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Automated Storage and Retrieval System (ASRS) Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Micro Fulfilment Center, Dark Stores, Industry and Region - Global Forecast to 2027

Automated Storage and Retrieval System (ASRS) Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Micro Fulfilment Center, Dark Stores, Industry and Region - Global Forecast to 2027

The global ASRS market size is anticipated to grow from USD 8.3 billion in 2022 to USD 11.8 billion by 2027, at a CAGR of 7.4% from 2022 to 2027. Technological advancement in the areas of storage centers and warehousing infrastructure and growing digitalization in several industries, such as automotive, e-commerce, and food & beverage, are some of the major factors propelling the growth of the ASRS market.

“Unit load to contribute largest market share from 2022 to 2027.”

Unit load ASRS has a wide range of applications in consumer goods, automotive, publishing, electronic, food & beverage, pharmaceutical and medical supplies, retail and apparel, and other industries. ASRS offers several benefits in distribution, warehousing, and manufacturing environments in order to reduce work-in-progress inventory, enhance product quality, increase productivity and provide real-time inventory control. It also enhances workforce productivity and raise order accuracy and customer services ensuring high throughput, density storage, and reliability, along with damage-free operations.

“Automotive industry is expected to contribute a significant market share in the ASRS market during the forecast period.”

The automotive industry contributed the largest market share in 2022. The main purpose of ASRS in the automotive industry is to support raw material handling and moving spare parts and goods to manufacturing units and warehouses. ASRS also provides the industry with better conveyor systems for automotive assembly plants reducing workers’ load and enabling easy movement of heavy parts and a high volume of applications performed. Some major providers of ASRS for the automotive industry include Daifuku, Toyota Industries, and JBT.

“Europe is expected to account for the second-largest market share during the forecast period.”

Europe has become an attractive market for ASRS manufacturing companies worldwide due to well-established companies having innovative machinery and equipment. Several companies based out of North America, Asia Pacific, and Japan have established their operations in Europe to tap and capture European customers; for instance, top companies such as Daifuku, JBT, and Scott Technology are looking for growth in the European market.

There have been some recent developments in the ASRS market in Europe. For instance, in September 2021, Swisslog, a subsidiary of KUKA, partnered with IKEA to provide automated logistics solutions.

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 RoW – 10%

Research Coverage:
The ASRS market has been segmented into method, material, industry and region. The ASRS market has been studied for North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Reasons to buy the report:
•Illustrative segmentation, analysis, and forecast of the market based on type, industry and region have been conducted to give an overall view of the ASRS market.
•A value chain analysis has been performed to provide in-depth insights into the ASRS market.
•The key drivers, restraints, opportunities, and challenges pertaining to the ASRS market have been detailed in this report.
•The report includes a detailed competitive landscape of the market, along with key players, as well as an in-depth analysis of their revenues
Table of Contents

1INTRODUCTION27
1.1STUDY OBJECTIVES27
1.2MARKET DEFINITION27
1.3INCLUSIONS AND EXCLUSIONS28
1.4STUDY SCOPE28
1.4.1MARKETS COVERED28
FIGURE 1ASRS MARKET SEGMENTATION28
1.4.2REGIONAL SCOPE29
1.4.3YEARS CONSIDERED29
1.4.4CURRENCY CONSIDERED30
1.5STAKEHOLDERS30
1.6SUMMARY OF CHANGES30
2RESEARCH METHODOLOGY32
2.1RESEARCH DATA32
FIGURE 2ASRS MARKET: RESEARCH DESIGN32
2.1.1SECONDARY DATA33
2.1.1.1List of major secondary sources33
2.1.1.2Key data from secondary sources34
2.1.2PRIMARY DATA34
2.1.2.1Breakdown of primaries34
2.1.2.2Primary interviews with experts35
2.1.2.3Key data from primary sources35
2.1.3SECONDARY AND PRIMARY RESEARCH36
2.1.3.1Key industry insights37
2.2MARKET SIZE ESTIMATION37
2.2.1BOTTOM-UP APPROACH38
2.2.1.1Approach to arrive at market share using bottom-up analysis (demand side)38
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH38
2.2.2TOP-DOWN APPROACH39
2.2.2.1Approach to arrive at market share using top-down analysis
(supply side)39
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH39
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE FROM SALES OF ASRS PRODUCTS/SOLUTIONS40
2.3MARKET BREAKDOWN AND DATA TRIANGULATION41
FIGURE 6DATA TRIANGULATION41

