According to the new research report published by The Insight Partners, titled “Automated Storage and Retrieval System Market — Global Analysis and Forecast to 2027”, the global automated storage and retrieval system market is expected to reach US$ 4,616.1 Mn in 2027, registering a CAGR of 8.0% during the forecast period 2019-2027.

A number of industrial facilities and warehouses are increasing the use of automated solutions to enhance their profits, warehouse operations, comfort as well as worker safety. An ASRS consists of several computer-controlled methods that enable the placement of loads and picking up a function of the load from a storage location. They best serve their purpose at places where high volumes of capacity need to be moved, stored, or retrieved more economically. These systems increase the storage density of loads and thereby overcome the space constraint issues faced by several end-users. These kinds of systems are of use mainly at manufacturing sites, distribution centers, retail, wholesale, and institutions. ASRS helps in automatically bringing items directly to the operator, and can be operated as a standalone system, as well as integrated into a linked system. Some of the common operations of ASRS include consolidation, order picking, buffering, kitting, inventory storage, parts handling, and buffer storage, among others. Mainly designed for these tasks, ASRS systems eliminate walk and search time, thereby increasing productivity and efficiency. Space-efficient ASRS systems also help in reducing underutilized floor space by storing all the materials in one compact area, thus provide larger storage capacity in comparison to shelving and racking in aisles. Furthermore, it helps in reducing labor costs since the automation of processes helps in reducing the involvement of several individuals, and it generally requires one person to operate such systems.

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The top five market leaders in this market include SSI SCHAEFER GROUP, Swisslog Holding AG, System Logistics Spa, Bastian Solutions, Daifuku Co. Ltd. The above listing of top players is based on multiple factors such as overall sales, investment in technology up-gradation, and industry activities. Companies have taken several market initiatives to expand their footprint, service portfolio across the world and to fulfill the growing demand of the market. In February 2019, Vanderlande Industries partnered with Fizyr to design Artificial Intelligence (AI) for its automated storage solutions. Its automated storage solutions are developed to manage a variety of items common to the warehouse, parcel, and airport markets. Swisslog Holding AG has signed a contract with Broman Group to offer automation at Broman’s Logistics center in Finland. The contract comprises upgrading existing automation, the design of automation, and Swisslog’s SynQ warehouse management system to organize the entire warehouse solution.

Key findings of the study:

The European region is estimated to lead the ASRS market. The growth in Europe is attributed to the presence of several ASRS players in the region, coupled with a substantial customer base. Also, significant investments made by automotive players in the automated material handling equipment is driving the installation of ASRS. Even the cost of implementing automation is declining in Europe, along with the increase in labor costs

The concerns about ROI post-implementation of automated storage solutions have denied significant growth in NORDIC countries. Whereas, the need to have space-efficient warehouses so that CAPEX savings are achieved for the storage of products has been the major reason for popular implementations of the system. Germany, Italy, and Spain are the potential growth markets for a variety of deployments of automated storage and retrieval system in various applications. Automotive industry in Germany, the textile and manufacturing industries in Italy and Spain respectively have been using automated storage and retrieval system for accuracy and efficiency in operations. Also, the development of automation technology in this region has enabled more ASRS implementations.

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