The European Automated Storage and Retrieval System (ASRS) Market is estimated to grow at a CAGR of 9.9% during the forecast period. European ASRS market covers the analysis of major economies including UK, Germany, Italy, Spain, France, and the Rest of Europe. The growing e-commerce industry, cross-border e-commerce sales, and increasing industrial automation are the major factors that are driving the growth of the ASRS market in the region. Moreover, the growing application of ASRS in various industries including automobile, food & beverages, retail and e-commerce, aeronautical, and others is further augmenting the regional business growth of the market.

According to UNCTAD, Germany accounted for the largest e-commerce sales of $1,503 billion in 2017 followed by UK that accounted for around $755 billion in e-commerce sales in 2017. France accounted for a total of $734 billion in e-commerce sales in 2017 and Italy generated $333 billion in e-commerce sales in 2017. Increasing e-commerce industry has led to an increase in the number of warehouses within the economies of the region. Various retailers and e-commerce giants have adopted automation in the warehouse facility to maximize efficiency and operability. This has increased the demand for ASRS in warehouses. An ASRS is a strategic warehouse solution that is widely used by organizations to gain competitive advantage.  

The European ASRS market is segmented on the basis of type and industry. On the basis of type, the market is segmented into the unit load, mini load, vertical lift module (VLM), carousel, and auto store. Mini load ASRS handles totes, trays, and cartons rather than full pallets. Mini load ASRS is used considerably in retail, e-commerce and 3PL providers. Based on the industry, the market is automotive; chemical, metals & heavy machinery; food & beverages; healthcare; retail, third-party logistics (3PL), and e-commerce; and others such as aviation and manufacturing.  

Some of the key players operating in the European ASRS market include Kardex Group, KUKA AG, Daifuku Co. Ltd., KION Group AG, Honeywell International, Inc., and others. These players are contributing significantly towards the growth of the ASRS market in Europe. The strategies adopted by these players such as mergers and acquisitions, investment in R&D activities and product launch are estimated to have a positive impact on the growth of the ASRS market in the region. For instance, in August 2018, The Kardex Remstar introduced a new technology named Shuttle XP Vertical Lift Module (VLM), which can now be equipped with Access Ready Light Technology. This technology will improve product picking productivity and accuracy in logistics warehousing centers.

Research Methodology

The market study of the European automated storage and retrieval system (ASRS) market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for material handling solution providers, e-commerce companies, logistics solution providers, warehouse management service providers, 3PL providers, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis of the market size and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions. 

Market Segmentation

1. European ASRS Market Research and Analysis by Type

2. European ASRS Market Research and Analysis by Industry

The Report Covers

• Comprehensive research methodology of the European ASRS Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European ASRS Market.
• Insights about market determinants which are stimulating the European ASRS Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.