2.4RESEARCH ASSUMPTIONS AND LIMITATIONS42
2.4.1RESEARCH ASSUMPTIONS42
FIGURE 7RESEARCH/STUDY ASSUMPTIONS42
2.4.2RESEARCH LIMITATIONS42
2.5RISK ASSESSMENT42
FIGURE 8RISK ASSESSMENT OF RESEARCH STUDY42
3EXECUTIVE SUMMARY43
FIGURE 9GLOBAL ASRS MARKET, 2018−2027 (USD BILLION)43
FIGURE 10UNIT LOAD SEGMENT CAPTURED LARGEST SHARE OF ASRS MARKET,
BY TYPE, IN 202144
FIGURE 11AUTOMOTIVE INDUSTRY ACCOUNTED FOR LARGEST SHARE OF ASRS MARKET IN 202144
FIGURE 12ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN ASRS MARKET FROM
2022 TO 202745
4PREMIUM INSIGHTS46
4.1ASIA PACIFIC TO OFFER LUCRATIVE OPPORTUNITIES FOR PLAYERS IN ASRS MARKET46
FIGURE 13ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN ASRS MARKET46
4.2ASRS MARKET, BY TYPE47
FIGURE 14UNIT LOAD SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD47
4.3ASRS MARKET, BY INDUSTRY47
FIGURE 15AUTOMOTIVE INDUSTRY TO HOLD LARGEST SHARE OF ASRS MARKET IN 202247
4.4ASRS MARKET, BY REGION48
FIGURE 16INDIA AND CHINA TO EXHIBIT HIGHER CAGRS IN ASRS MARKET THAN OTHER COUNTRIES DURING 2022−202748
5MARKET OVERVIEW49
5.1INTRODUCTION49
5.2MARKET DYNAMICS49
FIGURE 17ASRS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES49
5.2.1DRIVERS50
5.2.1.1Better floor space utilization and reduced labor requirements and costs by adopting ASRS50
5.2.1.2Increasing penetration of ASRS in e-commerce industry50
5.2.1.3Greater focus on inventory management and control51
5.2.1.4Accelerating demand for ASRS in automotive industry51
FIGURE 18IMPACT ANALYSIS OF DRIVERS FOR ASRS MARKET52
5.2.2RESTRAINTS52
5.2.2.1High initial investments and repair cost52
5.2.2.2Inadequate technical expertise to manage system operations52
FIGURE 19IMPACT ANALYSIS OF RESTRAINTS FOR ASRS MARKET53

