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Cost-effectiveness of Automation Promotes Uptake of Warehouse Automation and Automated Storage and Retrieval Systems (ASRS) Worldwide

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Published on : May 31, 2017

Albany, New York, May 31, 2017: The publication studies the various drivers, restraints, and opportunities in the global market and outlines the overall growth from 2017 to 2021. It takes into account historical growth patterns in order to predict current and future trends. Automated storage and retrieval systems (ASRS) form a point of focus in the report. 

Warehouses are being increasingly used to store a variety of goods such as packing materials, raw materials, finished goods, spare parts and equipment, and goods linked to production, manufacturing, and agriculture. Automated systems are used to monitor the storage and movement of all the goods kept in the warehouse, thereby reducing expenses related to labor. 

The global market for warehouse automation and automated storage and retrieval systems is anticipated to expand at a steady pace over the course of the forecast period, fueled by factors such as the cost-effectiveness of automation, rapid urbanization in several parts of the world, soaring e-commerce sales, increase in disposable income, and potential for growth in most emerging economies. 

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Ongoing trends such as technological advances, omni-channel business model, reduced labor hours and time for order selection, advent of the Internet of Things (IoT), speedier deliveries, and mergers and acquisitions are likely to give the warehouse automation and automated storage and retrieval systems market a major boost in the coming years. However, issues pertaining to the flexibility of automated systems and high cost of initial investment threaten to hold the market back. 

The report assesses the global warehouse automation market on the basis of three main parameters: hardware, software, and services. By way of hardware, the market comprises load and equipment. On the basis of software, the market for warehouse automation has been segmented into warehouse control system, warehouse management system, and warehouse executive system. In terms of services, the market can be divided into electronics and electrical, automotive, and retail among others. The worldwide market for automated storage and retrieval systems is analyzed in depth by focusing on components such as unit load, micro load, and mini load ASRS, automotive and e-commerce ASRS, and carousel and vertical lift ASRS.

As part of the assessment of the competitive landscape, the report studies the various product offerings of the leading vendors in the warehouse automation market. A comparative study of prominent supply chain management software suppliers has also been included in this section, keeping in mind various parameters. KION Group AG, KUKA, Honeywell International Inc., and Bastian Solutions are among the top players in the warehouse automation market. Each of these players have been profiled in the report, focusing on aspects such as financial overview, business overview, and business strategies. The net sales and revenue of each company has also been provided for the period 2012–2016 and 2016–2021.

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