Global Automated Storage and Retrieval Systems Market Report 2021-2028: Focus on Vertical Lifts, Carousels, Crane-based, Vertical Buffer Modules, Robotic Shuttles, Floor Robots

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Dec 14, 2021, 14:15 ET

DUBLIN, Dec. 14, 2021 /PRNewswire/ -- The "Automated Storage and Retrieval Systems Market by Load, Type, Application, End-user - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The Automated Storage and Retrieval Systems (ASRS) Market is expected to reach $7.04 billion by 2028, at a CAGR of 5.8% during the forecast period, 2021 to 2028.

The growth of this market is mainly attributed to the consistently increasing order velocity and volume from the e-commerce sector, government initiatives & investments to retrieve the automotive sector, increasing emphasis on the development of smart factories, technological advancements in the ASRS-associated sensor technology, and rapidly growing industrialization.

In addition, factors such as rising investment capabilities of industrial users in developing countries; increasing integration of innovative technologies, such as RFID, barcode, and AI with automated systems; and high adoption rate of ASRS to enhance operational efficiency are expected to create tremendous opportunities for the market growth over the forecast period.

With the outbreak of the COVID-19 pandemic, industries are focusing on automation across different sectors. The need to reduce human interaction, minimize operational errors, inaccessibility to a skilled workforce, and growing government focus on improving digital infrastructure are also projected to fuel the growth of the automated storage and retrieval systems market.

Based on load, in 2021, the unit-load segment is expected to account for the largest market share. The large share of this segment is mainly attributed to the stringent shipping deadlines, particularly during peak times, growing focus on improving the yield ratio, reducing incineration cost, and widespread adoption of unit-load ASRS. The incorporation of pioneering technologies in handling and shipping operations is also expected to support the fastest growth of this segment in the coming years.

Based on type, in 2021, the floor robots segment is expected to account for the largest market share. The large share of this segment is primarily attributed to the surge in piece picking requirement, increased importance of optimum warehouse floor utilization, and advancements in robotic retrieval systems.

Based on application, in 2021, the storage segment is expected to account for the largest market share. The large share of this segment is majorly attributed to the increasing popularity of e-commerce, growing adoption of advanced storage systems, and minimizing goods damage & industrial accidents. The growing acceptance of automated cold chain storage for critical healthcare products, particularly amid the COVID-19 pandemic, is also expected to support the fastest growth of this segment in the coming years.

Based on end user, in 2021, the automotive segment is expected to account for the largest market share. The large share of this segment is mainly attributed to the increasing emphasis on reimaging the next-generation automobile warehouse and reducing reliance on third-party logistic providers.

However, the healthcare & pharma segment is expected to record the highest CAGR during the forecast period due to rapid digital transformation in the healthcare sector, curtailment in hospital operating expenses, and compulsion to abide by government regulations for maintaining an optimum healthcare environment.

In 2021, Europe is expected to account for the largest share of the automated storage and retrieval systems market. The large share of this regional market is mainly attributed to the high dependence on advanced system technologies, easy availability of ASRS, established automotive industry, and supportive digital infrastructure.

APAC is expected to register the highest CAGR during the forecast period due to the rapidly improving manufacturing & warehousing infrastructure, increasing popularity of automated systems, rising investment capabilities of the industrial users', and growing industry digitalization backed by positive local government initiatives.

Key Questions Answered in the Report-

Which are the high-growth market segments in terms of load, type, application, end user, and geography?
What is the historical market size of the automated storage and retrieval systems market?
What are the market forecasts and estimates for the period 2021-2028?
What are the major drivers, restraints, opportunities, and trends in the automated storage and retrieval systems market?
Who are the major players in the automated storage and retrieval systems market, and what share of the market do they hold?
How is the competitive landscape?
What are the recent developments in the automated storage and retrieval systems market?
What are the various strategies adopted by the major players in the automated storage and retrieval systems market?
What are the geographical trends and high-growth countries?
Who are the local emerging players in the automated storage and retrieval systems market, and how do they compete with the other players?

Market Dynamics

Drivers

Growing Emphasis on Improving Floor Space Utilization
Increasing Need to Reduce Labour and Distribution Costs

Restraints

High Initial Costs
Lengthy Installation Process

Opportunities

Growing Significance of Online Retail Platforms and Associated Supply Chains
Increasing Utilization of RFID and Barcode Technologies
Growing Deployment of Automated Storage Systems for Healthcare Supply Chains and Transportation Applications

Challenges

Reluctance in Deploying Automated Systems in Developing Countries

Trends

Growing Implementation of Automated Cold Storage Warehouses and Associated Supply Chains

Case Studies

Key players operating in the automated storage and retrieval systems market are

Daifuku Co. Ltd.
SSI SCHAEFER AG
Dematic
Honeywell Intelligrated
Toyota Industries Corporation
Murata Machinery Ltd.
KNAPP AG
BEUMER Group GmbH
Swisslog Holding AG
Material Handling Systems
TGW Logistics Group
WITRON Logistik+Infomatik GmbH
Kardex Group
System Logistics S.p.A.
viastore SYSTEMS GmbH
Jungheinrich AG
MATTER Srl
Mecalux S.A.
Craftsman Storage Systems

Scope of the Report:

Automated Storage and Retrieval Systems Market, by Load

Unit-load ASRS
Fixed-aisle ASRS
Movable-aisle ASRS
Mini-load ASRS
Micro-load ASRS

Automated Storage and Retrieval Systems Market, by Type

Vertical Lift Modules
Carousels
Horizontal Carousels
Vertical Carousels
Crane-based
Vertical Buffer Modules
Robotic Shuttles
Floor Robots

Automated Storage and Retrieval Systems Market, by Application

Storage
Order Picking
Kitting
Buffering

Automated Storage and Retrieval Systems Market, by End User

Automotive
Semiconductor & Electronics
General Manufacturing
Retail & Warehousing/Logistics
Aviation
Chemicals, Rubber, and Plastics
Healthcare & Pharma
Food & Beverage
Postal & Parcel

For more information about this report visit https://www.researchandmarkets.com/r/bko09q

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SOURCE Research and Markets