Automated storage and retrieval systems (ASRS) are computer-controlled systems that store and retrieve products from inventory or production line. These systems are a type of warehouse automation technology that are designed for high volume of loads to be moved into and out of storage. They are operated from workstation and are widely used in the production and distribution facilities to gain high precision, accuracy, and speed for inventory/warehouse management. These systems are capable to handle a variety of loading units such as pallets, containers, boxes, and others. Thus, industries adopt these computerized robotic systems to automate operations such as unloading, sorting, put-away, storage, order-picking, staging, and loading. In addition, ASRS has four major components - storage racks, input/output system, storage and retrieval (S/R) equipment, and computer management system.
It is often integrated with a warehouse execution software (WES), warehouse management software (WMS), or other controls. There is a significant improvement in the efficiency of transportation, storage, and retrieval of materials as these systems help in delivery of materials safely to the desired destination at the right time and at a minimized cost. For instance, automated guided vehicles use embedded floor wires to direct driverless vehicles to various locations in the plant.
The automated storage and retrieval system market is segmented into type, function, industry vertical, and region. On the basis of type, it is classified into autostore, carousel, mid load, mini load, unit load, and vertical lift module. On the basis of function, it is divided into on- assembly, distribution, kitting, order picking, storage, and others. By industry vertical, it is segregated into aviation, automotive, chemicals, retail & e-commerce, food & beverages, healthcare, metals & heavy machinery, semiconductors & electronics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the automated storage and retrieval system market include Bastian Solutions, Inc., Beumer Group, Daifuku Co., Ltd., Dematic, Honeywell Intelligrated, Kardex Group, KNAPP AG, Murata Machinery, Ltd., SSI Schaefer Group, and TGW Logistics Group. These major players have adopted various key development strategies such as business expansion, new product launches, and others, which helps drive the growth of the global automated storage and retrieval system market.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
BY Type
BY Function
BY Industry Vertical
By Region
KEY MARKET PLAYERS
It is often integrated with a warehouse execution software (WES), warehouse management software (WMS), or other controls. There is a significant improvement in the efficiency of transportation, storage, and retrieval of materials as these systems help in delivery of materials safely to the desired destination at the right time and at a minimized cost. For instance, automated guided vehicles use embedded floor wires to direct driverless vehicles to various locations in the plant.
The automated storage and retrieval system market is segmented into type, function, industry vertical, and region. On the basis of type, it is classified into autostore, carousel, mid load, mini load, unit load, and vertical lift module. On the basis of function, it is divided into on- assembly, distribution, kitting, order picking, storage, and others. By industry vertical, it is segregated into aviation, automotive, chemicals, retail & e-commerce, food & beverages, healthcare, metals & heavy machinery, semiconductors & electronics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the automated storage and retrieval system market include Bastian Solutions, Inc., Beumer Group, Daifuku Co., Ltd., Dematic, Honeywell Intelligrated, Kardex Group, KNAPP AG, Murata Machinery, Ltd., SSI Schaefer Group, and TGW Logistics Group. These major players have adopted various key development strategies such as business expansion, new product launches, and others, which helps drive the growth of the global automated storage and retrieval system market.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the current & future trends of the market to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the global automated storage and retrieval system market share is provided.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the automated storage and retrieval system industry.
- The quantitative analysis of the market from 2019 to 2027 is provided to determine the global automated storage and retrieval system market potential.
KEY MARKET SEGMENTS
BY Type
- Autostore
- Carousel
- Mid Load
- Mini Load
- Unit Load
- Vertical Lift Module
BY Function
- Assembly
- Distribution
- Kitting
- Order Picking
- Storage
- Others
BY Industry Vertical
- Aviation
- Automotive
- Chemicals
- Retail & E-Commerce
- Food & Beverages
- Healthcare & Pharmaceuticals
- Metals & Heavy Machinery
- Semiconductors & Electronics
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- Bastian Solutions, Inc.
- Beumer Group
- Daifuku Co., Ltd.
