Automated storage and retrieval systems are receiving high momentum across the world. Increasing demand for efficient in supply chain across industries is influencing the market growth. Rapid digitization across the globe among all industry verticals, coupled with a significantly high production rate, is pressurizing the organizations to rely more on machines for enhanced productivity and accuracy. In this era of automation, the automated and programmed machineries play a vital role in reducing the associated cost and time and provide additional features of control, monitoring, and security. A supply chain is one of the key sources of competitive advantage for companies that drive growth in their businesses. Supply chain systems have gained wider and vital importance in the last few years, as a result of high competition in the product-based market. A strong supply chain ensures a proper balance between the supply and demand of the product in the market. Thus, many industry verticals such as automotive, food & beverages, electronic & semiconductors, e-commerce, chemicals, aerospace, retail, and pharmaceuticals amongst others are ensuring a strong supply chain for reaching out to their customers. ASRS supports the operational flow of the supply chain at the initial stage. ASRS is applied in slow and medium moving order fulfillment and inventory management applications, ensuring increased efficiency. Thus, rising demands for efficient supply chain implementations are driving the implementations of ASRS among industries.
Kardex Group, Mecalux, S.A., SSI SCHAEFER GROUP, Bastian Solutions, Daifuku Co. Ltd. – Prominent Market Participants in Automated Storage and Retrieval System Market
The global automated storage and retrieval system market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. Europe holds the dominant share in the automated storage and retrieval system market, whereas APAC is expected to be the fastest-growing region in the global market. Various major players in the region are expanding their business in various regions in order to gain traction in the market. For instance, in March 2021, SSI SCHAEFER GROUP singed a project with CHIRON Werke GmbH & Co KG. The company signed a project with CHIRON Group for supplying the installation work stations. This system such as pallet racks will bring automation in the company’s logistic centers. Similarly, in 2021, System Logistics Spa completed a project with PLZENSKY PRAZDROJ A.S. – MEMBER OF ASAHI BREWERIES EUROPE GROUP. The MEMBER OF ASAHI BREWERIES EUROPE GROUP installed 16 counterbalanced AGVs Maxi with single and double forks for a total capacity of 11.000 pallet locations and a throughput of 3.900/3.900 IN/OUT pallets/day. Hence, such an expansion of business for ASRS solutions helps the market to increase in the near future
The top five companies in the automated storage and retrieval system market include Kardex Group, Mecalux, S.A., SSI SCHAEFER GROUP, Bastian Solutions, Daifuku Co. Ltd. The above listing of key players is derived by considering multiple factors such as overall revenue, current automated storage and retrieval system portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global automated storage and retrieval system market ecosystem such as KION GROUP AG, Knapp AG, Swisslog Holding AG, System Logistics Spa, and Vanderlande Industries amongst others.
The outbreak of the covid-19 virus across the globe is expected to have a negative impact on the automated storage and retrieval system market. Businesses across the globe have shifted from traditional to online businesses in order to carry on with their financial activities during the COVID-19 outbreak. This has increased the adoption of ecommerce among the global population. However, the e-commerce companies worldwide have not made much investments in technological advancements across the nations in the sector, thereby, keeping the ASRS market unaffected the growth of the industry. The manufacturing industry has not been spared. This is particularly true in the developing countries. For instance, in Europe, with the government enforcing a national quarantine companies like Fiat Chrysler Automobiles (FCA), for example, has agreed to spread out its factory closures. Three days are spent at three Fiat and Alfa Romeo plants, and two days are spent at other plants that assemble small Jeep and Fiat crossovers. Also, The German auto industry, which is dependent on Chinese supplies, is also in jeopardy. Development at Nissan’s largest plant in the UK, in Sunderland, was halted this week, and others are expected to follow suit. Thus, the huge negative impact on the above-mentioned industries have also adversely impacted the ASRS market across the region.
