Market Analysis
Market
Research Future (MRFR) projects the global automated storage and retrieval
system market to reach USD 10.81 billion at a 7.7% CAGR from 2017 to 2023 (forecast
period).
AS/RS
Systems are the abbreviation for automated storage and retrieval systems. These
systems give users better inventory control and tracking, as well as more
flexibility to adapt to changing business situations. The increased need for AS/RS
systems aids in the provision of a complete value chain analysis of the
warehouse and manufacturing sectors, as well as the provision of accurate
information. The organic automated storage and retrieval system segment is
predicted to account for the majority of the market share, owing to its ability
to provide efficient order fulfillment while also lowering labor costs for
material storage and retrieval.
Key
Players
The
prominent players in the global Automated
Storage and Retrieval System Market are –TGW Logistics Group GmbH (Austria), Swisslog Holding AG
(Switzerland), Daifuku Co., Ltd. (Japan), SSI Schaefer Group (Germany), Murata
Machinery (Japan), Knapp AG (Austria), Mecalux SA (Spain), Vanderlande
Industries (Netherlands), System Logistics Corporation (Italy), Bastian
Solution (US), Beumer Group (Germany), Dematic GmbH & Co. KG (Germany) and
Kardex Group (Switzerland) among others.
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According
to the study, Automated Storage and Retrieval Systems (AS/RS) are often used in
applications with a high volume of loads being moved in and out of storage.
This storage density is also significant because, due to space limits, no
value-adding content is present in this process.
The
automated storage and retrieval system aids in the expansion of the business
and the achievement of big goals. The AS/RS also meets the space needs of over
300 well-known companies, like Van Den Ban, Audi, and others. Furthermore, this
system provides real-time data, which eliminates the need for physical storage
while simultaneously enabling direct access to items at all times, indicating
it as a primary driver of automated storage and retrieval systems.
COVID-19
Impact on the Global Automated Storage and Retrieval System Market
The
COVID-19 pandemic has resulted in significant global effects. The global
efforts to restrict the pandemic's spread have transformed consumers' daily
habits, buying patterns, and ways of thinking, which has boosted domestic
economies and improved online services. Consumer behavior is rapidly shifting
toward internet platforms as a result of the pandemic. Online demand has
expanded for a variety of categories, including food and beverages,
necessities, and pharmaceuticals, which are delivered in innovative contactless
formats. This has accelerated the rise of the e-commerce, automotive, and food
and beverage industries. The online demand for numerous products has also
boosted the demand for warehousing. To meet the rising demand, several global
corporations are establishing new warehouses in several nations. E-commerce
behemoths like Amazon, Alibaba, and eBay are driving increased demand for ASRS
as they continue to open new warehouses throughout the world. Because of the
rising number of warehouses, ASRSs must be installed for proper inventory
management and retrieval services.
Since the
COVID-19 hit the market in early 2020, causing lockdowns in many nations, there
has been a halt in general demand activity in a variety of industries,
including automotive, electronics, and chemicals. Because the e-commerce sector
is constantly under pressure to procure and distribute a large number of
articles in a short period of time, e-commerce companies have implemented
automation in their facilities.
Market
Segmentation
The
worldwide automated storage and retrieval system industry has been segmented
into type, applications, and end-user.
By type,
the worldwide automated storage and retrieval system industry has been
segmented into unit load, mini load, and micro load.
By
applications, the global automated storage and retrieval system market has been
segmented into order picking, replenishment, kitting, order picking,
distribution, and storage.
By
end-user, the worldwide automated storage and retrieval system industry has
been segmented into semiconductor & electronics, e-commerce, automotive,
chemicals, aviation, and food & beverages.
Regional
Analysis
The
regional analysis of the global automated storage and retrieval system (ASRS)
market is being studied for regions like Asia Pacific, North America, Europe
and the Rest of the World.
Because of
the existence of numerous industries that drive the market, North America is
one of the leading regions in the world in terms of the greatest market share
in the automated storage and retrieval system market. The market for automated
storage and retrieval system (ASRS) in Europe is predicted to expand rapidly.
Asia Pacific countries such as China, Japan, and South Korea, on the other
hand, are a rising market for automated storage and retrieval system (ASRS).
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