5.2.3OPPORTUNITIES53
5.2.3.1Substantial growth in demand for cold chain systems in Asia Pacific53
5.2.3.2Growth prospects in healthcare industry53
FIGURE 20IMPACT ANALYSIS OF OPPORTUNITIES FOR ASRS MARKET54
5.2.4CHALLENGES54
5.2.4.1Reduction in operational efficiency due to technical faults and significant downtime54
5.2.4.2Development of flexible and scalable ASRS solutions owing to constant technological advances54
FIGURE 21IMPACT ANALYSIS OF CHALLENGES FOR ASRS MARKET55
5.3VALUE CHAIN ANALYSIS55
FIGURE 22VALUE CHAIN ANALYSIS OF ASRS MARKET55
5.4ECOSYSTEM56
FIGURE 23ECOSYSTEM56
TABLE 1ASRS MARKET: ECOSYSTEM57
5.5PRICING ANALYSIS58
5.5.1PRICING ANALYSIS OF KEY PLAYERS58
FIGURE 24ASP OF ASRS BASED ON TYPE58
TABLE 2AVERAGE SELLING PRICE OF ASRS BASED ON TYPE, BY COMPANY (USD)58
5.5.2ASP TRENDS58
TABLE 3AVERAGE PROJECT COST OF ASRS59
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS59
FIGURE 25REVENUE SHIFT FOR ASRS MARKET59
5.7TECHNOLOGY ANALYSIS60
5.7.1INDUSTRY 4.060
5.7.25G60
5.7.3MACHINE LEARNING60
5.7.4ROBOTIC PROCESS AUTOMATION60
5.8PORTER’S FIVE FORCES ANALYSIS61
TABLE 4ASRS MARKET: PORTER’S FIVE FORCES ANALYSIS61
5.9KEY STAKEHOLDERS AND BUYING CRITERIA62
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS62
FIGURE 26INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
FOR TOP THREE INDUSTRIES62
TABLE 5INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
FOR TOP THREE INDUSTRIES (%)62
5.9.2BUYING CRITERIA63
FIGURE 27KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES63
TABLE 6KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES63
5.10CASE STUDY ANALYSIS64
TABLE 7MARKET ASSESSMENT FOR HIGH-DENSITY SECURED ASRS64
TABLE 8MARKET ASSESSMENT FOR SCALABLE ASRS64
TABLE 9MARKET ASSESSMENT FOR ADVANCED DISTRIBUTION CENTER65
5.11TRADE ANALYSIS65
5.11.1IMPORT SCENARIO65
FIGURE 28IMPORTS, BY KEY COUNTRY, 2017–2021 (USD MILLION)65
5.11.2EXPORT SCENARIO66
FIGURE 29EXPORTS, BY KEY COUNTRY, 2017–2021 (USD MILLION)66
5.12PATENT ANALYSIS67
FIGURE 30TOP 10 COMPANIES/INSTITUTIONS WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS67
TABLE 10TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS67
FIGURE 31NUMBER OF PATENTS GRANTED EVERY YEAR FROM 2011 TO 202168
TABLE 11LIST OF KEY PATENTS IN ASRS MARKET, 2019–202268
5.13KEY CONFERENCES AND EVENTS, 2022–202569
TABLE 12ASRS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS69
5.14REGULATORY LANDSCAPE70
5.14.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO ASRS MARKET70
TABLE 13NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 14EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 15ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
5.14.2STANDARDS AND REGULATIONS RELATED TO ASRS SOLUTIONS72
TABLE 16NORTH AMERICA: SAFETY STANDARDS FOR ASRS MARKET73
TABLE 17EUROPE: SAFETY STANDARDS FOR ASRS MARKET73
6OFFERINGS AND EMERGING APPLICATIONS OF ASRS74
6.1INTRODUCTION74
6.2ASRS OFFERINGS74
FIGURE 32OFFERINGS IN ASRS MARKET74
6.2.1HARDWARE74
6.2.2SOFTWARE AND SERVICES74
6.3EMERGING APPLICATIONS OF ASRS75
6.3.1HOSPITALS75
6.3.2ACADEMIC INSTITUTIONS75
7FUNCTIONS OF ASRS76
7.1INTRODUCTION76
FIGURE 33FUNCTIONS OF ASRS76
7.2STORAGE76
7.2.1ASRS STORAGE FUNCTION PROVIDES ACCURACY AND EFFICIENT WAREHOUSE MANAGEMENT76

