Automated Storage And Retrieval System Market | Contrive Datum Insights

The Global Automated Storage And Retrieval System Market Size Is Relied Upon To Develop At USD 18.3 Billion By 2030, At 8.90% Of CAGR Somewhere In The Range Of 2022 And 2030.

Automated Storage and Retrieval System Market Overview:

Automated storage and retrieval systems are inventory management systems commonly used in manufacturing centers, warehouses, and distribution facilities. The system consists of several computer-controlled systems that automatically transfer and retrieve loads from one site to another. Industries that use these systems to move bulky cargo from one place to another benefit from a precise, fast, inexpensive and reliable solution. They are widely used in food and beverage, chemical, e-commerce, semiconductor and electronics, medical and automotive markets for safe and accurate handling of large items. The system aims to improve storage capacity, reduce energy costs and improve performance. Growing online business and web-based shopping are important market growth factors. In the current scenario, the development of the Internet is a specific reason for strengthening the market. The absence of skilled workers and COVID-19 acted as major constraints on the market. However, the market will soon report significant growth.

Automated Storage and Retrieval System market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Automated Storage and Retrieval System market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In April 2019, Daifuku Co. Ltd. has acquired India-based company Vega Conveyors & Automation Private Limited. Vega Conveyors & Automation Private Limited is deeply involved in the design and manufacture of material handling equipment. This acquisition gives Daifuku a large customer base in the Indian market.
• In May 2018, Toyota Advanced Logistics acquired Peach State Integrated Technologies, a US-based company, along with its subsidiary Bastian Solutions. This acquisition will enable both companies to better provide automation solutions to their current and future customer base.

Major Market Segments Covered in Automated Storage and Retrieval System Industry Research:

Market Key Players:
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, Bastian, And Others.

By Type:

• Unit-load AS/RS
• Mini-load AS/RS
• Vertical Lift Modules (VLMs)
• Horizontal Carousels
• Vertical Carousels
• Shuttle- and Bot-based AS/RS
• Micro-Load (Stocker)

By Category:

• Standalone
• Integrated

By Application:

• Automotive
• Food and Beverage
• Electrical and Electronics
• Healthcare
• Retail and e-commerce
• Others

By Region:

The United States has the most automated stores (automatic storage facilities) of any other country. Additionally, Amazon, the world's largest e-commerce website, regulates about 50% of its business from its US headquarters. Thousands of parcels, packages, bundles, and cartons are stacked in 110 warehouses in the United States.

Accounting for the aforementioned factors, the automated storage and retrieval systems market in the United States has historically expanded at a growth rate of 8.3%. On the other hand, by the end of 2032, it is expected to exceed $2.763 billion. It will earn 313 BPS due to continued evolution of the “Find and Store Product” code in warehouse management software and warehouse execution software used in US storage facilities.

A staggering growth rate of 10.8% is expected in the AS/RS equipment market from 2022-2032. Vertical lift modules are very compact and are best suited for small base and long height warehouses in the USA. Therefore, AS/RS system technology providers looking to invest in the US market must introduce highly optimized and cost-effective VLMs in advanced storage and retrieval systems.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growth Drivers

Technological innovations are shaping the market for automated storage systems and retrieval systems in various forms. To reduce errors, repetitive activities and processing costs, major industry players are creating sophisticated automated storage and retrieval systems for industrial applications, which is a major driver responsible for the tremendous growth of the market.

 Restraints

ASRS is a highly lucrative automation system available for warehouse use and initial installation entails significant financial outlay that is expected to limit the global automated storage and retrieval system (ASRS) market growth. Supply chain and inventory management pre-purchase research is required before purchasing a system. ASRS implementation requires the installation of software, automation systems, and racks. This entire system is expensive. This system requires expert work as it must be set up precisely.

 Opportunity

Aviation sector recognized the demand for ASRS, especially in production, distribution and inventory management manufacturing. Therefore, over the past decade, retrofitting of industrial facilities has increased the demand for ASRS. Various industries, including packaging and delivery, are forced to choose ASRS products in a larger proportion due to the increase in total output in the industrial sector due to the increase in individual consumer value and create lucrative potential pockets in the market.

Automated Storage and Retrieval System Market report scope:

Key Takeaways from this Automated Storage and Retrieval System Report

• Estimate Automated Storage and Retrieval System market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Automated Storage and Retrieval System market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Automated Storage and Retrieval System market?

The Automated Storage and Retrieval System Market is growing at a CAGR of 8.9% During Forecast Period.

What are the key types of Automated Storage and Retrieval System market?

Unit-load AS/RS, Mini-load AS/RS, Vertical Lift Modules (VLMs), Horizontal Carousels, Vertical Carousels, Shuttle- and Bot-based AS/RS, Micro-Load (Stocker)

What are the key applications of Automated Storage and Retrieval System market?

Automotive, Food and Beverage, Electrical and Electronics, Healthcare, Retail and e-commerce, Others

Who are the key players in Automated Storage and Retrieval System market?