Automated Storage and Retrieval System (ASRS) Market

Automated Storage and Retrieval System (ASRS) Market with COVID-19 Impact Analysis by Type (Unit Load, Mini Load, VLM, Carousel, Mid Load), Industry, and Region (North America, Europe, APAC, RoW) - Global Forecast to 2026

Report Code: SE 3360 Dec, 2021, by marketsandmarkets.com

ASRS Market

ASRS Market and Top Companies

  • Daifuku- Daifuku is involved in consulting, designing, manufacturing, planning and engineering, installation and operation, and after-sales services for logistics systems and material handling equipment. The company’s core businesses comprise factory & distribution automation (FA&DA), e-Factory automation (eFA), automotive factory automation (AFA), airport technologies (ATec), auto washing technologies (AWT), and electronics. The company mainly provides automated storage and retrieval system (ASRS) under the FA&DA business segment.
  • Murata Machinery- Murata Machinery is a leading manufacturer of machinery, ranging from industrial machines to office automation products. The company develops, manufactures, and sells products in logistics, automation, clean FA, machine tools, sheet metal machinery, textile machinery, communication equipment, control & sensing, and advanced technology categories. The company provides ASRS in its logistics & automation division. Besides ASRS, the division provides transportation systems, picking systems, sorting systems, and data management systems.
  • SSI Schaefer- SSI Schaefer has been recognized as among the world's leading system integrators for all types of automated warehousing and distribution centers. It is a leading provider of intralogistics solutions and products. The company offers product categories such as storage, conveying & transport, picking, handling, and interlinked workstations. SSI Schaefer provides its ASRS products in the storage category. The company has its manufacturing facilities in the US, Mexico, Germany, Austria, Czech Republic, Malaysia, and China, and distribution centers across the world.
  • TGW Logistics- TGW Logistics is a supplier of material handling equipment and automated storage and retrieval systems for warehousing, production, picking, and distribution. TGW Logistics is among the leading providers of highly dynamic, automated, and turnkey logistics solutions. The company engineers, produces, and installs material handling solutions in different sizes for various purposes, ranging from conveyor installation to complex distributions centers. The company serves industries such as apparel, grocery, general merchandise, e-commerce & omnichannel, spare parts & components, and 3PL.
  • Kardex- The company offers intra-logistic solutions, automated storage solutions, and material handling systems. The company operates through its two independently managed divisions: Kardex Remstar and Kardex Mlog. Kardex Remstar develops and produces shuttles and dynamic storage and retrieval systems; Kardex Mlog provides integrated materials handling systems and automated high bay warehouses. Due to the outbreak of the COVID-19 pandemic, Kardex has made some of its patents free to use in the US and Europe to facilitate rapid restart of production activities. This will help the company keep its financial losses to the minimum.

ASRS Market and Top Industries

Automotive- The automotive industry comprises automotive manufacturers, component providers, and suppliers. These players are striving to bring innovation in the industry with an optimum production plan for manufacturing high-quality automobiles and spare parts. Automotive manufacturing involves manufacturing and assembling activities, which includes a wide variety of spare parts. Suppliers of automotive parts have driven the automotive storage industry to develop innovative new product technologies and enable real-time information to offer excellent order fulfillment in terms of efficient product delivery and quality.

Food & beverages- The food & beverages industry is transforming at a rapid rate owing to changing customer preferences, increasing need for food safety, growing trend of processed food and packaged eatables, and rising number of online food-retailing companies. The industry is constantly under the pressure of meeting the quantitative and qualitative demand of its clients in minimum time. To meet the ever-increasing demand of growing population across the world, food & beverages companies are increasingly adopting automation in food processing, packaging, and storing. Technological advances in cold chain storages and transport, and growing acceptance of frozen foods among consumers are a few of the many factors influencing the growth of the ASRS market. To meet these demands, ASRS is extensively used in food & beverages.

Metals & Heavy Machinery- Metals and heavy machinery implement ASRS in warehouses to facilitate intralogistics movement of heavy goods, which is difficult to be done manually. It is also used for storing a variety of small components that are required on a day-to-day basis to be implemented in larger machines. ASRS is used in production facilities of heavy machinery for assembly and storing function. The demands of this industry are mainly met by unit load ASRS and mini load ASRS.

ASRS Market and Top Types

  • Unit Load– Unit load ASRS has a wide range of applications in consumer goods, automotive, publishing, distribution, electronic, food & beverages, pharmaceuticals & medical supplies, retail & apparel, and others. A unit load ASRS offers several benefits; it reduces work-in-progress (WIP) inventory, provides real-time inventory control, improves product quality and productivity, enhances workforce productivity, improves order accuracy and customer services, and ensures high throughput, density storage, and reliability, along with damage-free operations.
  • Mini load- A mini load ASRS is generally smaller than a unit load ASRS in terms of material handling capacity. This type of ASRS can handle small loads and can be implemented wherever space is a constraint. Mini load ASRS provides a fast and efficient solution for containers, trays, cases, and bins. Typically, a mini load ASRS has a vertical height of 10–40 feet and is used for storing books and documents, apart from being used in warehouse applications such as kitting, buffering, staging, and sequencing of stock. Mini load ASRSs are easy to integrate into existing automated storage systems.
  • VLM- The vertical lift module (VLM) is an enclosed ASRS system that consists of two columns of trays and an inserter/extractor in the center. Based on the input given at the control terminal, the inserter/extractor locates the bin in a particular column of trays and then vertically lifts to the position pulls the entire column, and vertically lowers down the tray to the control terminal. The same procedure is used in reverse order for inserting an item in the VLM. The operator picks or places items from the control terminal. The VLM is designed to deliver stored items to the operator, thereby eliminating walk and search time.

[213 Pages Report] The global ASRS market size is projected to grow from USD 7.8 billion in 2021 to USD 11.0 billion by 2026 at a CAGR of 7.2% during the forecast period.

The growth of the ASRS market is majorly driven by growing demand for ASRS in e-commerce due to onset of COVID-19, increasing demand for ASRS in the automotive industry, need for, optimum utilization of space and rise in labor costs, and need for improved accuracy, productivity, and efficiency in supply chain, along with better inventory control.

Automated Storage and Retrieval System (ASRS) Market

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COVID-19 impact on the ASRS market

COVID-19 is an infectious disease caused by the novel coronavirus. Largely unknown before this outbreak across the world, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2020.

COVID-19 has impacted almost all the industries across the world by disrupting the supply chain and hindering various industrial operations. Most companies have halted their manufacturing activities or have reduced it to the bare minimum. COVID-19-responsive measures undertaken by governments, such as lockdown and social distancing, led to the closure of manufacturing plants in the initial stage of the pandemic. With very few industrial operations allowed, aviation and automotive industries are experiencing a decline in the demand for products. These factors and conditions have affected the ASRS market with few developments and solutions expected to be used by these industries during the ongoing crisis.

Market Dynamics

Driver: Rising demand for ASRSs in E-Commerce industry amid covid-19

The e-commerce industry is experiencing a boom owing to the unprecedented rise in the number of online shoppers post the outbreak of COVID-19. The enforcement of social distancing norms, lockdowns, and other measures in response to the COVID-19 pandemic has led consumers to opt for online shopping. This has resulted in a spike in business-to-consumer (B2C) sales as well as an increase in business-to-business (B2B) e-commerce. The increase in B2C sales is particularly evident in online sales of pharmaceuticals, household goods, and food. However, such huge growth in the e-commerce industry has exerted immense pressure to deliver items on time.

In the current scenario, the e-commerce industry is continuously under the pressure of procuring and delivering a huge number of articles within the stipulated time; thus, e-commerce companies have adopted automation in their facilities. The most efficient way to process orders is to use mini loads or shuttles, which bring a case or tote to a goods-to-operator (GTO) picking station. Most distribution centers operate on the principle of operator-to-goods (OTG), wherein the operator must travel to get the product. ASRS, usually a mini load or shuttle system, can automatically bring the product to the operator. By eliminating the travel time, the operator becomes 25% more efficient in a highly dense batch-pick environment and up to 75% or more in a large distribution center (DC) with single-order picking across long distances. ASRSs used in the e-commerce industry can manage a diverse mix of product stock keeping units (SKUs), large SKU ranges, and lead time. This allows e-commerce companies to fulfill the growing consumer demand in an efficient way.

Restraint: Large initial investments for new perforate

ASRS is a highly profitable automation system to be used in warehouses; however, the initial installation of ASRS requires a huge capital investment. Pre-purchase analysis of supply chain and inventory management are required before the actual purchase of the system. The implementation of ASRS involves the installation of racks, automated systems, and software. This entire system incurs a heavy cost. Setting up this system has to be accurate, and thus requires skilled labor. In addition, companies often experience significant ongoing costs for maintaining and updating various subsystems. Making such huge investments is difficult for small and medium-sized enterprises.

Opportunity: Major growth of demand in APAC for cold chain systems

The frozen food market is expected to witness substantial growth in APAC in the coming years. The increased popularity of chilled and frozen foods in APAC reflects changing food preferences as consumers become more affluent; this is leading to the expansion of the infrastructure to support cold chain operations in the region. The growth of the cold chain sector can be largely attributed to globalization, which enables the import and export of perishable foods, technological advancements in cold chain storage and transport, and growing acceptance of frozen foods among consumers. The latest generation of ASRS provides a uniquely flexible and modular design, which has multi-load remote pallet handling capability, ideal for deep-freeze warehouse automation at its coldest (−28°C). This type of ASRS allows rapid configuration to the right storage and retrieval need for almost any application. It provides single-deep, double-deep, triple-deep, and multi-deep storage configuration from floor level up to 40 m (131 feet) high, with the flexibility to handle one as well as multiple loads at a time. High-bay deepfreeze warehouses are ideal for the precise and efficient tracking of frozen food products because of their highly automated and computer-controlled systems.

Challenge: Technical faults causing hindrance in operation and increasing downtime

ASRS is a complex system operating in synchronization with many sensors, motors, and equipment guided by programming software. Any technical issue related to sensing element in ASRS may halt an entire operational process, which leads to additional time and cost to the company. Any fault in the software programming will also lead to improper functioning of the ASRS, thereby delaying the entire production process and increasing the downtime of the facility. This downtime can range from a few minutes to several days. Therefore, system failures adversely affect the process and result in diminishing profits. An ASRS would not be able to contribute to a company’s profitability unless it is properly maintained. This poses a challenge for the players operating in the ASRS market.

Unit Load segment is expected to account for the largest market size in 2021.

Unit load ASRSs are used for storing large-size articles and also provide real-time information on inventory making them more preferable type in several industries compared to other types of ASRS. Moreover, unit load ASRS is a high-density heavy payload ASRS that enables accurate, efficient, safe, and stable handling of full pallets. The market growth is also supported by their wide range of applications in consumer goods, automotive, electronics, food & beverages, pharmaceuticals & medical supplies, and retail & apparel industries.

Automotive industry is expected to contribute the largest share of ASRS market in 2021.

The shift in demand toward electric vehicles and autonomous vehicles has prompted automakers to ramp up automotive manufacturing, which requires automotive spare parts. Automotive suppliers must effectively manage large amounts of goods and variation and breadth of stock. Also, these suppliers need to improve the storage capacity within the available floor space. Thus, automated storage and retrieval systems are increasingly being used to fulfill the requirements related to material handling capacity.

