Automated Storage and Retrieval System (ASRS) Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Type (Mid Load, Mini Load, Unit Load, Vertical Lift Module, Others); Function (Assembly, Distribution, Kitting, Order Picking, Storage, Others); Industry Vertical (Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, Healthcare & Pharmaceuticals, Others); Region/Country
The Global Automated Storage and Retrieval System is Expected to Display a CAGR of around 9% over the forecast period (2021-2027)
Booming industries such as food and beverages, pharma, automotive, aerospace, etc., coupled with the promulgating of automation in industries and the booming era of connected industries are leading to the growing market for automated storage and retrieval system. As per OICA, America reports a 20% share of the global production with 15.7 million units.
A rise in the manufacturing and industrial sectors across the globe is leading to the growing demand for automated storage and retravel systems due to the benefits such as Increase throughput and efficiency, high-density storage, accurate, real-time inventory data, eliminate damaged or missing inventory, reduce travel between operations for improved order cycle time, etc., As per United Nations Industrial Development Organization, after COVID-19 Most countries saw a recovery in manufacturing in the third quarter of 2020, after the collapse experienced in the first half of the year due to the COVID-19 pandemic. China had already returned to growth in the previous quarter and has now exceeded its pre-crisis manufacturing production level. Nonetheless, updated UNIDO forecasts anticipate an unprecedented decline in global manufacturing of 8.7% for 2020. Moreover, the global economy witnessed a 4.3% contraction in 2020, however, the economy is expected to expand by 4% in 2021, as revealed by the world bank. These all factors would be demand drivers for the automated storage and retrieval system in the forecasted years.
Moreover, the promulgating e-commerce sector in the region is resulting in the growing number of the warehouses in united states and Canada. The USA is one of the world’s largest e-commerce markets, with online sales representing close to 20% of all retail sales. As per the Census Bureau of the Department of Commerce, the U.S. retail e-commerce sales for the fourth quarter of 2021, was US$218.5 billion, an increase of 1.7% from the third quarter of 2021. Moreover, the fourth quarter of 2021 e-commerce estimate increased 9.4% from the fourth quarter of 2020.
Industrial Production In North American Countries, (2015=100), 2016-2019
Daifuku Co., Ltd., Murata Machinery, Dematic GmbH & Co. KG, Vanderlande Industries, TGW Logistics Group, System Logistics Spa, Westfalia Technologies, Inc., Honeywell Intelligrated, Swisslog Holding AG, Invata Intralogistics, Inc., etc., are some of the prominent players operating in the Automated Storage and Retrieval System market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.
Insights Presented in the Report
“Amongst type, unit load segment grabbed major market share”
Based on the type, the market is fragmented into Mid Load, Mini Load, Unit Load, Vertical Lift Module, and Others. The unit load segment grabbed the major market share in 2020 and dominated the market. The segment gathered USD XX Mn in 2020. Growing demand to encounter shipping deadlines during peak times is one of the prominent reasons for the segment growth as unit-load AS/RS is used for large loads such as handling full pallets or cases of items. Unit-load AS/RS handle the big jobs that may require moving objects or pallets that weigh a few thousand pounds
“Amongst function, storage segment to grab considerable market share”
Based on the function, the market is fragmented into Assembly, Distribution, Kitting, Order Picking, Storage, and Others. The storage segment grabbed XX% market share. The market of this segment would reach USD XX Mn by 2027. rising need for precise and fast storage systems, consistently growing order volume through online channels and the booming e-commerce sector are some of the driving factors of this segment
“Amongst industry vertical, automotive segment to grab considerable market share”
Based on the industry verticals, the market is fragmented into Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, Healthcare & Pharmaceuticals, and Others. The automotive segment grabbed XX% market share and captured USD XX Mn market in 2020. Continuous advancement in the automotive sector coupled with the rapid adoption of the electric vehicle is leading to the growth of this segment. However, the food & beverage segment would witness a robust CAGR during the forthcoming years
