Retail industry uses ASRS to implement it in large megastores with a wide range of goods stored at a single location. Companies use this system to efficiently manage product storage and retrieval within minimum time. It also tracks product expiry dates and stocks in the store. With retailers increasingly focused on enhancing their customer’s shopping experience, such technology has been progressing. The major players of the market are Swisslog, KION Group, Murata Machinery, TGW Logistics, Toyota Industries Corp., Daifuku Co., Ltd., Kardex Group, Honeywell International, Inc., Schaefer Systems International, Inc., and TGW Logistics Group. These companies are adopting various strategies to stay competitive in the market such as a merger & acquisition, and product launch. Merger and acquisition are considered as the key strategies in the market as many large players are acquiring small-medium scale companies in order to expand their market. For instance, in 2018, Horibe Machinery was acquired by the Murata Machinery, which would allow the company to enhance its product portfolio and also provide a unique production system solution to its customers.
Research Methodology:
The market study of the global ASRS market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for suppliers and distributors, and retailers for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
- Global Automated Storage and Retrieval Systems Market Research and Analysis by Type
- Global Automated Storage and Retrieval Systems Market Research and Analysis by Industry
The Report Covers:
- Comprehensive research methodology of the global ASRS market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global ASRS market.
- Insights about market determinants which are stimulating the global ASRS market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
