Global Automated Storage and Retrieval Systems (AS/RS) Market for E-commerce Industry 2017-2021
About Automated Storage and Retrieval Systems (AS/RS)
Automated storage and retrieval systems (AS/RSs) are automated machines that store and retrieve goods from racks automatically. These systems consist of stacker cranes, tall racks, inventory in/out systems, and automated storage and retrieval equipment along with computer management systems. These systems are used for automated placement and retrieval of goods from their specific locations in a warehouse. AS/RS have different product types that are used according to the requirements of the organization and needs of a warehouse. Unit load, mini load, vertical lift module, and carousel are different types of AS/RS. These systems can be used in industries such as food and beverages, electronics, and retail.
Technavio’s analysts forecast the global automated storage and retrieval systems (AS/RS) market for e-commerce industry to grow at a CAGR of 8.84% 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 (as/rs) market for e-commerce industry for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of different types of AS/RS. The types of AS/RS systems mentioned in this report are unit load, mini load, vertical lift module, carousel, and others. The “others” type include micro load, deep lane, man on board, and automated item retrieval system.
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 (AS/RS) Market for E-commerce Industry Market 2017-2021
Technavio recognizes the following companies as the key players in the global automated storage and retrieval systems (as/rs) market for e-commerce industry: Daifuku, SSI SCHAEFER, Dematic, and Vanderlande.
Other Prominent Vendors in the market are: BEUMER Group, Dearborn Mid-West Company, Fives, Flexlink, Intelligrated, Kardex Group, KNAPP, Legris Industries Group, Mecalux, Murata Machinery, Swisslog, and TGW Logistics Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rise in number of companies using online mode to sell. With the rise in the penetration of smartphones and the availability of better connectivity, users of these devices are likely to increasingly shop online. As the number of digital buyers is expected to cross 1.5 billion by 2021 in APAC alone, the new and existing companies are coming up in the e-commerce space. It was estimated that there were nearly about 1 million online stores globally in 2016. These stores have been generating a revenue of $1,000 each or more. It was observed that in the UK there was a rise in the number of small businesses, which exclusively sell online, by 25% to 35% in 2016 over 2015. The rising number of companies coming up online may provide a good opportunity for AS/RS vendors.”
According to the report, one of the major drivers for this market is increased labor cost driving as/rs market. In warehousing, the labor cost is the biggest operating expense for any company. It is estimated that in 2016 for a company, labor cost can amount to 55%–65% of the total warehousing budget. Following were the labor costs in some of the European countries in 2016.
Further, the report states that one of the major factors hindering the growth of this market is High initial investments. In a volatile economic scenario and intense competition among e-commerce firms, it becomes difficult for vendors to bear the cost of AS/RS if the demand decreases with time. Developed economies of Europe and Japan are not showing any positive signs in economic progress. Some of the developing countries such as Brazil are also volatile, with an inflation rate around 10% in 2016.
Daifuku, SSI SCHAEFER, Dematic, Vanderlande, BEUMER Group, Dearborn Mid-West Company, Fives, Flexlink, Intelligrated, Kardex Group, KNAPP, Legris Industries Group, Mecalux, Murata Machinery, Swisslog, and TGW Logistics Group.