The ASRS market is expected to reach USD 9.18 billion by 2023, growing at a CAGR of 7.37% between 2017 and 2023. The major factors driving the growth of the market include limited space and minimal labour utilization enabled by the adoption of new ASRS-based technologies, improved supply chain efficiency and productivity, real time inventory control at lower costs, and multichannel supply chain strategy in retail.

The report covers the automated storage and retrieval system market, segmented on the basis of type, function, industry, and geography. The study identifies and analyses the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges. It also profiles the key players operating in the market.

In terms of type, the automated storage and retrieval system market has been segmented into unit load, mini load, vertical lift module (VLM), carousel, mid load, and autostore. Unit load held the largest share of the ASRS market in 2016. Unit-load ASRS is a high-density automated storage and retrieval system that enables highly efficient, accurate, safe, and stable handling of full pallets, roll cages, containerized loads, and large items.

Companies mentioned: Arkrobot; Automated Fork Truck, Inc; Automation Logistics Corporation; Bastian Solutions, Inc; Beumer Group; Daifuku Co Ltd; Dearborn Mid-West Company, Llc; Dematic Gmbh & Co Kg; Flexe, Inc; Green Automated Solutions; Intelligrated Egemin Automation; Kardex Group; Knapp Ag; Kubo Systems; Mecalux S.A; Murata Machinery Ltd; Savoye Inc; SSI Schaefer Group; Swisslog Holding Ag; System Logistics Corporation; TGW Logistics Group GmbH; Vanderlande Industries Bv; Viastore Systems Inc; and Wynright Corporation.