Automated Storage and Retrieval System Market Research Report- Forecast 2030

Automated Storage and Retrieval System Market, By Type (Unit Load, Mini Load, Micro Load), By Applications (Order Picking, Replenishment, Kitting, Order Picking, Distribution, Storage), By End-User (Semiconductor & Electronics, E-Commerce, Automotive, Chemicals, Aviation, Food & Beverages) - Forecast 2030

ID: MRFR/SEM/2599-HCR | February 2023 | Region: Global | 100 Pages         

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Automated Storage and Retrieval System Market

The worldwide 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.

Segmentation
By Type Unit Load Mini Load Micro Load
By Applications Order Picking Replenishment Kitting Order Picking Distribution Storage
By End-User Semiconductor & Electronics E-Commerce Automotive Chemicals Aviation Food & Beverages
Key Players
Companies Profiled   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)   Kardex Group (Switzerland)
Drivers
Market Driving Forces   Provide the information with high accuracy    Getting and conveying countless articles within the specified time    Internet business organizations have embraced robotization
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Automated Storage and Retrieval System Market Size and Overview


Globally, the size of the Automated Storage and Retrieval System Market is set to grow at a CAGR of 8.90% to hit USD 18.3 Billion by 2030 driven by the expansion in B2C deals is especially obvious in online deals of drugs, family products, and food. The automated storage and retrieval system is an inventory management system primarily used in manufacturing centers, warehouses, and distribution facilities. The system consists of several computer-controlled systems to automatically replace and retrieve loads from one site to another. The industries that use this system where high-volume loads are moved from one place to another are helpful for accurate, quick, low cost and reliable solutions. It is widely used in food & beverages, chemicals, e-commerce, semiconductors & electronics, and healthcare and automotive markets to handle large items safely and accurately. The system aims to improve the storage capacity, reduce energy costs, and improve performance. The rising online business and web-based shopping are significant market growth factors. In the current scenario, the development of the internet is a specific reason for enhancing the market. The absence of skilled laborers and covid 19 acted as a major restraint for the market. However, the market will report significant growth shortly.


COVID-19 Analysis:The COVID-19 flare-up has prompted significant changes around the world. The overall endeavors to contain the pandemic's spread have changed the day-by-day propensities for customers, utilization examples, and perspectives, which has given a lift to home-grown economies and enhancements in online administrations. The pandemic is quickly changing buyer conduct toward online channels. Online interest has expanded for different classes, including basics, food and drinks, and drugs, that are being conveyed with imaginative contactless organizations. This has given a stimulus to online business, car, and food and refreshments enterprises. The interest in warehousing has additionally expanded because of the online claim for a few items. A few global organizations are setting up new stockrooms across different nations to oblige this expanded interest. Web-based business goliaths, like Amazon, Alibaba, and eBay, are inclining up the interest for ASRS warehouse as they keep on setting up new stockrooms worldwide. The expanded number of stockrooms requires establishing automated storage and retrieval system MCQ for legitimate stock administration, recording, and recovery administrations. Since COVID-19 struck the market in mid-2020 with resulting lockdowns in different nations, there has been a halt in the general interest action in assorted enterprises, for example, cars, gadgets, and synthetics. As the web-based business industry is ceaselessly under the critical factor of getting and conveying a colossal number of articles within the specified time, Automated Storage and Retrieval System Industry have embraced computerization in their offices.Market Dynamics:

  • Major Drivers of the Market


Growing interest for ASRSs in online business is one of the major drivers that leads to Automated Storage and Retrieval System Market Growth. The web-based business industry is encountering a blast inferable from the extraordinary ascent in the number of online customers post the flare-up of COVID-19. The authorization of social removal standards, lockdowns, and different measures in light of the COVID-19 pandemic has driven purchasers to pick up web-based shopping. This has brought about a spike in business-to-purchaser (B2C) deals, just as expanding the business-to-business web-based business. The expansion in B2C deals is especially obvious in online deals of drugs, family products, and food. Nonetheless, such colossal development in the internet business industry has applied tremendous strain to convey things on schedule. In the current situation, the internet business industry is constantly under the critical factor of getting and conveying countless articles within the specified time; along these lines, internet business organizations have embraced robotization in their offices.



  • Significant Opportunities For The Market 


A growing interest in cold chain ASRS in APAC is a significant opportunity to increase Automated Storage and Retrieval System Market Demand. The frozen food market is required to observe generous development in APAC in the coming years. The expanded prevalence of chilled and frozen food sources in APAC reflects changing food inclinations as shoppers become more prosperous; this prompts the extension of the framework to help cold chain activities around there. The development of the virus chain area can be significantly ascribed to globalization, which empowers the import and fare of transitory food varieties, mechanical headways in cold chain stockpiling and transport, and developing acknowledgment of frozen food varieties among buyers. 



