Automated Storage and Retrieval System Market

The Automated Storage and Retrieval System Market size was valued at USD 6,900 Million in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 8% during the forecast period.

Automated Storage and Retrieval System Market Overview

Automated Storage and Retrieval System (ASRS) is a type or genre of warehouse automation technology comprising of a variety of computer-controlled systems that can automatically place and retrieve loads from defined storage locations in a facility with accuracy and speed. ASRS technology includes unit modules, cranes, carousels, vertical lift modules (VLMs), mini-loads, or other systems. It is often combined with warehouse execution software (WES), warehouse management software (WMS), or other controls. The ASRS is mainly used to move a large volume of loads into or out of the storage place.

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Major Automated Storage and Retrieval System Market Drivers

The major factors contributing to the growth of the global Automated Storage and Retrieval System (ASRS) market include the growing demand for automated storage and retrieval system in the automotive industry, increasing demand for optimum utilization of space, rising labor costs, and growing requirement for enhancing productivity, precisions, accuracy, and efficiency in the supply chain. The ASRS system is highly useful in warehouse applications as it saves an ample floor space, which is an essential factor in warehouse operations. The accelerating adoption of automated storage and retrieval system across the industry is also driven by the increasing emphasis on improving safety of the workplace and reducing injury or accidents of workers. Moreover, industries are focussing on increasing revenue by achieving higher efficiency and cost reduction in the overall operation, which is promoting the adoption of automated storage and retrieval system. On the other end of the spectrum, the high initial capital investment and lack of skilled workforce are the two major factors restraining the growth of the global automated storage and retrieval system market.

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Based on the type, the autostore segment is expected to grow at a higher CAGR during the forecast period. An autostore system includes four major components: a structural grid, delivery robots, storage bins, and an operator port. In autostore system, the products are stored in a packed bin within a thick aluminum grid. When a specific product is required, the software send a message to a robot to find the bin containing the required product. In case the required product bin is beneath other bins, the robot stages the extra bins on top of the grid until the desired bin is retrieved, and then it takes that bin to the edge of the grid and sends it to the operator. The end-users are adopting the autostore automated storage and retrieval system to manage material flow, enhance product throughput, and provides real-time management data.

Based on the function, the storage segment is projected to grow at a higher CAGR during the forecast period as it is the most basic function of the automated storage and retrieval system and helps in improving the storage capacity of the manufacturing plant and distribution center. In addition to this, it is widely used across industries, such as automotive, healthcare, food & beverages, chemical, and other industries, which is further propelling the growth of the market. ASRS is used to store and retrieve inventory as per the requirement. Various industries have their warehouses that are filled with end products or raw materials that are required to be stored safely and securely in an organized manner and retrieved quickly based on end-user demand. ASRS is used for facilitating the function of storing inventories across the industries, which is also fuelling the growth of the market.

Based on the industry, the retail segment is anticipated to lead the market during the forecast period. Various retail industries are implementing ASRS in massive megastores, including a vast variety and quantity of goods stored at a single location. The companies use ASRS to store and retrieve goods from shelves and deliver to the customer in minimum time. It also monitors product inventory and the expiry date of the products kept in the store. The increasing technological advancement associated with retail driven by the increasing focus of the retailer to enhance the customer experience is further paying way to strengthen the growth of the segment. The increasing number of e-commerce and m-commerce platforms is bringing competition in the retail industry. The implementation of ASRS enables companies to have an effective method of operation, maximizes the use of resources, and provides profitable predicting, which will fuel the market during the forecast period.

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Regional – Segment Analysis

Based on the region, Europe is projected to lead the market over the forecast period attributed to the presence of a large number of key players, coupled with a broad consumer base in this region. The automotive industry in Germany is one of the biggest industries across the globe. The leading players in the automotive industry are heavily investing in automated material handling equipment, thereby boosting the demand of the market. The rising installations of automated equipment in this region due to diversification of the distribution channels in industries such as automotive, food & beverages, and healthcare are boosting the growth of the market in this region. In addition to this, the rising labor cost and decreasing implementing cost of automation in Europe are further fuelling the growth of the market.

Top Market Players

Various notable players in the Automated Storage and Retrieval System (ASRS) market include Daifuku Co., Ltd., Kardex Group, Murata Machinery, Ltd., SSI Schaefer Systems International, Inc., TGW Logistics Group, Bastian Solutions, BEUMER Group GmbH & Co. KG, Dematic,     KNAPP AG, Mecalux, S.A.,                Swisslog Holding AG, System Logistics Corporation, Vanderlande Industries, and among others.

Key Developments:

• • In Mar 2019, Rusta, a retail chain company, entered into a contract with Swisslog to expand its central warehouse in Norrköping, Sweden. Under this contract, Swisslog will deliver 57,000 pallet locations provided by 8 Vectura high-bay cranes and an accompanying ProMove conveyor system along with SynQ software and service.
  • In Oct 2018, Daifuku and Fast Retailing entered into a strategic partnership and signed an agreement. Under this partnership, both the companies will work towards business expansion for both companies over the long term, and the provision of a sustained and stable logistics function. Fast Retailing and Daifuku will use their respective wealth of knowledge and experience to modernize and enhance logistics systems.
  • In Oct 2018, Murata Machinery acquired Horibe Machinery, a machine tools manufacturer. This acquisition will strengthen their core competencies and enable them to provide unique production systems that fulfil their customers’ demand for further improvement of productivity.

