Industry Background:
the high growth in the logistics industry will help to boost global Automated Storage System market in the forecasted period. An automated storage system consists of a variety of computer-controlled systems for automatically placing loads from defined storage locations. Order picking is widely used in healthcare, food & beverages, retail, and e-commerce. Growing competition in these industries is enforcing companies to reduce their delivery time, which is fuelling the demand for Automated Storage System for order picking function.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Daifuku (Japan), Murata Machinery (Japan), SSI Schaefer (Germany), TGW Logistics Group (Austria), Kardex Group (Switzerland), Siemens (Germany), Knapp AG (Austria), Bosch Rexroth (Germany), Swisslog Holding AG (Switzerland) and Mecalux SA (Spain) |
According to AMA, the market for Automated Storage System is expected to register a CAGR of 7.7% during the forecast period to 2028. This growth is primarily driven by Increasing Demand in Automotive Industries and Improved Accuracy, Productivity, and Efficiency in Supply Chain Along With Improved Inventory Control.
Globally, a noticeable market trend is evident Demand for Optimum Utilization of Space and Increasing Labour Costs
The Systems Software sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Daifuku (Japan), Murata Machinery (Japan), SSI Schaefer (Germany), TGW Logistics Group (Austria), Kardex Group (Switzerland), Siemens (Germany), Knapp AG (Austria), Bosch Rexroth (Germany), Swisslog Holding AG (Switzerland) and Mecalux SA (Spain), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Developments in the Market:
In February 2023, SSI Schaefer Group and DS Automotion, an international provider of modular warehousing and logistics solutions employing approximately 10,000 people, signed an agreement for SSI Schaefer to acquire all shares in DS Automotion. The new agreement will expand SSI Schaefer's minority stake since 2018, reflecting the growing importance of autonomous and mobile robots and AGV businesses in intralogistics.
In February 2022, Qualcomm and Bosch Rexroth will showcase industrial automation with time synchronization applications over a live 3.75 GHz 5G private network. Qualcomm Technologies and Bosch Rexroth present innovative end-to-end solutions for industrial IoT through ongoing 5G R&D collaboration for the digital transformation of industry.
Influencing Trend:
Demand for Optimum Utilization of Space and Increasing Labour Costs and Growing Demand of Cold Chain Automated Storage System in Developing Countries
Market Growth Drivers:
Increasing Demand in Automotive Industries and Improved Accuracy, Productivity, and Efficiency in Supply Chain Along With Improved Inventory Control
Challenges:
Availability of Flexible as well as Scalable Solutions
Restraints:
High Capital Investment and Lack of Trained Expertise
Opportunities:
Introduction of Mid-Load and Pallet Shuttle Technologies and Rising Demand for Automation in the E-Commerce Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automated Storage System Market
- Analysis about New Entrants in Automated Storage System Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automated Storage System Study Sheds Light on
The Automated Storage System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automated Storage System industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automated Storage System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.