PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1364718
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1364718
India Automated Storage and Retrieval Systems Market, By Type ; By Function ; By End User ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Automated Storage and Retrieval Systems (ASRS) Market Size Expands at CAGR of 8.2% to Reach USD 324.2 Million by 2029.
India automated storage and retrieval systems (ASRS) market is flourishing due to an increasing demand for efficient and streamlined warehouse operations across various industries, including e-commerce, manufacturing, and logistics.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India automated storage and retrieval systems (ASRS) market size at USD 299.96 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India automated storage and retrieval systems (ASRS) market size to grow at a CAGR of 8.2% reaching a value of USD 324.2 million by 2029. The growth of the India automated storage and retrieval systems (ASRS) market can be attributed to several key factors. The increasing demand for efficient and streamlined warehouse operations across various industries, including e-commerce, manufacturing, and logistics, is driving the adoption of ASRS solutions. Secondly, advancements in technology, particularly in robotics and automation, have made ASRS systems more sophisticated, reliable, and cost-effective, further encouraging their implementation. Furthermore, government initiatives and policies aimed at promoting industrial automation and digitization are also playing a significant role in fostering the growth of the ASRS market in India. Overall, these factors collectively contribute to the burgeoning demand and subsequent expansion of the ASRS market in the country.
Opportunity: Growth prospects in the healthcare sector
The healthcare sector in India is undergoing rapid expansion and modernization, and this presents significant opportunities for the growth of the automated storage and retrieval systems (ASRS) market. As the demand for healthcare products and services continues to rise, the need for efficient and accurate storage and retrieval of medical supplies, pharmaceuticals, and equipment becomes paramount. ASRS systems, with their ability to optimize storage space and automate retrieval processes, are well-suited to meet these demands. They not only enhance operational efficiency but also contribute to maintaining the integrity and safety of critical healthcare assets. Consequently, as the healthcare sector in India continues its upward trajectory, the ASRS market is poised to play a pivotal role in supporting and enhancing these advancements.
Segmental Information:
India Automated Storage and Retrieval Systems (ASRS) Market - By End User
Based on end user, India automated storage and retrieval systems (ASRS) market is divided into aviation, automotive, chemicals, retail & e-commerce, food & beverages, healthcare & pharmaceuticals, metals & heavy machinery, semiconductors & electronics, and other segments. The automotive segment is expected to grow at the highest CAGR during the forecast period, because of increasing recognition of the benefits of automation in streamlining operations. With the automotive sector's intricate supply chain and high-volume production requirements, the implementation of ASRS systems can significantly enhance efficiency, accuracy, and overall productivity. These systems facilitate organized and space-efficient storage of automotive components, while also expediting their retrieval, ultimately leading to cost savings and improved throughput. As the automotive industry in India continues to evolve and scale, the adoption of ASRS is poised to play a pivotal role in driving its growth and ensuring its competitiveness in the global market.
India Automated Storage and Retrieval Systems (ASRS) Market - By Region
Based on region, the India automated storage and retrieval systems (ASRS) market is divided into North India, South India, East India, and West India. The South India region is expected to grow at the fastest rate in the India Automated Storage and Retrieval Systems (ASRS) market. The Southern region of India, which includes Karnataka, Tamil Nadu, Telangana, and Andhra Pradesh states, has shown significant potential for driving the growth of the automated storage and retrieval systems (ASRS) market. This is attributed to the presence of major technology hubs, well-established manufacturing industries, and prominent ports in cities like Bangalore, Chennai, and Hyderabad. The high industrialization and economic activity in these states make them fertile ground for the implementation of advanced warehouse automation solutions. Additionally, South India's strategic location and well-connected infrastructure contribute to its attractiveness for industries seeking efficient logistics and warehousing solutions.
Impact of COVID-19 on India Automated Storage and Retrieval Systems (ASRS) Market
The COVID-19 pandemic had a dual impact on the India automated storage and retrieval systems (ASRS) market. In the initial phase, there was a slowdown in the implementation of ASRS projects due to disruptions in supply chains, labor shortages, and economic uncertainties. Many businesses focused on immediate priorities like adapting to remote work and managing immediate challenges. However, as the pandemic progressed, there was an increased recognition of the need for resilient and efficient supply chain operations. This led to a surge in demand for ASRS solutions as businesses sought to automate their warehouses to ensure continuity and adaptability in the face of future disruptions. As a result, the latter part of the pandemic saw a notable rebound in the ASRS market, with businesses prioritizing automation for enhanced operational efficiency and adaptability in a post-pandemic landscape.
