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Automated Storage and Retrieval System Market to Reflect Steady Growth During 2018-2026

Author: Apurva Deshpande
by Apurva Deshpande
Posted: Nov 26, 2018

Automated Storage and Retrieval System Market: Introduction:

Automated storage and retrieval system is a computer controlled system for automatic storage and retrieval of loads or goods in a warehouse or inventory. Automated storage and retrieval system helps in increasing the productivity and efficiency of any warehouse or inventory by reducing the labor size and utilizing the use of space more effectively. Furthermore, the automated storage and retrieval system can handle the high volume of loads effectively and also in safe and secure manner as compared to the manual handling systems.

Automated storage and retrieval system consists of four basic components such as, storage and retrieval machines, rack structure, conveyer (or Automated Guided Vehicles) interface, and warehouse control system. The storage and retrieval machines are controlled by warehouse control system which guides the machines throughout the warehouse. Furthermore, the type of automated storage and retrieval systems to be used depends upon different type of loads or goods. For instance, unit load or aisle systems are used for larger loads and mini load systems are used to handle smaller loads in any warehouse.

Moreover, an automated storage and retrieval systems have many applications in warehouses and material handling industries such as, kitting, storage, order picking, buffering, assembly line, etc. The diversified applications of automated storage and retrieval systems attributed to its benefits associated such as, reduced labor requirement, enhanced product safety, increased productivity and efficiency and reduced product storage and retrieval time.

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Automated Storage and Retrieval System Market: Dynamics:

The Automated storage and retrieval system can increase the overall efficiency of any warehouse environment, providing relatively more safety and convenience than the manual handling systems. Furthermore, automated storage and retrieval systems can offer easy storage and retrieval process of goods, storage optimization by using vertical lift module and effective management of large volume of products. Increasing labor cost and stringent government standards and regulations related to workers safety to push the demand of automation across different industries which is expected to drive the

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Furthermore, increasing industrial sector will increase the need of warehouses and distribution centers across the globe which is expected to trigger the growth of automated storage and retrieval system over the forecast period. However, the initial investment and maintenance cost of automated storage and retrieval systems is very high and requirement of skilled workers to handle the warehouse control system is at high importance. These factors could hamper the growth of automated storage and retrieval market over the forecast period.

Automated Storage and Retrieval System Market: Segmentation:

Global Automated storage and retrieval system market can be segmented into type of systems, applications, end use industries, and region.

On the basis of type of systems, global automated storage and retrieval system market is segmented into:

  • Fixed-Aisle or Unit-Load
  • Movable-Aisle
  • Mini-Load
  • Micro-Load
  • Vertical carousels
  • Horizontal carousels
  • Vertical Lift Module (VLM)

On the basis of applications, global automated storage and retrieval system market is segmented into:

  • Storage
  • Order picking
  • Assembly
  • Kitting
  • Maintenance & Repair Parts
  • Replenishment & Returns
  • Buffering

On the basis of end use industries, global automated storage and retrieval system market is segmented into:

  • Automotive
  • Chemicals
  • Food & Beverage
  • Medical devices and equipment (Healthcare)
  • Semiconductor & Electronics
  • Textile
  • Paper & Pulp
  • Metal & Mining

Automated Storage and Retrieval System Market: Regional Outlook:

Europe is estimated to account for the dominant share in the global automated storage and retrieval system market owing to stringent government regulations by European Commission for material handling. The production facilities of prominent car manufacturers, automotive component supplier warehouses, significant retailing industry to attribute towards prominent share of the region in the global automated storage and retrieval system market over the forecast period. Growing awareness related to workers safety, efficient operations, lowering the lead time, among other factors to drive the North America Automated storage and retrieval system market over the forecast period.

Asia Pacific owing to growing automotive and construction industry in countries such as India, ASEAN, China, and Japan is projected to increase in new warehouses, distributor centers, retailer centers, among others to fuel the global Automated storage and retrieval system market. Latin America and Middle East & Africa regions may register growth in end-use industries with the increasing number of warehouses demanding automated storage and retrieval system.

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Automated Storage and Retrieval System Market: Market Participants:

Some of the market participants in the global automated storage and retrieval system market are:

  • WESTFALIA TECHNOLOGIES, INC.
  • Daifuku Co., Ltd.
  • Invata Intralogisitcs
  • Honeywell Intelligrated
  • Bastian Solutions, Inc.
  • Kardex Group
  • UNARCO MATERIAL HANDLING, INC
  • KION GROUP AG
  • Murata Machinery, Ltd.
  • Schneider Electric
  • Swisslog Holding Ltd
  • Automation Logistics Corporation
  • Ferretto Group S.p.a.
About the Author

Future Market Insights (Fmi) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature.

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Author: Apurva Deshpande

Apurva Deshpande

Member since: Jul 04, 2018
Published articles: 282

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