Automated Storage and Retrieval System (ASRS) Market

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Study Objectives
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Market Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Data From Primary Sources
           2.1.3 Secondary & Primary Research
                    2.1.3.1 Key Industry Insights
                    2.1.3.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Arriving at Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 36)
    4.1 Automated Storage and Retrieval System Market, 2019–2024 (USD Billion)
    4.2 Automated Storage and Retrieval System Market, By Type
    4.3 Automated Storage and Retrieval System Market, By Function
    4.4 Automated Storage and Retrieval System Market, By Industry
    4.5 Automated Storage and Retrieval System Market, By Geography

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for ASRS in Automotive Industry
                    5.2.1.2 Optimum Utilization of Space and Rise in Labor Costs
                    5.2.1.3 Improved Accuracy, Productivity, and Efficiency in Supply Chain, Along With Better Inventory Control
           5.2.2 Restraints
                    5.2.2.1 Requirement for Large Initial Investment
                    5.2.2.2 Need for Technical Expertise and Periodic Training
           5.2.3 Opportunities
                    5.2.3.1 Rising Demand for Automation in E-Commerce
                    5.2.3.2 Growing Demand for Cold Chain ASRS in APAC
           5.2.4 Challenges
                    5.2.4.1 Technical Glitches Halt Operational Processes and Increase Downtime
                    5.2.4.2 Providing Flexible and Scalable Solutions
    5.3 Value Chain Analysis

6 Automated Storage and Retrieval System Market, By Type (Page No. - 46)
    6.1 Introduction
    6.2 Unit Load
           6.2.1 Unit Load ASRS to Hold Largest Market During Forecast Period
    6.3 Mini Load
           6.3.1 Increasing Demand in Retail Industry is Fuelling Demand for Mini Load ASRS
    6.4 Vertical Lift Module
           6.4.1 VLM Saves Up to 85% of Floor Space
    6.5 Carousel
           6.5.1 Vertical Carousel
                    6.5.1.1 Optimized Floor Space Offered By Vertical Carousels Drives the Market
           6.5.2 Horizontal Carousel
                    6.5.2.1 Fast Roi Influences Implementation of Horizontal Carousel
    6.6 Mid Load
           6.6.1 Mid Load ASRS Handles Requirements of Both Mini Load and Unit Load ASRS
    6.7 Autostore
           6.7.1 Autostore to Grow at Highest Rate During Forecast Period

7 Automated Storage and Retrieval System Market, By Function (Page No. - 59)
    7.1 Introduction
    7.2 Storage
           7.2.1 Storage to Hold Largest Share of ASRS Market During Forecast Period
    7.3 Order Picking
           7.3.1 Order Picking to Grow at Highest Rate During Forecast Period
    7.4 Distribution
           7.4.1 High Labor Cost to Manage Inventory Drives ASRS Market for Distribution
    7.5 Assembly
           7.5.1 Use of ASRS in Assembly Improves Accuracy and Reduces Time
    7.6 Kitting
           7.6.1 ASRS Offers Better Efficiency and Cost Saving for Kitting
    7.7 Others

8 Automated Storage and Retrieval System Market, By Industry (Page No. - 68)
    8.1 Introduction
    8.2 Automotive
           8.2.1 Automotive to Hold Largest Size of ASRS Market
    8.3 Metals & Heavy Machinery
           8.3.1 Heavy Weight of Products Driving Demand for ASRS in Metals and Heavy Machinery
    8.4 Food & Beverages
           8.4.1 Increasing Need for Fast and Efficient Supply of Food Fuels Demand for ASRS
    8.5 Chemicals
           8.5.1 Digitization in Chemicals Industry to Drive Demand for ASRS
    8.6 Healthcare
           8.6.1 Development in AI Supports ASRS Market Growth
    8.7 Semiconductors & Electronics
           8.7.1 Need for Just-In-Time Delivery of Products Supports ASRS Growth
    8.8 Retail
           8.8.1 ASRS Market in Retail to Grow at Highest Rate
    8.9 Aviation
           8.9.1 Increasing Airline Passengers Fuelling Demand for ASRS in Aircraft Manufacturing
    8.10 E-Commerce
           8.10.1 Shortest Delivery Time of Products Drives ASRS Market in E-Commerce
    8.11 Others
           8.11.1 High Competition to Fuel Demand for ASRS in Texitle Industry

