According to the report “Automated Storage & Retrieval Systems Market – by Type (Unit Load, Mini Load, Micro Load, Others); by Equipment (Storage Aisles, S/R Machines); By Function (Order Picking, Storage, Others); By Applications (Automotive, Chemical, F&B, Others) – With Forecast (2016 – 2021)”, published by IndustryARC, the automated storage & retrieval systems market is estimated to reach $8.44 Billion by 2021 at a high CAGR.
Browse 15 Market Tables, 97 Figures spread through 185 Pages and an in-depth TOC on “Automated Storage & Retrieval Systems Market”
Automated Storage and Retrieval systems refers to machinery which automates storage/ retrieval operations to ensure precision, accuracy and speed in performing storage and retrieval operations. As an extension of Material Handling Equipment, AS/RS eliminate human intervention in performing basic operations such as precise storage of an item to predefined location, removal of an item automatically, transferring the goods to specific processing or interface point and so on. AS/RS aids in increasing storage capacity, facilitates efficient floor space utilization and better labor productivity in logistic operations.
The emergence of automated storage and retrieval systems has created a transformational change in industrial operations. AS/RS systems have the ability to carry any category of material, products and perform these functions in effective and organized manner. The range of product moved by automated storage and retrieval system varies from heavy metal components to small electronic components.
According to a recent study from IndustryARC the global market for Automated Storage & Retrieval Systems was estimated to be $5.09 Billion in 2015. The automated storage and retrieval systems market is estimated to grow at a CAGR of 7.29% and is forecast to reach $8.44 Billion by 2021. The market growth is primarily being driven by the demand for Unit Load and Mini load AS/RS systems. Unit load AS/RS systems are the mostly widely used type contributing to around 28% of the overall market in 2015. These systems are designed to handle pallets of 1000 pounds or more and are basically used to buffer load between supply and consuming operations. Unit load AS/RS systems have applications in manufacturing and shipping industries.
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Applications of AS/RS Systems in Automotive Industry:
The usage of AS/RS systems provides several advantages over non-automated systems. Some of the key advantages are with respect to savings in labor costs and floor space, increased reliability and reduced error rates. These advantages are driving the market further for AS/RS systems in automotive industry. Constraints for growth in the market are their high investment costs, less flexibility and high investments in control systems.
The market has been analyzed by the following End User Verticals:
- Food and Beverage
- General Manufacturing
- Semiconductors and Electronics
- Life Sciences
Following Key Players are also covered as part of the market landscape analysis:
- Daifuku Co Ltd
- Schaefer Holding International GmbH
- Murata Machinery
- Vanderlande Industries B.V.
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