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North America Automated Storage and Retrieval System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type and End Users

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    Report

  • May 2021
  • Region: North America
  • The Insight Partners
  • ID: 5331789
The automated storage and retrieval system market in North America is expected to grow from US$ 617.60 million in 2020 to US$ 1025.38 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028. Increasing demand for efficient in supply chain across industries is also bolstering the growth of the industry. In this era of automation, the automated and programmed machineries play a vital role in reducing the associated cost and time and provide additional features of control, monitoring, and security. A supply chain is one of the key sources of competitive advantage for companies that drive growth in their businesses. Supply chain systems have gained wider and vital importance in the last few years, because of high competition in the product-based market. A strong supply chain ensures a proper balance between the supply and demand of the product in the market. Thus, various industry verticals such as automotive, food & beverages, electronic & semiconductors, e-commerce, chemicals, aerospace, retail, and pharmaceuticals are ensuring a strong supply chain for reaching out to their customers. ASRS supports the operational flow of the supply chain at the initial stage. ASRS is applied in slow and medium moving order fulfillment and inventory management applications, ensuring increased efficiency. Thus, rising demands for efficient supply chain implementations are driving the implementations of ASRS among industries., which is further driving the demand for automated storage and retrieval system.

Favorable government policies are boosting innovation and reinforcing the infrastructure capabilities. North America has the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region's economic development. At present, due to the COVID-19 outbreak, the US is the world's worst affected country, affecting the sudden stands across all the industries present in the region. It is becoming apparent with the COVID-19 pandemic spreading across the US that a few can escape its scope, presenting significant challenges to all industries. However, it has been observed that businesses have increased their online marketing initiatives and adopted other online strategies to attract old and new customers during the pandemic. For instance, according to studies, Amazon recorded an increase in sales by 37% owing to the COVID-19 pandemic. The close of all retail outlets by the government authorities coupled with the social distancing norms laid down by them is affecting the investments by retail outlets. For instance, the sales of online grocery segment across the US recorded an increase by 210.1% due to the outbreak of COVID-19. Thus, the shift in online shopping has boosted the commerce industry across the region. The automotive industry has been highly impacted by the pandemic. With major automotive manufacturing factories being placed in counties such as the US and Mexico have slowed down the production process across the region. For instance, Mexico, which is more reliant on exports to the US, witnessed a 90% drop in auto shipments. Thus, the above-mentioned factors are expected to have a negative impact on the automated storage and retrieval system market across the region owing to the pandemic.

The VLM segment led the automated storage and retrieval system market based on type in 2020. Vertical Lift Modules (VLM) are the next generation automated systems mainly used in industrial applications for sorting, storage, and retrieval of items for an operator in a warehouse. These systems play significant role in robotics, where these are used to guide the autonomous robots, also known as self-navigating robots. Various industries such as electronics, automotive, aerospace, F&B, pharmaceuticals, and electronics are concerned about reducing labor-intensive processes, increasing accuracy and speed for the task of storage, and retrieval of their products whenever required. With the use of VLMs, the process of picking, retrieval, and packing of products into shipping containers may be combined into one process. The fast reaction time and delivery of the desired item with a push of a button or by scanning a barcode has resulted in increased demand for VLMs. Further, the modular design of VLM also allows access to multiple floors in the building. Major industry sectors generating demand for VLMs are automotive, e-commerce, logistics, and pharmaceutical, among others. Moreover, air-conditioned or climate control functionality available in VLMs is one of the significant factors that is pushing the demand for VLMs., which ultimately drives the growth of the automated storage and retrieval system market.

The overall North America automated storage and retrieval system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the North America automated storage and retrieval system market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America automated storage and retrieval system market. SSI SCHAEFER GROUP, Swisslog Holding AG, System Logistics Spa, Bastian Solutions, Daifuku Co. Ltd, Kardex Group, KNAPP AG, Mecalux, S.A., Vanderlande Industries, Autocrib, and Incare are among the leading companies in the North America automated storage and retrieval system market.

