Global Automated Storage & Retrieval System Market Expands with Autostore Segment at a robust CAGR.
The increasing global automated storage &
retrieval system market is driven by rising e-commerce and omnichannel retail
trends, increasing labor costs and workforce challenges during the forecast
period 2024-2028.
According to TechSci Research report, “Global Automated Storage &
Retrieval System Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, The Global Automated Storage &
Retrieval System (AS/RS) market is experiencing a dynamic transformation as
industries worldwide increasingly turn to automation to optimize their supply
chain, warehousing, and distribution operations. Driven by a convergence of
factors such as the rise of e-commerce, labor cost pressures, and the need for
space optimization, the AS/RS market is poised for remarkable growth and
innovation.
In today's competitive business landscape,
automation has emerged as a game-changer, and AS/RS technology stands at the
forefront of this revolution. Companies across various sectors are embracing
automation to streamline operations, reduce errors, and enhance overall
efficiency. AS/RS systems play a pivotal role by automating the storage and retrieval
of goods, ensuring precision and speed in a range of tasks.
The exponential growth of e-commerce and the
evolving demands of omnichannel retail are propelling the AS/RS market's
expansion. Online shopping has become the norm for consumers, intensifying
expectations for swift order fulfillment, diverse product offerings, and
flexible delivery options. AS/RS systems have become indispensable in
addressing these challenges. They automate key processes such as order picking,
packing, and shipping, effectively reducing order processing times and
minimizing errors. Micro-fulfillment centers (MFCs) equipped with AS/RS
technology are emerging as urban solutions to meet the demand for same-day or
even one-hour deliveries. As e-commerce continues to reshape consumer habits,
the AS/RS market plays a pivotal role in optimizing supply chain and logistics
networks.
Escalating labor costs and persistent
workforce challenges are driving businesses to turn to AS/RS technology. Labor
costs represent a substantial portion of operational expenses in warehousing
and distribution. With the demand for faster order fulfillment and heightened
operational efficiency, companies are increasingly seeking to reduce their
reliance on manual labor and mitigate labor shortages. AS/RS systems, with
their ability to excel in order picking, material transport, and inventory
management, offer a solution that optimizes workforce allocation. By automating
routine and repetitive tasks, businesses can allocate their human resources
more strategically within the supply chain, improving productivity and reducing
labor costs.
The need to optimize storage space and
minimize real estate costs is another powerful driver of AS/RS adoption. In
urban areas where real estate comes at a premium, maximizing the use of
available space is a critical consideration for businesses. AS/RS technology
provides an effective solution. By efficiently utilizing vertical storage space
in warehouses and distribution centers, these systems can substantially
increase storage capacity within the same physical footprint. This space
optimization not only leads to significant real estate savings but also allows
companies to operate in smaller, more cost-effective facilities. Industries
such as manufacturing and logistics, where large inventories must be managed,
benefit tremendously from this capability.
Accurate and efficient inventory management is
a fundamental driver for AS/RS adoption. Companies recognize the importance of
maintaining precise control over their inventory to meet customer demands,
minimize carrying costs, and reduce the risk of stockouts or overstock
situations. AS/RS systems offer the capability to maintain real-time inventory
visibility and control. With advanced tracking and software systems, these solutions
accurately track product movement, monitor shelf life, and facilitate
just-in-time inventory replenishment. This heightened level of accuracy
enhances customer satisfaction by ensuring product availability while
minimizing waste and excess inventory, resulting in substantial cost savings.
Moreover, in industries where strict regulatory compliance is imperative, such
as pharmaceuticals and food storage, AS/RS systems equipped with automated
tracking and reporting capabilities help maintain traceability and adherence to
industry standards.
The rapid progression of technology and the
integration of Industry 4.0 principles are driving the evolution of AS/RS
systems. Industry 4.0, characterized by the fusion of digital technologies with
physical systems, is ushering in a new era of smart, connected automation.
