North America Automated Storage and Retrieval System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Unit Load ASRS, Mini Load ASRS, Vertical Lift Module, Vertical Carousels, Horizontal Carousels, AutoStore, and Others) and End Users (Automotive, Food & Beverages, Electronic & Semiconductors, E-Commerce, Chemicals, Aerospace, Retail, Pharmaceuticals, and Others)

Name: North America Automated Storage and Retrieval System Market
SKU: Electronics and Semiconductor
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Market Introduction

North America is the key regional market, which includes the US, Canada, and Mexico. North America is a hub of technological developments that compliances with economically robust countries. As a result, the manufacturing industry in North America pertains to evolve and remain the principal factor for driving prosperity, jobs, and innovation. With the increasing demand from customers for high-quality products and services, companies are on a constant hunt for innovations to serve their customers in the best possible way. Supply chain management is one of the most important activities for companies to ensure the availability of their products to the end consumer. The end-user industries of storage solutions in the US demand for efficient warehouses where they can store their products, and also roll out the products into the market through various distribution channels as and when needed. With gaining popularity of IoT, companies in the US are finding ways for implementation of IoT with automated storage solutions, which would further result in time and cost savings for them. IoT integrated with automated storage solutions enables remote monitoring, timely report status generation, quicker recovery in case of any errors, and more efficiency in daily operational activities. In the region, the retail industry is one of the largest in the world.

Favorable government policies to boost innovation and reinforce infrastructure capabilities, North America have the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region's economic development. Currently, due to the COVID-19 outbreak, the US is the world's worst affected country, thus affecting the sudden stands still across all the industries present in the region. It is becoming apparent with the COVID-19 pandemic spreading across the United States that few can escape its scope, presenting significant challenges to all industries. However, it has been observed that businesses have increased their online marketing initiatives and adopted other online strategies to attract both old and new customers during the pandemic. For instance, according to studies, Amazon recorded an increase in sales by 37% owing to the COVID-19 pandemic. The close down of all retail outlets by the government authorities coupled with the social distancing norms laid down by them is affecting the investments by retail outlets. For instance, the sales of online grocery segment across the United States, recorded an increase by 210.1% due to the outbreak of the corona virus. Thus, the shift in online shopping has boosted the commerce industry across the region. The automotive industry has been highly impacted by the outbreak of the pandemic. With major automotive manufacturing factories being placed in counties like United States and Mexico have slowed down the production process across the region. For instance, Mexico, which is more reliant on exports to the United States, witnessed a 90% drop in auto shipments. Thus, the above-mentioned factors are expected to have a negative impact on the automated storage and retrieval system market across the region owing to the pandemic.

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Market Overview and Dynamics

The automated storage and retrieval system market in North America is expected to grow from US$ 617.60 million in 2020 to US$ 1025.38 million by 2028; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028. Increasing demand for automation in the E-commerce Industry is also blostering the growth. The development of the e-commerce industry goes hand-in-hand with the prosperity of the automated storage industry. Inventory sold by e-commerce sellers is stored in warehouses, and to reduce the time for sorting and stocking of these products, ASRS seems to be one of the best tools. The purchasing pattern of consumers is moving toward online shopping. For instance, more than 60% of the population in the United States are engaged in online shopping. Further, customers expect faster delivery time, owing to which e-commerce players are adopting automation in their processes. The fluctuations in demand of stock-keeping units (SKUs) creates complexities in picking operations, which in turn, slow down the fulfillment process. The e-commerce demand is highly varying, owing to which the forward pick areas must be continuously adjusted to support the fluctuation in items demand. Along with managing SKU demand fluctuations, an ASRS also advances the fulfillment process, thus allowing e-commerce as well as omnichannel retailers to adhere better to service level agreements by fulfilling order delivery commitments.

Key Market Segments

In terms of type, the vertical lift module segment accounted for the largest share of the North America automated storage and retrieval system market in 2020. In terms of end user, Retail 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, Bastian Solutions, Daifuku Co. Ltd, Kardex Group, KNAPP AG, Mecalux, S.A., Vanderlande Industries, Autocrib, Incare among the leading companies in the North America automated storage and retrieval system market.