Automated Storage and Retrieval System (ASRS) Market  by Region

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Europe is projected to hold the largest size of the ASRS market during the forecast period.

The presence of a large number of key players in this region, along with the large customer base, is among the major factors driving the ASRS market in Europe. The region has an exceptionally high labor cost; therefore, manufacturers in European countries have been adopting automated solutions to reduce the overall operational costs. Implementing these solutions helps manufacturers maintain a competitive edge by facilitating efficient management of overall warehousing operations. Furthermore, the presence of large companies with global warehousing and distribution operations, and sustained growth of the e-commerce industry are driving the growth of the ASRS market in Europe.

Key Market Players

The ASRS players have implemented various types of organic as well as inorganic growth strategies, such as product launches, product developments, partnerships, and acquisitions to strengthen their offerings in the market. The major players are Daifuku (Japan), Kardex (Switzerland), Murata Machinery (Japan), SSI Schaefer (Germany), TGW Logistics (Austria), KION (Germany), KUKA (Germany) among others.

The study includes an in-depth competitive analysis of these key players in the ASRS market with their company profiles, recent developments, and key market strategies.

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Scope of the Report

:

Report Metric

Details

Years considered

2017–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD million and USD billion)

Segments covered

Type, Industry, and Region

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Daifuku (Japan), Kardex (Switzerland), Murata Machinery (Japan), SSI Schaefer (Germany), TGW Logistics (Austria), KION (Germany), KUKA (Germany). A total of 26 players covered.

This report categorizes the global ASRS market based on Type, industry, and region.

ASRS Market, by Type:

  • Unit Load
  • Mid Load
  • VLM
  • Carousel
  • Mini Load

ASRS Market, by Industry

  • Automotive
  • Metals & Heavy Machinery
  • Food & Beverages
  • Chemicals
  • Healthcare
  • Semiconductor & Electronics
  • Retail
  • Aviation
  • E-commerce
  • Others

ASRS Market, by Region

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

Recent Developments

  • In August 2021, SSI Schaeffer made a contract with ZF Foton and automate a new area of their warehouse in Jiaxing, Zhejiang, china.
  • In May 2021, Toyota Industries partnered with Third wave automation to produce Next Generation Autonomous Material Handling Vehicles By integrating intelligent robot into material handling equipment, the production and distribution of high quality will eventually increase.
  • In February 2020, TGW collaborated with Zalando (Poland). TGW installed the third greenfield facility in a row with highly automated conveying and sorting technology at Zalando’s warehouse facility in Lodz.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
    1.4 SCOPE OF THE STUDY
           1.4.1 MARKET COVERED
                    FIGURE 1 ASRS MARKET SEGMENTATION
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED
           1.4.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
           FIGURE 2 ASRS MARKET: RESEARCH DESIGN
           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 Breakdown of primaries
                    2.1.2.2 Primary interviews with experts
                    2.1.2.3 Key data from primary sources
           2.1.3 SECONDARY & PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    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)
                               FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE FROM PRODUCTS/SOLUTIONS OF ASRS MARKET
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.4.1 ASSUMPTIONS
                    FIGURE 7 ASSUMPTIONS OF RESEARCH STUDY
           2.4.2 LIMITATIONS
           2.4.3 RISK ASSESSMENT
                    FIGURE 8 RISK ASSESSMENT OF RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 9 IMPACT ANALYSIS OF COVID-19 ON ASRS MARKET
    3.1 REALISTIC SCENARIO
           TABLE 1 ASRS MARKET, POST-COVID-19 REALISTIC SCENARIO, 2021–2026
    3.2 PESSIMISTIC SCENARIO
           TABLE 2 ASRS MARKET, POST-COVID-19 PESSIMISTIC SCENARIO, 2021–2026
    3.3 OPTIMISTIC SCENARIO
           TABLE 3 ASRS MARKET, POST-COVID-19 OPTIMISTIC SCENARIO, 2021–2026
           FIGURE 10 UNIT LOAD SEGMENT ACCOUNTED FOR LARGEST SIZE OF ASRS MARKET  IN 2020
           FIGURE 11 AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF ASRS MARKET IN 2021
           FIGURE 12 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ASIA PACIFIC TO PROVIDE LUCRATIVE OPPORTUNITIES FOR ASRS MARKET IN COMING YEARS
           FIGURE 13 ATTRACTIVE GROWTH OPPORTUNITIES IN ASRS MARKET
    4.2 ASRS MARKET, BY TYPE
           FIGURE 14 VLM SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 ASRS MARKET, BY INDUSTRY
           FIGURE 15 AUTOMOTIVE INDUSTRY TO ACCOUNT FOR LARGEST SIZE OF ASRS MARKET IN 2021
    4.4 ASRS MARKET, BY REGION
           FIGURE 16 CHINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 ASRS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Optimum utilization of space and saving of labor costs using ASRS
                    5.2.1.2 Rising demand for ASRS in e-commerce industry amid COVID-19
                    5.2.1.3 Improved supply chain using ASRS to have better accuracy, productivity, and efficiency with enhanced inventory management
                    5.2.1.4 Growing demand for ASRS in automotive industry
                               FIGURE 18 IMPACT ANALYSIS OF DRIVERS FOR ASRS MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Requirement for large initial investments
                    5.2.2.2 Lack of skilled workforce and technical expertise to manage system operations due to COVID-19
                               FIGURE 19 IMPACT ANALYSIS OF RESTRAINTS FOR ASRS MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for cold chain systems in Asia Pacific
                               FIGURE 20 IMPACT ANALYSIS OF OPPORTUNITY FOR ASRS MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Technical faults causing hindrance in operation and increasing downtime
                    5.2.4.2 Offering flexible and scalable ASRS solutions to industries
                               FIGURE 21 IMPACT ANALYSIS OF CHALLENGES FOR ASRS MARKET
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN ANALYSIS OF ASRS MARKET
    5.4 ECOSYSTEM
           FIGURE 23 ECOSYSTEM
           TABLE 4 ASRS MARKET: ECOSYSTEM
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           FIGURE 24 REVENUE SHIFT FOR ASRS MARKET
    5.6 PORTER’S FIVE FORCES ANALYSIS
           TABLE 5 ASRS MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.7 CASE STUDY ANALYSIS
           TABLE 6 MARKET ASSESSMENT FOR HIGH-DENSITY SECURED AS/RS SYSTEM
           TABLE 7 MARKET ASSESSMENT FOR SCALABLE AS/RS SYSTEM
           TABLE 8 MARKET ASSESSMENT FOR ADVANCED DISTRIBUTION CENTER
    5.8 TECHNOLOGY ANALYSIS
           5.8.1 INDUSTRY 4.0
           5.8.2 5G
           5.8.3 MACHINE LEARNING
    5.9 PRICING ANALYSIS
           TABLE 9 AVERAGE PROJECT COST OF ASRS
    5.10 TRADE ANALYSIS
           5.10.1 IMPORT SCENARIO
                     FIGURE 25 IMPORTS, BY KEY COUNTRY, 2016–2020 (USD MILLION)
           5.10.2 EXPORT SCENARIO
                     FIGURE 26 EXPORTS, BY KEY COUNTRY, 2016–2020 (USD MILLION)
    5.11 PATENT ANALYSIS
           FIGURE 27 TOP 10 COMPANIES/INSTITUTIONS WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 10 TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS
           TABLE 11 LIST OF FEW PATENTS IN ASRS MARKET, 2019–2020
    5.12 REGULATORY LANDSCAPE
           5.12.1 SAFETY STANDARDS FOR ASRS
                     TABLE 12 SAFETY STANDARDS FOR ASRS

6 OFFERINGS AND EMERGING APPLICATIONS OF ASRS (Page No. - 68)
    6.1 INTRODUCTION
           6.1.1 OFFERINGS OF ASRS
                    FIGURE 28 OFFERINGS OF ASRS MARKET
           6.1.2 HARDWARE
           6.1.3 SOFTWARE & SERVICES
    6.2 EMERGING APPLICATIONS OF ASRS
           6.2.1 HOSPITALS
           6.2.2 ACADEMIC INSTITUTIONS

7 FUNCTIONS OF ASRS (Page No. - 70)
    7.1 INTRODUCTION
           FIGURE 29 FUNCTIONS OF ASRS
    7.2 STORAGE
           7.2.1 USE OF ASRS STORAGE FUNCTION OFFERS ACCURACY AND EFFICIENT WAREHOUSE MANAGEMENT
    7.3 ORDER PICKING
           7.3.1 ASRS FOR ORDER PICKING VITAL IN MANUFACTURING AND PROCESSING INDUSTRIES
    7.4 DISTRIBUTION
           7.4.1 ASRS MAJORLY USED IN FOOD & BEVERAGES INDUSTRY FOR EFFICIENT DISTRIBUTION
    7.5 ASSEMBLY
           7.5.1 ADOPTION OF ASRS IN NEW ASSEMBLY LINES SIGNIFICANTLY IMPROVE SPEED AND ACCURACY
    7.6 KITTING
           7.6.1 ADVANCEMENT IN ASRS MARKET REDUCES COST WITH BETTER EFFICIENCY IN KITTING
    7.7 OTHERS

8 ASRS MARKET, BY TYPE (Page No. - 74)
    8.1 INTRODUCTION
           FIGURE 30 ASRS MARKET, BY TYPE
           FIGURE 31 UNIT LOAD SEGMENT TO HOLD LARGEST MARKET SHARE IN 2021
           TABLE 13 ASRS MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 14 ASRS MARKET, BY TYPE, 2021–2026 (USD MILLION)
    8.2 UNIT LOAD
           8.2.1 UNIT LOAD HANDLES MORE ITEMS SIMULTANEOUSLY REDUCING HANDLING COST
                    FIGURE 32 AUTOMOTIVE INDUSTRY TO HOLD LARGEST MARKET SHARE FOR UNIT LOAD ASRS
                    TABLE 15 UNIT LOAD ASRS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 16 UNIT LOAD ASRS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 17 UNIT LOAD ASRS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 18 UNIT LOAD ASRS MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.3 MINI LOAD
           8.3.1 HEALTHCARE INDUSTRY TO PROVIDE SIGNIFICANT GROWTH PROSPECTS FOR MINI LOAD ASRS
                    TABLE 19 MINI LOAD ASRS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 20 MINI LOAD ASRS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 21 MINI LOAD ASRS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 22 MINI LOAD ASRS MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.4 VERTICAL LIFT MODULE (VLM)
           8.4.1 VLM USED IN INDUSTRIES SIGNIFICANTLY DUE TO GREATER ACCURACY LEVEL
                    FIGURE 33 AUTOMOTIVE INDUSTRY TO HOLD SIGNIFICANT SHARE DURING FORECAST PERIOD
                    TABLE 23 VLM MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 24 VLM MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 25 VLM MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 26 VLM MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.5 CAROUSEL
           8.5.1 VERTICAL CAROUSEL
                    8.5.1.1 Vertical carousels save floor space and improve storage efficiency
           8.5.2 HORIZONTAL CAROUSEL
                    8.5.2.1 Horizontal carousels provide quick ROI with their use
                               TABLE 27 CAROUSEL ASRS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                               TABLE 28 CAROUSEL ASRS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
                               TABLE 29 CAROUSEL ASRS MARKET, BY REGION, 2017–2020 (USD MILLION)
                               TABLE 30 CAROUSEL ASRS MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.6 MID LOAD
           8.6.1 MID LOAD ASRS CAN MEET REQUIREMENTS OF BOTH MINI LOAD AND UNIT LOAD ASRS
                    FIGURE 34 AUTOMOTIVE INDUSTRY TO CONTRIBUTE LARGEST SHARE OF MID LOAD SEGMENT DURING FORECAST PERIOD
                    TABLE 31 MID LOAD ASRS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 32 MID LOAD ASRS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 33 MID LOAD ASRS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 34 MID LOAD ASRS MARKET, BY REGION, 2021–2026 (USD MILLION)

