Automated storage and retrieval system (ASRS) is an automated system dedicated to material storage, handling, and retrieval when required. ASRS is divided into two parts; first part comprises a central computer with the human interface. The second part is the storage and retrieval machine. Attributes such as increased accuracy and quick operation are making industries across the world to adopt ASRS, thus boosting the growth of ASRS market.
Automated storage and retrieval system market is highly driven by the ever increasing requirement for effective material management system across industrial organizations. Manufacturing firms spend a fortune for accurate material storage, retrieval, and handling. However, human labor does not appropriately justify the time and money involved for material storage and retrieval. In order to overcome such issues, manufacturing units and warehouses are opting for automated storage and retrieval systems. Customization and flexibility are another major factors boosting the ASRS market growth. However, factors such as high installation costs and overall maintenance cost are few restraints which affect the ASRS market growth, as small plants cannot prefer for such costly automation.
Automated storage and retrieval system is divided, based on their types into unit load ASRS, mini-load ASRS, vertical lift module, carousel type ASRS and micro-load ASRS. ASRS is further segmented, on the basis of end-use industry, into automotive, food and beverages, chemicals, metals and machinery, electronics and semiconductors, e-commerce, third-party logistics and others. Others include aviation, textile, paper, and healthcare.
The report titled Automated Storage and Retrieval System- Growth, Future Prospects, Competitive Landscape and Forecast, 2022-2030 offers strategic insights into the global automated storage and retrieval market with focus on the market size and estimates for the duration 2020 to 2030 The said research study covers in-depth analysis of multiple market segments based on product types, end-use industry and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.
In order to help strategic decision makers, the report also includes competitive profiling of the leading automated storage and retrieval system manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report Daifuku Co. Ltd., Schaefer Holdings International GmbH, Murata Machinery Ltd., Mecalux S. A., Vanderlande Industries, Swisslog AG, Kardex AG, Beumer Group GmbH, Fives Group, Knapp Logistics Automation GmbH, TGW Logistic Group GmbH, KuKa System North America, Legris Industries, Wintron GmbH, Flexlink AB, Wynright, Viastore Systems, Electtric 80, Dearborn Mid-West Conveyor Co. and others.
Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the automated storage and retrieval system.
- Market drivers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Trailing 2-Year market size data (2020 - 2021)
- SRC (Segment-Region-Country) Analysis
Overall, the research study provides a holistic view of the global automated storage and retrieval system, offering market size and estimates for the period from 2022 to 2030, keeping in mind the above-mentioned factors.
By Type Segmentation:
Different types of ASRS are being used for various applications across different sectors for storage and material handling. Unit load ASRS is the most preferred system across different industrial sectors. Unit-load ASRS is designed to handle the pallet sized load and has the capacity to lift load above 2000 kg with exceptional accuracy. Industries including automotive, chemicals and metal and machinery prefer unit load ASRS for storing and retrieving of heavy loads. Unit load ASRS is designed to reach the highest point of storage where even forklifts are unable to retrieve materials. All these factors propose unit load ASRS as a prime choice of industries for heavy material storage and handling. Rise in aforesaid industries and increase in adoption of unit load ASRS would lead unit load ASRS to dominate this segment during the forecast.
Mini-load ASRS succeeds unit load ASRS in this segment as of 2020. This system is designed to handle small loads such as individual parts, tools, and supplies that are contained in bins or drawers in the storage system. Such a system is applicable where the availability of space is limited. Mini-load ASRS finds its application in small warehouses and distribution centers across different storage domains. Suitability for small spaces and low initial investments are making mini-load ASRS, the fastest growing in this segment in coming years.
By Industry Segmentation:
The ASRS is used across various applications such as a warehouse, E-commerce, third-party logistics, automotive, food, and beverages, along with consumer product manufacturing. The automotive sector is among the largest consumers of ASRS worldwide. In an automobile assembly unit, wide arrays of parts are assembled. This requires highly accurate and effective storage and retrieval system, failure of which may lead to delay in production and related losses. As a result, ASRS has become highly popular in the automotive industry, over a period of time. With steady anticipated growth across the automotive industry, the segment would continue dominating the market.
The overall demand for ASRS system is estimated to remain relatively steady in the electronics and semiconductor industry. Electronics and semiconductor manufacturing unit require a wide variety of components which are usually very delicate and small in sizes. Storing and retrieval of such parts through ASRS proves to be expensive for small production units. Consequently, deployment of ASRS system in electronics and semiconductors is still limited. Further, the E-commerce sector is estimated to witness strong growth during the forecast period. With the rapid proliferation in online shopping, the e-commerce sector is expected to continue demonstrating strong growth in the coming years. In order to carry smooth process, e-commerce companies are required to maintain an organized warehouse. Subsequently, rising e-commerce sector would substantially drive the demand for related to warehouse management systems such as ASRS.
Europe dominates the overall ASRS market as of 2020. Countries including the U.K., France, Germany and others have a heavy concentration of manufacturing units. Automotive, food and beverages, metals and machinery are the predominant industrial sectors in this region. Industries across this region are opting for automation of different processes of manufacturing including material storage and handling. Consequently, adoption for ASRS for material storage and retrieval by industries across this region is growing significantly.
Asia Pacific is estimated to emerge as the fastest growing region in the overall ASRS market. Significant growth in manufacturing units in countries including China, Japan, South Korea, India and some of the Southeast Asia countries has been observed in nascent time. The Strong presence of mass manufacturing and warehouses has inculcated firm requirement of organized material storage and retrieval system. Companies are adopting sophisticated techniques such as ASRS for efficient and organized material storage and retrieval system. Subsequently, demand for ASRS is exhibiting a significant growth in Asia Pacific market in terms of revenue.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automated Storage And Retrieval System (ASRS) market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Automated Storage And Retrieval System (ASRS) market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
- Unit-load
- Mini-load
- Vertical Lift Module
- Carousal
- Micro-load
Industry
- Automotive
- Food and Beverages
- Chemicals
- Electronic and Semiconductor
- Metal and Machinery
- E-Commerce
- Third-party Logistics
- Others
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Automated Storage And Retrieval System (ASRS) market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Automated Storage And Retrieval System (ASRS) market?
- Which is the largest regional market for Automated Storage And Retrieval System (ASRS) market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Automated Storage And Retrieval System (ASRS) market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Automated Storage And Retrieval System (ASRS) market worldwide?
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Table of Contents
Companies Mentioned
- Daifuku Co. Ltd.
- Schaefer Holdings International GmbH
- Murata Machinery Ltd.
- Mecalux S. A.
- Vanderlande Industries
- Swisslog AG
- Kardex AG
- Beumer Group GmbH
- Fives Group
- Knapp Logistics Automation GmbH
- TGW Logistic Group GmbH
- KuKa System North America
- Legris Industries
- Wintron GmbH
- Flexlink AB
- Wynright
- Viastore Systems
- Electtric 80
- Dearborn Mid-West Conveyor C.
