Automated Storage and Retrieval System (ASRS) Market by Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load, and Autostore); by Function (Assembly, Kitting, Order Picking, Distribution, Storage, and Others); for Industry (Automotive, Chemicals, Aviation, Electronics and Semiconductor, E-commerce, Food and Beverages, Healthcare, Metal and Heavy Machinery, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2025

Global automated storage and retrieval system (ASRS) market expected to reach more than USD 11,900 million by 2025 and is expected to grow at a CAGR of more than 9% between 2017 and 2025. The key factors that are driving the automated storage and retrieval system (ASRS) market are the growing need for space optimization and reducing human labor.

09-Apr-2018 | Number of pages: 110 | Report Code: ZMR-2753 | Report Format : | Status : Published

Abstract
  • The report covers forecast and analysis for the automated storage and retrieval system (ASRS) market on a global and regional level.
  • The report includes the positive and the negative factors that are influencing the growth of the market
  • Future opportunities of the market are discussed in the report.
  • The report has been provided in terms of value (USD Million).
  • The revenue generated by the prominent industry players has been analyzed in the report.
  • The market numbers have been calculated using top-down and the bottom-up approaches.
  • The automated storage and retrieval system (ASRS) market has been analyzed using Porter’s Five Forces Analysis.
  • The global automated storage and retrieval system (ASRS) market is segmented on the basis of type, function, industry, and region.
  • All the segments have been evaluated based on the present and the future trends.
  • The report deals with the in-depth quantitative and qualitative analyses of the automated storage and retrieval system (ASRS) market.
  • The report includes the detailed company profiles of the prominent market players.

Market Summary:

ASRS is a computer-controlled system which is basically used for retrieving loads and automatically placing goods from predefined storage locations. ASRS is adopted by various industries such as textile, automotive, chemicals, e-commerce, food & beverages, and others. Automated storage and retrieval systems reduce the labor cost and increase the productivity and efficiency of the business. 

Automated storage and retrieval systems provide benefits such as:

  • High volume of loads can be moved in and out of storage places with ease
  • Provide good storage density 
  • Can control real-time inventory 
  • Better handling ability
  • Eliminates the need for physical inventory inspections

Value

The global automated storage and retrieval system (ASRS) market was valued at around USD 5,400 million in 2016 and it is expected to reach more than USD 11,900 million by 2025. The global automated storage and retrieval system (ASRS) market is expected to grow at a CAGR of more than 9% between 2017 and 2025.

Drivers and Restraints

The key factors that are driving the automated storage and retrieval system (ASRS) market are the growing need for space optimization and reducing human labor. The major factor driving the growth of the global automated storage and retrieval system (ASRS) market is increasing demand for consumer electronic products across the world. Continuous innovation and technological advancements such as artificial intelligence, IoT and virtual reality in consumer electronic products have boosted the demand for this industry. The high demand for consumer electronic products across the globe has created the need for automated storage and retrieval system in consumer electronics industry for managing inventory and picking and storing materials. In addition, automotive industry is anticipated to propel the growth of automated storage and retrieval system market in near future. Increasing demand for electric car is the key driving factor for the growth of the automotive industry. In India, 11 cities are shortlisted by the ministry of heavy industries for the introduction of electric vehicles (EVs) in their public transport systems under the FAME (faster adoption and manufacturing of and electric vehicles in India) scheme.

The high initial investment required for automated storage and retrieval system can limit the growth of the market. However, automated storage and retrieval system can improve productivity and efficiency of the company and also reduces the labor cost. 

Global Monoclonal Antibody Therapeutics Market

Segmentation

By type, autostore segment is expected to register the highest growth of 13% between 2017 and 2025. Autostore system is a storage solution which provides complete configurability and flexibility. Autostore increases the speed and improves the quality of the internal logistics. However, unit load ASRS generated the highest revenues of around USD 1,715 million in 2016. 