9 Geographic Analysis (Page No. - 94)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 US to Lead ASRS Market in North America During Forecast Period
           9.2.2 Canada
                    9.2.2.1 Automotive in Canada to Aid ASRS Market Growth
           9.2.3 Mexico
                    9.2.3.1 ASRS Market in Mexico to Grow at Highest Rate
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Germany to Hold Largest Size of ASRS Market in Europe
           9.3.2 UK
                    9.3.2.1 Automotive Industry in the UK to Fuel ASRS Market
           9.3.3 France
                    9.3.3.1 ASRS Market in France to Grow at Highest Rate During Forecast Period
           9.3.4 Rest of Europe
                    9.3.4.1 Increasing Manufacturing Facilities to Drive Adoption of ASRS
    9.4 APAC
           9.4.1 China
                    9.4.1.1 China to Hold Largest Size of ASRS Market in APAC
           9.4.2 Japan
                    9.4.2.1 Technological Advancements in Japan to Support ASRS Market Growth
           9.4.3 Australia
                    9.4.3.1 Healthcare Industry of Australia to Support Growth of ASRS Market
           9.4.4 Rest of APAC
                    9.4.4.1 Developing Manufacturing Sector to Support Growth of ASRS Market
    9.5 RoW
           9.5.1 South America
                    9.5.1.1 South America to Lead ASRS Market in RoW
           9.5.2 Middle East
                    9.5.2.1 ASRS Market in Middle East to Grow at Highest Rate
           9.5.3 Africa
                    9.5.3.1 Increasing Warehouse Automation to Support ASRS Market Growth

10 Competitive Landscape (Page No. - 111)
     10.1 Overview
     10.2 Ranking of Players in Automated Storage and Retrieval System Market
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Innovators
             10.3.3 Dynamic Differentiators
             10.3.4 Emerging Companies
     10.4 Strength of Product Portfolio
     10.5 Business Strategy Excellence
     10.6 Competitive Situations & Trends
             10.6.1 Contracts
             10.6.2 Expansions & Partnerships
             10.6.3 Acquisitions
             10.6.4 Product Launches

11 Company Profiles (Page No. - 121)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     11.1 Key Players
             11.1.1 Daifuku
             11.1.2 Kardex Group
             11.1.3 Murata Machinery
             11.1.4 SSI Schaefer
             11.1.5 TGW Logistics Group
             11.1.6 Bastian Solutions
             11.1.7 Beumer Group
             11.1.8 Dematic
             11.1.9 KNAPP
             11.1.10 Mecalux
             11.1.11 Swisslog
             11.1.12 System Logistics Corporation
             11.1.13 Vanderlande Industries
     11.2 Other Key Players
             11.2.1 Automation Logistic Corporation
             11.2.2 Autostore
             11.2.3 Haenel Storage System
             11.2.4 IHI Corporation
             11.2.5 MIAS (Maschinenbau, Industrieanlagen & Service)
             11.2.6 Sencorpwhite
             11.2.7 Westfalia Technologies

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 157)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details

List of Tables (64 Tables)

