Automated Storage and Retrieval Systems (Asrs) Industry Analysis

The automotive industry has been highly impacted by the pandemic. With the shutdown of manufacturing and distribution processes of both passenger and customer vehicles, the market is highly affected. For instance, Mexico, which is more reliant on exports to the US, witnessed a 90% drop in auto shipments. Thus, the above-mentioned factors are expected to have a negative impact on the automated storage and retrieval system market across the region.

The automated storage and retrieval system market is segmented into type and end user. Based on type, the market is further categorized into unit load ASRS, mini-load ASRS, vertical lift module, vertical carousels, horizontal carousels, AutoStore, and others. The vertical lift module segment represented the largest share of the overall market. Based on end user, the market is further categorized into automotive, electronics & semiconductors, food & beverages, e-commerce, aerospace, chemicals, pharmaceuticals, retail, and others. The e-commerce segment represented the largest share of the overall.

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The automated storage and retrieval system market was valued at US$ 2,417.6 million in 2020 and is projected to reach US$ 4,151.8 million by 2028; it is expected to grow at a CAGR of 6.9% from 2021 to 2028.

Major players operating in the global automated storage and retrieval system market include 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; and Vanderlande Industries.

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.

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• The key findings and recommendations highlight crucial progressive industry trends in the global automated storage and retrieval systems market, thereby allowing players across the value chain to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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TABLE OF CONTENTS

• Automated Storage and Retrieval Systems (ASRS) Market Landscape

• Automated Storage and Retrieval Systems (ASRS) Market – Key Market Dynamics

• Automated Storage and Retrieval Systems (ASRS) Market – Global Analysis

• Automated Storage and Retrieval Systems (ASRS) Market Analysis – By Type

• Automated Storage and Retrieval Systems (ASRS) Market Analysis – By End User

• Automated Storage and Retrieval Systems (ASRS) Market – Geographic Analysis

• Impact of COVID-19 Pandemic on Global Automated Storage and Retrieval Systems (ASRS) Market

• Company Profiles

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