Apr 3, 2020   SOURCE: BusinessWire

Automated Storage & Retrieval System Market, 2020 - ResearchAndMarkets.com

The "Automated storage and retrieval system Market to 2027 - Global Analysis and Forecasts by Type; End-user Industry" report has been added to ResearchAndMarkets.com's offering.

The global automated storage and retrieval system (ASRS) market was valued at US$ 2.3 Bn in 2018 and is expected to reach US$ 4.6 Bn by 2027 with a CAGR growth rate of 8.0% in the forecast period from 2019 to 2027.

Over the years, ASRS technology has rapidly developed, new options offer a wide range of size, cost, speed, and flexibility, and has escalated the rate of system adoption. It has made ASRS technologies one of the most common and impactful investment prospects available to most operations.

The APAC region is expected to witness the highest CAGR during the forecast period. The rapid growth in healthcare, retail, food & beverage, and automotive industry is expected to fuel the demand for automated storage and retrieval system (ASRS). The industries in the APAC region are rapidly adopting automation, resulting in the growth of the automated storage and retrieval system automated storage and retrieval system (ASRS) market. The growth of the e-commerce industry in the APAC region is another significant factor impacting the automated storage and retrieval system (ASRS) market. Several automotive players are expanding their manufacturing capabilities in the region. For example, Hyundai announced plans to open a new facility in Indonesia for electric cars. Moreover, Tesla is developing its new electric car factory in China. These developments in the automotive industry are expected to boost the automated storage and retrieval system (ASRS) market in the APAC region.

The European region is estimated to lead the automated storage and retrieval system (ASRS) market in 2018. The growth in Europe is attributed to the presence of several automated storage and retrieval system (ASRS) players in the region, coupled with a substantial customer base. Also, significant investments made by automotive players in the automated material handling equipment is driving the installation of automated storage and retrieval system (ASRS). Even the cost of implementing automation is declining in Europe, along with the increase in labor costs.

The automated storage and retrieval system automated storage and retrieval system (ASRS) market is segmented on type and end-use industry. Based on the type, the automated storage and retrieval system automated storage and retrieval system (ASRS) market is classifies into unit load ASRS, mini load ASRS, vertical carousels, horizontal carousels, vertical lift modules, AutoStore, and others. Based on end-use industry, the automated storage and retrieval system automated storage and retrieval system (ASRS) market is segmented into the automotive, F&B, electronics & semiconductors, retail, e-commerce, chemicals, aerospace, pharmaceuticals, and others. The pharmaceutical segment is anticipated to witness a highest CAGR in the automated storage and retrieval system automated storage and retrieval system (ASRS) market during the forecast period. This industry is another critical industry where a lot of importance is given to maintain proper hygiene of stored products. ASRS provides dust protection, climate control, and humidity control of stored products, which is not possible to achieve with a traditional ASRS. Thus, the pharmaceutical sector is highly investing in ASRS to maintain proper hygiene required for products as well as effective and efficient storage and retrieval functions.

The pharmaceutical industry has been one of the highly regulated industries for 100% quality control compared to any other industry. Precision is one of the essential aspects of any production activity. Extreme hygienic conditions are required in any pharmaceutical manufacturing process. ASRS, such as VLMs, offers a dust-protection concept to safeguard these products to come in contact with any foreign particles. Also, the trays in the VLMs can be effectively divided from each other to ensure that different products are stored separately.

Reasons to Buy:

  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the automated storage and retrieval system market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to Type, and End-User Industry.

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Market Landscape

4.1 Market Overview

4.2 PEST Analysis

5. Automated Storage and Retrieval System Market - Key Industry Dynamics

5.1 Key Market Drivers

5.2 Key Market Restraints

5.3 Key Market Opportunities

5.4 Future Trends

5.5 Impact Analysis of Drivers and Restraints

6. Automated Storage and retrieval system Market - Global Market Analysis

6.1 Global Automated Storage and Retrieval System

6.2 Global Automated Storage and Retrieval System Market Forecast and Analysis

6.3 Market Positioning - Top Players

7. Automated Storage And Retrieval System Market Analysis - By Type

7.1 Overview

7.2 Automated Storage and Retrieval System Market Revenue Breakdown, By Type, 2018 & 2027

7.3 Automated Storage and Retrieval System Market Volume Breakdown, By Type, 2018 & 2027

7.4 Unit Load ASRS

7.5 Mini Load ASRS

7.6 Vertical Lift Module

7.7 Vertical Carousels

7.8 Horizontal Carousels

7.9 AutoStore

7.10 Others

8. Automated Storage and retrieval system Market Analysis - By End-use Industry

8.1 Overview

8.2 Automated Storage and Retrieval System Market Breakdown, By End-use Industry, 2018 & 2027

8.3 Automotive

8.4 Food & Beverages

8.5 Electronics & Semiconductor

8.6 E-Commerce

8.7 Chemicals

8.8 Aerospace

8.9 Retail

8.10 Pharmaceuticals

8.11 Others

9. Automated Storage and retrieval system Market - Geographic Analysis

9.1 Overview

9.2 North America Automated Storage and Retrieval System Market, Revenue and Forecast to 2027

9.3 Europe Automated Storage and Retrieval System Market Revenue And Forecast To 2027

9.4 APAC Automated Storage and Retrieval System Market, Revenue and Forecast To 2027

9.5 MEA Automated Storage and Retrieval System Market, Revenue and Forecast To 2027

9.6 South America Automated Storage and Retrieval System Market Revenue And Forecast To 2027

10. Global Automated Storage and Retrieval System Market-Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 Merger and Acquisition

10.4 New Development

11. Company Profiles

11.1 SSI SCHAEFER GROUP

11.2 Swisslog Holding AG

11.3 System Logistics Spa

11.4 Bastian Solutions

11.5 Daifuku Co. Ltd.

11.6 Kardex Group

11.7 KNAPP AG

11.8 Mecalux, S.A.

11.9 Vanderlande Industries

11.10 Autocrib, Inc.

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