The Global Automated Storage and Retrieval Systems Industry Analysis is Projected to Grow USD 14.95 billion at a CAGR of 6.4% During the Forecast Period | No of Pages 160
The latest market analysis by Fortune Business Insights report titled "Automated Storage and Retrieval Systems Market | 2024” presents data and information on the development of the investment structure, technological improvements, market trends and developments, capabilities, and comprehensive information on the key players of the Automated Storage and Retrieval Systems Market.
The global automated storage and retrieval systems market size was valued at USD 8.63 billion in 2023 and is projected to grow from USD 9.08 billion in 2024 to USD 14.95 billion by 2032, exhibiting a CAGR of 6.4% during the forecast period. North America dominated the automated storage and retrieval systems market with a share of 39.04% in 2023.
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List Of Top Key Player Of Automated Storage and Retrieval Systems Market:
- Daifuku Co. Ltd (Japan)
- Murata Machinery Ltd (Japan)
- Kion Group (Dematic) (Germany)
- Vanderlande Industries (Netherlands)
- Knapp AG (Austria)
- Toyota Industries Corporation (Bastian Solutions) (Japan)
- KUKA AG (Swisslog Holdings) (Germany)
- TGW Logistics Corporation (Austria)
- Kardex Group (Switzerland)
- Honeywell International Inc (U.S.)
Global Automated Storage and Retrieval Systems Industry Growth report serves as an ideal solution for a better understanding of the Market. It is helpful in finding out the size of the Market for specific products. These major players operating in this Market are in strong competition in terms of technology, innovation, product development, and product pricing. The Market study aids in making sales forecasts for its products and thereby, establishing harmonious adjustment between demand and supply of its products.
Recent Developments
- March 2024: Dematic, a subsidiary of Kion Group, signed a partnership agreement with PepsiCo, which deals in the convenience food and beverages sector. The basic aim of this agreement was to install AS/RS systems in the production and logistics center at Rojana, Thailand. This system has a capacity of storing 16,520 pallets. This system has advantages such as reducing the number of forklift trucks, reducing accidents, and reducing injuries to people.
- February 2024: Groupe Robert, based in Canada, signed a partnership with Dematic, a subsidiary of Kion Group. The partnership was established to open a new Quebec distribution center in North America. The facility is equipped with one of the tallest cranes, 130 feet for AS/RS systems, which support the fulfillment of frozen and fresh foods from highly controlled cold storage. These systems have a storage capacity of 60,000 pallets - 30,000 for fresh foods and 30,000 for frozen pallets.
- August 2023: Dematic, a subsidiary of Kion Group, signed a partnership with South West Healthcare, based in Victoria, U.S., that deals in providing healthcare-related services. The basic aim of the partnership was to bring automation to logistics operations. This system consists of installing an Autostore system to improve the healthcare product portfolio.
- August 2023: Dematic, a subsidiary of Kion Group, installed a new pallet buffer system for Vectura AS, based in Norway, which deals with logistics companies for alcoholic beverages. This system is installed over 700 square meters. This system can store 460 pallets per hour and retrieve 150 pallets per hour.
- June 2023: Vanderlande Industries provides Fastpick solutions to VF Corporation, based in Ontario, California, and deals in footwear, apparel, and accessories enterprise. This machine can ship 485,000 pallets every day. This machine can handle 10,500 parcel orders every hour.
Market Analysis and Insights: Global Automated Storage and Retrieval Systems Market
The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region, and, as a result, provides a holistic view of, as well as a deep insight into the Automated Storage and Retrieval Systems Market covering all its essential aspects.
For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
Geographically, the report includes research on production, consumption, revenue, market share, and growth rate in following regions:
- North America
- Europe
- Asia-Pacific
- South America
- The Middle East and Africa
Automated Storage and Retrieval Systems Market Segmentations:
By Type
- Unit Load
- Rack Configuration
- Automated Pallet
- Robotic
- Others (Vertical Lift Module, etc.)
By Function
- Assembly
- Storage and Retrieval
- Kitting
- Distribution
- Others (Sorting, etc.)
By Industry
- Automotive
- Food & Beverage
- Retail & E-commerce
- Semiconductor and Electronics
- Healthcare
- General Manufacturing
- Others (Aviation, etc.)
By Region
- North America (By Type, By Function, By Industry, and By Country)
- Europe (By Type, By Function, By Industry, and By Country)
- Asia Pacific (By Type, By Function, By Industry, and By Country)
- Middle East & Africa (By Type, By Function, By Industry, and By Country)
- South America (By Type, By Function, By Industry, and By Country)
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Market Drivers:
- Increasing Demand from E-commerce Sector to Drive the Market Growth
- Technological Advancements in AS/RS Products to Fuel Market Growth
Table of Content (TOC)
- Chapter 1 Automated Storage and Retrieval Systems Industry Overview
- Chapter 2 Global Economic Impact on Industry
- Chapter 3 Global Industry Competition by Manufacturers
- Chapter 4 Global Production, Revenue (Value) by Region
- Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
- Chapter 6 Global Production, Revenue (Value), Price Trend by Type
- Chapter 7 Global Industry Analysis by Application
- Chapter 8 Manufacturing Cost Analysis
- Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
- Chapter 10 Marketing Strategy Analysis, Distributors/Traders
- Chapter 11 Industry Effect Factors Analysis
- Chapter 12 Global Automated Storage and Retrieval Systems Industry Forecast
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Key Benefits of This Market Research:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Automated Storage and Retrieval Systems Market
- Overview of the Regional Outlook of the Automated Storage and Retrieval Systems Market
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