Table 1 Automated Storage and Retrieval System Market, By Type, 2015–2024 (USD Million)
Table 2 Unit Load ASRS Market, By Function, 2015–2024 (USD Million)
Table 3 Unit Load ASRS Market, By Region, 2015–2024 (USD Million)
Table 4 Mini Load ASRS Market, By Function, 2015–2024 (USD Million)
Table 5 Mini Load ASRS Market, By Region, 2015–2024 (USD Million)
Table 6 Vertical Lift Module Market, By Function, 2015–2024 (USD Million)
Table 7 Vertical Lift Module Market, By Region, 2015–2024 (USD Million)
Table 8 Carousel ASRS Market, By Function, 2015–2024 (USD Million)
Table 9 Carousel ASRS Market, By Region, 2015–2024 (USD Million)
Table 10 Mid Load ASRS Market, By Function, 2015–2024 (USD Million)
Table 11 Mid Load ASRS Market, By Region, 2015–2024 (USD Million)
Table 12 Autostore ASRS Market, By Function, 2015–2024 (USD Million)
Table 13 Autostore ASRS Market, By Region, 2015–2024 (USD Million)
Table 14 Automated Storage and Retrieval System Market, By Function, 2015–2024 (USD Million)
Table 15 Automated Storage and Retrieval System Market for Storage Function, By Type, 2015–2024 (USD Million)
Table 16 Automated Storage and Retrieval System Market for Order Picking, By Type, 2015–2024 (USD Million)
Table 17 Automated Storage and Retrieval System Market for Distribution, By Type, 2015–2024 (USD Million)
Table 18 Automated Storage and Retrieval System Market for Assembly, By Type, 2015–2024 (USD Million)
Table 19 Automated Storage and Retrieval System Market for Kitting, By Type, 2015–2024 (USD Million)
Table 20 Automated Storage and Retrieval System Market for Others, By Type, 2015–2024 (USD Million)
Table 21 Automated Storage and Retrieval System Market, By Industry, 2015–2024 (USD Million)
Table 22 Automated Storage and Retrieval Market for Automotive, By Type, 2015–2024 (USD Million)
Table 23 Automated Storage and Retrieval Market for Automotive, By Function, 2015–2024 (USD Million)
Table 24 Automated Storage and Retrieval Market for Automotive, By Region, 2015–2024 (USD Million)
Table 25 Automated Storage and Retrieval Market for Metals & Heavy Machinery, By Type, 2015–2024 (USD Million)
Table 26 Automated Storage and Retrieval Market for Metals & Heavy Machinery, By Function, 2015–2024 (USD Million)
Table 27 Automated Storage and Retrieval Market for Metals & Heavy Machinery, By Region, 2015–2024 (USD Million)
Table 28 Automated Storage and Retrieval Market for Food & Beverages, By Type, 2015–2024 (USD Million)
Table 29 Automated Storage and Retrieval Market for Food & Beverages, By Function, 2015–2024 (USD Million)
Table 30 Automated Storage and Retrieval Market for Food & Beverages, By Region, 2015–2024 (USD Million)
Table 31 Automated Storage and Retrieval Market for Chemicals, By Type, 2015–2024 (USD Million)
Table 32 Automated Storage and Retrieval Market for Chemicals, By Function, 2015–2024 (USD Million)
Table 33 Automated Storage and Retrieval Market for Chemicals, By Region, 2015–2024 (USD Million)
Table 34 Automated Storage and Retrieval Market for Healthcare, By Type, 2015–2024 (USD Million)
Table 35 Automated Storage and Retrieval Market for Healthcare, By Function, 2015–2024 (USD Million)
Table 36 Automated Storage and Retrieval Market for Healthcare, By Region, 2015–2024 (USD Million)
Table 37 Automated Storage and Retrieval Market for Semiconductors & Electronics, By Type, 2015–2024 (USD Million)
Table 38 Automated Storage and Retrieval Market for Semiconductors & Electronics, By Function, 2015–2024 (USD Million)
Table 39 Automated Storage and Retrieval Market for Semiconductors & Electronics, By Region, 2015–2024 (USD Million)
Table 40 Automated Storage and Retrieval Market for Retail, By Type, 2015–2024 (USD Million)
Table 41 Automated Storage and Retrieval Market for Retail, By Function, 2015–2024 (USD Million)
Table 42 Automated Storage and Retrieval Market for Retail, By Region, 2015–2024 (USD Million)
Table 43 Automated Storage and Retrieval Market for Aviation, By Type, 2015–2024 (USD Million)
Table 44 Automated Storage and Retrieval Market for Aviation, By Function, 2015–2024 (USD Million)
Table 45 Automated Storage and Retrieval Market for Aviation, By Region, 2015–2024 (USD Million)
Table 46 Automated Storage and Retrieval Market for E-Commerce, By Type, 2015–2024 (USD Million)
Table 47 Automated Storage and Retrieval Market for E-Commerce, By Function, 2015–2024 (USD Million)
Table 48 Automated Storage and Retrieval Market for E-Commerce, By Region, 2015–2024 (USD Million)
Table 49 Automated Storage and Retrieval Market for Others, By Type, 2015–2024 (USD Million)
Table 50 Automated Storage and Retrieval Market for Others, By Function, 2015–2024 (USD Million)
Table 51 Automated Storage and Retrieval Market for Others, By Region, 2015–2024 (USD Million)
Table 52 Automated Storage and Retrieval System Market, By Region, 2015–2024 (USD Million)
Table 53 Automated Storage and Retrieval System Market in North America, By Country, 2015–2024 (USD Million)
Table 54 Automated Storage and Retrieval System Market in North America, By Type, 2015–2024 (USD Million)
Table 55 Automated Storage and Retrieval System Market in Europe, By Country, 2015–2024 (USD Million)
Table 56 Automated Storage and Retrieval System Market in Europe, By Type, 2015–2024 (USD Million)
Table 57 Automated Storage and Retrieval System Market in APAC, By Country, 2015–2024 (USD Million)
Table 58 Automated Storage and Retrieval System Market in APAC, By Type, 2015–2024 (USD Million)
Table 59 Automated Storage and Retrieval System Market in RoW, By Region, 2015–2024 (USD Million)
Table 60 Automated Storage and Retrieval System Market in RoW, By Type, 2015–2024 (USD Million)
Table 61 Contracts, 2018–2019
Table 62 Expansions & Partnerships, 2018–2019
Table 63 Acquisitions, 2018
Table 64 Product Launches, 2017–2018