Reasons to buy report

To understand the North America Automated storage and retrieval system market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for North America Automated storage and retrieval system market
Efficiently plan M&A and partnership deals in North America Automated storage and retrieval system market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America Automated Storage and Retrieval System Market
Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Automated Storage and Retrieval System Market Segmentation

North America Automated Storage and Retrieval System Market – By Type

North America Automated Storage and Retrieval System Market – By End User

North America Automated Storage and Retrieval System Market – By Country

US
Canada
Mexico

North America Automated Storage and Retrieval System Market-Companies Mentioned

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Automated Storage and Retrieval Systems Market – Key Industry Dynamics

5.1 Key Market Drivers

5.1.1 Rising Demand for Optimized and Space Efficient Storage Systems

5.1.2 Increasing Demand for Efficient in Supply Chain across industries

5.1.3 Systematic Management of Redundant Warehouse Processes

5.2 Key Market Restraints

5.2.1 Requirement of High Initial Investment

5.3 Key Market Opportunities

5.3.1 Increasing Demand for Automation in the E-commerce Industry

5.3.2 Growth in demand for Cold Chain ASRS

5.4 Future Trends

5.4.1 Integration of Robotics

5.5 Impact Analysis of Drivers and Restraints

6. Automated Storage and Retrieval Systems Market – North America Analysis

6.1 Automated Storage and Retrieval Systems Market North America Overview

7. North America Automated Storage and Retrieval Systems Market Analysis – By Type

7.1 Overview

7.2 North America Automated Storage and Retrieval Systems Market Revenue Breakdown, By Type, 2020 & 2028

7.3 Unit Load ASRS

7.3.1 Overview

7.3.2 Unit Load ASRS: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

7.4 Mini Load ASRS

7.4.1 Overview

7.4.2 Mini Load ASRS: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

7.5 Vertical Lift Module

7.5.1 Overview

7.5.2 Vertical Lift Module: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

7.6 Vertical Carousels

7.6.1 Overview

7.6.2 Vertical Carousels: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

7.7 Horizontal Carousels

7.7.1 Overview

7.7.2 Horizontal Carousels: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

7.8 AutoStore

7.8.1 Overview

7.8.2 AutoStore: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

7.9 Others

7.9.1 Overview

7.9.2 Others: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

8. North America Automated Storage and retrieval system Market Analysis – By End-use Industry

8.1 Overview

8.2 North America Automated Storage and Retrieval Systems Market Breakdown, By End-use Industry, 2021 & 2028

8.3 Automotive

8.3.1 Overview

8.3.2 Automotive: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

8.4 Food & Beverages

8.4.1 Overview

8.4.2 Food & Beverages: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

8.5 Electronics & Semiconductor

8.5.1 Overview

8.5.2 Electronics & Semiconductor: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

8.6 E-Commerce

8.6.1 Overview

8.6.2 E-Commerce: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

8.7 Chemicals

8.7.1 Overview

8.7.2 Chemicals: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

8.8 Aerospace

8.8.1 Overview

8.8.2 Aerospace: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

8.9 Retail

8.9.1 Overview

8.9.2 Retail: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

8.10 Pharmaceuticals

8.10.1 Overview

8.10.2 Pharmaceuticals: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

8.11 Others

8.11.1 Overview

8.11.2 Others: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

9. North America Automated Storage and retrieval system Market – Country Analysis

9.1 Overview

9.1.1 North America Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 (US$ Mn)

9.1.2 North America Automated Storage and Retrieval Systems Market Breakdown, By Type

9.1.3 North America Automated Storage and Retrieval Systems Market Breakdown, By End Users

9.1.4 North America Automated Storage and Retrieval Systems Market Breakdown, by Country

9.1.4.1 US Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028

9.1.4.1.1 US Automated Storage and Retrieval Systems Market Breakdown, By Type

9.1.4.1.2 US Automated Storage and Retrieval Systems Market Breakdown, By End Users

9.1.4.2 Canada Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028

9.1.4.2.1 Canada Automated Storage and Retrieval Systems Market Breakdown, By Type

9.1.4.2.2 Canada Automated Storage and Retrieval Systems Market Breakdown, By End Users

9.1.4.3 Mexico Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028

9.1.4.3.1 Mexico Automated Storage and Retrieval Systems Market Breakdown, By Type

9.1.4.3.2 Mexico Automated Storage and Retrieval Systems Market Breakdown, By End Users

10. Impact of COVID-19 Pandemic on North America Automated Storage and Retrieval System Market

10.1 North America: Impact Assessment of COVID-19 Pandemic

11. North America Automated Storage and Retrieval System Market-Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Development

12. Company Profiles

12.1 SSI SCHAEFER GROUP

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Swisslog Holding AG

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 System Logistics Spa

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Bastian Solutions

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Daifuku Co. Ltd.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Kardex Group

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 KNAPP AG

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Mecalux, S.A.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Vanderlande Industries

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Autocrib, Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. North America Automated Storage and Retrieval Systems Market – Revenue and Forecast to 2028 (US$ Mn)

Table 2. North America Automated Storage and Retrieval System Market, Volume and Forecast To 2028 (Units)

Table 3. North America Automated Storage and Retrieval System Market, Revenue and Forecast To 2028 – By Type (US$ Mn)

Table 4. North America Automated Storage and Retrieval System Market, Volume and Forecast To 2028 – By Type, Units

Table 5. North America Automated Storage and Retrieval System Market, Revenue and Forecast To 2028 – By End Users (US$ Mn)

Table 6. North America Automated Storage and Retrieval System Market, Revenue and Forecast To 2028 – By Country (US$ Mn)

Table 7. US Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 – By Type (US$ Mn)

Table 8. US Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 – By End Users (US$ Mn)

Table 9. Canada Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 – By Type (US$ Mn)

Table 10. Canada Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 – By End Users (US$ Mn)

Table 11. Mexico Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 – By Type (US$ Mn)

Table 12. Mexico Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 – By End Users (US$ Mn)

Table 13. Glossary of Term: Automated Storage and Retrieval Systems Market

LIST OF FIGURES

Figure 1. North America Automated Storage and Retrieval Systems Market Segmentation

Figure 2. North America Automated Storage and Retrieval Systems Market Segmentation – By Country

Figure 3. North America Automated Storage and Retrieval Systems Market Overview

Figure 4. North America Automated Storage and Retrieval Systems Market, by Country

Figure 5. North America Automated Storage and Retrieval Systems Market, By Type

Figure 6. North America – PEST Analysis

Figure 7. Expert Opinion

Figure 8. North America Automated Storage and Retrieval Systems Market Impact Analysis of Drivers and Restraints

Figure 9. North America Automated Storage and Retrieval Systems Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 10. Automated Storage and Retrieval Systems Market Revenue Breakdown, By Type, 2021 & 2028 (%)

Figure 11. Unit Load ASRS: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

Figure 12. Mini Load ASRS: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

Figure 13. Vertical Lift Module: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

Figure 14. Vertical Carousels: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

Figure 15. Horizontal Carousels: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

Figure 16. AutoStore: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

Figure 17. Others: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

Figure 18. Automated Storage and Retrieval Systems Market Breakdown, By End-use Industry, 2020 & 2028 (%)

Figure 19. Automotive: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

Figure 20. Food & Beverages: North America Automated Storage and Retrieval Systems Market - Revenue and Forecasts to 2028 (US$ Mn)

Figure 21. Electronics & Semiconductor: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028(US$ Mn)

Figure 22. E-Commerce: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028 (US$ Mn)

Figure 23. Chemicals: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028 (US$ Mn)

Figure 24. Aerospace: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028(US$ Mn)

Figure 25. Retail l: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028 (US$ Mn)

Figure 26. Pharmaceuticals: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028 (US$ Mn)

Figure 27. Others: North America Automated Storage and Retrieval Systems Market - Revenue And Forecasts To 2028 (US$ Mn)

Figure 28. North America: Automated Storage and Retrieval System Market by Key Country – Revenue (2028) (USD Million)

Figure 29. North America Automated Storage and Retrieval System Market, Revenue and Forecasts to 2028 (US$ Mn)

Figure 30. North America Automated Storage and Retrieval Systems Market Breakdown, By Type, 2020 & 2028 (%)

Figure 31. North America Automated Storage and Retrieval Systems Market Breakdown, By End Users, 2020 & 2028 (%)

Figure 32. North America Automated Storage and Retrieval Systems Market Breakdown, by Country, 2020 & 2028 (%)

Figure 33. US Automated Storage and Retrieval System Market, Revenue and Forecast, 2018–2028 (US$ Mn)

Figure 34. Canada Automated Storage and Retrieval System Market, Revenue and Forecast, 2018–2028 (US$ Mn)

Figure 35. Mexico Automated Storage and Retrieval System Market, Revenue and Forecast, 2018–2028 (US$ Mn)

Figure 36. Impact of COVID-19 Pandemic in North American Country Markets

The List of Companies - North America Automated Storage and Retrieval System Market

To understand the North America Automated storage and retrieval system market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for North America Automated storage and retrieval system market
Efficiently plan M&A and partnership deals in North America Automated storage and retrieval system market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America Automated Storage and Retrieval System Market
Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

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