67 Billion Up To 2023

Published Date: 2019-08-09         Author: Ronak Bora

Europe synthetic lubricants market price is predicted to surpass $1.67 billion by end of 2023 due to presence of key automobile and airplaneproducing firms like Audi, Airbus, Volkswagen, Rolls Royce, Mercedes and BMW. Asia Pacific, led by India and China synthetic lubricants market, is predicted ... Read More

© 2019 Fractovia. All Rights Reserved