The market for autostore ASRS is expected to grow at the highest CAGR during the forecast period. An autostore system comprises four main components: a structural grid, delivery robots, storage bins, and an operator port. In this system, the products are stored in stacked bins within a dense aluminum grid. When a product is required, the system software and controls alert a robot to find the bin containing the item. If the bin is buried beneath other bins, the robot stages the extra bins on top of the grid until the desired bin is retrieved. It then takes that bin to the edge of the grid and delivers it to the operator. End users are willing to implement autostore ASRS to manage material flow, increase goods throughput, and deliver real-time management information. Autostore, being the most innovative and modern form of ASRS, is expected to grow at a rapid rate.
“Unit load ASRS to lead automated storage and retrieval system market by 2024”
Unit load ASRSs are used for storing large size articles. Unit load ASRSs are computer-controlled systems used for buffering supply chain deliveries, along with storing and controlling inventories. These systems provide real-time information on inventory and are easy to maintain. A unit load ASRS is a high density heavy payload ASRS that enables accurate, efficient, safe, and stable handling of full pallets. A few of these systems are over 100 feet tall and capable of transporting loads up to 2,500 kg. As the vertical storage capacity of ASRS is very high, it can store more goods and stored goods can be easily accessed with the help of ASRS. The market is supported by its wide range of applications in consumer goods, automotive, publishing, distribution, electronics, food & beverages, pharmaceuticals & medical supplies, and retail & apparel.
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195267987“Storage function to be largest market for automated storage and retrieval system from 2019 to 2024”
Storage is a basic function of ASRS, and it enhances the storing capacity of distribution centers and manufacturing plants. The wide use of ASRS for storage function in industries such as automotive, food & beverages, chemicals, and healthcare is fuelling the growth of the ASRS market. ASRS is primarily used for storing inventory and retrieving it as and when required. Many industries have their warehouses filled with end products or raw materials that need to be stored safely and securely in an orderly manner. End products are retrieved by various distribution channels on the basis of demand from end users. While in the case of raw materials, manufacturing facility utilizes required material for processing and manufacturing end products. ASRS is used for aiding the function of storing inventories.
“Europe to be largest market for automated storage and retrieval system during forecast period”
The presence of a large number of key players in this region, along with the large customer base, is among the major factors driving the ASRS market in Europe. Automotive in Germany is among the biggest industries across the world, and this industry is a major market for ASRS in Europe. The significant investments in automated material handling equipment by automotive players and rising installations of automated equipment in European countries owing to diversified distribution channels in industries such as automotive, chemicals, healthcare, and food & beverages are contributing to the growth of the market in this region. In Europe, the cost of implementing automation is decreasing, and at the same time the cost of labor in emerging countries is increasing.
Major players involved in the automated storage and retrieval system market include Daifuku (Japan), Kardex Group (Switzerland), Murata Machinery (Japan), SSI Schaefer (Germany), TGW Logistics Group (Austria), Bastian Solutions (US), Beumer Group (Germany), Dematic (US), KNAPP (Austria), Mecalux (Spain), Swisslog (Switzerland), System Logistics Corporation (Italy), Vanderlande Industries (Netherlands), Automation Logistic Corporation (US), AutoStore (Norway), Haenel Storage System (Germany), IHI Corporation (Japan), MIAS (Germany), Sencorpwhite (US), and Westfalia Technologies (US).
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