Global Automated Storage and Retrieval System Market 2022-2028 Research and Forecast, 2019-2025

Global Automated Storage and Retrieval System Market 2022-2028 Research and Forecast, 2019-2025

Automated storage and retrieval systems (ASRS) are type of warehouse technology in which goods are automatically retrieved and returned to storage. This is typically achieved by combining the technology with Warehouse Execution Software (WES) that manages the process and assists warehouse staff while processing orders. Automated storage is used to increase the efficiency of the warehouse by maximizing available storage space in existing inventory. These systems automatically locate and deliver the goods to the required inventory through a conveyor system. This results in a reduction in labor cost, floor space and inventory levels while increasing accuracy and productivity compared to manual methods of storage. Typical applications for storage and retrieval system include storage, order picking, distribution, assembly, kitting and other. The market of ASRS is growing significantly, and the factors that drive this growth are increasing demand in the automotive industry and demand for automation in various industries. However, the growth of the market is restrained by some factors which include large initial capital investment and the lack of technical expertise. The global ASRS market is divided on the basis of type and industry. On the basis of type, the market is further divided into the unit load, mini load, vertical lift module, carousel, and autostore. Further, the market is segmented by industry which is sub-segmented into automotive, metals & heavy machinery, food & beverages, healthcare, retail, and others.

Retail industry uses ASRS to implement it in large megastores with a wide range of goods stored at a single location. Companies use this system to efficiently manage product storage and retrieval within minimum time. It also tracks product expiry dates and stocks in the store. With retailers increasingly focused on enhancing their customer’s shopping experience, such technology has been progressing. The major players of the market are Swisslog, KION Group, Murata Machinery, TGW Logistics, Toyota Industries Corp., Daifuku Co., Ltd., Kardex Group, Honeywell International, Inc., Schaefer Systems International, Inc., and TGW Logistics Group. These companies are adopting various strategies to stay competitive in the market such as a merger & acquisition, and product launch. Merger and acquisition are considered as the key strategies in the market as many large players are acquiring small-medium scale companies in order to expand their market. For instance, in 2018, Horibe Machinery was acquired by the Murata Machinery, which would allow the company to enhance its product portfolio and also provide a unique production system solution to its customers.

Market Segmentation:

1. Global Automated Storage and Retrieval Systems Market Research and Analysis by Type

2. Global Automated Storage and Retrieval Systems Market Research and Analysis by Industry

The Report Covers:

Comprehensive research methodology of the global ASRS market.

This report also includes a detailed and extensive market overview with key analyst insights.

An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

Analysis of regional regulations and other government policies impacting the global ASRS market.

Insights about market determinants which are stimulating the global ASRS market.

Detailed and extensive market segments with regional distribution of forecasted revenues.

Extensive profiles and recent developments of market players.