Automated Storage And Retrieval System (ASRS) Market By Type (Unit-Load, Mini-Load, Vertical Lift Module, Carousal, Micro-Load), By Industry (Automotive, Food And Beverages, Chemicals Electronic And Semiconductor, Metal And Machinery, E-Commerce, Third-Party Logistics) - Growth, Future Prospects & Competitive Analysis, 2016 - 2024

The automated storage and retrieval system (ASRS) is an automated system dedicated to material storage, handling, and retrieval when required. ASRS is divided into two parts: the first part comprises a central computer with a human interface. The second part is the storage and retrieval machine. Attributes such as increased accuracy and quick operation are making industries across the world adopt ASRS, thus boosting the growth of the ASRS market.

The automated storage and retrieval systems market is highly driven by the ever-increasing requirement for effective material management systems across industrial organizations. Manufacturing firms spend a fortune on accurate material storage, retrieval, and handling. However, human labor does not appropriately justify the time and money involved in material storage and retrieval.

In order to overcome such issues, manufacturing units and warehouses are opting for automated storage and retrieval systems. Customization and flexibility are other major factors boosting the ASRS market's growth. However, factors such as high installation costs and overall maintenance costs are some of the restraints that affect the ASRS market's growth, as small plants cannot afford such costly automation.

Automated storage and retrieval systems are divided based on their types into unit load ASRS, mini-load ASRS, vertical lift modules, carousel type ASRS, and micro-load ASRS. ASRS is further segmented, on the basis of the end-user industry, into automotive, food and beverages, chemicals, metals and machinery, electronics and semiconductors, e-commerce, third-party logistics, and others. Others include aviation, textiles, paper, and healthcare.

 The report titled "Automated Storage and Retrieval System: Growth, Future Prospects, Competitive Landscape, and Forecast, 2016-2024" offers strategic insights into the global automated storage and retrieval market with a focus on the market size and estimates for the duration of 2014 to 2024.

The said research study covers an in-depth analysis of multiple market segments based on product types, end-use industries, and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 and 2024. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading automated storage and retrieval system manufacturers, their strategies, market positioning, and key developments. Some of the major players profiled in the report are Daifuku Co. Ltd., Schaefer Holdings International GmbH, Murata Machinery Ltd., Mecalux S. A., Vanderlande Industries, Swisslog AG, Kardex AG, Beumer Group GmbH, Fives Group, Knapp Logistics Automation GmbH, TGW Logistic Group GmbH, KuKa System North America, Legris Industries, Wintron GmbH, Flexlink AB, Wynright, viastore Systems, Electric 80, and Dearborn Mid-West Conveyor Co.

Other in-depth analysis provided in the report includes:

  • Current and future market trends justify the forthcoming attractive markets within the automated storage and retrieval system.
  • Market drivers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global automated storage and retrieval system, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

The global automated storage and retrieval system (ASRS) market is segmented, based on its types, into the following categories:

  • Unit-load ASRS
  • Mini-load ASRS
  • Vertical Lift Module
  • Carousal ASRS
  • Mini-load ASRS 

Different types of ASRS are being used for various applications across different sectors for storage and material handling. Unit-load ASRS is the most preferred system across different industrial sectors. Unit-load ASRS is designed to handle a pallet-sized load and has the capacity to lift loads above 2000 kg with exceptional accuracy.

Industries including automotive, chemicals, metals, and machinery prefer unit-load ASRS for storing and retrieving heavy loads. Unit-load ASRS is designed to reach the highest point of storage, where even forklifts are unable to retrieve materials.

All these factors suggest unit-load ASRS is a prime choice of industry for heavy material storage and handling. A rise in the aforesaid industries and an increase in the adoption of unit load ASRS would lead unit load ASRS to dominate this segment during the forecast.

Mini–load ASRS succeeds unit-load ASRS in this segment as of 2015. This system is designed to handle small loads, such as individual parts, tools, and supplies that are contained in bins or drawers in the storage system. Such a system is applicable where the availability of space is limited. Mini-load ASRS finds its application in small warehouses and distribution centers across different storage domains. Suitability for small spaces and low initial investments are making mini-load ASRS the fastest-growing in this segment in the coming years.

The global automated storage and retrieval system market is segmented, based on its industry, into the following categories:

  • Automotive
  • Food and Beverages
  • Chemicals
  • Electronics and Semiconductors
  • Metal and machinery
  • E-commerce
  • Third-party Logistics
  • Others (Aviation, Textiles, Paper, and Healthcare)

 The ASRS is used across various applications such as warehouses, e-commerce, third-party logistics, automotive, food, and beverages, along with consumer product manufacturing. The automotive sector is among the largest consumers of ASRS worldwide.

In an automobile assembly unit, wide arrays of parts are assembled. This requires a highly accurate and effective storage and retrieval system, the failure of which may lead to delays in production and related losses. As a result, ASRS has become highly popular in the automotive industry over time. With steady expected growth across the automotive industry, the segment would maintain its market dominance.

The overall demand for ASRS systems is estimated to remain relatively steady in the electronics and semiconductor industries. Electronics and semiconductor manufacturing units require a wide variety of components, which are usually very delicate and small in size. Storing and retrieval of such parts through ASRS proves to be expensive for small production units. Consequently, deployment of the ASRS system in electronics and semiconductors is still limited.

Further, the e-commerce sector is estimated to witness strong growth during the forecast period. With the rapid proliferation of online shopping, the e-commerce sector is expected to continue demonstrating strong growth in the coming years. In order to carry out a smooth process, e-commerce companies are required to maintain an organized warehouse. As a result, the growing e-commerce sector would significantly drive demand for related warehouse management systems such as ASRS.

The global automated storage and retrieval system market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific
  • Rest of the World (ROW)
  • Middle East and Africa (MEA)
  • Latin America

Europe dominates the overall ASRS market as of 2015. Countries including the U.K., France, Germany, and others have a heavy concentration of manufacturing units. Automotive, food and beverages, metals, and machinery are the predominant industrial sectors in this region. Industries across this region are opting for the automation of different processes of manufacturing, including material storage and handling. Consequently, the adoption of ASRS for material storage and retrieval by industries across this region is growing significantly.

Asia Pacific is estimated to emerge as the fastest-growing region in the overall ASRS market. In recent years, significant growth in manufacturing units has been observed in countries including China, Japan, South Korea, India, and some Southeast Asian countries.

The strong presence of mass manufacturing and warehouses has inculcated a firm requirement for an organized material storage and retrieval system. Companies are adopting sophisticated techniques such as ASRS for efficient and organized material storage and retrieval systems. As a result, demand for ASRS is increasing significantly in the Asia Pacific market in terms of revenue. 

Frequently Asked Question:

The market for Automated Storage And Retrieval System Market is expected to reach USD$ XX in 2024.

The Automated Storage And Retrieval System Market is expected to see significant CAGR growth over the coming years, at 6.8%.

The report is forecasted from 2016 -2024.

The base year of this report is 2015.

Kardex AG, Beumer Group GmbH, Fives Group, Knapp Logistics Automation GmbH. are some of the major players in the global market.

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Published Date:  Jan 2017
Category:  Technology & Media
Report ID:   58340
Report Format:   PDF
Pages:   120
Rating:    4.3 (65)
Delivery Time: 24 Hours to 48 Hours   
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