Automated Storage and Retrieval System Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Vertical (Automotive, Food & Beverages, E-Commerce, Retail) - Global Forecast to 2028
The ASRS market is estimated to be worth USD 8.7 billion in 2023 and is projected to reach USD 12.7 billion by 2028, at a CAGR of 7.9% during the forecast period. The ASRS market is experiencing robust growth, primarily driven by the burgeoning demand in the e-commerce and automotive sectors. These industries, characterized by complex supply chains and rapid inventory turnover, require highly efficient and accurate storage and retrieval solutions. ASRS systems cater to this need by automating warehouse operations, reducing errors, and optimizing space utilization. Furthermore, the increased emphasis on inventory management and control, fueled by the need for cost reduction and improved customer service, has propelled the adoption of ASRS.
“Unit Load to hold the largest in ASRS market in 2022.”
A unit load ASRS is a storage-retrieval machine (SRM) or a crane designed to handle large machinery or equipment (i.e., pallets, gaylords, drums, racks, etc.) that typically weigh over 400 lbs. his system excels in optimizing space utilization by stacking pallets densely, reducing the need for manual labor, and minimizing errors in retrieval and storage processes. Additionally, unit load ASRS is known for its scalability, making it adaptable to a wide range of industries and storage requirements. Its ability to integrate seamlessly with warehouse management software and other automated systems further enhances its appeal in modern supply chain operations.
“Food & Beverages vertical to hold the largest share of ASRS market in 2022.”
The food & beverages vertical has undergone a significant evolution in recent years. The growing trend of consuming processed food and packaged eatables is driving the need for advanced manufacturing and warehousing solutions among manufacturers. In the food & beverages vertical, the time-to-market of finished products is significantly less due to the perishability of products. Technological advances in cold chain storage and transport and the growing acceptance of frozen foods among consumers are a few factors influencing the growth of the ASRS market.
“Europe to hold the largest market share of ASRS market in 2022.”
Europe has a well-established industrial and manufacturing sector, including automotive, aerospace, pharmaceuticals, and logistics, all of which benefit from the efficiency gains offered by ASRS technology. Additionally, European countries place a strong emphasis on sustainability and resource optimization, driving the adoption of ASRS systems to improve warehouse space utilization and reduce energy consumption. The region has an exceptionally high labor cost; therefore, manufacturers in European countries have been adopting automated solutions to reduce overall operational costs. Implementing these solutions helps manufacturers remain competitive by facilitating efficient management of overall warehousing operations. Furthermore, the region's commitment to technological innovation and digitalization has spurred the growth of the ASRS market, making Europe a hub for advanced automation solutions in warehousing and logistics.
The break-up of the profiles of primary participants:
Research Coverage
The report segments the ASRS market by type, vertical, and region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall ASRS market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
“Unit Load to hold the largest in ASRS market in 2022.”
A unit load ASRS is a storage-retrieval machine (SRM) or a crane designed to handle large machinery or equipment (i.e., pallets, gaylords, drums, racks, etc.) that typically weigh over 400 lbs. his system excels in optimizing space utilization by stacking pallets densely, reducing the need for manual labor, and minimizing errors in retrieval and storage processes. Additionally, unit load ASRS is known for its scalability, making it adaptable to a wide range of industries and storage requirements. Its ability to integrate seamlessly with warehouse management software and other automated systems further enhances its appeal in modern supply chain operations.
“Food & Beverages vertical to hold the largest share of ASRS market in 2022.”
The food & beverages vertical has undergone a significant evolution in recent years. The growing trend of consuming processed food and packaged eatables is driving the need for advanced manufacturing and warehousing solutions among manufacturers. In the food & beverages vertical, the time-to-market of finished products is significantly less due to the perishability of products. Technological advances in cold chain storage and transport and the growing acceptance of frozen foods among consumers are a few factors influencing the growth of the ASRS market.
“Europe to hold the largest market share of ASRS market in 2022.”
Europe has a well-established industrial and manufacturing sector, including automotive, aerospace, pharmaceuticals, and logistics, all of which benefit from the efficiency gains offered by ASRS technology. Additionally, European countries place a strong emphasis on sustainability and resource optimization, driving the adoption of ASRS systems to improve warehouse space utilization and reduce energy consumption. The region has an exceptionally high labor cost; therefore, manufacturers in European countries have been adopting automated solutions to reduce overall operational costs. Implementing these solutions helps manufacturers remain competitive by facilitating efficient management of overall warehousing operations. Furthermore, the region's commitment to technological innovation and digitalization has spurred the growth of the ASRS market, making Europe a hub for advanced automation solutions in warehousing and logistics.
The break-up of the profiles of primary participants:
- By Company Type – Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
- By Designation – C-level Executives – 35%, Directors – 45%, and Others – 20%
- By Region – North America - 30%, Europe – 25%, Asia Pacific – 35%, and Rest of the World – 10%
Research Coverage
The report segments the ASRS market by type, vertical, and region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall ASRS market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of key drivers (ASRS demand surges due to better space optimization and high labor costs, Growing adoption of ASRS in the e-commerce vertical, Higher emphasis on inventory management and control to fuel ASRS demand, and Rising demand for ASRS in the automotive vertical is driving the market), restraints (High installation and maintenance cost and Limited technical expertise for overseeing system operations are hindering the growth of the market), opportunities (Growing demand for cold chain systems in the Asia Pacific and Potential growth prospects in healthcare vertical), and challenges (Production and revenue losses attributed to unwanted faults and downtime and Rapid technology advancements are resulting as a risk for ASRS systems to become obsolete) influencing the growth of the ASRS market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the ASRS market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the ASRS market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ASRS market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Daifuku Co., Ltd (Japan), Murata Machinery, Ltd. (Japan), SSI SCHAEFER (Germany), TGW Logistics Group GmbH (Austria) and Kardex Holding AG (Switzerland).
