Global automatic storage system Market Overview:
Automated storage system consist of a variety of computer-controlled systems that robotically place to set storage locations in a facility with precision, accuracy, and speed. It is typically used for lighter loads (less than 1,000 pounds). It arranges the loads in such a way that takes less storage space. For countless companies, ASS is vital, especially when the requirement of more storage capacity is needed and the available surface cannot be stretched. It also helps companies substantial savings, when the property is expensive. Space optimization, personal safety, quality assurance, and fast operation with accuracy, among others are some of the factors that attract various industries to invest in the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Optimal Consumption of Storage and Saving of Labour Costs
- Rising Demand for ASS in Ecommerce
Roadblocks
- Large Initial Investment Required
- Lack of Skilled Workforce amid Covid-19 to Manage System Operations
Opportunities
- Rising Demand for Cold Chain System in the Asia Pacific
Challenges
- Technical faults causing hindrance in operation and increasing downtime
Competitive Landscape:
Global automatic storage system is a fragmented market due to the presence of various players. The players are focusing more on product improvement. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Daifuku (Japan), Kardex (Switzerland), Murata Machinery (Japan), SSI Schaefer (Germany), TGW Logistics (Austria), KION (Germany), KUKA (Germany), Kardex Group (Switzerland), Toyota Industries (Japan), Beumer Group (Germany), KNAPP AG (Austria), Mecalux (Spain), System Logistics S.p.A. (Italy), Vanderlande (Netherlands) and Honeywell International (United States). Additionally, following companies can also be profiled that are part of our coverage like Automation Logistic Corporation (United States), Hänel Storage Systems (United States), IHI Corporation (Japan), MIAS (Germany), SencorpWhite, Inc (United States), Westfalia Technologies, Inc. (United States), Invata Intralogistics (United States), Viastore Systems (Germany), Ferretto Group S.p.a. (Italy), WITRON (Germany), Vidmar (United States) and AutoCrib (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global automatic storage system market by 2027. Considering Market by Industry Vertical, the sub-segment i.e. Automotive will boost the automatic storage system market. Considering Market by Functions, the sub-segment i.e. Storage will boost the automatic storage system market. Considering Market by Offering, the sub-segment i.e. Hardware will boost the automatic storage system market.
Latest Market Insights:
In May 2020, Kardex had acquired the majority share in the Dutch company Robomotive. Robomotive's unique selling point was mimicking the adaptive eye-hand coordination of humans with the help of robots, 3D cameras, grippers, and smart software algorithms. With this investment, Kardex is expanding its range of services in the field of order picking.
In July 2020, Murata Machinery, Ltd. signed a contract with Alpen Co., Ltd. for the construction of Japan’s first 3D robot warehousing system, ALPHABOT. ALPHABOT was scheduled to go into operation in July 2021. It reduced picking, sorting and packaging operations by approximately 60%.
What Can be Explored with the automatic storage system Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global automatic storage system Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in automatic storage system
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global automatic storage system market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in automatic storage system market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes ASS Manufacturers, Solution Providers, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.