Published Date : May 22, 2017
ALBANY, New York, May 22, 2017: A new research study on the global warehouse automation market with focus on automated storage and retrieval system market has been recently added by MarketResearchReports.biz to its vast repository of research reports. The 73-page research report, titled “Global Warehouse Automation Market with Focus on Automated Storage & Retrieval System (ASRS) Market (2017-2021),” provides an in-depth reports of the market. It throws light on the major aspects that are estimated to impact and determine the growth and development of the overall market throughout the forecast period. In addition to this, the research study provides a detailed study regarding the growth prospects, opportunities, and the challenges in the global market.
On the basis of product type, the global market for warehouse automation with focus on automated storage and retrieval has been categorized into hardware, software, and services. The hardware segment has been further divided into load and equipment. The software segment has been divided into warehouse control system, warehouse management system, and warehouse execution system. Furthermore, the services segment has been divided into retail, automotive, electronics and electrical, and others.
The rising adoption of automation for the manufacturing processes is one of the key factors expected to encourage the growth of the global warehouse automation market. In addition, technological developments and innovations in the storage and retrieval systems are likely to accelerate the overall development of the market in the next few years. Furthermore, the rising adoption of new techniques in order to cut down on unnecessary cost across diverse industries is estimated to generate promising growth opportunities for key players in the global market.
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Furthermore, a significant rise in the development of e-commerce and the rising rate of urbanization in emerging economies are considered to supplement the growth of the market in the next few years. Moreover, the rising disposable income of consumers and advancements in technology are predicted to accelerate the growth of the market in the near future. On the contrary, issues related to flexibility and the requirement of high initial upfront investments are estimated to curb the growth of the market in the near future. Nonetheless, a substantial reduction in the labor charges and order selection time is likely to offer growth opportunities over the forecast period.
The research study further offers a detailed reports of the competitive landscape of the global warehouse automation market with focus on automated storage and retrieval system. Some of the prominent players operating in the market across the globe are Bastian Solutions, Honeywell International Inc., KION Group AG, and KUKA. The research study has provided detailed profiles of these players, including the company overview, product portfolio, financial status, and the SWOT reports. In addition to this, the key strategies that are being used by the leading players have been presented in the study in order to offer a clear picture of the overall market for players as well as readers.
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