Reasons to Buy

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  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Automated Storage and Retrieval Systems Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Demand for Optimized and Space Efficient Storage Systems
5.1.2 Increasing Demand for Efficient in Supply Chain across industries
5.1.3 Systematic Management of Redundant Warehouse Processes
5.2 Key Market Restraints
5.2.1 Requirement of High Initial Investment
5.3 Key Market Opportunities
5.3.1 Increasing Demand for Automation in the E-commerce Industry
5.3.2 Growth in demand for Cold Chain ASRS
5.4 Future Trends
5.4.1 Integration of Robotics
5.5 Impact Analysis of Drivers and Restraints
6. Automated Storage and Retrieval Systems Market - North America Analysis
6.1 Automated Storage and Retrieval Systems Market North America Overview
7. North America Automated Storage and Retrieval Systems Market Analysis - By Type
7.1 Overview
7.2 North America Automated Storage and Retrieval Systems Market Revenue Breakdown, By Type, 2020 & 2028
7.3 Unit Load ASRS
7.3.1 Overview
7.3.2 Unit Load ASRS: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
7.4 Mini Load ASRS
7.4.1 Overview
7.4.2 Mini Load ASRS: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
7.5 Vertical Lift Module
7.5.1 Overview
7.5.2 Vertical Lift Module: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
7.6 Vertical Carousels
7.6.1 Overview
7.6.2 Vertical Carousels: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
7.7 Horizontal Carousels
7.7.1 Overview
7.7.2 Horizontal Carousels: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
7.8 AutoStore
7.8.1 Overview
7.8.2 AutoStore: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
7.9 Others
7.9.1 Overview
7.9.2 Others: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
8. North America Automated Storage and retrieval system Market Analysis - By End-use Industry
8.1 Overview
8.2 North America Automated Storage and Retrieval Systems Market Breakdown, By End-use Industry, 2021 & 2028
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
8.4 Food & Beverages
8.4.1 Overview
8.4.2 Food & Beverages: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
8.5 Electronics & Semiconductor
8.5.1 Overview
8.5.2 Electronics & Semiconductor: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
8.6 E-Commerce
8.6.1 Overview
8.6.2 E-Commerce: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
8.7 Chemicals
8.7.1 Overview
8.7.2 Chemicals: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
8.8 Aerospace
8.8.1 Overview
8.8.2 Aerospace: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
8.9 Retail
8.9.1 Overview
8.9.2 Retail: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
8.10 Pharmaceuticals
8.10.1 Overview
8.10.2 Pharmaceuticals: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
8.11 Others
8.11.1 Overview
8.11.2 Others: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
9. North America Automated Storage and retrieval system Market - Country Analysis
9.1 Overview
9.1.1 North America Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 (US$ Mn)
9.1.2 North America Automated Storage and Retrieval Systems Market Breakdown, By Type
9.1.3 North America Automated Storage and Retrieval Systems Market Breakdown, By End Users
9.1.4 North America Automated Storage and Retrieval Systems Market Breakdown, by Country
9.1.4.1 US Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028
9.1.4.1.1 US Automated Storage and Retrieval Systems Market Breakdown, By Type
9.1.4.1.2 US Automated Storage and Retrieval Systems Market Breakdown, By End Users
9.1.4.2 Canada Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028
9.1.4.2.1 Canada Automated Storage and Retrieval Systems Market Breakdown, By Type
9.1.4.2.2 Canada Automated Storage and Retrieval Systems Market Breakdown, By End Users
9.1.4.3 Mexico Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028
9.1.4.3.1 Mexico Automated Storage and Retrieval Systems Market Breakdown, By Type
9.1.4.3.2 Mexico Automated Storage and Retrieval Systems Market Breakdown, By End Users
10. Impact of COVID-19 Pandemic on North America Automated Storage and Retrieval System Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. North America Automated Storage and Retrieval System Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 SSI SCHAEFER GROUP
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Swisslog Holding AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 System Logistics Spa
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Bastian Solutions
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Daifuku Co. Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Kardex Group
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 KNAPP AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Mecalux, S.A.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Vanderlande Industries