7.3ORDER PICKING77
7.3.1ORDER PICKING HELPS DELIVER PRODUCTS ON TIME AND REDUCES LABOR COSTS77
7.4DISTRIBUTION77
7.4.1FOOD & BEVERAGE INDUSTRY REQUIRES ASRS FOR EFFICIENT DISTRIBUTION OF INVENTORY77
7.5ASSEMBLY78
7.5.1USE OF ASRS IN ASSEMBLY LINES CAN IMPROVE ACCURACY AND SPEED78
7.6KITTING79
7.6.1KNITTING HELPS SIMPLIFY PACKAGING AND SHIPPING FOR MULTIPLE PRODUCT ORDERS79
7.7OTHERS79
8LATEST TRENDS IN WAREHOUSING IMPACTING MARKET80
8.1INTRODUCTION80
8.2MICRO FULFILLMENT CENTERS80
8.2.1SIGNIFICANT DEVELOPMENTS IN MFC SPACE80
FIGURE 34KEY ELEMENTS POWERING DEVELOPMENTS IN MFC SPACE81
8.2.2ADVANTAGES OF MFCS OVER CFCS82
8.2.3ECOSYSTEM OF MFCS83
FIGURE 35ECOSYSTEM OF MFCS83
8.2.4MAJOR COMPANIES LEADING WAYS TO MFCS83
8.2.5KEY TECHNOLOGIES INVOLVED IN MFCS84
FIGURE 36KEY TECHNOLOGIES USED IN MFCS84
8.2.5.1Cube storage84
8.2.5.2Autonomous mobile robots (AMRs)84
8.2.5.3Shuttle systems85
8.2.5.4Others85
8.2.6BRIEF INFORMATION ABOUT FUNDING IN MFCS85
TABLE 18OVERVIEW OF RECENT MAJOR FUNDINGS FOR MFCS86
8.2.7NUMBER OF MFCS DEPLOYED IN US87
8.3AUTONOMOUS MACHINES87
8.4DARK STORES88
9ASRS MARKET, BY TYPE89
9.1INTRODUCTION90
FIGURE 37ASRS MARKET, BY TYPE90
FIGURE 38UNIT LOAD SEGMENT TO HOLD LARGEST SHARE OF ASRS MARKET IN 202290
TABLE 19ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)91
TABLE 20ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)91

9.2UNIT LOAD92
9.2.1DEPLOYMENT OF UNIT LOAD ASRS TO RESOLVE OPERATIONAL, SECURITY, AND PRODUCTIVITY ISSUES TO PROPEL MARKET GROWTH92
TABLE 21UNIT LOAD: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)93
TABLE 22UNIT LOAD: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)93
TABLE 23UNIT LOAD: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)94
TABLE 24UNIT LOAD: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)94
9.3MINI LOAD94
9.3.1ADOPTION OF MINI-LOAD ASRS TO ENSURE HIGH-DENSITY OPERATIONS AND HIGH-SPEED MOVEMENT ON THREE-DIMENSIONAL AXIS TO SPUR THEIR DEMAND94
TABLE 25MINI LOAD: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)95
TABLE 26MINI LOAD: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)96
TABLE 27MINI LOAD: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)96
TABLE 28MINI LOAD: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)96
9.4VERTICAL LIFT MODULE (VLM)97
9.4.1GREATER ACCURACY AND EFFICIENT SPACE UTILIZATION FEATURES OF VLMS TO STIMULATE MARKET GROWTH97
TABLE 29VLM: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)97
TABLE 30VLM: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)98
FIGURE 39ASIA PACIFIC TO HOLD SIGNIFICANT SHARE OF ASRS MARKET FOR VLM THROUGHOUT FORECAST PERIOD98
TABLE 31VLM: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)99
TABLE 32VLM: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)99
9.5CAROUSEL99
9.5.1VERTICAL CAROUSEL99
9.5.1.1Rising use of vertical carousels to save floor space to push market growth99
9.5.2HORIZONTAL CAROUSEL100
9.5.2.1Growing adoption of horizontal carousels to ensure effective storage and retrieval processes to drive market100
TABLE 33CAROUSEL: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)100
TABLE 34CAROUSEL: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)101
TABLE 35CAROUSEL: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)101
TABLE 36CAROUSEL: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)101
9.6MID LOAD102
9.6.1INCREASING USE OF MID-LOAD ASRS OWING TO THEIR FLEXIBILITY TO SUPPORT MARKET GROWTH102
TABLE 37MID LOAD: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)102
TABLE 38MID LOAD: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)103
TABLE 39MID LOAD: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)103
TABLE 40MID LOAD: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)103