List of Figures (51 Figures)

Figure 1 Automated Storage and Retrieval System Market Segmentation
Figure 2 Automated Storage and Retrieval System Market: Research Design
Figure 3 Bottom-Up Approach to Arrive at Market Size
Figure 4 Top-Down Approach to Arrive at Market Size
Figure 5 Data Triangulation
Figure 6 Automated Storage and Retrieval System Market Segmentation
Figure 7 Unit Load to Hold Largest Size of Automated Storage and Retrieval System Market in 2018
Figure 8 Storage Function to Hold Largest Share of Automated Storage and Retrieval System Market in 2018
Figure 9 Retail Industry to Grow at Highest CAGR During Forecast Period
Figure 10 APAC to Grow at Highest CAGR During Forecast Period
Figure 11 Growth in Automotive Industry to Boost Automated Storage and Retrieval System Market
Figure 12 Unit Load ASRS to Account Largest Share of Automated Storage and Retrieval System Market From 2019 to 2024
Figure 13 Storage Function to Lead ASRS Market From 2019 to 2024
Figure 14 Automotive Industry to Hold Largest Share of Overall ASRS Market in 2018
Figure 15 US to Hold Largest Share of Automated Storage and Retrieval System Market in 2019
Figure 16 DROC: Automated Storage and Retrieval System Market, 2019
Figure 17 Major Value Added During Manufacturing and System Integrating Stages
Figure 18 Automated Storage and Retrieval System Market, By Type
Figure 19 Unit Load to Hold Largest Size of ASRS Market During Forecast Period
Figure 20 Storage Function to Hold Largest Size of Mini Load ASRS Market During Forecast Period
Figure 21 Europe to Hold Largest Size of Carousel ASRS Market During Forecast Period
Figure 22 Autostore ASRS Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 23 Automated Storage and Retrieval System Market, By Function
Figure 24 Storage Function to Hold Largest Size of ASRS Market During Forecast Period
Figure 25 Unit Load ASRS to Hold Largest Size of ASRS Market for Distribution During Forecast Period
Figure 26 VLM to Grow at Highest Rate During Forecast Period
Figure 27 Automated Storage and Retrieval System Market, By Industry
Figure 28 Automotive to Hold Largest Size of ASRS Market During Forecast Period
Figure 29 Order Picking to Hold Largest Size of ASRS Market for Metals & Heavy Machinery During Forecast Period
Figure 30 Unit Load to Hold Largest Size of ASRS Market for Chemicals Industry During Forecast Period
Figure 31 Europe to Hold Largest Size of ASRS Market in Healthcare During Forecast Period
Figure 32 Unit Load to Hold Largest Size of ASRS Market for Retail During Forecast Period
Figure 33 Europe to Hold Largest Size of ASRS Market in Aviation During Forecast Period
Figure 34 Storage to Hold Largest Size of ASRS Market for Other Industries During Forecast Period
Figure 35 ASRS Market in China to Grow at Highest CAGR During Forecast Period
Figure 36 North America: Snapshot of Automated Storage and Retrieval System Market
Figure 37 Unit Load to Hold Largest Size of ASRS Market in North America During Forecast Period
Figure 38 Europe: Snapshot of Automated Storage and Retrieval System Market
Figure 39 France to Grow at Highest CAGR From 2019 to 2024
Figure 40 APAC: Snapshot of Automated Storage and Retrieval System Market
Figure 41 Unit Load to Hold Largest Size of ASRS Market in APAC During Forecast Period
Figure 42 RoW: Snapshot of Automated Storage and Retrieval System Market
Figure 43 Contracts Emerged as Key Growth Strategy Adopted By Players in Automated Storage and Retrieval System Market From 2017 to 2019
Figure 44 Ranking of Top 5 Players in Automated Storage and Retrieval System Market, 2018
Figure 45 Automated Storage and Retrieval System Market (Global) Competitive Leadership Mapping, 2018
Figure 46 Market Evolution Framework: Contracts Fueled Growth of Automated Storage and Retrieval System Market During 2017–2019
Figure 47 Contracts Was Key Strategy Adopted From 2017 to 2019
Figure 48 Daifuku: Company Snapshot
Figure 49 Kardex Group: Company Snapshot
Figure 50 Murata Machinery: Company Snapshot
Figure 51 TGW Logistics Group: Company Snapshot

