Automated storage and retrieval systems (AS/RS) are an excellent way to increase productivity and streamline the process of inventory management. Along with reducing the time needed to pick up goods, automated storage and retrieval systems can help minimize the risk to warehouse workers and save floor space. They are also a popular investment for most operations.
AS/RS systems provide high density storage with a compact footprint. They are available in several different sizes to accommodate various load types. They are available as stand-alone units or as integrated solutions with other automated systems. However, they require regular maintenance and repairs. For this reason, it is advisable to consult with a specialist before purchasing an automated storage and retrieval system.
Market Dynamics:
Among the key factors driving the automated storage and retrieval system market is the increasing demand for precision and efficiency. Increasing order velocity and volume is also expected to contribute to the market's growth. Moreover, a large number of industries in the region are also adopting automation technologies.
However, factors like high initial cost and complexities of operating ASRS technologies are expected to hinder growth of the global automated storage and retrieval system market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global automated storage and retrieval system market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global automated storage and retrieval system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Murata Machinery, Ltd., Honeywell Intelligrated, Bastian Solutions, Inc., Dematic, TGW Logistics Group, Daifuku Co., Ltd., KNAPP AG, Beumer Group, SSI Schaefer Group, and Kardex Group
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global automated storage and retrieval system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automated storage and retrieval system market
Detailed Segmentation:
- Global Automated Storage and Retrieval System Market, By Type
- Autostore
- Carousel
- Mid Load
- Mini Load
- Unit Load
- Vertical Lift Module
- Global Automated Storage and Retrieval System Market, By Function
- Assembly
- Distribution
- Kitting
- Order Picking
- Storage
- Others
- Global Automated Storage and Retrieval System Market, By Industry Vertical
- Aviation
- Automotive
- Chemicals
- Retail & E-Commerce
- Food & Beverages
- Healthcare & Pharmaceuticals
- Metals & Heavy Machinery
- Semiconductors & Electronics
- Others
- Global Automated Storage and Retrieval System Market, By Region
- North America
- Europe
- Asia-Pacific
- LAMEA
- Company Profiles:
- Honeywell Intelligrated
- Dematic
- Daifuku Co., Ltd.
- Beumer Group
- Kardex Group
- SSI Schaefer Group
- KNAPP AG
- TGW Logistics Group
- Bastian Solutions, Inc.
- Murata Machinery, Ltd.
