Automated Storage and Retrieval Systems Market Highlighting Regional Revenue Share Dominance during 2018-2028|| Market Drivers- Daifuku Co. Ltd., Murata Machinery Ltd., Dematic Corporation, Vanderlande Industries, TGW Logistics Group GmbH, System Logistic
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Leading stakeholders in the Automated Storage and Retrieval Systems Market are attracting more investments from players in the warehousing industry by aiding them to boost the delivery speed, material handling flexibility, and transportation efficiency with technologically advanced automated storage and retrieval systems.
Automated Storage and Retrieval Systems – Future of the Warehousing Industry
Recent transformations in the warehousing industry are bringing in state-of-the-art technologies to enhance warehousing functions and management. Automated warehouses are witnessing growing adoption, helping manufacturers meet their demands for obtaining greater throughput. A palpable shift of focus towards mitigating operational issues and enhancing performance of warehousing functions is triggering adoption of automated storage and retrieval systems across a range of sectors.
Automated Storage and Retrieval System Vendors Witnessing Significant Growth in Developing Nations
Rapidly growing manufacturing sector and warehousing industry in emerging economies underscore the inherent growth opportunities for automated storage and retrieval system vendors in developing countries, such as China, India, as well as GCC countries. Increasing growth of the e-commerce and other industrial sectors, such as food & beverage and pharmaceuticals, in developing countries is attracting heavy investments from automated storage and retrieval system vendors. Apart from the manufacturing advantages in developing nations, stakeholders in the automated storage and retrieval systems market are benefiting from growing awareness about the importance of boosting warehousing efficiency with automation in these regions. With a significant rise in investment capabilities of industrial end-users in the emerging economies, stakeholders in the automated storage and retrieval systems market are modifying their business strategies to capture extraordinary growth opportunities in the developing nations.
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Customized Automated Storage and Retrieval Systems for Distinctive End-use Applications
A majority of industrial end-users are implementing automated storage and retrieval systems that can help them enhance order accuracy, throughput capacity, while reducing warehousing operational costs. Leading market players are putting their efforts into delivering customized solutions to suit industry-specific applications, in order to maintain a competitive edge. Established stakeholders in the automated storage and retrieval systems market are leveraging their expertise in data gathering, design, construction, and technological innovations to deliver highly-customized automated storage and retrieval systems. Furthermore, top vendors in the automated storage and retrieval systems market are adopting next-generation technologies to provide a diverse product selection range in order to meet unique needs of end-users.
High Initial Investments and Operational Costs Impede Widespread Adoption
Though implementing automated storage and retrieval systems can reduce labor costs and improve operational efficiencies, these systems are more expensive than traditional alternatives such as forklifts. High cost of initial investment can mark a huge challenge for small-scale end-users, who do not have access to huge capital, and they may prefer adopting low-cost alternatives to automated storage and retrieval systems. Furthermore, its routine maintenance and occasional repairs may lead to an operational downtime, which may add to the operational costs of automated storage and retrieval systems. Thereby, adopting automated storage and retrieval systems may prove to be an expensive affair for small-scale businesses, which is hindering the growth of the automated storage and retrieval systems market. However, to leverage the operational benefits of automated storage and retrieval systems despite its high cost, many end-users are considering the option of equipment leasing, which is helping tier-3 vendors to reduce the barriers to enter the automated storage and retrieval systems market.
The FactMR report offer thorough and comprehensive profiling of the competitive environment in the automated storage and retrieval systems market. The report tracks major developments and strategies of leading players in the automated storage and retrieval systems market during the forecast period. Market players featured in the Fact.MR report include Daifuku Co., Ltd., Murata Machinery, Ltd., Dematic Corporation, Vanderlande Industries, TGW Logistics Group GmbH, System Logistics Spa, Westfalia Technologies, Inc., Honeywell Intelligrated, Swisslog Holding AG, and Invata Intralogistics, Inc.
Murata Machinery, Ltd. recently collaborated with Yamazaki Mazak Corporation, a Japanese machine tool building company, to develop the “MAZATEC SMS (Smart Manufacturing System)”. This system is integration of Murata’s internal factory material handling technology and Mazak’s multi-tasking machine tools and its advanced horizontal machining centers.
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