About Automated Storage and Retrieval System
Automated Storage and Retrieval System (AS / RS) were once considered out of reach by many smaller order fulfillment companies and retail warehouses that did not have the budget to invest in such advanced technology. As AS/RS technology has advanced rapidly over the years, new options offer a variety of sizes, speeds, costs, and flexibility, and have skyrocketed the speed of system adoption. This has made AS/RS technologies one of the most popular and effective investment options available to most businesses. AS/RS technology varies widely and can consist of shuttles, cranes, carousels, vertical lift modules (VLMs), micro loads, mini loads, unit loads, or other systems. Automated warehouse and retrieval systems are inventory management systems commonly used in manufacturing centers, distribution facilities, and warehouses. They consist of a variety of computerized systems for automatically placing and retrieving loads from one location to another. These systems are used where large-volume loads are to be transported from one location to another, as they offer fast, accurate, reliable, and inexpensive solutions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Automated Storage and Retrieval System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Daifuku Co. Ltd (Japan), SSI Schaefer Group (Germany), Murata Machinery (Japan), Dearborn Mid-West Company, LLC (United States), KION (Germany), Egemin Automation, Inc. (Belgium), Knapp AG (Austria), Toyota Industries (Japan), TGW Logistics Group GmbH (Austria), Kardex Group (Switzerland), Swisslog Holding AG (Switzerland), Mecalux SA (Spain) and Vanderlande Industries (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are System Logistics Corporation (Italy), Bastian Solution (United States) and Beumer Group GmbH & Co. Kg (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Automated Storage and Retrieval System market by Type (Unit-Load, Mini-Load, Mid Load, Autostore, Carousel and Vertical Lift Module), Application (Small Enterprises and Medium & Large Enterprises) and Region.
On the basis of geography, the market of Automated Storage and Retrieval System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function Type, the sub-segment i.e. Assembly will boost the Automated Storage and Retrieval System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Semiconductor & Electronics will boost the Automated Storage and Retrieval System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Implementation of AS/RS in Distribution Supply Chain and Inventory Management and Rise In Adoption of Big Data Technologies among Organizations to Enhance the Consumer Target Marketing and Risk Management Abilities
Market Growth Drivers:
The Rising Adoption of Automated Systems, The Growing Retail Industry across the Globe, A Surge in Applications of Mini-Load and Shuttle AS/RS in E-Commerce Industry Due to COVID-19 Impacts and Rise in Need to Reduce Labor Costs and Achieve Optimum Utilization of Space
Challenges:
Unavailability of Technical Expertise and Skilled Workforce
Restraints:
High Initial Investment and Difficulty in Customizing Once Implemented
Opportunities:
The Increasing Technological Advancements, A Rise in Awareness Regarding ASRS in Industries and The Surge in Demand for ASRS in Aviation Industry
Market Leaders and their expansionary development strategies
In March 2020, KION, the parent organization of Dematic, had acquired Digital Applications International Limited (DAI). The addition of DAI has hereby significantly expanded Dematic's intralogistics software offering so as to support the transportation, storage, as well as distribution of goods across the supply chain.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Automated Storage and Retrieval System, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.