Dublin, Sept. 03, 2020 (GLOBE NEWSWIRE) -- The "Automated Storage and Retrieval System (ASRS) Market with COVID-19 Impact Analysis by Type (Unit Load, Mini Load, VLM, Carousel, Mid Load), Function (Storage, Order Picking, Assembly, Distribution, Kitting), Industry, and Region- Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The ASRS market was valued at USD 7.3 billion in 2020 and is likely to reach USD 10.7 billion by 2025, at a CAGR of 8.0% from 2020 to 2025.

An automated storage and retrieval system (ASRS) is a device used in manufacturing plants, warehouses, and distribution centers for storing and retrieving loads from one storage location to another. An ASRS comprises various computer-controlled systems and equipment that are used to store and accurately retrieve materials.

COVID-19 has emerged as a global pandemic that has spread across 215 countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of end-user industries may have a considerable direct impact on the ASRS market.

The market for vertical lift module (VLM) is expected to grow at the highest CAGR during the forecast period.

The vertical lift module (VLM) market is expected to grow at the highest rate during the forecast period. The VLM is designed to deliver stored items to the operator, thereby eliminating walk and search time. The VLM increases productivity by up to 67% and saves up to 85% of the floor space. VLM is also integrated with pick-to-light technology to improve accuracy levels. These factors such as improved accuracy and efficiency are responsible for the increased demand for VLM in the market.

The automotive industry is projected to account for the largest share of the ASRS market during the forecast period.

The automotive industry is expected to hold the largest share of the ASRS market in 2020. The shift in demand toward electric vehicles and autonomous vehicles has prompted automakers to ramp up automotive manufacturing, which requires automotive spare parts. Automotive suppliers have to effectively manage large amounts of goods and variation and breadth of stock. Also, these suppliers need to improve the storage capacity within the available floor space. Thus, automated storage and retrieval systems are increasingly being used to fulfill the requirements related to material handling capacity. Due to the recent outbreak of COVID-19, the automotive industry is incurring massive financial losses. The demand for automobiles is decreasing as people continue to be under lockdown restrictions. Skilled workers required for maintaining and optimizing ASRS in warehouses are unavailable. This has resulted in reduced demand for ASRS in automotive warehouses.

APAC is projected to grow at a higher CAGR during the forecast period.

The ASRS market in APAC, led by China and Japan, is expected to grow at the highest rate during the forecast period. The rapid growth of automotive, food & beverages, and healthcare industries in emerging economies such as China, Japan, Australia, and South Korea has contributed to the growth of the ASRS market in APAC. Due to the outbreak of COVID-19, the APAC region is suffering tremendous economic losses. China - the manufacturing hub of Asia - has suspended most of its production activities. Various warehouses in the country are closed due to the lack of manufacturing and the unavailability of the workforce. The COVID-19 pandemic has disrupted the supply chain of various industries. This has led to a temporary decrease in demand for ASRSs.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 ASRS Market, 2020-2025 (USD Billion)
4.2 ASRS Market, by Type
4.3 ASRS Market, by Function
4.4 ASRS Market, by Industry
4.5 ASRS Market, by Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for ASRSs in E-Commerce Due to Onset of Covid-19
5.2.1.2 Increasing Demand for ASRS in Automotive Industry
5.2.1.3 Optimum Utilization of Space and Rise in Labor Costs
5.2.1.4 Improved Accuracy, Productivity, and Efficiency in Supply Chain, Along with Better Inventory Control
5.2.2 Restraints
5.2.2.1 Requirement for Large Initial Investment
5.2.2.2 Unavailability of Technical Expertise and Skilled Workforce to Handle System Operations Due to Onset of Covid-19
5.2.3 Opportunities
5.2.3.1 Growing Demand for Cold Chain ASRS in Apac
5.2.4 Challenges
5.2.4.1 Technical Glitches Halt Operational Processes and Increase Downtime
5.2.4.2 Providing Flexible and Scalable Solutions
5.3 Value Chain Analysis
5.4 Impact of Covid-19 on ASRS Market