Segments covered in the Report:

The Global Automated Storage and Retrieval System (ASRS) market has been segmented based on the type, function, industry, and region. Based on the type, the market is segmented into the unit load, mini load, vertical lift module, carousel, mid load, and autostore. Based on Carousel, the market is further segmented into a vertical carousel, and horizontal carousel. Based on function, the market is segmented into storage, order picking, distribution, assembly, kitting, and others. Based on industry, the market is automotive, metals & heavy machinery, food & beverages, chemicals, healthcare, semiconductors & electronics, retail, aviation, e-commerce, and others.

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Key questions answered in this research report:

• • At what pace is the global Automated Storage and Retrieval System (ASRS) market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the global Automated Storage and Retrieval System (ASRS) market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Automated Storage and Retrieval System (ASRS) market?
  • What are the various industries of the global Automated Storage and Retrieval System (ASRS) market, and how they are poised to grow?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Automated Storage and Retrieval System (ASRS) Market by Type          

• • Unit Load
  • Mini Load
  • Vertical Lift Module
  • Carousel
    • Vertical Carousel
    • Horizontal Carousel
  • Mid Load
  • Autostore

Global Automated Storage and Retrieval System (ASRS) Market by Function

• • Storage
  • Order Picking
  • Distribution
  • Assembly
  • Kitting
  • Others

Global Automated Storage and Retrieval System (ASRS) Market by Industry

• • Automotive
  • Metals & Heavy Machinery
  • Food & Beverages
  • Chemicals
  • Healthcare
  • Semiconductors & Electronics
  • Retail
  • Aviation
  • E-Commerce
  • Others

Global Automated Storage and Retrieval System (ASRS) Market by Region

• • North America Automated Storage and Retrieval System (ASRS) Market (Option 1: As a part of the free 25% customization)

• • • North America Automated Storage and Retrieval System (ASRS) Market By Type
    • North America Automated Storage and Retrieval System (ASRS) Market By Function
    • North America Automated Storage and Retrieval System (ASRS) Market By Industry
    • US Automated Storage and Retrieval System (ASRS) Market All-Up
    • Canada Automated Storage and Retrieval System (ASRS) Market All-Up

• • Europe Automated Storage and Retrieval System (ASRS) Market (Option 2: As a part of the free 25% customization)

• • • Europe Automated Storage and Retrieval System (ASRS) Market By Type
    • Europe Automated Storage and Retrieval System (ASRS) Market By Function
    • Europe Automated Storage and Retrieval System (ASRS) Market By Industry
    • UK Automated Storage and Retrieval System (ASRS) Market All-Up
    • Germany All-Up Automated Storage and Retrieval System (ASRS) Market All-Up
    • France Automated Storage and Retrieval System (ASRS) Market All-Up
    • Spain Automated Storage and Retrieval System (ASRS) Market All-Up
    • Rest of Europe Automated Storage and Retrieval System (ASRS) Market All-Up

• • Asia-Pacific Automated Storage and Retrieval System (ASRS) Market (Option 3: As a part of the free 25% customization)

• • • Asia-Pacific Automated Storage and Retrieval System (ASRS) Market By Type
    • Asia-Pacific Automated Storage and Retrieval System (ASRS) Market By Function
    • Asia-Pacific Automated Storage and Retrieval System (ASRS) Market By Industry
    • China Automated Storage and Retrieval System (ASRS) Market All-Up
    • India Automated Storage and Retrieval System (ASRS) Market All-Up
    • Japan Automated Storage and Retrieval System (ASRS) Market All-Up
    • Rest of APAC Automated Storage and Retrieval System (ASRS) Market All-Up

• • ROW Automated Storage and Retrieval System (ASRS) Market (Option 4: As a part of the free 25% customization)

• • • ROW Automated Storage and Retrieval System (ASRS) Market By Type
    • ROW Automated Storage and Retrieval System (ASRS) Market By Function
    • ROW Automated Storage and Retrieval System (ASRS) Market By Industry
    • Brazil Automated Storage and Retrieval System (ASRS) Market All-Up
    • South Africa Automated Storage and Retrieval System (ASRS) Market All-Up
    • Saudi Arabia Automated Storage and Retrieval System (ASRS) Market All-Up
    • UAE Automated Storage and Retrieval System (ASRS) Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Automated Storage and Retrieval System (ASRS) Market All-Up

Major Players Operating the Automated Storage and Retrieval System (ASRS) (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Daifuku Co., Ltd.
  • Kardex Group
  • Murata Machinery, Ltd.
  • SSI Schaefer Systems International, Inc.
  • TGW Logistics Group
  • Bastian Solutions
  • BEUMER Group GmbH & Co. KG
  • Dematic
  • KNAPP AG
  • Mecalux, S.A.
  • Swisslog Holding AG
  • System Logistics Corporation
  • Vanderlande Industries