9 ASRS MARKET, BY INDUSTRY (Page No. - 90)
    9.1 INTRODUCTION
           FIGURE 35 ASRS MARKET, BY INDUSTRY
           FIGURE 36 AUTOMOTIVE INDUSTRY TO CONTINUE TO LEAD ASRS MARKET DURING FORECAST PERIOD
           TABLE 35 ASRS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
           TABLE 36 ASRS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
    9.2 AUTOMOTIVE
           9.2.1 EUROPE TO CONTRIBUTE SIGNIFICANT MARKET SHARE FOR AUTOMOBILE INDUSTRY
                    FIGURE 37 UNIT LOAD EXPECTED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 37 ASRS MARKET FOR AUTOMOTIVE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 39 ASRS MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 40 ASRS MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
    9.3 METALS & HEAVY MACHINERY
           9.3.1 ASRS ENABLES INTRALOGISTICS MOVEMENT OF HEAVY GOODS IN METALS & HEAVY MACHINERY INDUSTRY
                    TABLE 41 ASRS MARKET FOR METALS & HEAVY MACHINERY, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 42 ASRS MARKET FOR METALS & HEAVY MACHINERY, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 43 ASRS MARKET FOR METALS & HEAVY MACHINERY, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 44 ASRS MARKET FOR METALS & HEAVY MACHINERY, BY REGION,  2021–2026 (USD MILLION)
    9.4 FOOD & BEVERAGES
           9.4.1 NEED FOR EFFICIENCY IN FOOD & BEVERAGES INDUSTRY INCREASES DEMAND FOR ASRS
                    FIGURE 38 VLM TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 45 ASRS MARKET FOR FOOD & BEVERAGES, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 46 ASRS MARKET FOR FOOD & BEVERAGES, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 47 ASRS MARKET FOR FOOD & BEVERAGES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 48 ASRS MARKET FOR FOOD & BEVERAGES, BY REGION, 2021–2026 (USD MILLION)
    9.5 CHEMICALS
           9.5.1 DEMAND FOR ASRS TO BE FUELLED BY DIGITALIZATION IN CHEMICALS INDUSTRY
                    TABLE 49 ASRS MARKET FOR CHEMICALS, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 50 ASRS MARKET FOR CHEMICALS, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 51 ASRS MARKET FOR CHEMICALS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 52 ASRS MARKET FOR CHEMICALS, BY REGION, 2021–2026 (USD MILLION)
    9.6 HEALTHCARE
           9.6.1 ASRS MAJORLY USED IN MANUFACTURING, PACKAGING, AND ASSEMBLING PHASES IN HEALTHCARE INDUSTRY
                    FIGURE 39 UNIT LOAD TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD FOR HEALTHCARE INDUSTRY
                    TABLE 53 ASRS MARKET FOR HEALTHCARE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 54 ASRS MARKET FOR HEALTHCARE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 55 ASRS MARKET FOR HEALTHCARE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 56 ASRS MARKET FOR HEALTHCARE, BY REGION, 2021–2026 (USD MILLION)
    9.7 SEMICONDUCTOR & ELECTRONICS
           9.7.1 ASRS DEMAND IS INCREASING DUE TO NEED FOR ACCURACY IN SEMICONDUCTORS MANUFACTURING
                    TABLE 57 ASRS MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY TYPE,  2017–2020 (USD MILLION)
                    TABLE 58 ASRS MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY TYPE,  2021–2026 (USD MILLION)
                    TABLE 59 ASRS MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 60 ASRS MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION,  2021–2026 (USD MILLION)
    9.8 RETAIL
           9.8.1 USE OF ASRS IN RETAIL INDUSTRY FACILITATES EFFICIENT AND TIMELY STORAGE AND RETRIEVAL OF PRODUCTS FROM SHELVES TO CUSTOMERS
                    FIGURE 40 UNIT LOAD TO HAVE SIGNIFICANT MARKET SIZE DURING FORECAST PERIOD
                    TABLE 61 ASRS MARKET FOR RETAIL, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 62 ASRS MARKET FOR RETAIL, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 63 ASRS MARKET FOR RETAIL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 64 ASRS MARKET FOR RETAIL, BY REGION, 2021–2026 (USD MILLION)
    9.9 AVIATION
           9.9.1 ASRS ENABLES EFFORTLESS MANUFACTURING AND ASSEMBLY OF AIRCRAFT
                    TABLE 65 ASRS MARKET FOR AVIATION, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 66 ASRS MARKET FOR AVIATION, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 67 ASRS MARKET FOR AVIATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 68 ASRS MARKET FOR AVIATION, BY REGION, 2021–2026 (USD MILLION)
    9.10 E-COMMERCE
           9.10.1 TRANSIT TIME IN E-COMMERCE INDUSTRY IS DECREASED WITH USE OF ASRS
                    FIGURE 41 VLM AND CAROUSEL EXPECTED TO GROW AT SIGNIFICANT RATES
                    TABLE 69 ASRS MARKET FOR E-COMMERCE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 70 ASRS MARKET FOR E-COMMERCE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 71 ASRS MARKET FOR E-COMMERCE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 72 ASRS MARKET FOR E-COMMERCE, BY REGION, 2021–2026 (USD MILLION)
    9.11 OTHERS
            TABLE 73 ASRS MARKET FOR OTHERS, BY TYPE, 2017–2020 (USD MILLION)
            TABLE 74 ASRS MARKET FOR OTHERS, BY TYPE, 2021–2026 (USD MILLION)
            TABLE 75 ASRS MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
            TABLE 76 ASRS MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)