  • Market Restraints


The unavailability of specialized aptitude and a talented labor force to deal with framework tasks is the major restraints in Global Automated Storage and Retrieval System Market. At the beginning of COVID-19, governments permitted a predetermined number of representatives to work in different offices. This has prompted the inaccessibility of the labor force to perform quality control, assessments, and support tasks. As ASRSs require solid specialists to be worked, the current circumstance has made prevention the smooth working of these frameworks. 



  • Market Growth Challenges


Technical glitches end operational cycles, and increment vacation is considered one challenge in the Global Automated Storage and Retrieval System Market. ASRS is an intricate framework working in synchronization with numerous sensors, engines, and hardware guided by programming. Any specialized issue identified with detecting components in ASRS may stop a whole operational cycle, which prompts extra time and cost to the organization. Any deficiency in the product programming will likewise prompt inappropriate working of the ASRS, accordingly deferring the whole creation measure and expanding the personal time of the office. This unique time can go from a couple of moments to a few days. Like this, framework disappointments antagonistically influence the interaction and result in reduced benefits. 



  • Cumulative Growth Analysis


The improvement of the internet business industry goes along with the flourishing of the Global Automated Storage and Retrieval System Market. The stock sold by web-based business dealers is put away in stockrooms. In order to lessen the ideal opportunity for arranging and loading these items, mechanized capacity and recovery framework is by all accounts perhaps the best apparatus. The buying example of purchasers is pushing toward web-based shopping. Segment Overview:



  • By Type


Global Automated Storage and Retrieval System Market worldwide computerized stockpiling and recovery framework market has been divided into a unit load, smaller than a usual burden, miniature burden, vertical lift module, even/vertical merry-go-round, mid obligation, and others. 



  • By Applications


Global Automated Storage and Retrieval System Market have been portioned into Order Picking, Replenishment, Kitting, Order Picking, Distribution, Storage, security, creation, combination, get together, etc. 



  • By End-Client


Global Automated Storage and Retrieval System Market have been divided into semiconductor and hardware, metals and large equipment, car, online business, synthetics, food and refreshments, flying, medical services, etc. Regional Analysis: Regional analysis of the Global Automated Storage and Retrieval System Market is being read for locales like Asia pacific, North America, Europe, and the Rest of the World. North America is one of the prominent locales across the world. The biggest portion of the overall industry in Automated Storage and Retrieval System inferable from numerous businesses is driving the Global Automated Storage and Retrieval System Market. The Automated Storage and Retrieval System market in Europe district is required to observe fast development. Asia-Pacific nations like China, Japan, and South Korea are developing the business sector for Global Automated Storage and Retrieval System Market. Competitive Landscape:The Global Automated Storage and Retrieval System Market Key Players 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)

  • Kardex Group (Switzerland)


Recent Developments:


April 2022


Flipkart, India's homegrown e-commerce marketplace, has inaugurated the most significant fulfillment center in Haringhata, West Bengal. The tech-enabled facility will create around 11,000 job opportunities and will support approximately 20,000 sellers from the state and Northeast region.


Aurobindo Pharma USA Increases Distribution Throughput and Performance with New Automated Warehouse System.


March 2022


Beckhoff USA is upgrading its distribution operations with the new Infinity Automated Storage and Retrieval System (AS/RS) from OPEX Corporation.


OPEX revealed its infinitely automated storage and retrieval system at MODEX 2022. The infinity ASRS is a goods-to-person picking robot. Infinity uses OPEX's robot vehicles, which travel along with a modular racking design.


Report Overview:The Global Automated Storage and Retrieval System Market Analysis or overview is as follows:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape


Recent Developments


This report highlights the growth aspects of the Automated Storage and Retrieval System Market Forecast. Along with that, this report also intends to put up the competitive landscape and recent developments on the table to explain the position of this global market.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 18.3 Billion
  CAGR   8.90%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Applications and End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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),Kardex Group (Switzerland)
  Key Market Opportunities

  • Mechanical headways in cold chain stockpiling and transport,
  • Developing acknowledgment of frozen food
  •   Key Market Drivers

  • Provide the information with high accuracy,
  • Getting and conveying countless articles within the specified time,
  • Internet business organizations have embraced robotization


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    Frequently Asked Questions (FAQ) :

    Some of the players that are poised to play important role in market growth are - TGW Logistics Group GmbH (Austria), Daifuku Co., Ltd. (Japan), Swisslog Holding AG (Switzerland), SSI Schaefer Group (Germany), Knapp AG (Austria), Murata Machinery (Japan), Mecalux SA (Spain), System Logistics Corporation (Italy), Vanderlande Industries (Netherlands), Bastian Solution (US), Dematic GmbH & Co. KG (Germany), Beumer Group (Germany), and Kardex Group (Switzerland)

    The segments based on type are unit load, mini load, and micro load.

    Increasing amount of data being generated and rising awareness about the importance on the data for marketing is poised to drive the expansion of the global market.

    The market’s valuation is supposed to exceed USD 18.3 Billion by 2030.

    The market is poised to mark 8.90% CAGR over 2030.