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Automated Storage and Retrieval System (ASRS) Market Size:

Automated Storage and Retrieval System (ASRS) Market Revenue Analysis

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The Automated Storage and Retrieval System (ASRS) Market Size was valued at USD 8.84 billion in 2023 and is expected to reach USD 17.01 billion by 2032, growing at a CAGR of 7.54 % over the forecast period 2024-2032.

Automatic storage and retrieval systems are commonly used in inventory facilities, distribution centers, and warehouses. They incorporate a variety of computer-controlled automated storage systems and carry loads from one location to another. These systems are used when high-volume loads will be transported from one location to another, as they help provide faster, more accurate, more reliable, and less expensive solutions.

Automated Storage and Retrieval System (ASRS) Market Dynamics:

KEY DRIVERS:

  • ASRS demand is increasing in the e-commerce industry as a result of COVID-19.

  • Improved supply chain accuracy, productivity, and efficiency with improved inventory management using ASRS.

  • ASRS is becoming increasingly popular in the automotive industry.

RESTRAINTS:

  • Due to COVID-19, there is a shortage of skilled labor and technical expertise to manage system operations.

  • Large initial investments are required.

OPPORTUNITIES:

  • In Asia Pacific, there is a growing demand for cold chain systems.

CHALLENGES:

  • Offering industries flexible and scalable ASRS solutions.

  • Technical issues causing operational difficulties and increasing downtime.

IMPACT OF COVID-19:

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.  The outbreak of COVID-19 has caused major changes around the world. Overall efforts to embrace the spread of the epidemic have changed daily customers' tendencies, usage patterns, and perceptions, which have given rise to domestic economic growth and improvements in internet management. The epidemic is rapidly changing consumer behavior on online channels. The online interest has expanded to a variety of classes, including basic, food and beverage, and drug, which are transmitted through non-communicative organizations. This has inspired the online, automotive, food, and beverage businesses. The interest in storage has grown as a result of the online application for a few items. A few international organizations set up new shares in various countries to commit to this expanded interest. Web-based goliaths, such as Amazon, Alibaba, and eBay, are boosting ASRS 'warehouse interest as they continue to set up new stock rooms around the world. The extended number of stocks requires the establishment of an MCQ for automatic storage and a retrieval system for formal stock management, recording, and acquisition management. Since COVID-19 hit the market in mid-2020 with the result of lockdowns in various countries, there has been a general trend of interest in various businesses.

Automated Storage and Retrieval System Market Segment Overview:

By Type, the Automated Storage and Retrieval System (ASRS) Market is segmented into Unit Load, Mid Load, Mini Load, Carousel, and VLM. The ASRS unit load is used to store large-sized articles and provides real-time information on the list of words making them the most preferred type in a few industries compared to other ASRS variants. In addition, the ASRS unit load is an ASRS heavy load that enables accurate, efficient, secure, and stable handling of full pallets. A diverse range of applications for consumer goods, automotive, electronics, food and beverages, pharmaceuticals, and retail industries also contribute to market growth.

By Industry, the Automated Storage and Retrieval System (ASRS) Market is segmented into Metals & Heavy Machinery, Semiconductors & Electronics, Food & Beverages, Chemicals, Automotive, Healthcare, Retail, Aviation, E-commerce, and Others. The shift in demand for electric vehicles and autonomous vehicles has prompted car manufacturers to increase automotive production, which requires more spare parts for automotive. Vehicle suppliers should successfully manage large quantities of goods and variety and stock range. Also, these providers need to upgrade storage capacity within the available floor space. Therefore, automated storage and retrieval systems are increasingly being used to meet the requirements related to resource management.

Automated Storage and Retrieval System Market Regional Analysis:

The presence of a large number of key players in the region, as well as a large number of customers, is among the major factors driving the ASRS market in Europe. The region has the highest operating costs; therefore, manufacturers in European countries have been using automated solutions to reduce overall operating costs. Utilizing these solutions helps producers maintain a competitive edge by facilitating the effective management of all inventory operations. In addition, the presence of large corporations with a global supply chain and distribution function, as well as the continued growth of the e-commerce sector drive ASRS market growth in Europe.

Automated-Storage-and-Retrieval-System-ASRS-Market.by region

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KEY PLAYERS:

The key players in the Automated Storage and Retrieval System (ASRS) Market are Kardex, SSI Schaefer, KION, Daifuku, Murata Machinery, TGW Logistics, KUKA, Knapp, Vanderlande Industries, Bastian Solution, Dematic, Swisslog Holding, Mecalux, System Logistics Corporation, Beumer Group & Other Players.

Automated Storage and Retrieval System (ASRS) Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 8.84 Billion
Market Size by 2032 US$ 17.01 Billion
CAGR CAGR of 7.54% 
Base Year 2023
Forecast Period 2024-2032
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by type (Unit Load, Mid Load, Mini Load, Carousel, VLM)
• by Industry (Metals & Heavy Machinery, Semiconductor & Electronics, Food & Beverages, Chemicals, Automotive, Healthcare, Retail, Aviation, E-commerce, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Kardex, SSI Schaefer, KION, Daifuku, Murata Machinery, TGW Logistics, KUKA, Knapp, Vanderlande Industries, Bastian Solution, Dematic, Swisslog Holding, Mecalux, System Logistics Corporation, Beumer Group, and others players.
Key Drivers • ASRS demand is increasing in the e-commerce industry as a result of COVID-19.
• Improved supply chain accuracy, productivity, and efficiency with improved inventory management using ASRS.
• ASRS is becoming increasingly popular in the automotive industry.
Restraints • Due to COVID-19, there is a shortage of skilled labor and technical expertise to manage system operations.
• Large initial investments are required.

Frequently Asked Questions

The market value will be expected to reach USD 17.01 billion by 2032.

The key players in the Automated Storage and Retrieval System (ASRS) Market are Kardex, SSI Schaefer, KION, Daifuku, Murata Machinery, TGW Logistics, KUKA, Knapp, Vanderlande Industries, Bastian Solution, Dematic, Swisslog Holding, Mecalux, System Logistics Corporation, Beumer Group & Other Players.

Offering industries flexible and scalable ASRS solutions, Technical issues causing operational difficulties and increasing downtime.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

  

8. Automated Storage and Retrieval System (ASRS) Market Segmentation, by type

8.1Introduction

8.2 Unit Load

8.3 Mid Load

8.4 Mini Load

8.5 Carousel

8.6 VLM

9. Automated Storage and Retrieval System (ASRS) Market Segmentation, by Industry

9.1 Introduction

9.2 Metals & Heavy Machinery

9.3 Semiconductor & Electronics

9.4 Food & Beverages

9.5 Chemicals

9.6 Automotive

9.7 Healthcare

9.8 Retail

9.9 Aviation

9.10 E-commerce

9.11 Others

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11.Company Profiles

11.1 SSI Schaefer

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Kardex

11.3 KION

11.4 Daifuku

11.6 Murata Machinery

11.7 TGW Logistics

11.8 KUKA

11.9 Knapp

11.10 Vanderlande Industries

11.11 Bastian Solution

11.12 Dematic

11.13 Swisslog Holding

11.14 Mecalux

11.15 System Logistics Corporation

11.16 Beumer Group

11.18 Others

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

13.Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

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BY TYPE

  • Unit Load

  • Mid Load

  • Mini Load

  • Carousel

  • VLM

BY INDUSTRY

  • Metals & Heavy Machinery

  • Semiconductor & Electronics

  • Food & Beverages

  • Chemicals

  • Automotive

  • Healthcare

  • Retail

  • Aviation

  • E-commerce

  • Others

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REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

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  • Product Analysis

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  • Geographic Analysis

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  • Company Information

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