Europe Automated Storage and Retrieval System Market

Market Introduction

The market for Europe includes France, Germany, Italy, the UK, and the Rest of Europe. The European market is a highly diverse market with a group of more than 40 countries in it. Western European countries are more advanced as compared to the NORDIC and other east European countries. Therefore, there are more developments and advancements in the field of automation in the western part of Europe. On the other hand, economically strong countries such as Germany, Italy, UK, and Spain have witnessed significant growth in the implementation of automation solutions. Pharmaceutical, e-commerce, healthcare, automobile industry, food & beverage processing industry, are the biggest end-users that have implementations of ASRS solutions. The concerns about ROI post-implementation of automated storage solutions have denied significant growth in NORDIC countries. Whereas, the need to have space-efficient warehouses so that CAPEX savings are achieved for the storage of products has been the major reason for popular implementations of the system. Germany, Italy, and Spain are the potential growth markets for a variety of deployments of automated storage and retrieval system in various applications. Automotive industry in Germany, the textile and manufacturing industries in Italy and Spain respectively have been using automated storage and retrieval system for accuracy and efficiency in operations. Also, the development of automation technology in this region has enabled more ASRS implementations. The major players in the Europe region that cater to end-users with their ASRS solutions include System Logistics SpA, Swisslog Holdings AB, Vanderlande Industries, and SSI Schaefer Systems International. Vanderlande Industries is one of the major players in the European region for value-added logistic process automation at airports, and in the parcel market. Twelve of Europe’s top 20 e-commerce businesses and distribution firms have implemented Vanderlande’s solutions in their business processes.  

The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, the United Kingdom and others have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. In order to protect its citizens from the virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus. Businesses across Europe have shifted from traditional to online businesses in order to carry on with their financial activities during the COVID-19 outbreak. This has increased the adoption of ecommerce among the European population. However, the companies have made much investments in technological advancements across the nations in the sector, thereby, keeping the ASRS market unaffected the growth of the industry. Similarly, the manufacturing industry has not been spared. This is particularly true in Italy, which is currently the worst-affected country in Europe, with the government enforcing a national quarantine. Fiat Chrysler Automobiles (FCA), for example, has agreed to spread out its factory closures. Three days are spent at three Fiat and Alfa Romeo plants, and two days are spent at other plants that assemble small Jeep and Fiat crossovers. Also, The German auto industry, which is dependent on Chinese supplies, is also in jeopardy. Development at Nissan's largest plant in the UK, in Sunderland, was halted this week, and others are expected to follow suit

Market Overview and Dynamics

The automated storage and retrieval system market in Europe is expected to grow from US$ 927.86 million in 2020 to US$ 1460.36 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.  Incorporation of Robotics is also bolstering the growth Automation has been inculcated in the warehousing and storage industry very recently, and the market is still in its initial stages. As the market witnesses’ growth and adoption of automation, competition is set to get tougher with competitors expected to come up with innovation in this field in a very short span of time. The advent of IoT has become a path-breaking business operations methodology. With IoT and pick-by light technology integrated into the automated storage systems, business providers can provide end-users with highly customized solutions for stocking different varieties and sizes of products in the warehouse in a very efficient manner. A warehouse needs to store different varieties of the same product as well as different package sizes of the same product to cater to different consumer segments in the market.

Key Market Segments

In terms of end user, the E-commerce segment accounted for the largest share of the Europe automated storage and retrieval system market in 2020. In terms of end user, Food & Beverage is expected to the fastest growing segment over the forecast period.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report SSI SCHAEFER GROUP, Swisslog Holding AG, System Logistics Spa, Daifuku Co. Ltd, Kardex Group, KNAPP AG, Mecalux, S.A., Autocrib, Incare among the leading companies in the Europe automated storage and retrieval system market.

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Europe Automated Storage and Retrieval System Market Segmentation              

Europe Automated Storage and Retrieval System Market– By Type

• Unit Load ASRS
• Mini Load ASRS
• VLM
• Vertical Carousels
• Horizontal Carousels
• AutoStore
• Others

Europe Automated Storage and Retrieval System  Market – By End User

• Automotive
• Food & Beverage
• Electronic & Semiconductors
• E-commerce
• Chemicals
• Aerospace
• Retail
• Pharmaceutical
• Others

Europe Automated Storage and Retrieval System Market – By Country

• France
• Germany
• Italy
• UK
• Spain
• Rest of Europe

Europe Automated Storage and Retrieval System Market-Companies Mentioned

• SSI SCHAEFER GROUP
• Swisslog Holding AG
• System Logistics Spa
• Daifuku Co. Ltd
• Kardex Group
• KNAPP AG
• Mecalux, S.A.
• Autocrib, Inc

Europe Automated Storage and Retrieval System Market Strategic Insights

Europe Automated Storage and Retrieval System Market Segmentation Analysis

Europe Automated Storage and Retrieval System Market Report Highlights

Europe Automated Storage and Retrieval System Report Scope

Europe Automated Storage and Retrieval System Market Country and Regional Insights