10 GEOGRAPHIC ANALYSIS (Page No. - 116)
     10.1 INTRODUCTION
             FIGURE 42 ASRS MARKET IN CHINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 77 ASRS MARKET, BY REGION,2017–2020 (USD MILLION)
             TABLE 78 ASRS MARKET, BY REGION,2021–2026 (USD MILLION)
     10.2 NORTH AMERICA
             FIGURE 43 NORTH AMERICA: SNAPSHOT OF ASRS MARKET
             TABLE 79 ASRS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 80 ASRS MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 81 ASRS MARKET IN NORTH AMERICA, BY INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 82 ASRS MARKET IN NORTH AMERICA, BY INDUSTRY, 2021–2026 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Retail industry to significantly contribute to ASRS market in US
             10.2.2 CANADA
                        10.2.2.1 Automotive industry in Canada to fuel ASRS market growth
             10.2.3 MEXICO
                        10.2.3.1 Well-established manufacturing industry to support market growth for ASRS in Mexico
     10.3 EUROPE
             FIGURE 44 EUROPE: SNAPSHOT OF ASRS MARKET
             TABLE 83 ASRS MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 84 ASRS MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 85 ASRS MARKET IN EUROPE, BY INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 86 ASRS MARKET IN EUROPE, BY INDUSTRY, 2021–2026 (USD MILLION)
             10.3.1 GERMANY
                        10.3.1.1 Automotive industry to significantly support ASRS market growth in Germany
             10.3.2 UK
                        10.3.2.1 Market in UK negatively influenced by COVID-19
             10.3.3 FRANCE
                        10.3.3.1 ASRS market in France fueled by manufacturing industries
             10.3.4 REST OF EUROPE
     10.4 ASIA PACIFIC
             FIGURE 45 ASIA PACIFIC: SNAPSHOT OF ASRS MARKET
             TABLE 87 ASRS MARKET IN ASIA PACIFIC, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 88 ASRS MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 89 ASRS MARKET IN ASIA PACIFIC, BY INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 90 ASRS MARKET IN ASIA PACIFIC, BY INDUSTRY, 2021–2026 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Market in China adversely impacted during COVID-19
             10.4.2 JAPAN
                        10.4.2.1 Escalating labor costs and broad industrial base support ASRS market growth in Japan
             10.4.3 AUSTRALIA
                        10.4.3.1 Food & beverages and healthcare industries are major contributors to market growth in Australia
             10.4.4 INDIA
                        10.4.4.1 Automotive manufacturing industries to contribute to ASRS growth in India
             10.4.5 MALAYSIA
                        10.4.5.1 E-commerce industry drives ASRS growth in Malaysia
             10.4.6 TAIWAN
                        10.4.6.1 Semiconductors industry to largely support ASRS market growth in Taiwan
             10.4.7 INDONESIA
                        10.4.7.1 Indonesia emerging as industrial hub for Asia to drive ASRS market growth
             10.4.8 SOUTH KOREA
                        10.4.8.1 Semiconductor industry to fuel market growth in South Korea
             10.4.9 REST OF ASIA PACIFIC
     10.5 ROW
             TABLE 91 ASRS MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
             TABLE 92 ASRS MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
             TABLE 93 ASRS MARKET IN ROW, BY INDUSTRY, 2017–2020 (USD MILLION)
             TABLE 94 ASRS MARKET IN ROW, BY INDUSTRY, 2021–2026 (USD MILLION)
             10.5.1 SOUTH AMERICA
                        10.5.1.1 South America to aid growth in ASRS Market for RoW
             10.5.2 MIDDLE EAST
                        10.5.2.1 Retail sector to underpin ASRS market growth in Middle East
             10.5.3 AFRICA
                        10.5.3.1 Increasing adoption of warehouse automation in Africa to fuel ASRS market growth

11 COMPETITIVE LANDSCAPE (Page No. - 136)
     11.1 OVERVIEW
     11.2 KEY PLAYER STRATEGIES/RIGHT-TO-WIN
             TABLE 95 OVERVIEW OF STRATEGIES ADOPTED BY ASRS VENDORS
     11.3 REVENUE ANALYSIS OF TOP COMPANIES
             FIGURE 46 5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN ASRS MARKET
     11.4 MARKET SHARE ANALYSIS (2020)
             TABLE 96 ASRS MARKET: MARKET SHARE ANALYSIS (2020)
     11.5 COMPANY EVALUATION QUADRANT, 2020
             11.5.1 STAR
             11.5.2 PERVASIVE
             11.5.3 EMERGING LEADER
             11.5.4 PARTICIPANT
                        FIGURE 47 ASRS MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020
     11.6 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2020
             11.6.1 PROGRESSIVE
             11.6.2 RESPONSIVE
             11.6.3 DYNAMIC
             11.6.4 STARTING BLOCK
                        FIGURE 48 ASRS MARKET (GLOBAL) SME EVALUATION QUADRANT, 2020
     11.7 ASRS MARKET: COMPANY FOOTPRINT
             TABLE 97 COMPANY FOOTPRINT
             TABLE 98 COMPANY INDUSTRY FOOTPRINT
             TABLE 99 COMPANY PRODUCT TYPE FOOTPRINT
             TABLE 100 COMPANY REGION FOOTPRINT
     11.8 COMPETITIVE SCENARIO
             11.8.1 PRODUCT LAUNCHES
                    TABLE 101 ASRS MARKET: PRODUCT LAUNCHES, JANUARY 2020−AUGUST 2021
             11.8.2 DEALS
                    TABLE 102 ASRS MARKET: DEALS, JANUARY 2020−AUGUST 2021
             11.8.3 OTHERS
                    TABLE 103 ASRS MARKET: OTHERS, JANUARY 2021−OCTOBER 2021