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Autocrib, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
List of Tables
Table 1. North America Automated Storage and Retrieval Systems Market - Revenue and Forecast to 2028 (US$ Mn)
Table 2. North America Automated Storage and Retrieval System Market, Volume and Forecast To 2028 (Units)
Table 3. North America Automated Storage and Retrieval System Market, Revenue and Forecast To 2028 - By Type (US$ Mn)
Table 4. North America Automated Storage and Retrieval System Market, Volume and Forecast To 2028 - By Type, Units
Table 5. North America Automated Storage and Retrieval System Market, Revenue and Forecast To 2028 - By End Users (US$ Mn)
Table 6. North America Automated Storage and Retrieval System Market, Revenue and Forecast To 2028 - By Country (US$ Mn)
Table 7. US Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 - By Type (US$ Mn)
Table 8. US Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 - By End Users (US$ Mn)
Table 9. Canada Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 - By Type (US$ Mn)
Table 10. Canada Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 - By End Users (US$ Mn)
Table 11. Mexico Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 - By Type (US$ Mn)
Table 12. Mexico Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 - By End Users (US$ Mn)
Table 13. Glossary of Term: Automated Storage and Retrieval Systems Market
List of Figures
Figure 1. North America Automated Storage and Retrieval Systems Market Segmentation
Figure 2. North America Automated Storage and Retrieval Systems Market Segmentation - By Country
Figure 3. North America Automated Storage and Retrieval Systems Market Overview
Figure 4. North America Automated Storage and Retrieval Systems Market, by Country
Figure 5. North America Automated Storage and Retrieval Systems Market, By Type
Figure 6. North America - PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Automated Storage and Retrieval Systems Market Impact Analysis of Drivers and Restraints
Figure 9. North America Automated Storage and Retrieval Systems Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 10. Automated Storage and Retrieval Systems Market Revenue Breakdown, By Type, 2021 & 2028 (%)
Figure 11. Unit Load ASRS: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. Mini Load ASRS: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Vertical Lift Module: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Vertical Carousels: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. Horizontal Carousels: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. AutoStore: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Others: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Automated Storage and Retrieval Systems Market Breakdown, By End-use Industry, 2020 & 2028 (%)
Figure 19. Automotive: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Food & Beverages: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Electronics & Semiconductor: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028(US$ Mn)
Figure 22. E-Commerce: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028 (US$ Mn)
Figure 23. Chemicals: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028 (US$ Mn)
Figure 24. Aerospace: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028(US$ Mn)
Figure 25. Retail l: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028 (US$ Mn)
Figure 26. Pharmaceuticals: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028 (US$ Mn)
Figure 27. Others: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028 (US$ Mn)
Figure 28. North America: Automated Storage and Retrieval System Market by Key Country - Revenue (2028) (USD Million)
Figure 29. North America Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. North America Automated Storage and Retrieval Systems Market Breakdown, By Type, 2020 & 2028 (%)
Figure 31. North America Automated Storage and Retrieval Systems Market Breakdown, By End Users, 2020 & 2028 (%)
Figure 32. North America Automated Storage and Retrieval Systems Market Breakdown, by Country, 2020 & 2028 (%)
Figure 33. US Automated Storage and Retrieval System Market, Revenue and Forecast, 2018-2028 (US$ Mn)
Figure 34. Canada Automated Storage and Retrieval System Market, Revenue and Forecast, 2018-2028 (US$ Mn)
Figure 35. Mexico Automated Storage and Retrieval System Market, Revenue and Forecast, 2018-2028 (US$ Mn)
Figure 36. Impact of COVID-19 Pandemic in North American Country Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

The List of Companies - North America Automated Storage and Retrieval System Market
  • SSI SCHAEFER GROUP
  • Swisslog Holding AG
  • System Logistics Spa
  • Bastian Solutions
  • Daifuku Co. Ltd
  • Kardex Group
  • KNAPP AG
  • Mecalux, S.A.
  • Vanderlande Industries
  • Autocrib, Inc

Table Information