The automated storage and retrieval systems market share is expected to increase by USD 1.65 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.66%.

This automated storage and retrieval systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automated storage and retrieval systems market segmentation by end-user (e-commerce and 3pl, automotive, food and beverages, retail, and others) and Geography (Europe, APAC, North America, South America, and MEA). The automated storage and retrieval systems market report also offers information on several market vendors, including BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Honeywell International Inc., IHI Corp., Kardex AG, KION GROUP AG, Mitsubishi Electric Corp., Murata Manufacturing Co. Ltd., SSI SCHAEFER Group, and Toyota Industries Corp. among others.

What will the Automated Storage And Retrieval Systems Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Automated Storage and Retrieval Systems Market Size for the Forecast Period and Other Important Statistics

Automated Storage And Retrieval Systems Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and after post COVID-19 era. The increasing demand from the automotive industry is notably driving the automated storage and retrieval systems market growth, although factors such as high cost associated with upgrading to automated warehouses may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automated storage and retrieval systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automated Storage And Retrieval Systems Market Driver

The increasing demand from the automotive industry is one of the key factors driving the growth of the global automated storage and retrieval systems market. The automated storage and retrieval systems facilitate automated material storing and retrieval of loads in warehouses. The automated storage and retrieval systems can be categorized into unit load and mini-load systems. Therefore, strong automotive sales, coupled with increasing investments in new automobile plants, have increased the demand for automated storage and retrieval systems. In the automotive industry, APAC has emerged as the most significant market in recent years. The strong growth of the region can be ascertained from its contribution of more than 50% to the market share of global automotive production in 2019. The growth was led by China, India, South Korea, and Japan. Over the last decade, China overtook the US which was the major country in terms of automotive manufacturing. Such initiatives have aided countries in increasing their automotive manufacturing capacity. The increase in investments in the automotive industry is expected to provide high growth opportunities to the vendors of the global automated storage and retrieval systems during the forecast period.

Key Automated Storage And Retrieval Systems Market Trend

The increasing warehouse rental will fuel the global automated storage and retrieval systems market growth. The year-over-year growth rate of global warehouse rental is consistently increasing across various global countries. Among all the global regions, APAC is the fast-growing region for warehouse rentals. Moreover, the rising warehouse rental will increase the demand for automated storage and retrieval systems. Many manufacturers in the end-user segment will set up in-house warehouse services rather than renting from external sources. In the in-house warehouse, the manufacturers will try to implement automated and space-efficient warehouse equipment to reduce their overall cost, which includes labor and equipment operating expenses. In addition, the use of automated storage and retrieval systems can save 60%-70% of space in the warehouse compared with that by traditional storage equipment (such as racks and drawers). Therefore, the demand for automated storage and retrieval systems among the manufacturers across different end-user segments is expected to increase during the forecast period.

Key Automated Storage And Retrieval Systems Market Challenge

The high cost associated with upgrading to automated warehouses is a major challenge for the global automated storage and retrieval systems market growth. Automated storage and retrieval systems have substitutes such as non-automated or traditional storage systems. Although automated storage and retrieval systems have many benefits over their substitutes, they cannot cover a few proportions of end-user segments. However, depending on the requirements of goods movement in a warehouse, automation can be categorized into many types. The preliminary level of automation is called system automation. In this, the warehouse is equipped with radio frequency identification devices (RFID), voice recognition devices, and similar low-level automated warehouse devices. The cost incurred on a preliminary automated warehouse setup is equal to the cost of a traditional warehouse setup. However, an advanced automated warehouse (furnished with automated storage and retrieval equipment and conveyors) setup cost is about five times more than the traditional arrangement. The higher upgrading cost will limit small vendors (in end-user segments) from adopting automated warehouse equipment. Therefore, few proportions of end-user segments are untapped by the automated storage and retrieval system manufacturers.

This automated storage and retrieval systems market analysis report also provide detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automated storage and retrieval systems market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automated storage and retrieval systems market during the forecast period.

Who are the Major Automated Storage And Retrieval Systems Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• BEUMER Group GmbH & Co. KG
• Daifuku Co. Ltd.
• Honeywell International Inc.
• IHI Corp.
• Kardex AG
• KION GROUP AG
• Mitsubishi Electric Corp.
• Murata Manufacturing Co. Ltd.
• SSI SCHAEFER Group
• Toyota Industries Corp.

This statistical study of the automated storage and retrieval systems market encompasses successful business strategies deployed by the key vendors. The automated storage and retrieval systems market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• BEUMER Group GmbH & Co. KG - The company offers automated storage and retrieval solutions for baggage storage.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automated storage and retrieval systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automated Storage And Retrieval Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automated storage and retrieval systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global industrial machinery market. includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automated Storage And Retrieval Systems Market?

For more insights on the market share of various regions Request for a FREE sample now!

39% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the automated storage and retrieval systems market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The increasing demand from the automotive industry will facilitate the automated storage and retrieval systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in countries such as India, Pakistan, Bangladesh, and Japan affected the economy and caused numerous fatalities in the region in 2020. The outbreak led to the temporary shutdown of manufacturing and production units of the automotive, tourism, and travel industries in 2020. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating End-User Segments in the Automated Storage And Retrieval Systems Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The automated storage and retrieval systems market share growth by the E-commerce and 3PL segment will be significant during the forecast period. The global e-commerce industry is thriving due to growing online sales. Online retailers are collaborating with logistics service providers to achieve improved logistics and warehouse operations.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automated storage and retrieval systems market size and actionable market insights on post COVID-19 impact on each segment.

Request for a FREE sample

What are the Key Data Covered in this Automated Storage And Retrieval Systems Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automated storage and retrieval systems market growth during the next five years
• Precise estimation of the automated storage and retrieval systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automated storage and retrieval systems industry across Europe, APAC, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automated storage and retrieval systems market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch