Global Automated Storage and Retrieval Systems Market 2017-2021
About Automated Storage and Retrieval Systems
Automated storage and retrieval system (ASRS) is complex automated device having tall racks, stacker cranes, inventory in/out systems, automatic storage and retrieval equipment, and computer management systems. These systems are used for automated retrieval and placement of loads from different defined storage locations. ASRS can be of different types such as unit load, mini load, and tunnel style systems. These systems can be used in various industries such as automotive, retail, and food and beverage (F&B).
Technavio’s analysts forecast the global automated storage and retrieval systems market to grow at a CAGR of 8.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automated storage and retrieval systems market for 2017-2021. To calculate the market size, the report presents the vendor landscape and a corresponding detailed profiling of the market participants across the value chain of the global automated storage and retrieval systems market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automated Storage and Retrieval Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global automated storage and retrieval systems market: Daifuku, Dematic, SSI Schaefer, and Vanderlande Industries.
Other Prominent Vendors in the market are: BEUMER Group, Dearborn Mid-West Conveyor, Fives Group, FlexLink, Intelligrated,Kardex, KNAPP Logistics Automation, Legris Industries, Mecalux, Murata Machinery, Swisslog, and TGW Logistics Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increased R&D spending and miniaturization of AMHE. Companies are spending on R&D for innovative solutions, M&A for new technology, and miniaturization of AMHE for convenience in factory and manufacturing plants. The spending is expected to increase during the forecast period, mainly due to the competition among existing big vendors. This R&D spending will have a direct effect on ASRS as all automated machines are interrelated.”
According to the report, one driver in market is growing e-commerce industry. The global e-commerce industry is growing at a rate of more than 10% annually. Top three markets in the e-commerce industry are China, India, and the U.S. In 2016; China was the biggest market and India registered highest growth rate. It is estimated that India will grow at a CAGR of more than 20% during the forecast period. In the US, e-commerce industry is growing at a high rate as compared with retail industry. In 2016, the retail industry in the US grew around 2% YoY as compared with e-commerce industry, which registered a growth rate of more than 10% YoY. The e-commerce market is directly dependent on the Internet penetration of any region. The following graph shows that Western Europe and North America have high Internet penetration since 2013 until 2019.
Further, the report states that one challenges in market is high initial investment. In a volatile economic scenario, it may be difficult for vendors to bear the initial cost of investment in ASRS, if demand decreases. Developed economies such as Europe and Japan are not giving any clear indication of economic correction. Some developing countries such as China and Brazil are also volatile. The investment may become a liability if the demand goes down. End-user segments, especially small and medium enterprises, that are looking at enhancing their manufacturing and distribution facilities are holding back due to the high cost of ASRS coupled with high maintenance costs. Even large enterprises that contribute major revenue are looking at cutting costs by exploring options, such as renting, acquiring equipment on lease, and choosing second-hand units. Second-hand units can be up to 50% cheaper than newer ones. This trend, however, is limited to non-engineered systems alone.
Daifuku, Dematic, SSI Schaefer, Vanderlande Industries, BEUMER Group, Dearborn Mid-West Conveyor, Fives Group, FlexLink, Intelligrated,Kardex, KNAPP Logistics Automation, Legris Industries, Mecalux, Murata Machinery, Swisslog, and TGW Logistics Group.