10ASRS MARKET, BY INDUSTRY105
10.1INTRODUCTION106
FIGURE 40ASRS MARKET, BY INDUSTRY106
FIGURE 41AUTOMOTIVE INDUSTRY TO LEAD ASRS MARKET IN 2022107
TABLE 41ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)107
TABLE 42ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)108
10.2AUTOMOTIVE109
10.2.1EUROPEAN AUTOMOTIVE INDUSTRY TO ACCOUNT FOR SIGNIFICANT MARKET SHARE109
FIGURE 42UNIT LOAD ASRS TO HOLD LARGEST MARKET SHARE FOR AUTOMOTIVE INDUSTRY THROUGHOUT FORECAST PERIOD109
TABLE 43AUTOMOTIVE: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)110
TABLE 44AUTOMOTIVE: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)110
TABLE 45AUTOMOTIVE: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)110
TABLE 46AUTOMOTIVE: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)111
10.3METAL & HEAVY MACHINERY111
10.3.1ADOPTION OF INTRALOGISTICS SOLUTIONS TO MOVE HEAVY METALS AND MACHINERY TO DRIVE MARKET GROWTH111
TABLE 47METAL & HEAVY MACHINERY: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)111
TABLE 48METAL & HEAVY MACHINERY: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)112
TABLE 49METAL & HEAVY MACHINERY: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)112
TABLE 50METAL & HEAVY MACHINERY: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)112
10.4FOOD & BEVERAGE113
10.4.1CONSTANT NEED FOR EFFICIENT AND SAFE STORAGE AND RETRIEVAL SOLUTIONS TO INCREASE DEMAND FOR ASRS113
TABLE 51FOOD & BEVERAGE: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)113
TABLE 52FOOD & BEVERAGE: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)114
TABLE 53FOOD & BEVERAGE: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)114
TABLE 54FOOD & BEVERAGE: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)114
10.5CHEMICAL115
10.5.1INCLINATION OF CHEMICAL COMPANIES TOWARD DIGITALIZATION TO
FUEL ASRS DEMAND115
TABLE 55CHEMICAL: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)115
TABLE 56CHEMICAL: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)116
TABLE 57CHEMICAL: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)116
TABLE 58CHEMICAL: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)116
10.6HEALTHCARE117
10.6.1INCREASED USE OF MATERIAL HANDLING EQUIPMENT BY HEALTHCARE COMPANIES TO SUPPORT MARKET GROWTH117
TABLE 59HEALTHCARE: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)117
TABLE 60HEALTHCARE: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)118
TABLE 61HEALTHCARE: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)118
TABLE 62HEALTHCARE: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)118
10.7SEMICONDUCTOR & ELECTRONICS119
10.7.1NEED TO ENHANCE ACCURACY IN SEMICONDUCTOR MANUFACTURING TO SURGE ASRS DEMAND119
TABLE 63SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)119
TABLE 64SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)120
TABLE 65SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)120
TABLE 66SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)120
10.8RETAIL121
10.8.1CONSTANT REQUIREMENT FOR EFFICIENT AND TIMELY STORAGE AND PRODUCT RETRIEVAL FROM RETAIL STORES TO SUPPORT MARKET GROWTH121
TABLE 67RETAIL: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)121
TABLE 68RETAIL: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)122
TABLE 69RETAIL: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)122
TABLE 70RETAIL: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)122
10.9AVIATION123
10.9.1NEED FOR EFFORTLESS MANUFACTURING AND ASSEMBLY OF AIRCRAFT TO ESCALATE DEMAND FOR ASRS123
TABLE 71AVIATION: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)123
TABLE 72AVIATION: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)123
TABLE 73AVIATION: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)124
TABLE 74AVIATION: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)124
10.10E-COMMERCE124
10.10.1USE OF ASRS FOR DECREASING TRANSIT TIME TO STIMULATE MARKET GROWTH124
FIGURE 43VLM AND CAROUSEL SEGMENTS TO RECORD SIGNIFICANTLY HIGHER CAGRS IN ASRS MARKET FOR E-COMMERCE DURING FORECAST PERIOD125
TABLE 75E-COMMERCE: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)125
TABLE 76E-COMMERCE: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)126
TABLE 77E-COMMERCE: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)126
TABLE 78E-COMMERCE: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)126
10.11OTHERS127
TABLE 79OTHERS: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)127
TABLE 80OTHERS: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)127
TABLE 81OTHERS: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)128
TABLE 82OTHERS: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)128

