The Global Automated Storage & Retrieval Market was valued at US$ 6.3 billion in 2019 and is expected to witness a CAGR of 6.3% between 2020 and 2030.
Automated storage & retrieval system has simplified the order fulfilment process across the increased number of warehouses globally. With rising penetration of e-commerce around the world, the dependency on precise machines to handle the volume of cargo has increased significantly during past five years.
The e-commerce giants are focusing on expanding warehousing capacity and adoption of advanced automation solutions to improve storage, retrieval, and transportation of goods. Automated storage & retrieval systems help in improving the efficiency of the order fulfilment process through utilization of carousels, cranes, shuttles, vertical lift modules (VLMs), and so on.
Owing to the multiple benefits offered by the automated storage and retrieval systems such as efficient utilization of floor space, increased inventory storage density, increased throughput, reduced labor cost, increased order picking accuracy, and other similar advantages, the automated storage & retrieval systems are witnessing increased adoption globally. The global automated storage & retrieval systems market is expected to witness prominent growth during the forecast period.
Europe contributed the largest share to the global automated storage & retrieval system market in 2019 and is expected to expand significantly during the forecast period owing to increased demand for automated systems and expanding e-commerce industry across major countries.
Asia Pacific is anticipated to be the fastest growing market during the forecast period owing to focused warehouse expansion activities implemented by leading e-commerce giants across the emerging countries. Additionally, rising adoption of sophisticated technologies across the supply chain and logistics industry is anticipated to accelerate the growth of the global automated storage & retrieval system market during the forecast period.
Automated Storage & Retrieval System Market Share Analysis, by Geography (2022)
The report titled “Automated Storage & Retrieval System Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global automated storage & retrieval system market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global automated storage & retrieval system market is segmented based on type, application, end use industry, and geography. Based on type, the global automated storage & retrieval system market is segmented into unit load, mini load, vertical lift module, carousel, mid load, auto-store, and others. Based on application, the global automated storage & retrieval system market is segmented into storage, order picking, distribution, assembly, kitting, and others. Based on end use industry, the global automated storage & retrieval system market is segmented into automotive & transportation, metals & mining, food & beverages, chemicals, healthcare, semiconductors & electronics, retail, aerospace & defense, and others. Based on geography, the global automated storage & retrieval system market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on automated storage & retrieval system.
Further, market share of prominent companies in the global automated storage & retrieval system market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the automated storage & retrieval system companies.
The global automated storage & retrieval system market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the automated storage & retrieval system business segment of the company.
Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global automated storage & retrieval system market.
Major players active in the global automated storage & retrieval system market include Automation Logistics Corporation, AutoStore, Bastian Solutions, Inc., BEUMER Group GmbH & Co. KG, Daifuku Co., Ltd., Dematic, Hänel, IHI Corporation, Kardex Holding AG (Kardex Group), KNAPP AG, Mecalux, S.A., MIAS, Murata Machinery, Ltd., Schaefer Systems International, Inc., Sencorp Inc., SencorpWhite, Swisslog Holding AG, System Logistics S.p.A., TGW Logistics Group, Vanderlande Industries, and Westfalia Technologies Inc.
Market Segmentations:
By Type:
By Application:
By End Use Industry:
By Geography :
The global Automated Storage & Retrieval System market was worth US$ 6.3 billion in 2019.
The global Automated Storage & Retrieval System market is expected to register a CAGR of 6.3% between 2022 and 2032.
Major players operating in the global Automated Storage & Retrieval System market include Automation Logistics Corporation, AutoStore, Bastian Solutions, Inc., BEUMER Group GmbH & Co. KG, Daifuku Co., Ltd., Dematic, Hänel.
Europe contributed the largest share to the global automated storage & retrieval system market
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