Automated Storage System Market Scope
the high growth in the logistics industry will help to boost global Automated Storage System market in the forecasted period. An automated storage system consists of a variety of computer-controlled systems for automatically placing loads from defined storage locations. Order picking is widely used in healthcare, food & beverages, retail, and e-commerce. Growing competition in these industries is enforcing companies to reduce their delivery time, which is fuelling the demand for Automated Storage System for order picking function.
The market study is being classified by Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load and Autostore) and major geographies with country level break-up. According to AMA, the Global Automated Storage System market is expected to see growth rate of 7.7% and may see market size of USD11.0 Billion by 2024.
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Automated Storage System market throughout the predicted period.
Daifuku (Japan), Murata Machinery (Japan), SSI Schaefer (Germany), TGW Logistics Group (Austria), Kardex Group (Switzerland), Siemens (Germany), Knapp AG (Austria), Bosch Rexroth (Germany), Swisslog Holding AG (Switzerland) and Mecalux SA (Spain) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Vanderlande Industries (The Netherlands), System Logistics (Italy), Bastian Solution (United States), Beumer Group (Germany) and Dematic GmbH (United States).
AdvanceMarketAnalytics has segmented the market of Global Automated Storage System market by Type, Application and Region.
On the basis of geography, the market of Automated Storage System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Demand for Optimum Utilization of Space and Increasing Labour Costs
- Growing Demand of Cold Chain Automated Storage System in Developing Countries
- Increasing Demand in Automotive Industries
- Improved Accuracy, Productivity, and Efficiency in Supply Chain Along With Improved Inventory Control
- Introduction of Mid-Load and Pallet Shuttle Technologies
- Rising Demand for Automation in the E-Commerce Industry
- High Capital Investment
- Lack of Trained Expertise
- Availability of Flexible as well as Scalable Solutions
Key Target AudienceAutomated Storage System Providers, Suppliers and Distributors, Government Regulatory Body, Government and Research Organizations and Others
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