Automated Storage & Retrieval System Market Expected to Grow Over Next Decade | Global Players are SSI Schaefer Group, Knapp AG, Kardex Group, Mecalux SA, System Logistics Corporation, Beumer Group, Daifuku Co., Ltd., Murata Machinery
Automated Storage & Retrieval System Market is expected to witness a huge adoption in several industry verticals including automotive, e-commerce, healthcare, etc. E-commerce is expected to hold a major share as logistics is the vital component of the industry. Major e-commerce players including Alibaba and Amazon are adopting the technology to reduce their delivery time cycle. Customers get their products in time after placing the order by adopting the technology.
Additionally, the emergence of robots in the e-commerce logistics will help the automated storage & retrieval system market to grow in the retail sector. The technology includes software to integrate robots with the warehouse environment. Robots enhance the logistics operations by providing safety and efficiency & accuracy to the unit; hence, major players are adopting robots in their logistics. For instance, in 2011, Amazon started using robots in its warehouses.
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The need for the temperature-controlled warehouses with the adoption of technology is driving the automated storage & retrieval system market. The cold chain is amongst the toughest environments in the industry, making the design of the mechanical and manual processes complicated. The technology helps workers in the warehouse stay warm or cool as per the requirement, increasing the productivity.
By implementing the technology, unsafe handling practices are avoided, and human interaction is reduced to a large extent. A software glitch in the unit can halt the entire process, leading to production losses. For instance, if customers change their orders, a non-responsive & inflexible supply chain will deliver the wrong product to the customer. It can be expensive for the company, leading to financial losses and restraining the automated storage & retrieval system market growth. Timely maintenance of the units & bug-free software will help in overcoming the challenges.
The presence of manufacturing companies, such as Volkswagen Group, Samsung Electronics, General Electric, and Daimler in the U.S. is driving the growth of North America automated storage & retrieval system market. The technology is used in the manufacturing industry to direct the flow of materials through an industrial process to the end users. The technology operates in a fully automatic & semi-automatic mode to increase the accuracy of the technology, driving its growth in the manufacturing industry and making North America a prominent automated storage and retrieval system market.
(AS/RS) Automated Storage & Retrieval System Market size is anticipated to grow due to the growing need for automation in the logistics industry. Automation in logistics tracks the product movement, eliminates excessive stock, reduces operation cost, and helps in faster invoicing, leading to increased efficiency. The technology is designed for applications requiring a high lift, fast speed, control features, and accurate positioning, which the traditional devices lack. Moreover, the technology helps in improving the employee productivity and enhances the operational efficiency. Furthermore, rising financial losses due to manual errors are reduced significantly with the adoption of equipment, driving the automated storage and retrieval system market growth.
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