On the basis of function, the market is segmented into assembly, kitting, order picking, distribution, storage, and others. Among this, order picking segment is anticipated to grow with highest CAGR of 12% between 2017 and 2025. ASRS is broadly used for picking orders in warehouses, manufacturing plants, and distributions centers. This automated storage and retrieval system picks up the finished orders from the manufacturing plants and transports it to warehouses and distribution centers.

The industry segment includes automotive, chemicals, aviation, electronics and semiconductor, e-commerce, food and beverages, healthcare, metal and heavy machinery, and others. Automotive industry held the largest market share of around 25% owing to increasing continuous demand from the automobile sector. Latest innovation in the automotive industry like driverless car is anticipated to boost the automotive industry. In addition, high investment in electric vehicle by major players such as Forbes, Maruti, Honda, and others are expected to change the scenario of the automotive industry in coming years. Considering these factors, the automotive segment will continue to dominate the market. 

Asia Pacific ASRS market is estimated to register the highest CAGR growth during the forecasted period. Growing e-commerce industry is expected to trigger the growth of the automated storage and retrieval system (ASRS) market. The rising trend of online shopping, increased automotive industry, and innovation in consumer electronic products anticipates propelling the growth of the market. 

Industry Players

The report also covers detailed competitive outlook including company profiles of the key participants operating in the global automated storage and retrieval system (ASRS) market. The key players included in this market are Arkrobot, Automation Logistics Corporation, Bastian Solutions, Inc., Beumer Group, Daifuku Co., Ltd., Dematic GmbH & Co. Kg, Flexe, Inc., Green Automated Solutions, Kardex Group, Knapp AG, Kubo Systems, Mecalux S.A., Murata Machinery, Ltd., SSI Schaefer Group, Swisslog Holding AG, System Logistics Corporation, TGW Logistics Group GmbH, and Vanderlande Industries BV.

The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio. In November 2015, Wynright Corp. a subsidiary of Daifuku North America Holding Company and a leading U.S.-based provider of intelligent material handling systems announced the launch of the AS-30 Sliding Shoe Sorter.


Related Reports

Pressure Control Equipment Market by Component (Valves, Control Heads, Quick Unions, Wellhead Flanges, Christmas Trees, and Adapter Flanges), by Type (High Pressure and Low Pressure), and by Application (Onshore and Offshore): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Mar-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3925 | Report Format:

The report covers forecast and analysis of the pressure control equipment market on a global, regional level. The study provides historical information of 2016, 2017, and 2018 with a forecast from 2019 to 2025 based on revenue (USD Billion). The complete study covers the key drivers and restraints...Read More

Industrial Workwear Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3905 | Report Format:

Global Industrial Workwear Market: Overview Industrial Workwear is a type of protective clothing that is designed to protect the wearers body from hazards such as chemicals, grease, oil, heat etc. It also includes special protective clothing that protects the wearer from pollution and infection ...Read More

Hydronic Control Market by Equipment (Actuators, Valves, Flow Controllers, Control Panels, and Others), by Installation Type (New and Retrofit), and by Application (Residential, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Mar-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3899 | Report Format:

The report covers a forecast and an analysis of the hydronic control market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the hydronic contro...Read More

Industrial Hand Tools Market by Product Type (General Purpose Tools, Metal Cutting Tools, Layout & Measuring Tools, and Taps & Dies) and by Sales Channel (Online Sales, Retail Sales, and Distributor Sales): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2018–2025

Mar-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3875 | Report Format:

The report covers a forecast and an analysis of the industrial hand tools market on a global and regional level. The study provides historical information for 2016, 2017, and 2018 with a forecast from 2019 to 2025 based on volume (Units) and revenue (USD Billion). The study covers the key drivers ...Read More

Concrete Pump Market by Type (Truck-Mounted Concrete Pumps, Stationary Concrete Pumps, and Specialized Concrete Pumps) and by End-User (Industrial, Commercial, and Domestic): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Feb-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3850 | Report Format:

The report covers a forecast and an analysis of the concrete pump market on a global and regional level. The study provides historical information for 2016, 2017, and 2018 with a forecast from 2019 to 2025 based on both volume (Units) and revenue (USD Billion). The study covers the key drivers and...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.