12 COMPANY PROFILES (Page No. - 151)
(Business overview, Products offered, Recent Developments, MNM view)* 
     12.1 KEY PLAYERS
             12.1.1 DAIFUKU
                    TABLE 104 DAIFUKU: BUSINESS OVERVIEW
                        FIGURE 49 DAIFUKU: COMPANY SNAPSHOT
                    TABLE 105 DAIFUKU: PRODUCTS OFFERED
             12.1.2 MURATA MACHINERY
                    TABLE 106 MURATA MACHINERY: BUSINESS OVERVIEW
                    TABLE 107 MURATA MACHINERY: PRODUCTS OFFERED
                    TABLE 108 MURATA MACHINERY: OTHERS
             12.1.3 SSI SCHAEFER
                    TABLE 109 SSI SCHAEFER: BUSINESS OVERVIEW
                    TABLE 110 SSI SCHAEFER: PRODUCTS OFFERED
                    TABLE 111 SSI SCHAEFER: OTHERS
             12.1.4 TGW LOGISTICS
                    TABLE 112 TGW LOGISTICS: BUSINESS OVERVIEW
                    TABLE 113 TGW LOGISTICS: PRODUCTS OFFERED
                    TABLE 114 TGW LOGISTICS: PRODUCT LAUNCHES
                    TABLE 115 TGW LOGISTICS: DEALS
                    TABLE 116 TGW LOGISTICS: OTHERS
             12.1.5 KARDEX
                    TABLE 117 KARDEX: BUSINESS OVERVIEW
                        FIGURE 50 KARDEX: COMPANY SNAPSHOT
                    TABLE 118 KARDEX: PRODUCTS OFFERED
                    TABLE 119 KARDEX: PRODUCT LAUNCH
             12.1.6 TOYOTA INDUSTRIES
                    TABLE 120 TOYOTA INDUSTRIES: BUSINESS OVERVIEW
           FIGURE 51 TOYOTA INDUSTRIES: COMPANY SNAPSHOT
                    TABLE 121 TOYOTA INDUSTRIES: PRODUCTS OFFERED
                    TABLE 122 TOYOTA INDUSTRIES: DEALS
             12.1.7 BEUMER
                    TABLE 123 BEUMER: BUSINESS OVERVIEW
                    TABLE 124 BEUMER: PRODUCTS OFFERED
                    TABLE 125 BEUMER: DEALS
             12.1.8 KION
                    TABLE 126 KION: BUSINESS OVERVIEW
                        FIGURE 52 KION: COMPANY SNAPSHOT
                    TABLE 127 KION: PRODUCTS OFFERED
                    TABLE 128 KION: PRODUCT LAUNCHES
                    TABLE 129 KION: OTHERS
             12.1.9 KNAPP
                    TABLE 130 KNAPP: BUSINESS OVERVIEW
                    TABLE 131 KNAPP: PRODUCTS OFFERED
                    TABLE 132 KNAPP: DEALS
                    TABLE 133 KNAPP: OTHERS
             12.1.10 MECALUX
                    TABLE 134 MECALUX: BUSINESS OVERVIEW
                    TABLE 135 MECALUX: PRODUCTS OFFERED
                    TABLE 136 MECALUX: OTHERS
             12.1.11 KUKA
                    TABLE 137 KUKA: BUSINESS OVERVIEW
                        FIGURE 53 KUKA: COMPANY SNAPSHOT
                    TABLE 138 KUKA: PRODUCTS OFFERED
                    TABLE 139 KUKA: OTHERS
             12.1.12 SYSTEM LOGISTICS
                    TABLE 140 SYSTEM LOGISTICS: BUSINESS OVERVIEW
                    TABLE 141 SYSTEM LOGISTICS: PRODUCT OFFERED
                    TABLE 142 SYSTEM LOGISTICS: OTHERS
             12.1.13 VANDERLANDE
                    TABLE 143 VANDERLANDE: BUSINESS OVERVIEW
                    TABLE 144 VANDERLANDE: PRODUCTS OFFERED
                    TABLE 145 VANDERLANDE: PRODUCT LAUNCHES
                    TABLE 146 VANDERLANDE: DEALS
                    TABLE 147 VANDERLANDE: OTHERS
             12.1.14 HONEYWELL INTERNATIONAL
                    TABLE 148 HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW
                        FIGURE 54 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
                    TABLE 149 HONEYWELL INTERNATIONAL: PRODUCTS OFFERED
     12.2 OTHER PLAYERS
             12.2.1 AUTOMATION LOGISTIC
                    TABLE 150 AUTOMATION LOGISTIC: COMPANY OVERVIEW
             12.2.2 HAENEL STORAGE SYSTEM
                    TABLE 151 HAENEL STORAGE: COMPANY OVERVIEW
             12.2.3 IHI
                    TABLE 152 IHI: COMPANY OVERVIEW
             12.2.4 MIAS
                    TABLE 153 MIAS: COMPANY OVERVIEW
             12.2.5 SENCORPWHITE
                    TABLE 154 SENCORPWHITE: COMPANY OVERVIEW
             12.2.6 WESTFALIA TECHNOLOGIES
                    TABLE 155 WESTFALIA TECHNOLOGIES: COMPANY OVERVIEW
             12.2.7 INVATA INTRALOGISTICS
                    TABLE 156 INVATA INTRALOGISTICS: COMPANY OVERVIEW
             12.2.8 VIASTORE SYSTEMS
                    TABLE 157 VIASTORE SYSTEM: COMPANY OVERVIEW
             12.2.9 FERRETTO
                    TABLE 158 FERRETTO: COMPANY OVERVIEW
             12.2.10 WITRON
                    TABLE 159 WITRON: COMPANY OVERVIEW
             12.2.11 VIDMAR
                    TABLE 160 VIDMAR: COMPANY OVERVIEW
             12.2.12 AUTOCRIB
                    TABLE 161 AUTOCRIB: COMPANY OVERVIEW
     *Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 

