Global Automated Storage and Retrieval Systems (ASRS) Markets 2021-2027: Need for Optimum Space Usage and Increased Supply Chain Efficiencies Drives Growth

Dublin, June 30, 2021 (GLOBE NEWSWIRE) -- The "Automated Storage and Retrieval Systems (ASRS) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Automated Storage and Retrieval Systems (ASRS) estimated at US$6.8 Billion in the year 2020, is projected to reach a revised size of US$10.5 Billion by 2027, growing at a CAGR of 6.4% over the analysis period 2020-2027.

Unit Load, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$3.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mini Load segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 22.5% share of the global Automated Storage and Retrieval Systems (ASRS) market.

The U.S. Accounts for Over 23% of Global Market Size in 2020, While China is Forecast to Grow at a 7.7% CAGR for the Period of 2020-2027

The Automated Storage and Retrieval Systems (ASRS) market in the U.S. is estimated at US$1.6 Billion in the year 2020. The country currently accounts for a 22.98% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2027 trailing a CAGR of 7.7% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR while Rest of European market (as defined in the study) will reach US$1.6 Billion by the year 2027.

Vertical Lift Module Segment Corners a 15.8% Share in 2020

In the global Vertical Lift Module segment, USA, Canada, Japan, China and Europe will drive the 7.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$827.8 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027, while Latin America will expand at a 8% CAGR through the analysis period.

Select Competitors

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of COVID-19 Pandemic and a Looming Global Recession
Industrial Activity to Remain Subdued in the Immediate Term
Material Handling Equipment: An Integral Part of Supply Chain
An Introduction to Automated Storage and Retrieval Systems (ASRS)
Types of Automated Storage and Retrieval Technologies & Systems
Functions of AS/RS Systems
Applications of AS/RS Systems
Benefits of Using ASRS
Global ASRS Market: Need for Optimum Space Usage and Increased Supply Chain Efficiencies Drives Growth
ASRS Helping Western Businesses Reshore Manufacturing Operations for the Post-Pandemic World
Developing Economies to Spearhead Growth in ASRS Market
Competition
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS(Total 104 Featured)

Arkrobot.com
Automation Logistics Corporation
Bastian Solutions
Beumer Group GmbH & Co. KG
Daifuku Co., Ltd.
Dematic GmbH
Flexe, Inc.
Green Automated Solutions, Inc.
Kardex Remstar
Knapp AG
Kubo Systems
Mecalux SA
Murata Machinery Ltd.
SSI SCHAFER
Swisslog Holding AG
System Logistics SpA
TGW Logistics Group GmbH
Vanderlande Industries BV

3. MARKET TRENDS & DRIVERS

ASRS System: The Mainstay of Automated Material Handling Logistics
Rising Demand Automated Material Handling Solutions to Favor Growth in AS/RS Market
Automated Storage & Retrieval System Enhances Quality and Efficiency of Warehousing Operations
Fully Automated Warehouses to Become More Common Post-COVID-19 Period
Significant Advantages of AS/RS Systems for Warehouse Automation
Warehouses and Distribution Centers Leverage ASRS in Various Applications
Factors Impacting the Cost of AS/RS Systems for Warehouses & Distribution Centers
Trend towards Industry 4.0 Drives Need for Automated Storage & Retrieval Systems
The Internet of Things Gains Prominence for Automated Storage & Retrieval Systems
Integration of MHE with Warehouse Management Systems to Improve Efficiency
Third Party Logistics (3PL): Expansion in Industrial Manufacturing, Retail and Wholesale Sectors to Drive Market Opportunities
ASRS Systems for E-Commerce Industry: Strong Growth of E-Commerce Market to Boost Market Prospects
COVID-19 Drives Robust Growth in E-Commerce Sales: Potential for ASRS Market
ASRS Emerges as a Vital Aspect of Warehouse and Distribution Automation in Food & Beverage Industry
Changing Conditions in Food & Beverage Industry Drive Adoption of ASRS Technology
Beverage Industry Adopts Automated Material Handling Technology
Transition of Material Handling Needs in Automobile Industry to Support AS/RS Implementations
Recovery in Automotive Industry Post COVID-19 to Steer Demand
Growing Prominence of Automated Storage & Retrieval Systems in Consumer Electronics Production Units
ASRS for Healthcare Warehouse and Supply Chain: Ensuring Efficient Space Use and Managing Supplies
Automated Storage & Retrieval in Hospital Supply Chain
Rising Adoption of Automated Systems in Pharmaceutical Manufacturing Operations to Boost ASRS Market
Automated Storage & Retrieval Systems Continue to Make Gains in Laboratory Applications
Urbanization Ups the Need for Efficient Order Fulfilment Systems
Goods-to-Robot Picking System: An Advancement in Order Fulfillment Automation
Unit Load Systems Seek Bigger Role
Vertical Lift Module Market: An Important Component of ASRS
AutoStore Contributes to Flexible Automation of Warehouses
Plastic Pallets Hold an Edge over Wooden Pallet in ASRS Systems
Plastic Pallets Emerge as Ideal Platforms for Automated Storage and Retrieval Systems
3D Shuttle-Based Pallet ASRS: Addressing Needs of Space Constrained Distribution Facilities
Hybrid AMR and AS/RS Systems Emerge to Address Post Pandemic Industry Needs
Aging Workforce & Focus on Worker Safety Drives Demand for Automated ASRS Systems

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

Post Pandemic World to Present Renewed Opportunities for Automated Material Handling Equipment
Automated Storage and Retrieval Systems Market Poised for Growth
Expanding E-Commerce Industry: Positive Prospects for Automated Systems

CANADA

JAPAN

CHINA

Material Handling Market in China: An Overview
China Remains at Forefront of Growth in the Material Handling Equipment Market
Infrastructure Investments Nurture Growth in Domestic MHE Market

EUROPE

An Overview of European Material Handling Market
Post Pandemic Period to Present Promising Opportunities for European MHE Market
Increasing Investments in Automating Processes Benefits Automated MHE Market

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

BRAZIL

REST OF LATIN AMERICA

MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 104

For more information about this report visit https://www.researchandmarkets.com/r/7tvzy4

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