Competitive Landscape:
The India Automated Storage and Retrieval Systems (ASRS) market is fragmented, with numerous players serving the market. The key players dominating the India Automated Storage and Retrieval Systems (ASRS) market include Bastian Solutions, LLC, Daifuku Co., Ltd., Godrej Consoveyo Logistics Automation Ltd., Kardex Group, KION Group AG, KUKA AG, Murata Machinery Ltd., Pennar Industries Ltd., Toyota Industries Corp, and Swisslog India Pvt Ltd. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Automated Storage and Retrieval Systems (ASRS) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Automated Storage and Retrieval Systems (ASRS) Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Automated Storage and Retrieval Systems (ASRS) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing penetration of ASRS in e-commerce industry
- 3.2.1.2. Surge in demand for ASRS in aviation industry
- 3.2.2. Restraints
- 3.2.2.1. High initial investment and repair costs
- 3.2.2.2. Inadequate technical expertise to manage system operations
- 3.2.3. Opportunities
- 3.2.3.1. Growth prospects in healthcare sector
- 3.2.3.2. Substantial growth in demand for cold chain system
- 3.2.4. Challenges
- 3.2.4.1. Reduction in operational efficiency due to technical faults
- 3.2.4.2. Development of flexible and scalable ASRS solutions
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Automated Storage and Retrieval Systems (ASRS) Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Autostore
- 4.2.1.2. Carousel
- 4.2.1.3. Mid Load
- 4.2.1.4. Mini Load
- 4.2.1.5. Unit Load
- 4.2.1.6. Vertical Lift Module
- 4.2.2. By Function
- 4.2.2.1. Assembly
- 4.2.2.2. Distribution
- 4.2.2.3. Kitting
- 4.2.2.4. Order Picking
- 4.2.2.5. Storage
- 4.2.2.6. Others
- 4.2.3. By End User
- 4.2.3.1. Aviation
- 4.2.3.2. Automotive
- 4.2.3.3. Chemicals
- 4.2.3.4. Retail & E-Commerce
- 4.2.3.5. Food & Beverages
- 4.2.3.6. Healthcare & Pharmaceuticals
- 4.2.3.7. Metals & Heavy Machinery
- 4.2.3.8. Semiconductors & Electronics
- 4.2.3.9. Others
- 4.2.4. By Region
- 4.2.4.1. North India
- 4.2.4.2. South India
- 4.2.4.3. East India
- 4.2.4.4. West India
- 4.2.1. By Type
5. North India Automated Storage and Retrieval Systems (ASRS) Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Function
- 5.2.3. By End User
6. South India Automated Storage and Retrieval Systems (ASRS) Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Function
- 6.2.3. By End User
7. East India Automated Storage and Retrieval Systems (ASRS) Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Function
- 7.2.3. By End User
8. West India Automated Storage and Retrieval Systems (ASRS) Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Function
- 8.2.3. By End User
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Automated Storage and Retrieval Systems (ASRS) Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Automated Storage and Retrieval Systems (ASRS) Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Bastian Solutions, LLC
- 11.2. Daifuku Co., Ltd
- 11.3. Godrej Consoveyo Logistics Automation Ltd
- 11.4. Kardex Group
- 11.5. KION Group AG
- 11.6. KUKA AG
- 11.7. Murata Machinery Ltd
- 11.8. Pennar Industries Ltd
- 11.9. Toyota Industries Corp.
- 11.10. Swisslog India Pvt Ltd
- 11.11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Automated Storage and Retrieval Systems (ASRS) Segmentation
- Figure 2 India Automated Storage and Retrieval Systems (ASRS) Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Automated Storage and Retrieval Systems (ASRS) Market Size, By Value (USD Million), 2019-2029
- Figure 5 India Automated Storage and Retrieval Systems (ASRS) Market Share, By Type, By Value, 2019-2029
- Figure 6 India Automated Storage and Retrieval Systems (ASRS) Market Share, By Function, By Value, 2019-2029
- Figure 7 India Automated Storage and Retrieval Systems (ASRS) Market Share, By End User, By Value, 2019-2029
- Figure 9 North India Automated Storage and Retrieval Systems (ASRS) Market Size, By Value (USD Million), 2019-2029
- Figure 10 North India Automated Storage and Retrieval Systems (ASRS) Market Share, By Type, By Value, 2019-2029
- Figure 11 North India Automated Storage and Retrieval Systems (ASRS) Market Share, By Function, By Value, 2019-2029
- Figure 12 North India Automated Storage and Retrieval Systems (ASRS) Market Share, By End User, By Value, 2019-2029
- Figure 13 South India Automated Storage and Retrieval Systems (ASRS) Market Size, By Value (USD Million), 2019-2029
- Figure 14 South India Automated Storage and Retrieval Systems (ASRS) Market Share, By Type, By Value, 2019-2029
