What’s driving the Automated Storage and Retrieval System Market Growth? | Top Key Players are Beumer Group, Daifuku Co., Ltd., Murata Machinery, SSI Schaefer Group, Knapp AG, Kardex Group, Mecalux SA, System Logistics Corporation
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The need for the temperature-controlled warehouses with the adoption of technology is driving the automated storage and 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.
Top Key Players:
1. SSI Schaefer
2. Knapp AG
4. Mecalux SA
5. System Logistics
8. Murata Machinery
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 and retrieval system market growth. Timely maintenance of the units & bug-free software will help in overcoming the challenges.
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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 and 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 and 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.
Players operating in the Automated Storage and Retrieval System Market are SSI Schaefer Group, Knapp AG, Kardex Group, Mecalux SA, System Logistics Corporation, Beumer Group, Daifuku Co., Ltd., Murata Machinery, TGW Logistics Group GmbH, Swisslog Holding AG, Vanderlande Industries, Bastian Solution, Dematic GmbH & Co., KG, Intelligrated, Interlake Mecalux, Fives Group, Flexlink, and Legris Industries. Companies in the AS/RS market are focusing on partnerships to expand their market reach. For instance, in January 2018, Daifuku and Jervis B Webb announced a strategic partnership, which will help them focus on the automotive industry in Europe.
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