AS/RS systems are at the forefront of this transformation. They are being
enhanced with features such as artificial intelligence (AI), machine learning,
data analytics, and the Internet of Things (IoT). These technologies enable
predictive maintenance, real-time data analysis, and proactive system
optimization. AS/RS systems are becoming more adaptive and responsive to
changing demand patterns, allowing businesses to operate with greater agility
and efficiency. Furthermore, the integration of AS/RS systems into broader
enterprise systems, such as warehouse management systems (WMS) and enterprise
resource planning (ERP) software, is enabling end-to-end visibility and control
over supply chain operations. This connectivity is driving efficiency, reducing
lead times, and enhancing decision-making processes.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on the "Global Automated Storage & Retrieval System Market."
The global automated storage & retrieval
system market is segmented into type, function, industry vertical, and region.
Based on type, the market is segmented into autostore, carousel, mid load, mini
load, unit load, and vertical lift module. Based on function, the market is
segmented into assembly, distribution, kitting, order picking, storage, others.
Based on industry vertical, the market is segmented into aviation, automotive,
chemicals, retail & e-commerce, food & beverages, healthcare &
pharmaceuticals, metals & heavy machinery, semiconductors &
electronics, others. Based on region, the market is further bifurcated into
North America, Asia-Pacific, Europe, South America, Middle East & Africa.
Based on industry vertical, retail &
e-commerce dominates in the global automated storage & retrieval system
market in 2022. The Retail & E-commerce industry vertical has emerged as a
dominant force in the Global AS/RS market, primarily driven by the
transformative impact of online shopping and the evolving expectations of
consumers. As the retail landscape undergoes a paradigm shift, characterized by
the rapid growth of e-commerce and the pursuit of seamless omnichannel
experiences, AS/RS technology has become essential.
The exponential growth of e-commerce,
accelerated further by the COVID-19 pandemic, has revolutionized consumer
shopping habits. Shoppers now demand convenience, choice, and speed in their online
purchases, necessitating efficient warehousing and fulfillment processes. AS/RS
systems have risen to this challenge, automating critical functions such as
order picking, packing, and sorting. Micro-fulfillment centers (MFCs) powered
by AS/RS technology are being strategically positioned in urban areas to meet
the demand for same-day and one-hour deliveries, offering retailers a
competitive edge.
Key market players in the global automated
storage & retrieval system market are: -
- Daifuku Co., Ltd.
- Murata Machinery, Ltd.
- SSI Schaefer AG
- TGW Logistics Group GmbH
- Kardex Group
- Knapp AG
- Mecalux S.A.
- Dematic (Kion Group AG)
- Swisslog Holding AG
- System Logistics S.p.A.
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“The Global Automated Storage and Retrieval
System (AS/RS) market is experiencing rapid growth and transformation, driven
by a confluence of factors that are reshaping supply chain and warehousing
practices across industries. The rising adoption of automation in response to
escalating labor costs and workforce challenges is a primary driver. AS/RS
systems offer precision and efficiency in tasks such as order picking, material
transport, and inventory management, reducing labor dependence and mitigating
cost pressures.
Moreover, the e-commerce boom and the demand
for omnichannel retail experiences have made AS/RS technology indispensable for
businesses seeking to meet consumers' expectations for rapid order fulfillment
and seamless shopping experiences. AS/RS solutions automate processes, enabling
businesses to reduce order processing times, minimize errors, and establish
micro-fulfillment centers for urban delivery efficiency.
Space optimization and real estate savings are
also crucial drivers, particularly in densely populated urban areas where real
estate costs are high. AS/RS systems excel in maximizing vertical storage
space, allowing businesses to reduce their physical footprint and save on real
estate expenses. Enhanced inventory management and accuracy, coupled with
technological advancements like AI and IoT integration, are further propelling
the AS/RS market's growth.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Automated Storage & Retrieval System
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028 Segmented By Type (Autostore, Carousel, Mid
Load, Mini Load, Unit Load, and Vertical Lift Module), By Function (Assembly,
Distribution, Kitting, Order Picking, Storage, Others), By Industry Vertical
(Aviation, Automotive, Chemicals, Retail & E-Commerce, Food &
Beverages, Healthcare & Pharmaceuticals, Metals & Heavy Machinery,
Semiconductors & Electronics, Others), By Region, and By Competition,” has evaluated the future growth
potential of Global Automated Storage & Retrieval System Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Automated Storage & Retrieval System
Market.
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