“Europe represents one of the largest markets of Automated Storage and Retrieval System market”
For a better understanding of the market adoption of the Electrostatic Discharge (ESD) Packaging Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe region grabbed XX% market for the automated storage and retrieval system industry and generated revenue of USD XX Million in 2020. However, the Asia-Pacific region would witness the highest CAGR during the forthcoming year.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Automated Storage and Retrieval System (ASRS)|
|2.2.||Research Methodology of the Automated Storage and Retrieval System (ASRS)|
|2.5.||Main Objective of the Automated Storage and Retrieval System (ASRS) Study|
|5||GLOBAL AUTOMATED STORAGE AND RETRIEVAL SYSTEM (ASRS) COVID-19 IMPACT|
|6||GLOBAL AUTOMATED STORAGE AND RETRIEVAL SYSTEM (ASRS) REVENUE, 2019-2027F|
|7.4.||Vertical Lift Module|
|9.4.||Retail & E-Commerce|
|9.5.||Food & Beverages|
|9.6.||Healthcare & Pharmaceuticals|
|10.1.||North America Automated Storage and Retrieval System (ASRS) Market|
|10.1.3.||Rest of North America|
|10.2.||Europe Automated Storage and Retrieval System (ASRS) Market|
|10.2.6.||Rest of Europe|
|10.3.||Asia Pacific Automated Storage and Retrieval System (ASRS) Market|
|10.3.5.||Rest of Asia Pacific|
|10.4.||Rest of World Automated Storage and Retrieval System (ASRS) Market|
|12||AUTOMATED STORAGE AND RETRIEVAL SYSTEM (ASRS) OPPORTUNITIES|
|13||AUTOMATED STORAGE AND RETRIEVAL SYSTEM (ASRS) TRENDS|
|14||LEGAL & REGULATORY FRAMEWORK|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|15.2.1.||Top Product Launches|
|15.2.2.||Top Business Partnerships|
|15.2.3.||Top Business Expansions, Investments and Divestitures|
|15.2.4.||Top Merger and Acquisitions|
|16||VALUE CHAIN ANALYSIS|
|17.1.1.||Company Shares, By Revenue|
|18.1.||Daifuku Co., Ltd.|
|18.3.||Dematic GmbH & Co. KG|
|18.5.||TGW Logistics Group|
|18.6.||System Logistics Spa|
|18.7.||Westfalia Technologies, Inc.|
|18.9.||Swisslog Holding AG|
|18.10.||Invata Intralogistics, Inc.|
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Automated Storage and Retrieval System Market were the three major steps undertaken to create and analyze the demand for Automated Storage and Retrieval System across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Automated Storage and Retrieval System market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Automated Storage and Retrieval System through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Automated Storage and Retrieval System market, we conducted a detailed secondary analysis to gather historical market insights and share for type, function, and industry vertical for major regions. Major segments included in the report are function and industry vertical. Further region and country-level analyses were conducted to evaluate the overall adoption of Automated Storage and Retrieval systems across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Automated Storage and Retrieval System. Further, we conducted factor analysis using dependent and independent variables such as the growing industrial sector, growth in adoption of electric vehicles, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Automated Storage and Retrieval System industry across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Automated Storage and Retrieval System market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach were applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Automated Storage and Retrieval systems across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Automated Storage and Retrieval System market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Automated Storage and Retrieval System market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of type, function, and industry vertical of the Automated Storage and Retrieval System market.
Main Objective of the Automated Storage and Retrieval System Market Study
The current & future market trends of the Automated Storage and Retrieval System were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Automated Storage and Retrieval System in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, function, and industry vertical
- Define and analysis of the regulatory framework for the Automated Storage and Retrieval System industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Automated Storage and Retrieval System market for the major countries
- The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
- Company profiles of the Automated Storage and Retrieval System market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry