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Automated Storage and Retrieval Systems (ASRS) - Global Market Trajectory & Analytics

  • ID: 4804447
  • Report
  • February 2022
  • Region: Global
  • 603 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Bastian Solutions, Inc.
  • Daifuku
  • Dematic Group
  • Kardex
  • KNAPP AG
  • KUKA AG

Global Automated Storage and Retrieval Systems (ASRS) Market to Reach $9.9 Billion by the Year 2026


Automated storage and retrieval systems enable machines such as robots and other material handling equipment to automatically store as well as retrieve products from shelves. Automation of such processes enables to decrease labor costs, improve turnaround times, reduce errors, and better utilize storage space through vertical storage. Growth in the market is set to be driven by the increasing need to optimize use of labor and space, and the demand for improved efficiency and productivity across the supply chain. The market is benefiting from the growing awareness about automation of storage systems and inventory control, through integrated with advanced technologies. Rising demand for automation in the e-commerce industry and the advent of new technologies such as shuttles and mid load also augur well for the segment market. The market is also expected to witness high growth in the coming years due to increasing use of robotic systems in manufacturing units and warehouses to accelerate tasks. The market is expected to also gain from growing demand for shelves, pallets and racks in end-use applications along with the ability of these systems to reduce human efforts and enhance efficiency.

Amid the COVID-19 crisis, the global market for Automated Storage and Retrieval Systems (ASRS) estimated at US$6.8 Billion in the year 2020, is projected to reach a revised size of US$9.9 Billion by 2026, growing at a CAGR of 6.4% over the analysis period. Unit Load, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$3.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mini Load segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 22.5% share of the global Automated Storage and Retrieval Systems (ASRS) market. Unit load material handling systems support efficient handling, distribution and storage in different load weights and dimensions to minimize handling costs and improve productivity.



The U.S. Market is Estimated at $1.6 Billion in 2021, While China is Forecast to Reach $1.5 Billion by 2026


The Automated Storage and Retrieval Systems (ASRS) market in the U.S. is estimated at US$1.6 Billion in the year 2021. The country currently accounts for a 22.98% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.5 Billion in the year 2026 trailing a CAGR of 7.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR while Rest of European market (as defined in the study) will reach US$1.6 Billion by the end of the analysis period. North America represents a key market for ASRS equipment due to anticipated increase in demand for these systems across end-use industries. The regional market is anticipated to gain from rising awareness regarding worker safety, the need to efficiently manage bulk materials and emergence of Industry 4.0 with increasing penetration of IoT. In addition, the requirement to minimize downtime along with strong focus on making the supply chain more efficient is expected to further drive the adoption of MHE like ASRS. Rapidly expanding infrastructure needs for automobile, construction, energy, electronics, food & beverage, and retail & warehousing from Asian regions, such as China, is driving growth in the Asia-Pacific region.

Vertical Lift Module Segment to Reach $1.6 Billion by 2026


A Vertical Lift Module (VLM), a common G2P technology, is a vertical automated storage and retrieval system. The modular design of VLM makes it ideal for reducing the floor space requirements for stored materials. In the global Vertical Lift Module segment, USA, Canada, Japan, China and Europe will drive the 7.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$827.8 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$195 Million by the year 2026, while Latin America will expand at a 8% CAGR through the analysis period.

Select Competitors (Total 104 Featured) -

  • Bastian Solutions, Inc.
  • Beumer Maschinenfabrik GmbH & Co. KG
  • Daifuku
  • Dematic Group
  • Kardex
  • KNAPP AG
  • KUKA AG
  • Mecalux, S.A.
  • Murata Machinery
  • Schaefer Systems International, Inc.
  • System Logistics
  • TGW Logistics Group GmbH
  • Toyota Material Handling
  • Vanderlande Industries B.V.
Frequently Asked Questions about the Global Market for Automated Storage and Retrieval Systems (ASRS)

What is the estimated value of the Global Market for Automated Storage and Retrieval Systems (ASRS)?

The Global Market for Automated Storage and Retrieval Systems (ASRS) was estimated to be valued at $6.8 Billion in 2020.

What is the growth rate of the Global Market for Automated Storage and Retrieval Systems (ASRS)?

The growth rate of the Global Market for Automated Storage and Retrieval Systems (ASRS) is 6.5%, with an estimated value of $9.9 Billion by 2026.

What is the forecasted size of the Global Market for Automated Storage and Retrieval Systems (ASRS)?

The Global Market for Automated Storage and Retrieval Systems (ASRS) is estimated to be worth $9.9 Billion by 2026.

Who are the key companies in the Global Market for Automated Storage and Retrieval Systems (ASRS)?

