Market Research Report
Global Automated Storage and Retrieval System (ASRS) Market 2019-2025
|Global Automated Storage and Retrieval System (ASRS) Market 2019-2025|
Published: May 13, 2019
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Global Automated Storage and Retrieval System (ASRS) Market Size, Share & Trends Analysis Report by Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, and Autostore), by Industry (Automobile, Metals & Heavy Machinery, Food & Beverages, Healthcare, Retail, and Others), and Forecast, 2019-2025
Automated storage and recovery system (ASRS) is used in a variety of industries to support processing and picking goods in inventory. This system is widely used in distribution centers, warehouses and manufacturing facilities. ASRS includes a number of computer-controlled systems which are used to place and retrieve loads from various storage locations automatically. There are various advantages of this system such as it allows to enhance the inventory tracking, reduce the labor cost, and utilize space efficiently. The factors such as the increasing demand for automation in various industries and the demand for optimum utilization of spaces are increasing, which has significant impact on the market growth. However, this system is mainly suitable for non-variable operation which is limiting the growth of the market. Although, technological advancement in this market such as the emergence of mid-load & pallet shuttle technologies is expected to boost the market growth in the near future. The global market for ASRS is segmented on the basis of type and industry. On the basis of type, the market is further segmented into the unit load, mini load, vertical lift module, carousel, and autostore. Automated unit-load storage and recovery systems typically handle larger loads. The unit load has two forms which are fixed-aisle unit-load cranes and movable-aisle unit-load cranes. Whereas, mini-load usually handles smaller product loads compared to unit-load. Mini-load systems can also be used to buffer and efficiently release sequence products to select or palletize stations and can be used to automatically replenish selection locations such as carton flow.
Geographically, the market has been segmented on the basis of four major regions including North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific has a significant share in the overall market attributed to the increasing demand for automation in various industry such as manufacturing, food and beverage, and automotive industry. Demand for this system has been significantly increasing due to rising labor costs, more stringent employee safety regulations, and the need to improve accuracy with better process control. Countries in this region adopt the strategy by switching to fully automated solutions in order to improve efficiency and reduce long-term operating costs. Additionally, due to the growing number of online shoppers in the region, the retail industry is experiencing huge growth. The major players contributing in the market includes Toyota Industries Corp., Daifuku Co., Ltd., Kardex Group, Swisslog, KION Group, Murata Machinery, Honeywell International, Inc., Schaefer Systems International, Inc., and TGW Logistics Group. These companies are adopting various strategies such as merger, acquisition, and product launch to stay competitive in the market. Recently, in March 2019, SwisslogHolding AG signed an agreement with Rusta to expand its footprint in Norrkoping, Sweden. This is expected to expand company's geographical presences which may contribute in revenue generation in the near future.
The market study of the global ASRS market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for suppliers and distributors, and retailers for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.