The global mini load automated storage and retrieval system market was valued at US$3.348 billion in 2017 and is projected to expand at a CAGR of 8.18% over the forecast period to reach US$5.366 billion by 2023. The automated storage and retrieval system (ASRS) is a computer controlled system for storing and retrieving products in warehouses and distribution centers. The growing e-commerce industry is leading to increasing demand for effective material management system in the warehouses which is driving the mini load automated storage and retrieval system market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the mini load automated storage and retrieval system value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global mini load automated storage and retrieval systems market.
Major industry players profiled as part of the report are Beumer Group, Murata Machinery Ltd, and Swisslog Holding AG among others.
The global mini load automated storage and retrieval system market has been analyzed through following segments:
By Load Capacity
Up to 200Kg
200kg – 400kg
More than 400kg
Food and Beverage
Middle East and Africa