6 ASRS Market, by Type
6.1 Introduction
6.2 Unit Load
6.2.1 Unit Load ASRS to Hold Largest Market During Forecast Period
6.3 Mini Load
6.3.1 Increasing Demand in Retail Industry is Fuelling Demand for Mini Load ASRS
6.4 Vertical Lift Module (Vlm)
6.4.1 Vlm Saves Up to 85% of Floor Space
6.5 Carousel
6.5.1 Vertical Carousel
6.5.1.1 Optimized Floor Space Offered by Vertical Carousels Drives Market
6.5.2 Horizontal Carousel
6.5.2.1 Fast Roi Influences Implementation of Horizontal Carousel
6.6 Mid Load
6.6.1 Mid Load ASRS Handles Requirements of Both Mini Load and Unit Load ASRS

7 ASRS Market, by Function
7.1 Introduction
7.2 Storage
7.2.1 Storage to Hold Largest Share of ASRS Market During Forecast Period
7.3 Order Picking
7.3.1 Order Picking to Grow at Highest Rate During Forecast Period
7.4 Distribution
7.4.1 High Labor Cost to Manage Inventory Drives ASRS Market for Distribution
7.5 Assembly
7.5.1 Use of ASRS in Assembly Improves Accuracy and Reduces Time
7.6 Kitting
7.6.1 ASRS Offers Better Efficiency and Cost Saving for Kitting
7.7 Others

8 ASRS Market, by Industry
8.1 Introduction
8.2 Impact of Covid-19 on Industries Using ASRS
8.3 Automotive
8.3.1 Automotive to Hold Largest Size of ASRS Market
8.4 Metals & Heavy Machinery
8.4.1 Heavy Weight of Products Driving Demand for ASRS in Metals and Heavy Machinery
8.5 Food & Beverages
8.5.1 Increasing Need for Fast and Efficient Supply of Food Fuels Demand for ASRS
8.6 Chemicals
8.6.1 Digitization in Chemicals Industry to Drive Demand for ASRS
8.7 Healthcare
8.7.1 Development in AI Supports ASRS Market Growth
8.8 Semiconductor & Electronics
8.8.1 Need for Just-In-Time Delivery of Products Supports ASRS Growth
8.9 Retail
8.9.1 ASRS Market in Retail to Grow at Highest Rate
8.1 Aviation
8.10.1 Increasing Airline Passengers Fuelling Demand for ASRS in Aircraft Manufacturing
8.11 E-Commerce
8.11.1 Shortest Delivery Time of Products Drives ASRS Market in E-Commerce
8.12 Others
8.12.1 High Competition to Fuel Demand for ASRS in Textile Industry

9 Geographic Analysis
9.1 Introduction
9.2 Impact of Covid-19 on Regions
9.3 North America
9.4 Europe
9.5 Apac
9.6 Row

10 Competitive Landscape
10.1 Overview
10.2 Ranking of Players in ASRS Market
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Situations & Trends
10.4.1 Contracts and Collaborations
10.4.2 Expansions & Partnerships
10.4.3 Acquisitions
10.4.4 Product Launches

11 Company Profiles
11.1 Key Players
11.1.1 Daifuku
11.1.2 Kardex
11.1.3 Murata Machinery
11.1.4 Ssi Schaefer
11.1.5 Tgw Logistics
11.1.6 Kion
11.1.7 Kuka
11.1.8 Toyota Industries
11.1.9 Beumer
11.1.10 Knapp
11.1.11 Mecalux
11.1.12 System Logistics
11.2 Right to Win
11.3 Other Key Players
11.3.1 Automation Logistic
11.3.2 Autocrib
11.3.3 Ferretto
11.3.4 Haenel Storage System
11.3.5 Honeywell Intelligrated
11.3.6 Ihi
11.3.7 Invata Intralogistics
11.3.8 Mias
11.3.9 Sencorpwhite
11.3.10 Stanley Black & Decker
11.3.11 Viastore Systems
11.3.12 Westfalia Technologies
11.3.13 Witron

12 Adjacent and Related Market

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/czkb2q

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