The study involved 4 major activities for estimating the current size of the automated storage and retrieval system market. An exhaustive secondary research was carried out to collect information on market. The next step involved the validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as encyclopedias, directories, and databases [Material Handling Industry of America (MHIA), Automated Material Handling Systems Association (AMHSA), Indian Institute of Materials Management (IIMM), OneSource, and Factiva] have been used to identify and collect information for an extensive technical and commercial study of the automated storage and retrieval system market.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess prospects. Key players in the automated storage and retrieval system market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as CEOs, directors, and marketing personnel.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the automated storage and retrieval system market and other dependent submarkets listed in this report.

• The key players in the industry and markets have been identified through extensive secondary research.
• The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size through the estimation process, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

The objectives of the study are as follows:

• To describe and forecast the automated storage and retrieval system (ASRS) market, in terms of value, by type, function, and industry
• To forecast the automated storage and retrieval system market size, in terms of value, by region-North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
• To provide a detailed overview of the value chain of the automated storage and retrieval system ecosystem
• To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
• To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
• To analyze strategic approaches such as contracts, acquisitions, product launches, and expansions & partnerships in the automated storage and retrieval system market

Scope of Report:

In this report, the overall automated storage and retrieval system market has been segmented into type, function, industry, and geography.

Automated Storage and Retrieval System Market, By Type:

• Unit Load
• Mini Load
• Vertical Lift Module
• Carousel
• Mid Load
• Autostore

Automated Storage and Retrieval System Market, By Function

• Storage
• Order Picking
• Distribution
• Assembly
• Kitting
• Others (Waste Handling, Security, and Replenishment)

Automated Storage and Retrieval System Market, By Industry

• Automotive
• Metals & Heavy Machinery
• Food & Beverages
• Chemicals
• Healthcare
• Semiconductors & Electronics
• Retail
• Aviation
• E-Commerce
• Others (Textile and Paper & Print)

Automated Storage and Retrieval System Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • Japan
  • Australia
  • Rest of APAC
• Rest of the World (RoW)
  • South America
  • Middle East

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a company’s specific need. The following customization options are available for the report.

Company information

Detailed analysis and profiling of additional market players (up to 5)