- Dematic
- Honeywell Intelligrated
- Kardex Group
- KNAPP AG
- Murata Machinery, Ltd.
- SSI Schaefer Group
- TGW Logistics Group
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Automated Storage and Retrieval System Market, by Type
Chapter 5: Automated Storage and Retrieval System Market, by Function
Chapter 6: Automated Storage and Retrieval System Market, by Industry Vertical
Chapter 7: Automated Storage and Retrieval System Market, by Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profiles
Executive Summary
According to the report titled, 'Automated Storage and Retrieval Systems Market by Type, Function, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2027' the automated storage and retrieval systems market size was valued at $7,351 million in 2019, and is projected to reach $12,928 million by 2027, growing at a CAGR of 7.2% from 2020 to 2027.Automated storage and retrieval systems are computer-controlled systems that assist in delivering materials safely to the desired destination at the right time and at a minimized cost.. These systems improve the efficiency of transportation, storage, and retrieval of materials. The market is mainly driven by technological advancements in areas such as robotics, wireless technologies, and driverless vehicles; rise in need for automation in industries; and increased industrial production in emerging nations such as China, India, and Brazil. However, high initial capital investment limits the growth of the automated storage and retrieval systems market to a certain extent.
Moreover, the automated storage and retrieval systems market is analyzed with respect to various system types provided, such as unit load storage and retrieval system and bulk load storage and retrieval system. This is because these material handling systems are cost-effective and can handle several items simultaneously, thereby reducing the number of trips and time required for loading and unloading.
Furthermore, Europe dominates the automated storage and retrieval systems market growth in terms of revenue generation, attributed to heavy adoption among the automotive and e-commerce industry, followed by North America. Recent growth in automotive production in Europe as well as government regulations for cleanliness and hygiene in food & beverage industry fuel the installation of automated systems. Prominent players such as Kion Group AG, Kuka AG, and others are developing unit load automated guided vehicle with increased load capacity, safety, better space utilization, and high-efficiency permanent batteries. However, Asia-Pacific and LAMEA are expected to witness potential growth owing to rise in automotive production and modernization of facilities such as manufacturing plants.
Major players in this market focus on the development of affordable, small, compact, and energy-efficient storage, and retrieval solutions to reach a wider customer base. For instance, System Logistics S.p.A. in 2020, achieved significant optimization in its Tosano Supermercati client’s entire storage, palletization & shipment operations, reduced working times, and improved the working conditions of the operators in a hostile environment.
Key Findings of the Study:
By type, the unit load segment dominated the automated storage and retrieval systems market. However, the mini load segment is expected to exhibit significant growth during the forecast period in the automated storage and retrieval systems industry.
By function, the storage segment dominated the automated storage and retrieval systems market share in 2019. However, the distribution segment is expected to exhibit significant growth during the forecast period.
By industry vertical, the automotive sector generated the highest revenue in 2019. However, the food & beverages sector is expected to witness a considerable growth in the near future.
By region, Asia-Pacific market trends is expected to witness significant growth in terms of CAGR in the coming years.
Some of the key market players profiled in the automated storage and retrieval systems market analysis include Bastian Solutions, Inc., Beumer Group, Daifuku Co., Ltd., Dematic, Honeywell Intelligrated, Kardex Group, KNAPP AG, Murata Machinery, Ltd., SSI Schaefer Group, and TGW Logistics Group. Among which Dematic accounts for the highest share in the automated storage and retrieval system market, based on its innovative solution and services as well as numerous developmental strategies adopted by the company to sustain the intense competition and improve its product portfolio. With increase in e-commerce across the globe, major players have collaborated their product portfolio to provide differentiated and innovative products. This study includes market analysis, trends, and future estimations to determine the imminent investment pockets.
Companies Mentioned
- Bastian Solutions Inc.
- Beumer Group
- Daifuku Co. Ltd.
- Dematic
- Honeywell Intelligrated
- Kardex Group
- KNAPP AG
- Murata Machinery Ltd.
- SSI Schaefer Group
- TGW Logistics Group.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
