Automated Storage And Retrieval System Market Scope And Analysis

Automated Storage and Retrieval Systems (ASRS) Market Report Scope

End User Industry-Based Automated Storage and Retrieval Systems (ASRS) Market Insights

Based on end user industry, the automated storage and retrieval systems (ASRS) market is segmented into automotive, food & beverages, electronic & semiconductors, e-commerce , chemicals, aerospace, retail, pharmaceuticals, and others. The market for the e-commerce segment is growing at a high pace, particularly in developing economies. ASRS enables the optimum utilization of space, which is one of the significant needs for any e-commerce company. E-commerce companies have to maintain a large inventory for the proper flow of goods and to meet the delivery time expected by their customers, making each shipping decision highly critical for these companies. ASRS aids in decreasing supervisory needs, thus, enabling efficiency and helping companies achieve faster deliveries. ASRS not only helps companies reduce labor costs as most of the work is automated but also minimizes the risk of product damage caused by human-related incidents. The rapid increase in the growth of e-commerce has resulted in a customer trend toward smaller orders, and companies are facing problems related to the cost of packing and shipping these smaller or single orders. ASRS enables companies to easily accommodate the increase in single orders while utilizing automation to decrease handling and packaging costs intensely. All these factors are driving the automated storage and retrieval systems (ASRS) market growth for the e-commerce segment.

Players operating in the automated storage and retrieval systems (ASRS) market mainly adopt inorganic growth strategies to stay competitive in the automated storage and retrieval systems (ASRS) market ecosystem.

• In December 2022, System Logistics Corporation and its division, System Logistics Vertique, expanded their operations in the US. SLC invested in expanding its presence in the US market by opening a new office in Atlanta, Georgia and hiring additional staff. Such strategic decisions enhance the company’s position in the automated storage and retrieval systems (ASRS) market.
• In February 2020, Swisslog Holding AG received a major order from IKEA Supply Located at Malaysia. The distribution center is operated by Inter IKEA, and it would be its largest regional distribution center in APAC.  The distribution center would be equipped with a projected storage capacity of 192,800 cubic meters with Vectura pallet stacker cranes and Swisslog’s SynQ warehouse management system.

Market players profiled in this report are:

• Bastian Solutions, Inc.
• Daifuku Co., Ltd.
• KION GROUP AG
• Kardex Group
• Knapp AG
• Mecalux, S.A.
• SSI Schaefer Group
• Swisslog Holding AG
• System Logistics Spa
• Vanderlande Industries