According to Technavio’s latest market research study, the global ASRS market is expected to grow at a CAGR of close to 8% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global automated storage and retrieval systems (ASRS) market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
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The top three revenue contributing end-user segments are discussed below:
Global ASRS market by automotive industry: The adoption of ASRS in the automotive industry is driven by the growing need to enhance throughput, handle increasing volumes, reduce the use of forklift trucks, enhance labor safety, and reduce damage to automotive parts. Developing countries from regions such as APAC and South America are showing an inclination towards automation, which is anticipated to reflect positively on the growth of the market by 2021.
“ASRS in the automotive industry is more common in Europe and the US. Volkswagen, for instance, introduced ASRS in its storage facility, in Wolfsburg, Germany, during 2006. The facility is 20-story building and is fully automated,” says Sharan Raj, a lead analyst at Technavio for research on warehouse and storage.
Global ASRS market by food and beverage industry: The growth of the ASRS market in the food and beverage industry during the forecast period is attributable to the increase in SKU proliferation, transfer of products among various sites, and the need to adhere to the quality of the product. The adoption of ASRS in the food and beverage industry enables tracking of systems, taking quality control measures, linking of different departments, and handling of cartons and bottles of various sizes.
Global ASRS market by retail industry: The adoption of ASRS in the retail industry is fueled primarily by the rapid growth of the e-commerce sector and the subsequent need for warehouse management. Increased SKU proliferation, quick delivery, the light weight of products, and large volumes are the key factors driving the adoption of ASRS in the retail sector. Technavio’s industry analysts estimate the global ASRS market by the retail industry to account for a revenue of more than USD 1 billion by 2021.
The top vendors operating in the global ASRS market are:
- Daifuku
- Dematic
- SSI Schaefer
- Vanderlande Industries
Other prominent vendors in the market include BEUMER Group, Dearborn Mid-West Conveyor, Fives Group, FlexLink, Intelligrated, Kardex, KNAPP Logistics Automation, Legris Industries, Mecalux, Murata Machinery, Swisslog, and TGW Logistics Group.
A more detailed analysis is available in the Technavio report titled, ‘Global ASRS Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automated Guided Vehicle (AGV) Market 2017-2021
- Global Pharmaceutical Warehousing Market 2017-2021
- Global Food and Beverage Warehousing Market 2017-2021
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