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 ASRS MARKET: SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.3.4 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
1.7 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 ASRS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Primary interviews with experts
2.1.2.3 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
FIGURE 3 ASRS MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis (supply side)
FIGURE 4 ASRS MARKET: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF ASRS PRODUCTS/SOLUTIONS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON ASRS MARKET
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
FIGURE 7 RISK ASSESSMENT OF RESEARCH STUDY
3 EXECUTIVE SUMMARY
FIGURE 8 GLOBAL ASRS MARKET, 2019?2028 (USD BILLION)
FIGURE 9 UNIT LOAD SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
FIGURE 10 FOOD & BEVERAGES VERTICAL ACCOUNTED FOR LARGEST SHARE OF ASRS MARKET IN 2022
FIGURE 11 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN ASRS MARKET FROM 2023 TO 2028
4 PREMIUM INSIGHTS
4.1 ASIA PACIFIC TO OFFER LUCRATIVE OPPORTUNITIES FOR PLAYERS IN ASRS MARKET
FIGURE 12 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN ASRS MARKET
4.2 ASRS MARKET, BY TYPE
FIGURE 13 UNIT LOAD SEGMENT TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
4.3 ASRS MARKET, BY VERTICAL
FIGURE 14 FOOD & BEVERAGES AND AUTOMOTIVE VERTICALS TO CAPTURE SUBSTANTIAL MARKET SIZE IN 2023
4.4 ASRS MARKET, BY COUNTRY
FIGURE 15 INDIA AND CHINA TO REGISTER SIGNIFICANTLY HIGH CAGR IN GLOBAL ASRS MARKET FROM 2023 TO 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 ASRS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Strong focus on efficient space utilization and cost saving
5.2.1.2 Increased adoption of ASRS in e-commerce sector
5.2.1.3 Heightened emphasis on achieving operational excellence through precise and efficient inventory management
5.2.1.4 Significant demand for ASRS from automakers
FIGURE 17 ASRS MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High installation and maintenance costs
5.2.2.2 Requirement for technical experts to oversee system operations
FIGURE 18 ASRS MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Growing demand for cold chain systems in Asia Pacific
5.2.3.2 Lucrative opportunities presented by thriving healthcare sector
FIGURE 19 ASRS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Production and revenue losses due to unwanted faults and downtime
5.2.4.2 Designing flexible and scalable ASRS due to rapidly changing technology and customer requirements
FIGURE 20 ASRS MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 21 ASRS SUPPLY CHAIN ANALYSIS
5.4 ECOSYSTEM MAPPING
FIGURE 22 ASRS ECOSYSTEM ANALYSIS
TABLE 1 ROLE OF PARTICIPANTS IN ASRS ECOSYSTEM
5.5 PRICING ANALYSIS
5.5.1 AVERAGE SELLING PRICE OF ASRS OFFERED BY KEY PLAYERS, BY TYPE
FIGURE 23 AVERAGE PROJECT COST OF DIFFERENT TYPES OF ASRS, BY COMPANY
TABLE 2 AVERAGE PROJECT COST OF ASRS BASED ON TYPE, BY COMPANY (USD)
5.5.2 AVERAGE SELLING PRICE TREND
TABLE 3 AVERAGE PROJECT COST OF ASRS, BY TYPE
TABLE 4 AVERAGE SELLING PRICE OF VERTICAL LIFT MODULE (VLM) BY REGION
FIGURE 24 AVERAGE PROJECT COST OF ASRS, 2019?2028
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 25 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AUTOMATED STORAGE AND RETRIEVAL SYSTEM PROVIDERS
5.7 TECHNOLOGY ANALYSIS
5.7.1 INDUSTRY 4.0
5.7.2 5G
5.7.3 MACHINE LEARNING
5.7.4 ROBOTIC PROCESS AUTOMATION
5.7.5 PREDICTIVE ANALYTICS
5.7.6 DIGITAL TWIN MODEL BUILDER
5.7.7 VOICE RECOGNITION
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 26 ASRS MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 5 ASRS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)
5.9.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
TABLE 7 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
5.10 CASE STUDY ANALYSIS
TABLE 8 DELIVERY OF HIGH-DENSITY SECURED ASRS TO MULTI-STORY FACILITY COMPRISING HIGH-VALUE OBJECTS
TABLE 9 DEPLOYMENT OF SCALABLE ASRS FROM ADDVERB TECHNOLOGIES TO INCREASE PRODUCTION CAPACITY OF FMCG PRODUCTS
TABLE 10 IMPLEMENTATION OF ASRS TO ENSURE ERROR-FREE PICKING AND ORDER FULFILLMENT APPLICATIONS
TABLE 11 ADOPTION OF ASRS BY REITAN DISTRIBUTION TO AUTOMATE PALLET STORAGE AND PICKING OPERATIONS
5.11 TRADE ANALYSIS
5.11.1 IMPORT SCENARIO
FIGURE 29 IMPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)
5.11.2 EXPORT SCENARIO
FIGURE 30 EXPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 12 TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS
FIGURE 32 NUMBER OF PATENTS GRANTED ANNUALLY FROM 2013 TO 2022
TABLE 13 LIST OF KEY PATENTS RELATED TO ASRS MARKET
5.13 KEY CONFERENCES AND EVENTS, 2023–2025
TABLE 14 ASRS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.14 REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO ASRS MARKET
TABLE 15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 STANDARDS AND REGULATIONS RELATED TO ASRS SOLUTIONS
TABLE 19 NORTH AMERICA: SAFETY STANDARDS FOR ASRS MARKET
TABLE 20 EUROPE: SAFETY STANDARDS FOR ASRS MARKET
6 OFFERINGS AND EMERGING APPLICATIONS OF ASRS
6.1 INTRODUCTION
6.2 ASRS OFFERINGS
FIGURE 33 OFFERINGS IN ASRS MARKET
6.2.1 HARDWARE
6.2.2 SOFTWARE AND SERVICES
6.3 EMERGING APPLICATIONS OF ASRS
6.3.1 HEALTHCARE STORAGE AND LOGISTICS
6.3.2 LIBRARY AND LABORATORY INVENTORY MANAGEMENT IN ACADEMIC INSTITUTIONS
6.3.3 VERTICAL FARMING AND CROP MONITORING AND TRACING
6.3.4 ORDER FULFILLMENT AND SUPPLY CHAIN ENHANCEMENT IN FASHION AND APPAREL INDUSTRY
6.3.5 WASTE SORTING AND RECYCLING
7 FUNCTIONS OF ASRS
7.1 INTRODUCTION
FIGURE 34 FUNCTIONS OF ASRS
7.2 STORAGE
7.2.1 ABILITY TO USE MINIMUM SPACE TO STORE MAXIMUM INVENTORY IN ORGANIZED MANNER TO BOOST NEED FOR ASRS
7.3 ORDER PICKING
7.3.1 NEED FOR FASTER ORDER FULFILLMENT AND ACCURATE ORDER-PICKING PROCESS TO INCREASE DEMAND FOR ASRS
7.4 DISTRIBUTION
7.4.1 POTENTIAL TO EFFECTIVELY MANAGE INVENTORY AND DISTRIBUTION CHANNELS TO FUEL MARKET GROWTH
7.5 ASSEMBLY
7.5.1 RISING PREFERENCE FOR AUTOMATED ASSEMBLY LINES TO BOOST DEMAND FOR ASRS
7.6 KITTING
7.6.1 INCREASING DEMAND FOR CUSTOMIZED PRODUCTS TO DRIVE ADOPTION OF ASRS FOR KITTING
7.7 OTHERS
8 LATEST TRENDS IN WAREHOUSING IMPACTING MARKET
8.1 INTRODUCTION
8.2 MICRO FULFILLMENT CENTERS
8.2.1 SIGNIFICANT DEVELOPMENTS IN MICRO FULFILLMENT CENTERS
FIGURE 35 KEY ELEMENTS POWERING DEVELOPMENTS IN MFC SPACE
8.2.2 ADVANTAGES OF MFCS OVER CFCS
8.2.3 ECOSYSTEM OF MICRO FULFILLMENT CENTERS
FIGURE 36 ECOSYSTEM ANALYSIS
8.2.4 MAJOR COMPANIES LEADING TOWARD MICRO FULFILLMENT CENTERS
8.2.5 KEY TECHNOLOGIES INVOLVED IN MICRO FULFILLMENT CENTERS
FIGURE 37 KEY TECHNOLOGIES USED IN MICRO FULFILLMENT CENTERS
8.2.5.1 Cube storage
8.2.5.2 Autonomous mobile robots (AMRs)
8.2.5.3 Shuttle systems
8.2.5.4 Others
8.2.6 BRIEF INFORMATION ON INVESTMENTS IN MICRO FULFILLMENT TECHNOLOGY
TABLE 21 OVERVIEW OF RECENT MAJOR FUNDINGS FOR MFCS
8.2.7 MICRO FULFILLMENT CENTERS IN US
8.3 AUTONOMOUS MACHINES
8.4 DARK STORES
8.5 DATA ANALYTICS AND AI INTEGRATION INTO WAREHOUSING
8.6 CLOUD-BASED WAREHOUSING MANAGEMENT
8.7 ROBOTICS
9 DEPLOYMENT MODES AND SYSTEM COMPONENTS OF ASRS
9.1 INTRODUCTION
9.2 DEPLOYMENT MODES OF ASRS
9.2.1 STANDALONE
9.2.2 INTEGRATED
9.3 ASRS COMPONENTS
9.3.1 RACK STRUCTURE
9.3.2 CONTROL SYSTEM
9.3.3 RETRIEVAL SYSTEM
9.3.4 OTHERS
10 ASRS MARKET, BY TYPE
10.1 INTRODUCTION
FIGURE 38 ASRS MARKET, BY TYPE
FIGURE 39 UNIT LOAD SEGMENT TO HOLD LARGEST SHARE OF ASRS MARKET IN 2023
TABLE 22 ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 23 ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
10.2 UNIT LOAD
10.2.1 INCREASING ADOPTION OF UNIT-LOAD ASRS TO RESOLVE OPERATIONAL AND PRODUCTIVITY ISSUES TO DRIVE MARKET
TABLE 24 UNIT LOAD: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 25 UNIT LOAD: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 26 UNIT LOAD: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 27 UNIT LOAD: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 MINI LOAD
10.3.1 RISING DEPLOYMENT OF MINI-LOAD ASRS IN SPACE-CONSTRAINED FACILITIES TO FUEL MARKET GROWTH
TABLE 28 MINI LOAD: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 29 MINI LOAD: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 30 MINI LOAD: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 MINI LOAD: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 VERTICAL LIFT MODULE (VLM)
10.4.1 GROWING IMPLEMENTATION OF VLMS IN ORDER PICKING, KITTING, AND INVENTORY STORAGE APPLICATIONS TO BOOST SEGMENTAL GROWTH
TABLE 32 VLM: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 33 VLM: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
FIGURE 40 ASIA PACIFIC TO HOLD SIGNIFICANT SHARE OF ASRS MARKET FOR VERTICAL LIFT MODULES THROUGHOUT FORECAST PERIOD
TABLE 34 VLM: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 35 VLM: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.5 CAROUSEL
10.5.1 VERTICAL CAROUSEL
10.5.1.1 Rising use of vertical carousel to save floor space to fuel segmental growth
10.5.2 HORIZONTAL CAROUSEL
10.5.2.1 Increasing adoption of horizontal carousel to ensure improved flexibility and high efficiency in item picking to support segmental growth
TABLE 36 CAROUSEL: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 37 CAROUSEL: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 38 CAROUSEL: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 39 CAROUSEL: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.6 MID LOAD
10.6.1 ELEVATING DEMAND FOR MID-LOAD ASRS IN ASSEMBLY, HIGH-DENSITY STORAGE, AND ORDER FULFILLMENT APPLICATIONS TO CONTRIBUTE TO MARKET GROWTH
TABLE 40 MID LOAD: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 41 MID LOAD: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 42 MID LOAD: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 43 MID LOAD: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11 ASRS MARKET, BY VERTICAL
11.1 INTRODUCTION
FIGURE 41 ASRS MARKET, BY VERTICAL
FIGURE 42 FOOD & BEVERAGES VERTICAL TO LEAD ASRS MARKET IN 2023
TABLE 44 ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 45 ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
11.2 AUTOMOTIVE
11.2.1 INCREASING ADOPTION OF ASRS BY AUTOMAKERS FOR RAW MATERIAL HANDLING AND MOVING GOODS TO MANUFACTURING UNITS AND WAREHOUSES
FIGURE 43 UNIT-LOAD ASRS TO HOLD LARGEST MARKET SHARE FOR AUTOMOTIVE VERTICAL THROUGHOUT FORECAST PERIOD
TABLE 46 AUTOMOTIVE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 47 AUTOMOTIVE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 48 AUTOMOTIVE: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 49 AUTOMOTIVE: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.3 METALS & HEAVY MACHINERY
11.3.1 ELEVATING DEMAND FOR ASRS BY METAL AND HEAVY MACHINERY MAKERS TO FACILITATE INTRALOGISTICS MOVEMENT OF LARGE AND HEAVY COMPONENTS AND GOODS
TABLE 50 METALS & HEAVY MACHINERY: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 51 METALS & HEAVY MACHINERY: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 52 METALS & HEAVY MACHINERY: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 53 METALS & HEAVY MACHINERY: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.4 FOOD & BEVERAGES
11.4.1 PRESSING NEED FOR EFFICIENT STORAGE, RETRIEVAL, AND TRANSPORTATION SOLUTIONS WITH RISING DEMAND FOR PROCESSED AND PACKAGED FOOD
TABLE 54 FOOD & BEVERAGES: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 55 FOOD & BEVERAGES: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 56 FOOD & BEVERAGES: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 57 FOOD & BEVERAGES: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.5 CHEMICALS
11.5.1 INCREASING USE OF ASRS BY CHEMICAL COMPANIES TO REDUCE WORKFORCE AND MAXIMIZE SPACE UTILIZATION
TABLE 58 CHEMICALS: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 59 CHEMICALS: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 60 CHEMICALS: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 61 CHEMICALS: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.6 HEALTHCARE
11.6.1 RISING USE OF ASRS BY DRUG MANUFACTURERS TO ADHERE TO SAFETY NORMS
TABLE 62 HEALTHCARE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 63 HEALTHCARE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 64 HEALTHCARE: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 HEALTHCARE: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.7 SEMICONDUCTOR & ELECTRONICS
11.7.1 GROWING NEED FOR ASRS BY SEMICONDUCTOR AND ELECTRONICS MANUFACTURERS OWING TO HIGH ADOPTION OF AI AND IIOT TECHNOLOGIES
TABLE 66 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 67 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 68 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 69 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.8 RETAIL
11.8.1 SURGING USE OF ASRS BY RETAIL COMPANIES FOR QUICKER AND ACCURATE ORDER PICKING, PACKING, AND SHIPPING PROCESSES
TABLE 70 RETAIL: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 71 RETAIL: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 72 RETAIL: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 RETAIL: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.9 AVIATION
11.9.1 GROWING DEMAND FOR ASRS BY AIRCRAFT MANUFACTURERS TO STORE, HANDLE, AND TRACK AIRCRAFT COMPONENTS REQUIRED DURING ASSEMBLY
TABLE 74 AVIATION: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 75 AVIATION: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 76 AVIATION: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 77 AVIATION: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.10 E-COMMERCE
11.10.1 INCREASING ADOPTION OF ASRS BY E-COMMERCE COMPANIES TO REDUCE DELIVERY TIME
FIGURE 44 VLM AND CAROUSEL SEGMENTS TO RECORD SIGNIFICANTLY HIGHER CAGRS IN ASRS MARKET FOR E-COMMERCE DURING FORECAST PERIOD
TABLE 78 E-COMMERCE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 79 E-COMMERCE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 80 E-COMMERCE: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 81 E-COMMERCE: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.11 OTHER VERTICALS
TABLE 82 OTHER VERTICALS: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 83 OTHER VERTICALS: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 84 OTHER VERTICALS: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 85 OTHER VERTICALS: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
12 ASRS MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 45 ASRS MARKET IN CHINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 86 ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 87 ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
12.2 NORTH AMERICA
12.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 46 NORTH AMERICA: SNAPSHOT OF ASRS MARKET
TABLE 88 NORTH AMERICA: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 89 NORTH AMERICA: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 90 NORTH AMERICA: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 91 NORTH AMERICA: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 92 NORTH AMERICA: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 93 NORTH AMERICA: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.2.2 US
12.2.2.1 Substantial technological advancements in retail sector to accelerate demand for ASRS
12.2.3 CANADA
12.2.3.1 Booming manufacturing and automotive sectors to contribute to market growth
12.2.4 MEXICO
12.2.4.1 Rising preference for convenience foods and prepared meals to drive market
12.3 EUROPE
12.3.1 EUROPE: RECESSION IMPACT
FIGURE 47 EUROPE: SNAPSHOT OF ASRS MARKET
TABLE 94 EUROPE: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 95 EUROPE: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 96 EUROPE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 97 EUROPE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 98 EUROPE: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 99 EUROPE: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.3.2 GERMANY
12.3.2.1 High demand for ASRS from automotive sector to drive market
12.3.3 UK
12.3.3.1 Increasing adoption of ASRS by auto manufacturers and component providers to stimulate market growth
12.3.4 FRANCE
12.3.4.1 Strong industrial and manufacturing sector to boost ASRS demand
12.3.5 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 48 ASIA PACIFIC: SNAPSHOT OF ASRS MARKET
TABLE 100 ASIA PACIFIC: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 101 ASIA PACIFIC: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 102 ASIA PACIFIC: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 103 ASIA PACIFIC: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 104 ASIA PACIFIC: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 105 ASIA PACIFIC: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.4.2 CHINA
12.4.2.1 Expanding automotive, electronics, and manufacturing verticals to create opportunities for ASRS suppliers
12.4.3 JAPAN
12.4.3.1 Thriving manufacturing sector to boost market growth
12.4.4 AUSTRALIA
12.4.4.1 Food & beverages and healthcare verticals to contribute to market growth
12.4.5 INDIA
12.4.5.1 Rapid industrial development to boost demand for ASRS
12.4.6 MALAYSIA
12.4.6.1 Growing use of ASRS in warehouses of e-commerce companies to fuel market growth
12.4.7 TAIWAN
12.4.7.1 Robust electronics & semiconductor industry to drive market
12.4.8 INDONESIA
12.4.8.1 Increasing demand for ASRS in retail and e-commerce sectors to accelerate market growth
12.4.9 SOUTH KOREA
12.4.9.1 Strong focus on providing high-quality semiconductors and electronic products to support adoption of ASRS
12.4.10 REST OF ASIA PACIFIC
12.5 ROW
12.5.1 ROW: RECESSION IMPACT
TABLE 106 ROW: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 107 ROW: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 108 ROW: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 109 ROW: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 110 ROW: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 111 ROW: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.5.2 SOUTH AMERICA
12.5.2.1 Focus of food processing companies on automation to increase deployment of ASRS
12.5.3 MIDDLE EAST
TABLE 112 MIDDLE EAST: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 113 MIDDLE EAST: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
12.5.3.1 Saudi Arabia
12.5.3.1.1 Growing aviation, automotive, and e-commerce sectors to drive market
12.5.3.2 UAE
12.5.3.2.1 Booming manufacturing sector to boost demand for ASRS
12.5.3.3 Rest of Middle East
12.5.4 AFRICA
12.5.4.1 Rising adoption of warehouse automation solutions to increase demand for ASRS
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 114 OVERVIEW OF STRATEGIES DEPLOYED BY KEY ASRS MANUFACTURERS
13.3 REVENUE ANALYSIS OF TOP COMPANIES
FIGURE 49 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN ASRS MARKET
13.4 MARKET SHARE ANALYSIS
TABLE 115 ASRS MARKET SHARE ANALYSIS, 2022
FIGURE 50 ASRS MARKET: SHARE OF KEY PLAYERS
13.5 COMPANY EVALUATION MATRIX, 2022
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 51 ASRS MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2022
13.5.5 ASRS MARKET: COMPANY FOOTPRINT
TABLE 116 COMPANY FOOTPRINT
TABLE 117 TYPE: COMPANY FOOTPRINT
TABLE 118 VERTICAL: COMPANY FOOTPRINT
TABLE 119 REGION: COMPANY FOOTPRINT
13.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 52 ASRS MARKET (GLOBAL) SMES EVALUATION MATRIX, 2022
13.6.5 COMPETITIVE BENCHMARKING
TABLE 120 ASRS MARKET: LIST OF KEY STARTUPS/SMES
TABLE 121 ASRS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
13.7 COMPETITIVE SCENARIO
TABLE 122 ASRS MARKET: PRODUCT LAUNCHES, 2021?2023
TABLE 123 ASRS MARKET: DEALS, 2021–2023
TABLE 124 ASRS MARKET: OTHERS, 2021–2023
14 COMPANY PROFILES
(Business overview, Products offered, Recent Developments, MNM view)*
14.1 KEY PLAYERS
14.1.1 DAIFUKU CO., LTD.
TABLE 125 DAIFUKU CO., LTD.: COMPANY OVERVIEW
FIGURE 53 DAIFUKU CO., LTD.: COMPANY SNAPSHOT
TABLE 126 DAIFUKU CO., LTD.: PRODUCTS OFFERED
TABLE 127 DAIFUKU CO., LTD.: DEALS
TABLE 128 DAIFUKU CO., LTD.: OTHERS
14.1.2 MURATA MACHINERY, LTD.
TABLE 129 MURATA MACHINERY, LTD.: COMPANY OVERVIEW
TABLE 130 MURATA MACHINERY, LTD.: PRODUCTS OFFERED
TABLE 131 MURATA MACHINERY, LTD.: OTHERS
14.1.3 SSI SCHAEFER
TABLE 132 SSI SCHAEFER: COMPANY OVERVIEW
TABLE 133 SSI SCHAEFER: PRODUCTS OFFERED
TABLE 134 SSI SCHAEFER: OTHERS
14.1.4 TGW LOGISTICS GROUP GMBH
TABLE 135 TGW LOGISTICS GROUP GMBH: COMPANY OVERVIEW
TABLE 136 TGW LOGISTICS GROUP GMBH: PRODUCTS OFFERED
TABLE 137 TGW LOGISTICS GROUP GMBH: PRODUCT LAUNCHES
TABLE 138 TGW LOGISTICS GROUP GMBH: DEALS
TABLE 139 TGW LOGISTICS GROUP GMBH: OTHERS
14.1.5 KARDEX HOLDING AG
TABLE 140 KARDEX HOLDING AG: COMPANY OVERVIEW
FIGURE 54 KARDEX HOLDING AG: COMPANY SNAPSHOT
TABLE 141 KARDEX HOLDING AG: PRODUCTS OFFERED
TABLE 142 KARDEX HOLDING AG: PRODUCT LAUNCHES
TABLE 143 KARDEX HOLDING AG: OTHERS
14.1.6 BEUMER GROUP GMBH & CO. KG
TABLE 144 BEUMER GROUP GMBH & CO. KG: COMPANY OVERVIEW
TABLE 145 BEUMER GROUP GMBH & CO. KG: PRODUCTS OFFERED
TABLE 146 BEUMER GROUP GMBH & CO. KG: PRODUCT LAUNCHES
TABLE 147 BEUMER GROUP GMBH & CO. KG: DEALS
TABLE 148 BEUMER GROUP GMBH & CO. KG: OTHERS
14.1.7 HONEYWELL INTERNATIONAL INC.
TABLE 149 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEWS
FIGURE 55 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 150 HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED
TABLE 151 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
14.1.8 KION GROUP AG
TABLE 152 KION GROUP AG: COMPANY OVERVIEW
FIGURE 56 KION GROUP AG: COMPANY SNAPSHOT
TABLE 153 KION GROUP AG: PRODUCTS OFFERED
TABLE 154 KION GROUP AG: PRODUCT LAUNCHES
TABLE 155 KION GROUP AG: OTHERS
14.1.9 KNAPP AG
TABLE 156 KNAPP AG: COMPANY OVERVIEW
TABLE 157 KNAPP AG: PRODUCTS OFFERED
TABLE 158 KNAPP AG: DEALS
TABLE 159 KNAPP AG: OTHERS
14.1.10 KUKA AG
TABLE 160 KUKA AG: COMPANY OVERVIEW
FIGURE 57 KUKA AG: COMPANY SNAPSHOT
TABLE 161 KUKA AG: PRODUCTS OFFERED
TABLE 162 KUKA AG: OTHERS
14.1.11 MECALUX, S.A.
TABLE 163 MECALUX, S.A.: COMPANY OVERVIEW
TABLE 164 MECALUX, S.A.: PRODUCTS OFFERED
TABLE 165 MECALUX, S.A.: OTHERS
14.1.12 SYSTEM LOGISTICS S.P.A.
TABLE 166 SYSTEM LOGISTICS S.P.A.: COMPANY OVERVIEW
TABLE 167 SYSTEM LOGISTICS S.P.A.: PRODUCTS OFFERED
TABLE 168 SYSTEM LOGISTICS S.P.A.: OTHERS
14.1.13 TOYOTA INDUSTRIES CORPORATION
TABLE 169 TOYOTA INDUSTRIES CORPORATION: COMPANY OVERVIEW
FIGURE 58 TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT
TABLE 170 TOYOTA INDUSTRIES CORPORATION: PRODUCTS OFFERED
TABLE 171 TOYOTA INDUSTRIES CORPORATION: PRODUCT LAUNCHES
TABLE 172 TOYOTA INDUSTRIES CORPORATION: DEALS
TABLE 173 TOYOTA INDUSTRIES CORPORATION: OTHERS
14.1.14 IHI CORPORATION
TABLE 174 IHI CORPORATION: COMPANY OVERVIEW
FIGURE 59 IHI CORPORATION: COMPANY SNAPSHOT
TABLE 175 IHI CORPORATION: PRODUCTS OFFERED
TABLE 176 IHI CORPORATION: DEALS
14.2 OTHER PLAYERS
14.2.1 AUTOMATION LOGISTICS CORPORATION
TABLE 177 AUTOMATION LOGISTICS CORPORATION: COMPANY OVERVIEW
14.2.2 AUTOCRIB
TABLE 178 AUTOCRIB: COMPANY OVERVIEW
14.2.3 FERRETTO GROUP SPA
TABLE 179 FERRETTO GROUP SPA: COMPANY OVERVIEW
14.2.4 HДNEL GMBH & CO. KG
TABLE 180 HДNEL GMBH & CO. KG: COMPANY OVERVIEW
14.2.5 INVATA INTRALOGISTICS
TABLE 181 INVATA INTRALOGISTICS: COMPANY OVERVIEW
14.2.6 MIAS GMBH
TABLE 182 MIAS GMBH: COMPANY OVERVIEW
14.2.7 OCADO GROUP PLC
TABLE 183 OCADO GROUP PLC: COMPANY OVERVIEW
14.2.8 SENCORPWHITE, INC
TABLE 184 SENCORPWHITE, INC: COMPANY OVERVIEW
14.2.9 VIASTORE SYSTEMS GMBH
TABLE 185 VIASTORE SYSTEMS GMBH: COMPANY OVERVIEW
14.2.10 VIDMAR
TABLE 186 VIDMAR: COMPANY OVERVIEW
14.2.11 WESTFALIA TECHNOLOGIES, INC.
TABLE 187 WESTFALIA TECHNOLOGIES, INC.: COMPANY OVERVIEW
14.2.12 WITRON LOGISTIK + INFORMATIK GMBH
TABLE 188 WITRON LOGISTIK + INFORMATIK GMBH: COMPANY OVERVIEW
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15 ADJACENT MARKET
15.1 RFID MARKET
15.2 INTRODUCTION
FIGURE 60 RFID MARKET, BY OFFERING
FIGURE 61 TAGS SEGMENT TO DOMINATE RFID MARKET DURING FORECAST PERIOD
TABLE 189 RFID MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 190 RFID MARKET, BY OFFERING, 2022–2030 (USD MILLION)
15.3 TAGS
15.3.1 USE OF TAGS TO IDENTIFY ASSETS OR PERSONS
15.4 READERS
15.4.1 FIXED READERS
15.4.1.1 Adoption of fixed readers due to their ruggedness and cost-efficiency
15.4.2 HANDHELD READERS
15.4.2.1 Implementation of handheld readers owing to their mobility
15.5 SOFTWARE & SERVICES
15.5.1 INCREASING ADOPTION OF DATA ANALYSIS AND CLOUD-BASED DATA STORAGE SOLUTIONS TO DRIVE DEMAND FOR SOFTWARE & SERVICES
16 APPENDIX
16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 ASRS MARKET: SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.3.4 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
1.7 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 ASRS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Primary interviews with experts
2.1.2.3 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
FIGURE 3 ASRS MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis (supply side)
FIGURE 4 ASRS MARKET: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF ASRS PRODUCTS/SOLUTIONS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON ASRS MARKET
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
FIGURE 7 RISK ASSESSMENT OF RESEARCH STUDY
3 EXECUTIVE SUMMARY
FIGURE 8 GLOBAL ASRS MARKET, 2019?2028 (USD BILLION)
FIGURE 9 UNIT LOAD SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
FIGURE 10 FOOD & BEVERAGES VERTICAL ACCOUNTED FOR LARGEST SHARE OF ASRS MARKET IN 2022
FIGURE 11 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN ASRS MARKET FROM 2023 TO 2028
4 PREMIUM INSIGHTS
4.1 ASIA PACIFIC TO OFFER LUCRATIVE OPPORTUNITIES FOR PLAYERS IN ASRS MARKET
FIGURE 12 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN ASRS MARKET
4.2 ASRS MARKET, BY TYPE
FIGURE 13 UNIT LOAD SEGMENT TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
4.3 ASRS MARKET, BY VERTICAL
FIGURE 14 FOOD & BEVERAGES AND AUTOMOTIVE VERTICALS TO CAPTURE SUBSTANTIAL MARKET SIZE IN 2023
4.4 ASRS MARKET, BY COUNTRY
FIGURE 15 INDIA AND CHINA TO REGISTER SIGNIFICANTLY HIGH CAGR IN GLOBAL ASRS MARKET FROM 2023 TO 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 ASRS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Strong focus on efficient space utilization and cost saving
5.2.1.2 Increased adoption of ASRS in e-commerce sector
5.2.1.3 Heightened emphasis on achieving operational excellence through precise and efficient inventory management
5.2.1.4 Significant demand for ASRS from automakers
FIGURE 17 ASRS MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High installation and maintenance costs
5.2.2.2 Requirement for technical experts to oversee system operations
FIGURE 18 ASRS MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Growing demand for cold chain systems in Asia Pacific
5.2.3.2 Lucrative opportunities presented by thriving healthcare sector
FIGURE 19 ASRS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Production and revenue losses due to unwanted faults and downtime
5.2.4.2 Designing flexible and scalable ASRS due to rapidly changing technology and customer requirements
FIGURE 20 ASRS MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 21 ASRS SUPPLY CHAIN ANALYSIS
5.4 ECOSYSTEM MAPPING
FIGURE 22 ASRS ECOSYSTEM ANALYSIS
TABLE 1 ROLE OF PARTICIPANTS IN ASRS ECOSYSTEM
5.5 PRICING ANALYSIS
5.5.1 AVERAGE SELLING PRICE OF ASRS OFFERED BY KEY PLAYERS, BY TYPE
FIGURE 23 AVERAGE PROJECT COST OF DIFFERENT TYPES OF ASRS, BY COMPANY
TABLE 2 AVERAGE PROJECT COST OF ASRS BASED ON TYPE, BY COMPANY (USD)
5.5.2 AVERAGE SELLING PRICE TREND
TABLE 3 AVERAGE PROJECT COST OF ASRS, BY TYPE
TABLE 4 AVERAGE SELLING PRICE OF VERTICAL LIFT MODULE (VLM) BY REGION
FIGURE 24 AVERAGE PROJECT COST OF ASRS, 2019?2028
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 25 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AUTOMATED STORAGE AND RETRIEVAL SYSTEM PROVIDERS
5.7 TECHNOLOGY ANALYSIS
5.7.1 INDUSTRY 4.0
5.7.2 5G
5.7.3 MACHINE LEARNING
5.7.4 ROBOTIC PROCESS AUTOMATION
5.7.5 PREDICTIVE ANALYTICS
5.7.6 DIGITAL TWIN MODEL BUILDER
5.7.7 VOICE RECOGNITION
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 26 ASRS MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 5 ASRS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)
5.9.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
TABLE 7 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
5.10 CASE STUDY ANALYSIS
TABLE 8 DELIVERY OF HIGH-DENSITY SECURED ASRS TO MULTI-STORY FACILITY COMPRISING HIGH-VALUE OBJECTS
TABLE 9 DEPLOYMENT OF SCALABLE ASRS FROM ADDVERB TECHNOLOGIES TO INCREASE PRODUCTION CAPACITY OF FMCG PRODUCTS
TABLE 10 IMPLEMENTATION OF ASRS TO ENSURE ERROR-FREE PICKING AND ORDER FULFILLMENT APPLICATIONS
TABLE 11 ADOPTION OF ASRS BY REITAN DISTRIBUTION TO AUTOMATE PALLET STORAGE AND PICKING OPERATIONS
5.11 TRADE ANALYSIS
5.11.1 IMPORT SCENARIO
FIGURE 29 IMPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)
5.11.2 EXPORT SCENARIO
FIGURE 30 EXPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 12 TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS
FIGURE 32 NUMBER OF PATENTS GRANTED ANNUALLY FROM 2013 TO 2022
TABLE 13 LIST OF KEY PATENTS RELATED TO ASRS MARKET
5.13 KEY CONFERENCES AND EVENTS, 2023–2025
TABLE 14 ASRS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.14 REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO ASRS MARKET
TABLE 15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 STANDARDS AND REGULATIONS RELATED TO ASRS SOLUTIONS
TABLE 19 NORTH AMERICA: SAFETY STANDARDS FOR ASRS MARKET
TABLE 20 EUROPE: SAFETY STANDARDS FOR ASRS MARKET
6 OFFERINGS AND EMERGING APPLICATIONS OF ASRS
6.1 INTRODUCTION
6.2 ASRS OFFERINGS
FIGURE 33 OFFERINGS IN ASRS MARKET
6.2.1 HARDWARE
6.2.2 SOFTWARE AND SERVICES
6.3 EMERGING APPLICATIONS OF ASRS
6.3.1 HEALTHCARE STORAGE AND LOGISTICS
6.3.2 LIBRARY AND LABORATORY INVENTORY MANAGEMENT IN ACADEMIC INSTITUTIONS
6.3.3 VERTICAL FARMING AND CROP MONITORING AND TRACING
6.3.4 ORDER FULFILLMENT AND SUPPLY CHAIN ENHANCEMENT IN FASHION AND APPAREL INDUSTRY
6.3.5 WASTE SORTING AND RECYCLING
7 FUNCTIONS OF ASRS
7.1 INTRODUCTION
FIGURE 34 FUNCTIONS OF ASRS
7.2 STORAGE
7.2.1 ABILITY TO USE MINIMUM SPACE TO STORE MAXIMUM INVENTORY IN ORGANIZED MANNER TO BOOST NEED FOR ASRS
7.3 ORDER PICKING
7.3.1 NEED FOR FASTER ORDER FULFILLMENT AND ACCURATE ORDER-PICKING PROCESS TO INCREASE DEMAND FOR ASRS
7.4 DISTRIBUTION
7.4.1 POTENTIAL TO EFFECTIVELY MANAGE INVENTORY AND DISTRIBUTION CHANNELS TO FUEL MARKET GROWTH
7.5 ASSEMBLY
7.5.1 RISING PREFERENCE FOR AUTOMATED ASSEMBLY LINES TO BOOST DEMAND FOR ASRS
7.6 KITTING
7.6.1 INCREASING DEMAND FOR CUSTOMIZED PRODUCTS TO DRIVE ADOPTION OF ASRS FOR KITTING
7.7 OTHERS
8 LATEST TRENDS IN WAREHOUSING IMPACTING MARKET
8.1 INTRODUCTION
8.2 MICRO FULFILLMENT CENTERS
8.2.1 SIGNIFICANT DEVELOPMENTS IN MICRO FULFILLMENT CENTERS
FIGURE 35 KEY ELEMENTS POWERING DEVELOPMENTS IN MFC SPACE
8.2.2 ADVANTAGES OF MFCS OVER CFCS
8.2.3 ECOSYSTEM OF MICRO FULFILLMENT CENTERS
FIGURE 36 ECOSYSTEM ANALYSIS
8.2.4 MAJOR COMPANIES LEADING TOWARD MICRO FULFILLMENT CENTERS
8.2.5 KEY TECHNOLOGIES INVOLVED IN MICRO FULFILLMENT CENTERS
FIGURE 37 KEY TECHNOLOGIES USED IN MICRO FULFILLMENT CENTERS
8.2.5.1 Cube storage
8.2.5.2 Autonomous mobile robots (AMRs)
8.2.5.3 Shuttle systems
8.2.5.4 Others
8.2.6 BRIEF INFORMATION ON INVESTMENTS IN MICRO FULFILLMENT TECHNOLOGY
TABLE 21 OVERVIEW OF RECENT MAJOR FUNDINGS FOR MFCS
8.2.7 MICRO FULFILLMENT CENTERS IN US
8.3 AUTONOMOUS MACHINES
8.4 DARK STORES
8.5 DATA ANALYTICS AND AI INTEGRATION INTO WAREHOUSING
8.6 CLOUD-BASED WAREHOUSING MANAGEMENT
8.7 ROBOTICS
9 DEPLOYMENT MODES AND SYSTEM COMPONENTS OF ASRS
9.1 INTRODUCTION
9.2 DEPLOYMENT MODES OF ASRS
9.2.1 STANDALONE
9.2.2 INTEGRATED
9.3 ASRS COMPONENTS
9.3.1 RACK STRUCTURE
9.3.2 CONTROL SYSTEM
9.3.3 RETRIEVAL SYSTEM
9.3.4 OTHERS
10 ASRS MARKET, BY TYPE
10.1 INTRODUCTION
FIGURE 38 ASRS MARKET, BY TYPE
FIGURE 39 UNIT LOAD SEGMENT TO HOLD LARGEST SHARE OF ASRS MARKET IN 2023
TABLE 22 ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 23 ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
10.2 UNIT LOAD
10.2.1 INCREASING ADOPTION OF UNIT-LOAD ASRS TO RESOLVE OPERATIONAL AND PRODUCTIVITY ISSUES TO DRIVE MARKET
TABLE 24 UNIT LOAD: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 25 UNIT LOAD: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 26 UNIT LOAD: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 27 UNIT LOAD: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 MINI LOAD
10.3.1 RISING DEPLOYMENT OF MINI-LOAD ASRS IN SPACE-CONSTRAINED FACILITIES TO FUEL MARKET GROWTH
TABLE 28 MINI LOAD: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 29 MINI LOAD: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 30 MINI LOAD: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 MINI LOAD: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 VERTICAL LIFT MODULE (VLM)
10.4.1 GROWING IMPLEMENTATION OF VLMS IN ORDER PICKING, KITTING, AND INVENTORY STORAGE APPLICATIONS TO BOOST SEGMENTAL GROWTH
TABLE 32 VLM: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 33 VLM: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
FIGURE 40 ASIA PACIFIC TO HOLD SIGNIFICANT SHARE OF ASRS MARKET FOR VERTICAL LIFT MODULES THROUGHOUT FORECAST PERIOD
TABLE 34 VLM: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 35 VLM: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.5 CAROUSEL
10.5.1 VERTICAL CAROUSEL
10.5.1.1 Rising use of vertical carousel to save floor space to fuel segmental growth
10.5.2 HORIZONTAL CAROUSEL
10.5.2.1 Increasing adoption of horizontal carousel to ensure improved flexibility and high efficiency in item picking to support segmental growth
TABLE 36 CAROUSEL: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 37 CAROUSEL: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 38 CAROUSEL: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 39 CAROUSEL: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.6 MID LOAD
10.6.1 ELEVATING DEMAND FOR MID-LOAD ASRS IN ASSEMBLY, HIGH-DENSITY STORAGE, AND ORDER FULFILLMENT APPLICATIONS TO CONTRIBUTE TO MARKET GROWTH
TABLE 40 MID LOAD: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 41 MID LOAD: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 42 MID LOAD: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 43 MID LOAD: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11 ASRS MARKET, BY VERTICAL
11.1 INTRODUCTION
FIGURE 41 ASRS MARKET, BY VERTICAL
FIGURE 42 FOOD & BEVERAGES VERTICAL TO LEAD ASRS MARKET IN 2023
TABLE 44 ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 45 ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
11.2 AUTOMOTIVE
11.2.1 INCREASING ADOPTION OF ASRS BY AUTOMAKERS FOR RAW MATERIAL HANDLING AND MOVING GOODS TO MANUFACTURING UNITS AND WAREHOUSES
FIGURE 43 UNIT-LOAD ASRS TO HOLD LARGEST MARKET SHARE FOR AUTOMOTIVE VERTICAL THROUGHOUT FORECAST PERIOD
TABLE 46 AUTOMOTIVE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 47 AUTOMOTIVE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 48 AUTOMOTIVE: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 49 AUTOMOTIVE: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.3 METALS & HEAVY MACHINERY
11.3.1 ELEVATING DEMAND FOR ASRS BY METAL AND HEAVY MACHINERY MAKERS TO FACILITATE INTRALOGISTICS MOVEMENT OF LARGE AND HEAVY COMPONENTS AND GOODS
TABLE 50 METALS & HEAVY MACHINERY: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 51 METALS & HEAVY MACHINERY: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 52 METALS & HEAVY MACHINERY: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 53 METALS & HEAVY MACHINERY: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.4 FOOD & BEVERAGES
11.4.1 PRESSING NEED FOR EFFICIENT STORAGE, RETRIEVAL, AND TRANSPORTATION SOLUTIONS WITH RISING DEMAND FOR PROCESSED AND PACKAGED FOOD
TABLE 54 FOOD & BEVERAGES: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 55 FOOD & BEVERAGES: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 56 FOOD & BEVERAGES: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 57 FOOD & BEVERAGES: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.5 CHEMICALS
11.5.1 INCREASING USE OF ASRS BY CHEMICAL COMPANIES TO REDUCE WORKFORCE AND MAXIMIZE SPACE UTILIZATION
TABLE 58 CHEMICALS: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 59 CHEMICALS: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 60 CHEMICALS: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 61 CHEMICALS: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.6 HEALTHCARE
11.6.1 RISING USE OF ASRS BY DRUG MANUFACTURERS TO ADHERE TO SAFETY NORMS
TABLE 62 HEALTHCARE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 63 HEALTHCARE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 64 HEALTHCARE: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 HEALTHCARE: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.7 SEMICONDUCTOR & ELECTRONICS
11.7.1 GROWING NEED FOR ASRS BY SEMICONDUCTOR AND ELECTRONICS MANUFACTURERS OWING TO HIGH ADOPTION OF AI AND IIOT TECHNOLOGIES
TABLE 66 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 67 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 68 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 69 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.8 RETAIL
11.8.1 SURGING USE OF ASRS BY RETAIL COMPANIES FOR QUICKER AND ACCURATE ORDER PICKING, PACKING, AND SHIPPING PROCESSES
TABLE 70 RETAIL: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 71 RETAIL: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 72 RETAIL: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 RETAIL: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.9 AVIATION
11.9.1 GROWING DEMAND FOR ASRS BY AIRCRAFT MANUFACTURERS TO STORE, HANDLE, AND TRACK AIRCRAFT COMPONENTS REQUIRED DURING ASSEMBLY
TABLE 74 AVIATION: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 75 AVIATION: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 76 AVIATION: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 77 AVIATION: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.10 E-COMMERCE
11.10.1 INCREASING ADOPTION OF ASRS BY E-COMMERCE COMPANIES TO REDUCE DELIVERY TIME
FIGURE 44 VLM AND CAROUSEL SEGMENTS TO RECORD SIGNIFICANTLY HIGHER CAGRS IN ASRS MARKET FOR E-COMMERCE DURING FORECAST PERIOD
TABLE 78 E-COMMERCE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 79 E-COMMERCE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 80 E-COMMERCE: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 81 E-COMMERCE: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.11 OTHER VERTICALS
TABLE 82 OTHER VERTICALS: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 83 OTHER VERTICALS: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 84 OTHER VERTICALS: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 85 OTHER VERTICALS: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
12 ASRS MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 45 ASRS MARKET IN CHINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 86 ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 87 ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
12.2 NORTH AMERICA
12.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 46 NORTH AMERICA: SNAPSHOT OF ASRS MARKET
TABLE 88 NORTH AMERICA: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 89 NORTH AMERICA: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 90 NORTH AMERICA: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 91 NORTH AMERICA: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 92 NORTH AMERICA: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 93 NORTH AMERICA: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.2.2 US
12.2.2.1 Substantial technological advancements in retail sector to accelerate demand for ASRS
12.2.3 CANADA
12.2.3.1 Booming manufacturing and automotive sectors to contribute to market growth
12.2.4 MEXICO
12.2.4.1 Rising preference for convenience foods and prepared meals to drive market
12.3 EUROPE
12.3.1 EUROPE: RECESSION IMPACT
FIGURE 47 EUROPE: SNAPSHOT OF ASRS MARKET
TABLE 94 EUROPE: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 95 EUROPE: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 96 EUROPE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 97 EUROPE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 98 EUROPE: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 99 EUROPE: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.3.2 GERMANY
12.3.2.1 High demand for ASRS from automotive sector to drive market
12.3.3 UK
12.3.3.1 Increasing adoption of ASRS by auto manufacturers and component providers to stimulate market growth
12.3.4 FRANCE
12.3.4.1 Strong industrial and manufacturing sector to boost ASRS demand
12.3.5 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 48 ASIA PACIFIC: SNAPSHOT OF ASRS MARKET
TABLE 100 ASIA PACIFIC: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 101 ASIA PACIFIC: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 102 ASIA PACIFIC: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 103 ASIA PACIFIC: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 104 ASIA PACIFIC: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 105 ASIA PACIFIC: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.4.2 CHINA
12.4.2.1 Expanding automotive, electronics, and manufacturing verticals to create opportunities for ASRS suppliers
12.4.3 JAPAN
12.4.3.1 Thriving manufacturing sector to boost market growth
12.4.4 AUSTRALIA
12.4.4.1 Food & beverages and healthcare verticals to contribute to market growth
12.4.5 INDIA
12.4.5.1 Rapid industrial development to boost demand for ASRS
12.4.6 MALAYSIA
12.4.6.1 Growing use of ASRS in warehouses of e-commerce companies to fuel market growth
12.4.7 TAIWAN
12.4.7.1 Robust electronics & semiconductor industry to drive market
12.4.8 INDONESIA
12.4.8.1 Increasing demand for ASRS in retail and e-commerce sectors to accelerate market growth
12.4.9 SOUTH KOREA
12.4.9.1 Strong focus on providing high-quality semiconductors and electronic products to support adoption of ASRS
12.4.10 REST OF ASIA PACIFIC
12.5 ROW
12.5.1 ROW: RECESSION IMPACT
TABLE 106 ROW: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 107 ROW: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 108 ROW: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 109 ROW: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 110 ROW: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 111 ROW: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.5.2 SOUTH AMERICA
12.5.2.1 Focus of food processing companies on automation to increase deployment of ASRS
12.5.3 MIDDLE EAST
TABLE 112 MIDDLE EAST: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 113 MIDDLE EAST: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
12.5.3.1 Saudi Arabia
12.5.3.1.1 Growing aviation, automotive, and e-commerce sectors to drive market
12.5.3.2 UAE
12.5.3.2.1 Booming manufacturing sector to boost demand for ASRS
12.5.3.3 Rest of Middle East
12.5.4 AFRICA
12.5.4.1 Rising adoption of warehouse automation solutions to increase demand for ASRS
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 114 OVERVIEW OF STRATEGIES DEPLOYED BY KEY ASRS MANUFACTURERS
13.3 REVENUE ANALYSIS OF TOP COMPANIES
FIGURE 49 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN ASRS MARKET
13.4 MARKET SHARE ANALYSIS
TABLE 115 ASRS MARKET SHARE ANALYSIS, 2022
FIGURE 50 ASRS MARKET: SHARE OF KEY PLAYERS
13.5 COMPANY EVALUATION MATRIX, 2022
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 51 ASRS MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2022
13.5.5 ASRS MARKET: COMPANY FOOTPRINT
TABLE 116 COMPANY FOOTPRINT
TABLE 117 TYPE: COMPANY FOOTPRINT
TABLE 118 VERTICAL: COMPANY FOOTPRINT
TABLE 119 REGION: COMPANY FOOTPRINT
13.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 52 ASRS MARKET (GLOBAL) SMES EVALUATION MATRIX, 2022
13.6.5 COMPETITIVE BENCHMARKING
TABLE 120 ASRS MARKET: LIST OF KEY STARTUPS/SMES
TABLE 121 ASRS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
13.7 COMPETITIVE SCENARIO
TABLE 122 ASRS MARKET: PRODUCT LAUNCHES, 2021?2023
TABLE 123 ASRS MARKET: DEALS, 2021–2023
TABLE 124 ASRS MARKET: OTHERS, 2021–2023
14 COMPANY PROFILES
(Business overview, Products offered, Recent Developments, MNM view)*
14.1 KEY PLAYERS
14.1.1 DAIFUKU CO., LTD.
TABLE 125 DAIFUKU CO., LTD.: COMPANY OVERVIEW
FIGURE 53 DAIFUKU CO., LTD.: COMPANY SNAPSHOT
TABLE 126 DAIFUKU CO., LTD.: PRODUCTS OFFERED
TABLE 127 DAIFUKU CO., LTD.: DEALS
TABLE 128 DAIFUKU CO., LTD.: OTHERS
14.1.2 MURATA MACHINERY, LTD.
TABLE 129 MURATA MACHINERY, LTD.: COMPANY OVERVIEW
TABLE 130 MURATA MACHINERY, LTD.: PRODUCTS OFFERED
TABLE 131 MURATA MACHINERY, LTD.: OTHERS
14.1.3 SSI SCHAEFER
TABLE 132 SSI SCHAEFER: COMPANY OVERVIEW
TABLE 133 SSI SCHAEFER: PRODUCTS OFFERED
TABLE 134 SSI SCHAEFER: OTHERS
14.1.4 TGW LOGISTICS GROUP GMBH
TABLE 135 TGW LOGISTICS GROUP GMBH: COMPANY OVERVIEW
TABLE 136 TGW LOGISTICS GROUP GMBH: PRODUCTS OFFERED
TABLE 137 TGW LOGISTICS GROUP GMBH: PRODUCT LAUNCHES
TABLE 138 TGW LOGISTICS GROUP GMBH: DEALS
TABLE 139 TGW LOGISTICS GROUP GMBH: OTHERS
14.1.5 KARDEX HOLDING AG
TABLE 140 KARDEX HOLDING AG: COMPANY OVERVIEW
FIGURE 54 KARDEX HOLDING AG: COMPANY SNAPSHOT
TABLE 141 KARDEX HOLDING AG: PRODUCTS OFFERED
TABLE 142 KARDEX HOLDING AG: PRODUCT LAUNCHES
TABLE 143 KARDEX HOLDING AG: OTHERS
14.1.6 BEUMER GROUP GMBH & CO. KG
TABLE 144 BEUMER GROUP GMBH & CO. KG: COMPANY OVERVIEW
TABLE 145 BEUMER GROUP GMBH & CO. KG: PRODUCTS OFFERED
TABLE 146 BEUMER GROUP GMBH & CO. KG: PRODUCT LAUNCHES
TABLE 147 BEUMER GROUP GMBH & CO. KG: DEALS
TABLE 148 BEUMER GROUP GMBH & CO. KG: OTHERS
14.1.7 HONEYWELL INTERNATIONAL INC.
TABLE 149 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEWS
FIGURE 55 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 150 HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED
TABLE 151 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
14.1.8 KION GROUP AG
TABLE 152 KION GROUP AG: COMPANY OVERVIEW
FIGURE 56 KION GROUP AG: COMPANY SNAPSHOT
TABLE 153 KION GROUP AG: PRODUCTS OFFERED
TABLE 154 KION GROUP AG: PRODUCT LAUNCHES
TABLE 155 KION GROUP AG: OTHERS
14.1.9 KNAPP AG
TABLE 156 KNAPP AG: COMPANY OVERVIEW
TABLE 157 KNAPP AG: PRODUCTS OFFERED
TABLE 158 KNAPP AG: DEALS
TABLE 159 KNAPP AG: OTHERS
14.1.10 KUKA AG
TABLE 160 KUKA AG: COMPANY OVERVIEW
FIGURE 57 KUKA AG: COMPANY SNAPSHOT
TABLE 161 KUKA AG: PRODUCTS OFFERED
TABLE 162 KUKA AG: OTHERS
14.1.11 MECALUX, S.A.
TABLE 163 MECALUX, S.A.: COMPANY OVERVIEW
TABLE 164 MECALUX, S.A.: PRODUCTS OFFERED
TABLE 165 MECALUX, S.A.: OTHERS
14.1.12 SYSTEM LOGISTICS S.P.A.
TABLE 166 SYSTEM LOGISTICS S.P.A.: COMPANY OVERVIEW
TABLE 167 SYSTEM LOGISTICS S.P.A.: PRODUCTS OFFERED
TABLE 168 SYSTEM LOGISTICS S.P.A.: OTHERS
14.1.13 TOYOTA INDUSTRIES CORPORATION
TABLE 169 TOYOTA INDUSTRIES CORPORATION: COMPANY OVERVIEW
FIGURE 58 TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT
TABLE 170 TOYOTA INDUSTRIES CORPORATION: PRODUCTS OFFERED
TABLE 171 TOYOTA INDUSTRIES CORPORATION: PRODUCT LAUNCHES
TABLE 172 TOYOTA INDUSTRIES CORPORATION: DEALS
TABLE 173 TOYOTA INDUSTRIES CORPORATION: OTHERS
14.1.14 IHI CORPORATION
TABLE 174 IHI CORPORATION: COMPANY OVERVIEW
FIGURE 59 IHI CORPORATION: COMPANY SNAPSHOT
TABLE 175 IHI CORPORATION: PRODUCTS OFFERED
TABLE 176 IHI CORPORATION: DEALS
14.2 OTHER PLAYERS
14.2.1 AUTOMATION LOGISTICS CORPORATION
TABLE 177 AUTOMATION LOGISTICS CORPORATION: COMPANY OVERVIEW
14.2.2 AUTOCRIB
TABLE 178 AUTOCRIB: COMPANY OVERVIEW
14.2.3 FERRETTO GROUP SPA
TABLE 179 FERRETTO GROUP SPA: COMPANY OVERVIEW
14.2.4 HДNEL GMBH & CO. KG
TABLE 180 HДNEL GMBH & CO. KG: COMPANY OVERVIEW
14.2.5 INVATA INTRALOGISTICS
TABLE 181 INVATA INTRALOGISTICS: COMPANY OVERVIEW
14.2.6 MIAS GMBH
TABLE 182 MIAS GMBH: COMPANY OVERVIEW
14.2.7 OCADO GROUP PLC
TABLE 183 OCADO GROUP PLC: COMPANY OVERVIEW
14.2.8 SENCORPWHITE, INC
TABLE 184 SENCORPWHITE, INC: COMPANY OVERVIEW
14.2.9 VIASTORE SYSTEMS GMBH
TABLE 185 VIASTORE SYSTEMS GMBH: COMPANY OVERVIEW
14.2.10 VIDMAR
TABLE 186 VIDMAR: COMPANY OVERVIEW
14.2.11 WESTFALIA TECHNOLOGIES, INC.
TABLE 187 WESTFALIA TECHNOLOGIES, INC.: COMPANY OVERVIEW
14.2.12 WITRON LOGISTIK + INFORMATIK GMBH
TABLE 188 WITRON LOGISTIK + INFORMATIK GMBH: COMPANY OVERVIEW
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15 ADJACENT MARKET
15.1 RFID MARKET
15.2 INTRODUCTION
FIGURE 60 RFID MARKET, BY OFFERING
FIGURE 61 TAGS SEGMENT TO DOMINATE RFID MARKET DURING FORECAST PERIOD
TABLE 189 RFID MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 190 RFID MARKET, BY OFFERING, 2022–2030 (USD MILLION)
15.3 TAGS
15.3.1 USE OF TAGS TO IDENTIFY ASSETS OR PERSONS
15.4 READERS
15.4.1 FIXED READERS
15.4.1.1 Adoption of fixed readers due to their ruggedness and cost-efficiency
15.4.2 HANDHELD READERS
15.4.2.1 Implementation of handheld readers owing to their mobility
15.5 SOFTWARE & SERVICES
15.5.1 INCREASING ADOPTION OF DATA ANALYSIS AND CLOUD-BASED DATA STORAGE SOLUTIONS TO DRIVE DEMAND FOR SOFTWARE & SERVICES
16 APPENDIX
16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