11ASRS MARKET, BY REGION129
11.1INTRODUCTION130
FIGURE 44ASRS MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD130
TABLE 83ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)130
TABLE 84ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)131
11.2NORTH AMERICA131
FIGURE 45NORTH AMERICA: SNAPSHOT OF ASRS MARKET132
TABLE 85NORTH AMERICA: ASRS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)132
TABLE 86NORTH AMERICA: ASRS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)133
TABLE 87NORTH AMERICA: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)133
TABLE 88NORTH AMERICA: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)133
TABLE 89NORTH AMERICA: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)134
TABLE 90NORTH AMERICA: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)134
11.2.1US135
11.2.1.1Rapid technological advances in retail industry to support market growth135
11.2.2CANADA135
11.2.2.1Thriving automotive industry to fuel demand for ASRS135
11.2.3MEXICO135
11.2.3.1Efficient manufacturing base to provide opportunistic environment for ASRS market135
11.3EUROPE136
FIGURE 46EUROPE: SNAPSHOT OF ASRS MARKET137
TABLE 91EUROPE: ASRS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)137
TABLE 92EUROPE: ASRS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)138
TABLE 93EUROPE: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)138
TABLE 94EUROPE: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)138
TABLE 95EUROPE: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)139
TABLE 96EUROPE: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)139
11.3.1GERMANY140
11.3.1.1Rising adoption of ASRS by premium automobile manufacturers to drive market140
11.3.2UK140
11.3.2.1Significant presence of auto manufacturers and component providers to support market growth140
11.3.3FRANCE140
11.3.3.1Booming manufacturing sector to facilitate deployment of ASRS140
11.3.4REST OF EUROPE141
11.4ASIA PACIFIC141
FIGURE 47ASIA PACIFIC: SNAPSHOT OF ASRS MARKET142
TABLE 97ASIA PACIFIC: ASRS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)143
TABLE 98ASIA PACIFIC: ASRS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)143
TABLE 99ASIA PACIFIC: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)144
TABLE 100ASIA PACIFIC: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)144
TABLE 101ASIA PACIFIC: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)144
TABLE 102ASIA PACIFIC: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)145
11.4.1CHINA145
11.4.1.1Market in China to be driven by manufacturing, automotive, and other industries145
11.4.2JAPAN146
11.4.2.1Escalating labor costs and broad industrial base to fuel ASRS market growth146
11.4.3AUSTRALIA146
11.4.3.1Food & beverage and healthcare industries to foster ASRS market growth146
11.4.4INDIA146
11.4.4.1Focus on automotive industry to rise demand for ASRS146
11.4.5MALAYSIA146
11.4.5.1E-commerce business to drive ASRS market146
11.4.6TAIWAN147
11.4.6.1Thriving electronics & semiconductor industry to fuel market growth147
11.4.7INDONESIA147
11.4.7.1Significant growth of retail and e-commerce sectors to push
ASRS demand147
11.4.8SOUTH KOREA147
11.4.8.1Semiconductor industry to fuel market growth147
11.4.9REST OF ASIA PACIFIC147
11.5ROW148
TABLE 103ROW: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)148
TABLE 104ROW: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)148
TABLE 105ROW: ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)148
TABLE 106ROW: ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)149
TABLE 107ROW: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)149
TABLE 108ROW: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)150
11.5.1SOUTH AMERICA150
11.5.1.1Adoption of automation by food processing companies to spike ASRS demand150
11.5.2MIDDLE EAST150
TABLE 109MIDDLE EAST: ASRS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)151
TABLE 110MIDDLE EAST: ASRS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)151
11.5.2.1Saudi Arabia151
11.5.2.1.1Automotive, aviation, and e-commerce industries to offer market growth opportunities151
11.5.2.2UAE152
11.5.2.2.1Rising number of construction projects to stimulate
ASRS demand152
11.5.2.3Rest of Middle East152
11.5.3AFRICA152
11.5.3.1Strong focus on warehouse automation to foster demand for ASRS152
12COMPETITIVE LANDSCAPE153
12.1OVERVIEW153
12.2STRATEGIES ADOPTED BY KEY PLAYERS153
TABLE 111OVERVIEW OF STRATEGIES DEPLOYED BY KEY ASRS MANUFACTURERS153
12.3TOP 5 COMPANY REVENUE ANALYSIS154
FIGURE 48REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2017–2021154
12.4MARKET SHARE ANALYSIS155
TABLE 112MARKET SHARE OF TOP FIVE PLAYERS IN ASRS MARKET IN 2021155
12.5COMPETITIVE EVALUATION QUADRANT, 2021157
12.5.1STAR PLAYERS157
12.5.2EMERGING LEADERS157
12.5.3PERVASIVE PLAYERS157
12.5.4PARTICIPANTS157
FIGURE 49ASRS MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2021158
12.6SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021159
12.6.1PROGRESSIVE COMPANIES159
12.6.2RESPONSIVE COMPANIES159
12.6.3DYNAMIC COMPANIES159
12.6.4STARTING BLOCKS159
FIGURE 50ASRS MARKET (GLOBAL) SME EVALUATION QUADRANT, 2021160
12.7ASRS MARKET: COMPANY FOOTPRINT161
TABLE 113OVERALL COMPANY FOOTPRINT161
TABLE 114COMPANY TYPE FOOTPRINT162
TABLE 115COMPANY INDUSTRY FOOTPRINT163
TABLE 116COMPANY REGION FOOTPRINT164
12.8COMPETITIVE BENCHMARKING165
TABLE 117ASRS MARKET: LIST OF KEY STARTUPS/SMES165
TABLE 118ASRS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES166
12.9COMPETITIVE SCENARIO167
TABLE 119ASRS MARKET: PRODUCT LAUNCHES, 2020−2022167
TABLE 120ASRS MARKET: DEALS, 2020–2022168
TABLE 121ASRS MARKET: OTHERS, 2021–2022169

