The Automated Storage and Retrieval Systems (ASRS) Market is Expected to Reach $10.3 Billion, at a CAGR of 6.0% during the Forecast Period, 2020–2027.
Automated Storage and Retrieval Systems (ASRS) are computer-controlled systems capable of handling, storing, and retrieving materials as needed with precision, efficiency, and speed under a defined degree of automation. They can automatically place and retrieve loads from particular storage locations in warehouses. The steady growth of the market is mainly attributed to the surging demand for efficient order fulfillment in the retail industry, increasing order velocity & volumes in the e-commerce sector, growth in the deployment of ASRS by SMEs, technological advancements in ASRS backed by cutting-edge sensor technologies, and the rising need for high-efficiency storage systems. However, factors such as the lengthy installation process and high initial cost are expected to restrain the growth of this market. Also, reluctance to deploy automated systems, particularly in developing countries, is a major challenge for the growth of the global ASRS market.
Here are the top 10 companies operating in Automated Storage And Retrieval Systems Market
Daifuku Co., Ltd.
Daifuku Co., Ltd. is a leading provider of material handling systems. The company develops, manufactures, and provides wide-ranging automation and logistic solutions to several industries across public and other sectors, including automotive, airport, manufacturing, and clean room. The company also offers many aftermarket services such as maintenance, regular inspections, and retrofits. The company has developed and introduced innovative products such as manufacturing & distribution systems, semiconductor product line systems, flat panel display production line systems, automobile production line systems, and airport technologies. The company operates through the Automobile, Electronics, Commerce, Transportation, Warehousing, Machinery, Chemicals, Pharmaceuticals, Airport, Equipment, and Food business segments.
With its subsidiaries and a strong distribution network, the company has its presence across North America, Latin America, Asia-Pacific, and Europe. The company currently has 53 consolidated subsidiaries and affiliates with offices in 26 countries.
Dematic (A Part of Kion Group AG)
Dematic is a leading provider of material handling systems. The company uses an industrial engineering approach to design, build, implement, and support innovative automated systems and solutions, particularly for warehouses, distribution centers, and production facilities. The company is a leading supplier of integrated automated technology, software, and services for supply chain optimization. The company operates through three business segments, namely, Industrial Trucks, Supply Chain Solutions, and Corporate and Related Services.
With its subsidiaries and a strong distribution network, the company has its presence across North America, Europe, China, and Australia. The company also has 60 engineering centers and manufacturing facilities in 25 countries globally.
Honeywell Intelligrated is a leading North America-based, single-source provider of intelligent automated material handling solutions. Through an extensive portfolio of automation equipment and warehouse execution systems, software, services, and support, the company provides businesses with a competitive edge and optimizes operational performance driving fulfillment productivity mainly for retailers, manufacturers, and logistics providers across the globe. The company designs, manufactures, integrates, and installs comprehensive material handling automation solutions, such as conveyor, sortation, palletizer, robotics, and automated storage and retrieval systems.
With its subsidiaries and a strong distribution network, the company has a presence across North America, South America, Mexico, Brazil, China, and the United Kingdom and continues to expand.
Murata Machinery, Ltd.
Murata Machinery, Ltd. manufactures a broad variety of machinery ranging from factory automation products to communication equipment. The company offers advanced logistics & automation systems for automated storage and transportation and automated material handling systems for cleanrooms designed particularly for semiconductor fabrication. The company operates through the AMHS, Logistics & Automation Systems, Textile Machinery, Machine Tools, Communication Equipment, and Other business segments.
With its subsidiaries and a strong distribution network, the company has its presence across Asia, North America, Latin America, and Europe. Some of its subsidiaries are AGVE AB, NIPPON SHOOTER, LTD., CIMCORP OY, and MURATEC INFORMATION SYSTEMS, LTD.
KNAPP AG is one of the leading providers of all-in-one intralogistics solutions, automated warehouse systems, and logistics software solutions. The company serves customers from several industries, including healthcare, fashion, retail, and food retail. The company develops customized robotics & handling, storage, picking, and conveying & sorting solutions, particularly for warehouse logistics using cutting-edge technology.
