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(Transportation-News.com, May 12, 2017 ) The report entitled Global Warehouse Automation Market with Focus on Automated Storage & Retrieval System (ASRS) Market (2017-2021), provides analysis of the global warehouse automation market, with detailed analysis of market size and growth, and segmentation of the industry. The report also includes the detailed analysis of ASRS market by value, by end markets and by segments.
Under competitive landscape, different products offered by some of the key players in the warehouse automation market have been described. Further, supply chain management software suppliers have been compared on the basis of certain parameters.
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Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global warehouse automation market has also been forecasted for the years 2017-2021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
KION Group, Honeywell International Inc., KUKA and Bastian Solutions are some of the key players operating in the global warehouse automation market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
Company Coverage
KION Group AG
Honeywell International Inc.
KUKA
Bastian Solutions
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Warehouse is a commercial building wherein different types of goods are being stored such as raw materials, packing materials, spare parts and components, finished goods linked to agriculture, manufacturing and production. Under warehouse automation, all the works relating to storage, retrieving and moving inventory is carried out with the help of automated systems. Thereby, cutting short labor requirement and expenses.
The global warehouse automation market can be segmented on the basis of software, hardware and services. On the basis of software, the market can be divided into warehouse management system, warehouse control system and warehouse execution system. On the basis of hardware, the market can be sub segmented into equipment and load. On the basis of services, the market can be further divided into automotive, electronics & electrical, retail and others.
The global warehouse automation market and ASRS market are expected to grow at a healthy rate during the forecast period (2017-2021). The market is projected to increase on the account of various growth drivers such as increase in e-commerce sales, upsurge in disposable income, increasing urbanization, cost effectiveness of automation, potential of growth and ageing demography.
However, the market also faces some tough challenges such as high initial investment cost and issues of flexibility of automated systems. Mergers & acquisitions, reduced order selection time and labor hours, technological advances, the evolution of the internet of things, omni channel business model and preference of speedy deliveries on the part of the customers are some of the latest trends in the global warehouse automation market.
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