13 ADJACENT AND RELATED MARKET (Page No. - 196)
     13.1 RFID MARKET
     13.2 INTRODUCTION
             FIGURE 55 RFID MARKET, BY PRODUCT
             FIGURE 56 TAGS SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE IN RFID MARKET DURING FORECAST PERIOD
             TABLE 162 RFID MARKET, BY PRODUCT, 2017–2020 (USD BILLION)
             TABLE 163 RFID MARKET, BY PRODUCT, 2021–2026 (USD BILLION)
             TABLE 164 RFID MARKET, BY PRODUCT, 2017–2020 (MILLION UNITS)
             TABLE 165 RFID MARKET, BY PRODUCT, 2021–2026 (MILLION UNITS)
     13.3 TAGS
           13.3.1 TAGS ACCOUNTED FOR LARGEST SHARE OF RFID MARKET IN 2020
     13.4 READERS
             TABLE 166 RFID MARKET, BY READER TYPE, 2017–2020 (USD MILLION)
             TABLE 167 RFID MARKET, BY READER TYPE, 2021–2026 (USD MILLION)
             TABLE 168 RFID MARKET, BY READER TYPE, 2017–2020 (MILLION UNITS)
             TABLE 169 RFID MARKET, BY READER TYPE, 2021–2026 (MILLION UNITS)
             13.4.1 FIXED READERS
                        13.4.1.1 Ruggedness and cost-effectiveness of readers primarily drive fixed readers market
                                 TABLE 170 FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
                                 TABLE 171 FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
                                 TABLE 172 FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020 (THOUSAND UNITS)
                                 TABLE 173 FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026 (THOUSAND UNITS)
             13.4.2 HANDHELD READERS
                        13.4.2.1 Handheld readers are adopted mainly due to their mobility
                                 TABLE 174 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                                 TABLE 175 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                                 TABLE 176 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2017–2020 (THOUSAND UNITS)
                                 TABLE 177 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2021–2026 (THOUSAND UNITS)
                                 TABLE 178 HANDHELD RFID READER MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
                                 TABLE 179 HANDHELD RFID READER MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
                                 TABLE 180 HANDHELD RFID READER MARKET, BY FREQUENCY, 2017–2020 (THOUSAND UNITS)
                                 TABLE 181 HANDHELD RFID READER MARKET, BY FREQUENCY, 2021–2026 (THOUSAND UNITS)
                                 TABLE 182 HANDHELD RFID READER MARKET, BY REGION, 2017–2020 (USD MILLION)
                                 TABLE 183 HANDHELD RFID READER MARKET, BY REGION, 2021–2026 (USD MILLION)
                                 TABLE 184 HANDHELD RFID READER MARKET, BY REGION, 2017–2020 (THOUSAND UNITS)
                                 TABLE 185 HANDHELD RFID READER MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
     13.5 SOFTWARE AND SERVICES
             13.5.1 RECURRING REQUIREMENT OF SERVICES AND GROWING ADOPTION OF CLOUD-BASED MODELS FOR DATA ANALYSIS WOULD DRIVE SOFTWARE AND SERVICES MARKET
                    TABLE 186 RFID SOFTWARE & SERVICES MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 187 RFID SOFTWARE & SERVICES MARKET, BY APPLICATION, 2021–2026 (USD MILLION)

14 APPENDIX (Page No. - 207)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involves four major activities for estimating the size of the ASRS market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the ASRS market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources referred to in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data has been collected and analyzed to arrive at the overall market size estimations, which have been further validated by primary research.

Primary Research

In the primary research process, a number of primary sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative information pertaining to this report. Several primary interviews have been conducted with market experts from both demand and supply sides (ASRS manufacturers and distributors). This primary data has been collected through questionnaires, emails, and telephonic interviews. Approximately 20% of the primary interviews have been conducted with the demand side and 80% with the supply side. This primary data has been collected mainly through telephonic interviews, which accounted for 80% of the total primary interviews. Additionally, questionnaires and emails were used to collect the data.

Automated Storage and Retrieval System (ASRS) Market   Size, and Share

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 ASRS market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value and volume, have been determined through primary and secondary research.
  • 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, the total market has been split into several segments. To complete the overall market engineering process and arrive at 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 the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives:

  • To describe and forecast the automated storage and retrieval system (ASRS) market, in terms of value, by type and industry
  • To forecast the ASRS market size, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To analyze the impact of COVID-19 on the ASRS market
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To provide a detailed overview of the value chain of the ASRS ecosystem
  • To strategically analyze micromarkets1 about 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 competencies2, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as contracts, acquisitions, product launches, and expansions & partnerships in the ASRS market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:

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