With its subsidiaries and a strong distribution network, the company has its presence across North America, Latin America, Europe, Asia, and the Middle East & Africa. The company’s subsidiaries, including Appstore GmbH, KHT GmbH, and ivii GmbH, operate in 40 locations worldwide.
A report into the projected growth of the current Automated Storage And Retrieval Systems Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2027, it’s expected to have grown at a CAGR of 6.0%, reaching over $10.3 Billion.
Founded in 1935 and headquartered in Deutschland, Germany, BEUMER Group GmbH is a global leader in designing and manufacturing intralogistics systems for conveying, loading, palletizing, packaging, sortation, and distribution applications. The company offers cutting-edge solutions & services for material handling equipment to several industries, such as airport, cement, building, materials, chemical, retail & e-commerce, food & beverage, mining & minerals, port & terminals, and power plants.
With its subsidiaries and a strong distribution network, the company has a presence across North America, South America, Asia, Australia, Europe, and the Middle East, along with representatives in more than 70 countries across the globe. The company and its affiliates provide superior system solutions and a widespread customer support network.
Material Handling Systems
Founded in 1999 and headquartered in Washington, U.S., Material Handling Systems is a full-service provider of modern material handling systems for distribution and fulfillment operations. The company offers a comprehensive, customer-centric approach, which includes custom engineering, design, manufacturing, and turnkey integration services. Material Handling Systems offers innovative solutions that leverage a wide range of controls and automated equipment. The company also provides responsive support for maintaining the systems’ peak performance with predictive analytics and local technicians.
Material Handling Systems is focused on strengthening its industry leadership and extending its global reach. The company has a global installed base of over USD 5 billion projects for small to large-scale distribution and fulfillment across various industries, such as e-commerce, parcel, third-party logistics, and outside integrators.
Swisslog Holding AG
Swisslog Holding AG is a leading global supplier of intelligent automation solutions. The company has a broad product portfolio consisting of key technologies, such as conveyor systems, ASRS, AGVs, shuttle systems, monorails, robotics, and warehouse management software. The company also provides innovative solutions & services, consulting, project implementation, customer service, best-in-class technologies, and software. The company operates through the Robotics, Systems, Swisslog, and Swisslog Healthcare business segments.
With its subsidiaries and a strong distribution network, the company has a presence across the Americas, Europe, Asia & Oceania, and the Middle East & Africa, and ten development and production hubs.
TGW Logistics Group
Founded in 1969 and headquartered in Marchtrenk, Australia, TGW Logistics Group is a leading provider of highly automated, flexible solutions that support distribution and fulfillment operations of leading retailers and global brands in the e-commerce, apparel, general merchandise, and grocery industries. The company offers advanced solutions ranging from small material handling systems to complex centers. With its subsidiaries and a strong distribution network, the company has its presence across North America, Europe, and Asia. Some of its subsidiaries are TGW Systems Inc., TGW Limited, TGW Mechanics GmbH, TGW Software Service GmbH, TGW Systems Integration AG, and TGW Transpotgeräte GmbH.
Founded in 1971 and headquartered in Parkstein, DE, Germany, WITRON Logistik + Informatik GmbH is a leading logistics solutions provider. The company offers several solutions and services, such as picking, warehouse management, transport & delivery systems, storage, and material handling solutions. The company provides innovative systems and solutions to various industries including, pharmaceuticals, electronics components, automotive, healthcare, food & beverage, and fashion. With its subsidiaries and a strong distribution network, the company has a presence across North America and Europe.
Popular Mentions: Kardex Group, Toyota Industries Corporation, SSI SCHAEFER AG, System Logistics S.p.A., viastore SYSTEMS GmbH, Jungheinrich AG, MATTER Srl, Mecalux, S.A., and Craftsman Storage Systems
Amidst this crisis, Meticulous Research® is continuously assessing the impact of the COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here-https://www.meticulousresearch.com/download-sample-report/cp_id=5159
Authoritative Research on the Automated Storage And Retrieval Systems Market – Global Opportunity Analysis and Industry Forecast (2020-2027)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
- The Impact of COVID-19 on the Automated Storage and Retrieval Systems Market
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
Please download report pages and learn more: