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Automated Storage and Retrieval System (ASRS) Market

Automated Storage and Retrieval System (ASRS) Market Size, Share & Segment by type (Unit Load, Mid Load, Mini Load, Carousel, VLM) by Industry (Metals & Heavy Machinery, Semiconductor & Electronics, Food & Beverages, Chemicals, Automotive, Healthcare, Retail, Aviation, E-commerce, Others), by Regions and Global Forecast 2022-2028

Report Id: SNS/SEMI/1881 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The  Automated Storage and Retrieval System (ASRS) Market Size was valued at USD 7.81 billion in 2021, and is expected to reach USD 12.78 billion by 2028, and grow at a CAGR of 7.3% over the forecast period 2022-2028.

Automatic storage and retrieval systems are commonly used in inventory facilities, distribution centers, and warehouses. They incorporate a variety of computer-controlled automated storage systems and carry loads from one location to another. These systems are used when high volume loads will be transported from one location to another, as they help provide faster, more accurate, more reliable, and less expensive solutions.

Automated Storage and Retrieval System (ASRS) Market

MARKET DYNAMICS:

KEY DRIVERS:

  • ASRS demand is increasing in the e-commerce industry as a result of COVID-19.

  • Improved supply chain accuracy, productivity, and efficiency with improved inventory management using ASRS.

  • ASRS is becoming increasingly popular in the automotive industry.

RESTRAINTS:

  • Due to COVID-19, there is a shortage of skilled labour and technical expertise to manage system operations.

  • Large initial investments are required.

OPPORTUNITIES:

  • In Asia Pacific, there is a growing demand for cold chain systems.

CHALLENGES:

  • Offering industries flexible and scalable ASRS solutions.

  • Technical issues causing operational difficulties and increasing downtime.

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.  The outbreak of COVID-19 has caused major changes around the world. Overall efforts to embrace the spread of the epidemic have changed daily customers' tendencies, usage patterns, and perceptions, which have given rise to domestic economic growth and improvements in internet management. The epidemic is rapidly changing consumer behavior on online channels. The online interest has expanded to a variety of classes, including basic, food and beverage, and drug, which are transmitted through non-communicative organizations. This has inspired the online, automotive, food and beverage businesses. The interest in storage has grown as a result of the online application for a few items. A few international organizations set up new shares in various countries to commit this expanded interest. Web-based goliaths, such as Amazon, Alibaba, and eBay, are boosting ASRS 'warehouse interest as they continue to set up new stock rooms around the world. The extended number of stocks requires the establishment of an MCQ for automatic storage and a retrieval system for formal stock management, recording, and acquisition management. Since COVID-19 hit the market in mid-2020 with the result of lockdown in various countries, there has been a general trend of interest in various businesses.

By Type, the Automated Storage and Retrieval System (ASRS) Market is segmented into Unit Load, Mid Load, Mini Load, Carousel and VLM. The ASRS unit load is used to store large-sized articles and provides real-time information on the list of words making them the most preferred type in a few industries compared to other ASRS variants. In addition, the ASRS unit load is an ASRS heavy load that enables accurate, efficient, secure and stable handling of full pallets. A diverse range of applications for consumer goods, automotive, electronics, food and beverages, pharmaceuticals, and retail industries also contribute to market growth.

By Industry, the Automated Storage and Retrieval System (ASRS) Market is segmented into Metals & Heavy Machinery, Semiconductor & Electronics, Food & Beverages, Chemicals, Automotive, Healthcare, Retail, Aviation, E-commerce and Others. The shift in demand for electric vehicles and autonomus vehicle has prompted car manufacturers to increase automotive production, which requires more spare parts for automotive. Vehicle suppliers should successfully manage large quantities of goods and variety and stock range. Also, these providers need to upgrade storage capacity within the available floor space. Therefore, automated storage and retrieval systems are increasingly being used to meet the requirements related to resource management.

COMPETITIVE LANDSCAPE:

The key players in the Automated Storage and Retrieval System (ASRS) Market are Kardex, SSI Schaefer, KION, Daifuku, Murata Machinery, TGW Logistics, KUKA, Knapp, Vanderlande Industries, Bastian Solution, Dematic, Swisslog Holding, Mecalux, System Logistics Corporation, Beumer Group and Others.

MARKET SEGMENTATION:

BY TYPE

  • Unit Load

  • Mid Load

  • Mini Load

  • Carousel

  • VLM

BY INDUSTRY

  • Metals & Heavy Machinery

  • Semiconductor & Electronics

  • Food & Beverages

  • Chemicals

  • Automotive

  • Healthcare

  • Retail

  • Aviation

  • E-commerce

  • Others

Automated Storage and Retrieval System (ASRS) Market

REGIONAL ANALYSIS:

The presence of a large number of key players in the region, as well as a large number of customers, is among the major factors driving the ASRS market in Europe. The region has the highest operating costs; therefore, manufacturers in European countries have been using automated solutions to reduce overall operating costs. Utilizing these solutions helps producers maintain a competitive edge by facilitating the effective management of all inventory operations. In addition, the presence of large corporations with a global supply chain and distribution function, as well as the continued growth of the e-commerce sector drive ASRS market growth in Europe.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Automated Storage and Retrieval System (ASRS) Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 7.81 Billion
Market Size by 2028 US$ 12.78 Billion
CAGR CAGR of 7.3% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by type (Unit Load, Mid Load, Mini Load, Carousel, VLM)
• by Industry (Metals & Heavy Machinery, Semiconductor & Electronics, Food & Beverages, Chemicals, Automotive, Healthcare, Retail, Aviation, E-commerce, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Kardex, SSI Schaefer, KION, Daifuku, Murata Machinery, TGW Logistics, KUKA, Knapp, Vanderlande Industries, Bastian Solution, Dematic, Swisslog Holding, Mecalux, System Logistics Corporation, Beumer Group and Others.
Key Drivers • ASRS demand is increasing in the e-commerce industry as a result of COVID-19.
• Improved supply chain accuracy, productivity, and efficiency with improved inventory management using ASRS.
• ASRS is becoming increasingly popular in the automotive industry.
Restraints • Due to COVID-19, there is a shortage of skilled labour and technical expertise to manage system operations.
• Large initial investments are required.


Frequently Asked Questions (FAQ) :

The market value will be expected to reach USD 12.78 billion by 2028, and grow at a CAGR of 7.3% over the forecast period 2022-2028.

The market has been segmented with respect to type and industry.

Offering industries flexible and scalable ASRS solutions, Technical issues causing operational difficulties and increasing downtime.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Automated Storage and Retrieval System (ASRS) Market Segmentation, by type

8.1Introduction

8.2 Unit Load

8.3 Mid Load

8.4 Mini Load

8.5 Carousel

8.6 VLM

 

9. Automated Storage and Retrieval System (ASRS) Market Segmentation, by Industry

9.1 Introduction

9.2 Metals & Heavy Machinery

9.3 Semiconductor & Electronics

9.4 Food & Beverages

9.5 Chemicals

9.6 Automotive

9.7 Healthcare

9.8 Retail

9.9 Aviation

9.10 E-commerce

9.11 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11.Company Profiles

11.1 SSI Schaefer

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Kardex

11.3 KION

11.4 Daifuku

11.6 Murata Machinery

11.7 TGW Logistics

11.8 KUKA

11.9 Knapp

11.10 Vanderlande Industries

11.11 Bastian Solution

11.12 Dematic

11.13 Swisslog Holding

11.14 Mecalux

11.15 System Logistics Corporation

11.16 Beumer Group

11.18 Others

 

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13.Conclusion

 

 

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Secondary Research

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