Europe Automated Storage and Retrieval System Market
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.
Strategic insights for the Europe Automated Storage and Retrieval System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 927.86 Million |
| Market Size by 2028 | US$ 1460.36 Million |
| Global CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Automated Storage and Retrieval System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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.
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.
The Europe Automated Storage and Retrieval System Market is valued at US$ 927.86 Million in 2020, it is projected to reach US$ 1460.36 Million by 2028.
As per our report Europe Automated Storage and Retrieval System Market, the market size is valued at US$ 927.86 Million in 2020, projecting it to reach US$ 1460.36 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
The Europe Automated Storage and Retrieval System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Automated Storage and Retrieval System Market report:
The Europe Automated Storage and Retrieval System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Automated Storage and Retrieval System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Automated Storage and Retrieval System Market value chain can benefit from the information contained in a comprehensive market report.
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