13COMPANY PROFILES170
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1KEY PLAYERS170
13.1.1DAIFUKU170
TABLE 122DAIFUKU: BUSINESS OVERVIEW170
FIGURE 51DAIFUKU: COMPANY SNAPSHOT171
TABLE 123DAIFUKU: PRODUCTS OFFERED172
TABLE 124DAIFUKU: OTHERS172
13.1.2MURATA MACHINERY174
TABLE 125MURATA MACHINERY: BUSINESS OVERVIEW174
TABLE 126MURATA MACHINERY: PRODUCTS OFFERED174
TABLE 127MURATA MACHINERY: DEALS175
TABLE 128MURATA MACHINERY: OTHERS175
13.1.3SSI SCHAEFER177
TABLE 129SSI SCHAEFER: BUSINESS OVERVIEW177
TABLE 130SSI SCHAEFER: PRODUCTS OFFERED177
TABLE 131SSI SCHAEFER: OTHERS178
13.1.4TGW LOGISTICS180
TABLE 132TGW LOGISTICS: BUSINESS OVERVIEW180
TABLE 133TGW LOGISTICS: PRODUCTS OFFERED180
TABLE 134TGW LOGISTICS: PRODUCT LAUNCHES181
TABLE 135TGW LOGISTICS: DEALS181
TABLE 136TGW LOGISTICS: OTHERS182
13.1.5KARDEX184
TABLE 137KARDEX: BUSINESS OVERVIEW184
FIGURE 52KARDEX: COMPANY SNAPSHOT185
TABLE 138KARDEX: PRODUCTS OFFERED186
TABLE 139KARDEX: PRODUCT LAUNCHES186
TABLE 140KARDEX: OTHERS187
13.1.6BEUMER189
TABLE 141BEUMER: BUSINESS OVERVIEW189
TABLE 142BEUMER: PRODUCTS OFFERED189
TABLE 143BEUMER: DEALS190
TABLE 144BEUMER: OTHERS190
13.1.7HONEYWELL INTERNATIONAL191
TABLE 145HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW191
FIGURE 53HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT192
TABLE 146HONEYWELL INTERNATIONAL: PRODUCTS OFFERED192
13.1.8KION193
TABLE 147KION: BUSINESS OVERVIEW193
FIGURE 54KION: COMPANY SNAPSHOT194
TABLE 148KION: PRODUCTS OFFERED195
TABLE 149KION: PRODUCT LAUNCHES195
TABLE 150KION: OTHERS196
13.1.9KNAPP197
TABLE 151KNAPP: BUSINESS OVERVIEW197
TABLE 152KNAPP: PRODUCTS OFFERED197
TABLE 153KNAPP: DEALS198
TABLE 154KNAPP: OTHERS198
13.1.10KUKA200
TABLE 155KUKA: BUSINESS OVERVIEW200
FIGURE 55KUKA: COMPANY SNAPSHOT201
TABLE 156KUKA: PRODUCTS OFFERED202
TABLE 157KUKA: OTHERS202
13.1.11MECALUX203
TABLE 158MECALUX: BUSINESS OVERVIEW203
