8.0% Global CAGR for Automated storage and retrieval system (ASRS) Market to achieve US$ 4.6 Bn by 2027

SSI SCHAEFER GROUP, SWISSLOG HOLDING AG, SYSTEM LOGISTICS SPA, BASTIAN SOLUTIONS, DAIFUKU CO. LTD – PROMINENT MARKET PARTICIPANTS IN AUTOMATED STORAGE AND RETRIEVAL SYSTEM MARKET

A number of industrial facilities and warehouses are increasing the use of automated solutions to enhance their profits, warehouse operations, comfort as well as worker safety. An ASRS consists of several computer-controlled methods that enable the placement of loads and picking up a function of the load from a storage location. They best serve their purpose at places where high volumes of capacity need to be moved, stored, or retrieved more economically. These systems increase the storage density of loads and thereby overcome the space constraint issues faced by several end-users. These kinds of systems are of use mainly at manufacturing sites, distribution centers, retail, wholesale, and institutions. ASRS helps in automatically bringing items directly to the operator, and can be operated as a standalone system, as well as integrated into a linked system. Some of the common operations of ASRS include consolidation, order picking, buffering, kitting, inventory storage, parts handling, and buffer storage, among others. Mainly designed for these tasks, ASRS systems eliminate walk and search time, thereby increasing productivity and efficiency. Space-efficient ASRS systems also help in reducing underutilized floor space by storing all the materials in one compact area, thus provide larger storage capacity in comparison to shelving and racking in aisles. Furthermore, it helps in reducing labor costs since the automation of processes helps in reducing the involvement of several individuals, and it generally requires one person to operate such systems.

The top five market leaders in this market include SSI SCHAEFER GROUP, Swisslog Holding AG, System Logistics Spa, Bastian Solutions, Daifuku Co. Ltd. The above listing of top players is based on multiple factors such as overall sales, investment in technology up-gradation, and industry activities. Companies have taken several Automated storage and retrieval system (ASRS) market initiatives to expand their footprint, service portfolio across the world and to fulfill the growing demand of the market. In February 2019, Vanderlande Industries partnered with Fizyr to design Artificial Intelligence (AI) for its automated storage solutions. Its automated storage solutions are developed to manage a variety of items common to the warehouse, parcel, and airport markets. Swisslog Holding AG has signed a contract with Broman Group to offer automation at Broman’s Logistics center in Finland. The contract comprises upgrading existing automation, the design of automation, and Swisslog’s SynQ warehouse management system to organize the entire warehouse solution.

The players present in the ASRS market mainly concentrate on the contracts, partnerships, and collaboration, and product developments. Activities for the deployment of new technological solutions across the world is permitting these companies to maintain their brand name globally. Few of the important market initiatives from the industry are mentioned below: