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Pulished Date February, 2020
ID: 6757
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Automated Storage and Retrieval System Market segmentation by Type (Unit Load, Mini Load, VLM, Carousel, Mid Load, Auto Store), Function (Assembly, Kitting, Order Picking, Distribution, Storage), By Industry (Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals, Healthcare, Semiconductors & Electronics, Retail, Aviation, E-Commerce) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2025.

Pulished: February, 2020
ID: 6757
Pages: 175

Automated storage and retrieval system Market Overview:

The global automated storage and retrieval system market is predicted to grow from USD 7.6 billion in 2020 to USD 11.0 billion by 2024, expanding at a CAGR of 7.7% over the next few years.

Automated storage and retrieval systems (ASRS) are a serious a part of many warehouse automation systems that has the power to sort, sequence, buffer, and store a good range of products into virtually unlimited destinations. It is employed by a good range of industries and is a controllable system that utilizes load recovery to automatic positioning of products from predetermined storage locations. 

It mainly comprises of storage and retrieval machines, rack structure, conveyor interface, and warehouse system. ASRS features a wide selection of applications in warehouses and distribution centers like finished goods storage, goods to person picking, order fulfillment and lots of more. Aside from all this, it also assists in managing all the functions of automated equipment and tracking all load movements in and out of the system. 

Recent Developments:

Worthington Industries one of the leading global distributor of pressure tanks and cylinders for cryogenic applications, introduced RoboStor in India, an automatic cryogenic storage and retrieval system for sample storage and management.

Daifuku's Unit Load AS/RS continues to carry its place because of the world's best-selling AS/RS because of its unique features, which include high-density pallet storage, the power to succeed in a lift height of 40 meters, unprecedented versatility, and high operation speeds.

As I used to be recently performing on an Automatic Storage and Retrieval System (ASRS) project, it had the chance to reflect on what proportion the technology has changed in only the past few years.

Drivers and Restraints of Automated storage and retrieval system:

Drivers:

Rising interest for storage in developing plants, distributions centers and warehouses mainly contributes to the expansion of automated storage and retrieval systems (ASRS) market.

The growth in this market is encouraged by the increasing demand for ASRS within the automotive industry; optimum utilization of space and rise parturient costs; and improved accuracy, productivity, and efficiency in the supply chain, alongside better internal control. The rise of latest technologies like mid load and pallet shuttle, Improvement in supply chain efficiency and productivity and enhanced productivity of employees are driving the global automated storage and retrieval systems market.

Restraints:

On the opposite hand, the increasing danger of kit malfunction and necessity for enormous capital investment are limiting the expansion in this industry.

Automated storage and retrieval system Market Segmentation:

By Type:

  • Unit Load 
  • Mini Load 
  • Vertical Lift Module 
  • Carousel 
  • Mid Load 
  • Auto store

The marketplace for auto store ASRS is predicted to grow at the very best CAGR during the foreseen phase. An auto store system comprises four major components: a structural grid, delivery robots, storage bins, and an operator port. In case of a requirement, the system software and controls alert a robot to seek out the box containing the item. If the box is buried beneath other boxes, the robot stages the additional box on top of the grid until the specified box is retrieved. End users are trying to implement auto store ASRS to manage material flow, rise goods throughput, and provide real-time management information. Autostore, being the first innovative and modern sort of ASRS is predicted to grow at a rapid rate.

By Function

  • Storage 
  • Order Picking 
  • Distribution 
  • Assembly 
  • Kitting 
  • Others (Waste Handling, Security, and Replenishment) 

By Industry

  • Automotive 
  • Metals & Heavy Machinery 
  • Food & Beverages 
  • Chemicals 
  • Healthcare 
  • Semiconductors & Electronics 
  • Retail 
  • Aviation 
  • E-Commerce 
  • Others (Textile and Paper & Print) 

The retail industry is prophesied to grow at the very best CAGR during the foreseen years. Retail sector implements ASRS in huge megastores comprising a vast variety and quantity of products stored at one location. To efficiently handle the storing and retrieving of products from shelves to the consumer in minimum time, ASRS is used. It also monitors product expiry dates and inventory within the store. With the increasing focus of shops to enhance the shopping experience of its consumers, technology related to retail is progressing. Collection of data and analyzing help companies in retail to plan and have a competitive edge up this extensively competitive environment. Growing competition in retail due to the rise in online, e-commerce, and m-commerce platforms has led the owners of convenience and specialty stores to adopt innovative technologies. The implementation of ASRS offers access to companies to possess an efficient method of operations, optimum use of resources and profitable foreseen phase.

Automated storage and retrieval system Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The automated storage and retrieval system market in the Asia Pacific is predicted to grow at the very best CAGR during the foreseen phase. China and Japan are the nations driving the expansion of the ASRS market in APAC. The rapid climb of automotive, food & beverages, and healthcare in emerging economies like China, Japan, Australia, and South Korea has contributed to the expansion of the ASRS market in APAC. China may be a pivotal contributor to the development of the ASRS market in APAC due to its vast industrial and manufacturing sectors. It's also the fastest-growing marketplace for ASRS in APAC. The expansion of the electronics trade industry is projected to trigger the expansion of automated storage and retrieval systems within the region. Moreover, Asian-Pacific countries like China, Japan, Malaysia, Republic of Korea, Indonesia, and Taiwan have seen rising automation demand. Stronger regulation of employee safety and a requirement for greater accuracy and control of processes are the rationale for this unprecedented demand within the regional ASRS market.

Key Players of Market:

The Global Automated Storage and Retrieval System Market include some of the major players such as Daifuku Co. Ltd., SSI Schaefer Group, Murata Machinery, Knapp AG, TGW Logistics Group GmbH, Kardex Group, Swisslog Holding AG, Mecalux SA, Vanderlande Industries, System Logistics Corporation, and Bastian Solution

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Automated Storage and Retrieval System Market, By Type                   

                    6.1.1 Unit Load      

                    6.1.2 Mini Load      

                    6.1.3 VLM    

                    6.1.4 Carousel        

                    6.1.5 Mid Load       

                    6.1.6 Auto Store     

                    6.1.7 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.8 Y-o-Y Growth Rate Analysis         

                    6.1.9 Market Attractiveness Index         

          6.2 Automated Storage and Retrieval System Market, By Function             

                    6.2.1 Assembly       

                    6.2.2 Kitting 

                    6.2.3 Order Picking 

                    6.2.4 Distribution   

                    6.2.5 Storage

                    6.2.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.7 Y-o-Y Growth Rate Analysis         

                    6.2.8 Market Attractiveness Index         

          6.3 Automated Storage and Retrieval System Market, By Industry              

                    6.3.1 Automotive    

                    6.3.2 Metals & Heavy Machinery  

                    6.3.3 Food & Beverages     

                    6.3.4 Chemicals      

                    6.3.5 Healthcare     

                    6.3.6 Semiconductors & Electronics       

                    6.3.7 Retail  

                    6.3.8 Aviation         

                    6.3.9 E-Commerce  

                    6.3.10 Market Size Estimations & Forecasts (2019-2024)      

                    6.3.11 Y-o-Y Growth Rate Analysis       

                    6.3.12 Market Attractiveness Index       

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Function    

                    7.2.4 By Industry    

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Function    

                    7.3.4 By Industry    

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Function    

                    7.4.4 By Industry    

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Function    

                    7.5.4 By Industry    

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Function    

                    7.6.4 By Industry    

8. Key Player Analysis                           

          8.1 Daifuku Co. Ltd          

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 SSI Schaefer Group                

          8.3 Murata Machinery                 

          8.4 Knapp AG                   

          8.5 TGW Logistics Group GmbH            

          8.6 Kardex Group             

          8.7 Swisslog Holding AG             

          8.8 Mecalux SA                

          8.9 Vanderlande Industries                    

          8.10 Bastian Solution                  

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Composite type, by Industry along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automated Storage and Retrieval System Market By Region, From 2020-2025 ( USD Billion )
  2. Global Automated Storage and Retrieval System Market By Type, From 2020-2025 ( USD Billion )
  3. Global Unit Load Market By Region, From 2020-2025 ( USD Billion )
  4. Global Mini Load Market By Region, From 2020-2025 ( USD Billion )
  5. Global VLM Market By Region, From 2020-2025 ( USD Billion )
  6. Global Carousel Market By Region, From 2020-2025 ( USD Billion )
  7. Global Mid Load Market By Region, From 2020-2025 ( USD Billion )
  8. Global Auto Store Market By Region, From 2020-2025 ( USD Billion )
  9. Global Automated Storage and Retrieval System Market By Function, From 2020-2025 ( USD Billion )
  10. Global Assembly Market By Region, From 2020-2025 ( USD Billion )
  11. Global Kitting Market By Region, From 2020-2025 ( USD Billion )
  12. Global Order Picking Market By Region, From 2020-2025 ( USD Billion )
  13. Global Distribution Market By Region, From 2020-2025 ( USD Billion )
  14. Global Storage Market By Region, From 2020-2025 ( USD Billion )
  15. Global Automated Storage and Retrieval System Market By Industry, From 2020-2025 ( USD Billion )
  16. Global Automotive Market By Region, From 2020-2025 ( USD Billion )
  17. Global Metals & Heavy Machinery Market By Region, From 2020-2025 ( USD Billion )
  18. Global Food & Beverages Market By Region, From 2020-2025 ( USD Billion )
  19. Global Chemicals Market By Region, From 2020-2025 ( USD Billion )
  20. Global Healthcare Market By Region, From 2020-2025 ( USD Billion )
  21. Global Semiconductors & Electronics Market By Region, From 2020-2025 ( USD Billion )
  22. Global Retail Market By Region, From 2020-2025 ( USD Billion )
  23. Global Aviation Market By Region, From 2020-2025 ( USD Billion )
  24. Global E-Commerce Market By Region, From 2020-2025 ( USD Billion )

 

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