TABLE 159MECALUX: PRODUCTS OFFERED203
TABLE 160MECALUX: OTHERS204
13.1.12SYSTEM LOGISTICS205
TABLE 161SYSTEM LOGISTICS: BUSINESS OVERVIEW205
TABLE 162SYSTEM LOGISTICS: PRODUCT OFFERED205
TABLE 163SYSTEM LOGISTICS: OTHERS206
13.1.13TOYOTA INDUSTRIES207
TABLE 164TOYOTA INDUSTRIES: BUSINESS OVERVIEW207
FIGURE 56TOYOTA INDUSTRIES: COMPANY SNAPSHOT208
TABLE 165TOYOTA INDUSTRIES: PRODUCTS OFFERED209
TABLE 166TOYOTA INDUSTRIES: PRODUCT LAUNCHES209
TABLE 167TOYOTA INDUSTRIES: DEALS210
TABLE 168TOYOTA INDUSTRIES: OTHERS210
13.2OTHER PLAYERS211
13.2.1AUTOMATION LOGISTICS211
TABLE 169AUTOMATION LOGISTICS: COMPANY OVERVIEW211
13.2.2AUTOCRIB211
TABLE 170AUTOCRIB: COMPANY OVERVIEW211
13.2.3FERRETTO212
TABLE 171FERRETTO: COMPANY OVERVIEW212
13.2.4HAENEL STORAGE SYSTEM212
TABLE 172HAENEL STORAGE: COMPANY OVERVIEW212
13.2.5IHI213
TABLE 173IHI: COMPANY OVERVIEW213
13.2.6INVATA INTRALOGISTICS213
TABLE 174INVATA INTRALOGISTICS: COMPANY OVERVIEW213
13.2.7MIAS214
TABLE 175MIAS: COMPANY OVERVIEW214
13.2.8OCADO214
TABLE 176OCADO: COMPANY OVERVIEW214
13.2.9SENCORPWHITE215
TABLE 177SENCORPWHITE: COMPANY OVERVIEW215
13.2.10VIASTORE SYSTEMS216
TABLE 178VIASTORE SYSTEM: COMPANY OVERVIEW216
13.2.11VIDMAR216
TABLE 179VIDMAR: COMPANY OVERVIEW216
13.2.12WESTFALIA TECHNOLOGIES217
TABLE 180WESTFALIA TECHNOLOGIES: COMPANY OVERVIEW217
13.2.13WITRON218
TABLE 181WITRON: COMPANY OVERVIEW218
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14APPENDIX219
14.1INSIGHTS FROM INDUSTRY EXPERTS219
14.2DISCUSSION GUIDE219
14.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL222
14.4CUSTOMIZATION OPTIONS224
14.5RELATED REPORTS224
14.6AUTHOR DETAILS225

Report Title: Automated Storage and Retrieval System (ASRS) Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Micro Fulfilment Center, Dark Stores, Industry and Region - Global Forecast to 2027


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