- Figure 15 South India Automated Storage and Retrieval Systems (ASRS) Market Share, By Function, By Value, 2019-2029
- Figure 16 South India Automated Storage and Retrieval Systems (ASRS) Market Share, By End User, By Value, 2019-2029
- Figure 17 East India Automated Storage and Retrieval Systems (ASRS) Market Size, By Value (USD Million), 2019-2029
- Figure 18 East India Automated Storage and Retrieval Systems (ASRS) Market Share, By Type, By Value, 2019-2029
- Figure 19 East India Automated Storage and Retrieval Systems (ASRS) Market Share, By Function, By Value, 2019-2029
- Figure 20 East India Automated Storage and Retrieval Systems (ASRS) Market Share, By End User, By Value, 2019-2029
- Figure 21 West India Automated Storage and Retrieval Systems (ASRS) Market Size, By Value (USD Million), 2019-2029
- Figure 22 West India Automated Storage and Retrieval Systems (ASRS) Market Share, By Type, By Value, 2019-2029
- Figure 23 West India Automated Storage and Retrieval Systems (ASRS) Market Share, By Function, By Value, 2019-2029
- Figure 24 West India Automated Storage and Retrieval Systems (ASRS) Market Share, By End User, By Value, 2019-2029
List of Tables
- Table 1 India Automated Storage and Retrieval Systems (ASRS) Segmentation
- Table 2 India Automated Storage and Retrieval Systems (ASRS) Market Value Chain Analysis
- Table 3 Company Market Share Analysis, 2022
- Table 4 India Automated Storage and Retrieval Systems (ASRS) Market Size, By Value (USD Million), 2019-2029
- Table 5 India Automated Storage and Retrieval Systems (ASRS) Market Share, By Type, By Value, 2019-2029
- Table 6 India Automated Storage and Retrieval Systems (ASRS) Market Share, By Function, By Value, 2019-2029
- Table 7 India Automated Storage and Retrieval Systems (ASRS) Market Share, By End User, By Value, 2019-2029
- Table 9 North India Automated Storage and Retrieval Systems (ASRS) Market Size, By Value (USD Million), 2019-2029
- Table 10 North India Automated Storage and Retrieval Systems (ASRS) Market Share, By Type, By Value, 2019-2029
- Table 11 North India Automated Storage and Retrieval Systems (ASRS) Market Share, By Function, By Value, 2019-2029
- Table 12 North India Automated Storage and Retrieval Systems (ASRS) Market Share, By End User, By Value, 2019-2029
- Table 13 South India Automated Storage and Retrieval Systems (ASRS) Market Size, By Value (USD Million), 2019-2029
- Table 14 South India Automated Storage and Retrieval Systems (ASRS) Market Share, By Type, By Value, 2019-2029
- Table 15 South India Automated Storage and Retrieval Systems (ASRS) Market Share, By Function, By Value, 2019-2029
- Table 16 South India Automated Storage and Retrieval Systems (ASRS) Market Share, By End User, By Value, 2019-2029
- Table 17 East India Automated Storage and Retrieval Systems (ASRS) Market Size, By Value (USD Million), 2019-2029
- Table 18 East India Automated Storage and Retrieval Systems (ASRS) Market Share, By Type, By Value, 2019-2029
- Table 19 East India Automated Storage and Retrieval Systems (ASRS) Market Share, By Function, By Value, 2019-2029
- Table 20 East India Automated Storage and Retrieval Systems (ASRS) Market Share, By End User, By Value, 2019-2029
- Table 21 West India Automated Storage and Retrieval Systems (ASRS) Market Size, By Value (USD Million), 2019-2029
- Table 22 West India Automated Storage and Retrieval Systems (ASRS) Market Share, By Type, By Value, 2019-2029
- Table 23 West Automated Storage and Retrieval Systems (ASRS) Market Share, By Function, By Value, 2019-2029
- Table 24 West India Automated Storage and Retrieval Systems (ASRS) Market Share, By End User, By Value, 2019-2029
- Table 25 Bastian Solutions, LLC Company Overview
- Table 26 Bastian Solutions, LLC Financial Overview
- Table 27 Daifuku Co., Ltd Company Overview
- Table 28 Daifuku Co., Ltd Financial Overview
- Table 29 Godrej Consoveyo Logistics Automation Ltd Company Overview
- Table 30 Godrej Consoveyo Logistics Automation Ltd Financial Overview
- Table 31 Kardex Group Company Overview
- Table 32 Kardex Group Financial Overview
- Table 33 KION Group AG Company Overview
- Table 34 KION Group AG Financial Overview
- Table 35 KUKA AG Company Overview
- Table 36 KUKA AG Financial Overview
- Table 37 Murata Machinery Ltd Company Overview
- Table 38 Murata Machinery Ltd Financial Overview
- Table 39 Pennar Industries Ltd Company Overview
- Table 40 Pennar Industries Ltd Financial Overview
- Table 41 Toyota Industries Corp. Company Overview
- Table 42 Toyota Industries Corp. Financial Overview
- Table 43 Swisslog India Pvt Ltd Company Overview
- Table 44 Swisslog India Pvt Ltd Financial Overview