Key companies in the Global Market for Automated Storage and Retrieval Systems (ASRS) include Bastian Solutions, Inc., Beumer Maschinenfabrik GmbH & Co. KG, Daifuku, Dematic Group, Kardex, KNAPP AG, KUKA AG, Mecalux, S.A. and Schaefer Systems International, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bastian Solutions, Inc.
  • Daifuku
  • Dematic Group
  • Kardex
  • KNAPP AG
  • KUKA AG

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and a Looming Global Recession
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Industrial Activity to Remain Subdued in the Immediate Term
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Material Handling Equipment: An Integral Part of Supply Chain
  • An Introduction to Automated Storage and Retrieval Systems (ASRS)
  • Types of Automated Storage and Retrieval Technologies & Systems
  • Functions of AS/RS Systems
  • Applications of AS/RS Systems
  • Benefits of Using ASRS
  • Global ASRS Market: Need for Optimum Space Usage and Increased Supply Chain Efficiencies Drives Growth
  • ASRS Helping Western Businesses Reshore Manufacturing Operations for the Post-Pandemic World
  • Developing Economies to Spearhead Growth in ASRS Market
  • Competition
  • World Brands
  • Recent Market Activity
  • Automated Storage and Retrieval Systems (ASRS) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • ASRS System: The Mainstay of Automated Material Handling Logistics
  • Rising Demand Automated Material Handling Solutions to Favor Growth in AS/RS Market
  • Automated Storage & Retrieval System Enhances Quality and Efficiency of Warehousing Operations
  • Fully Automated Warehouses to Become More Common Post-COVID-19 Period
  • Significant Advantages of AS/RS Systems for Warehouse Automation
  • Warehouses and Distribution Centers Leverage ASRS in Various Applications
  • Factors Impacting the Cost of AS/RS Systems for Warehouses & Distribution Centers
  • Trend towards Industry 4.0 Drives Need for Automated Storage & Retrieval Systems
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • The Internet of Things Gains Prominence for Automated Storage & Retrieval Systems
  • Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2020, 2022 and 2025
  • Integration of MHE with Warehouse Management Systems to Improve Efficiency
  • Third Party Logistics (3PL): Expansion in Industrial Manufacturing, Retail and Wholesale Sectors to Drive Market Opportunities
  • Global 3PL Market Revenue Share by End-Use Sector (2020)
  • ASRS Systems for E-Commerce Industry: Strong Growth of E-Commerce Market to Boost Market Prospects
  • COVID-19 Drives Robust Growth in E-Commerce Sales: Potential for ASRS Market
  • Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
  • Global e-Commerce Sales as Percentage of Total Retail Sales (2015-2021E)
  • ASRS Emerges as a Vital Aspect of Warehouse and Distribution Automation in Food & Beverage Industry
  • Global Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018 and 2020E
  • Changing Conditions in Food & Beverage Industry Drive Adoption of ASRS Technology
  • Beverage Industry Adopts Automated Material Handling Technology
  • Transition of Material Handling Needs in Automobile Industry to Support AS/RS Implementations
  • Recovery in Automotive Industry Post COVID-19 to Steer Demand
  • World Automobile Production in Million Units: 2008-2022
  • Growing Prominence of Automated Storage & Retrieval Systems in Consumer Electronics Production Units
  • Global Electrical & Electronics Equipment Market Growth Outlook (In %) For Years 2019 Through 2025
  • ASRS for Healthcare Warehouse and Supply Chain: Ensuring Efficient Space Use and Managing Supplies
  • Automated Storage & Retrieval in Hospital Supply Chain
  • Rising Adoption of Automated Systems in Pharmaceutical Manufacturing Operations to Boost ASRS Market
  • Automated Storage & Retrieval Systems Continue to Make Gains in Laboratory Applications
  • Urbanization Ups the Need for Efficient Order Fulfilment Systems
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Goods-to-Robot Picking System: An Advancement in Order Fulfillment Automation
  • Unit Load Systems Seek Bigger Role
  • Vertical Lift Module Market: An Important Component of ASRS
  • AutoStore Contributes to Flexible Automation of Warehouses
  • Plastic Pallets Hold an Edge over Wooden Pallet in ASRS Systems
  • Plastic Pallets Emerge as Ideal Platforms for Automated Storage and Retrieval Systems
  • 3D Shuttle-Based Pallet ASRS: Addressing Needs of Space Constrained Distribution Facilities
  • Hybrid AMR and AS/RS Systems Emerge to Address Post Pandemic Industry Needs
  • Aging Workforce & Focus on Worker Safety Drives Demand for Automated ASRS Systems

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Post Pandemic World to Present Renewed Opportunities for Automated Material Handling Equipment
  • Automated Storage and Retrieval Systems Market Poised for Growth
  • Expanding E-Commerce Industry: Positive Prospects for Automated Systems
  • E-Commerce Retail Sales in the US as % of Total Retail Sales (2015-2021)

CANADA

  • Market Overview

JAPAN

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview

CHINA

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Material Handling Market in China: An Overview
  • China Remains at Forefront of Growth in the Material Handling Equipment Market
  • Infrastructure Investments Nurture Growth in Domestic MHE Market

EUROPE

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • An Overview of European Material Handling Market
  • Post Pandemic Period to Present Promising Opportunities for European MHE Market
  • Increasing Investments in Automating Processes Benefits Automated MHE Market

FRANCE

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Market Overview

ITALY

  • Market Overview

UNITED KINGDOM

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview & Outlook
  • E-Commerce and Food & Beverage Remain Key Applications

INDIA

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

BRAZIL


REST OF LATIN AMERICA

MIDDLE EAST

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Market Overview

AFRICA

  • Automated Storage and Retrieval Systems (ASRS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 104
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Bastian Solutions, Inc.
  • Beumer Maschinenfabrik GmbH & Co. KG
  • Daifuku
  • Dematic Group
  • Kardex
  • KNAPP AG
  • KUKA AG
  • Mecalux, S.A.
  • Murata Machinery
  • Schaefer Systems International, Inc.
  • System Logistics
  • TGW Logistics Group GmbH
  • Toyota Material Handling
  • Vanderlande Industries B.V.
Note: Product cover images may vary from those shown