Germany ASRS Market Size, share, Industry Growth, Future Prospects, Opportuniti

Posted by Avinash on February 22nd, 2020

The German automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of over 10.0% during the forecast period. Germany is the fourth-largest economy globally and accounts for more than one-fifth of the European Union’s GDP as per the International Monetary Fund (IMF). Germany is the largest European trading partner of the US and the sixth-largest market for the export of goods to the US. The country is estimated to be one of the major contributors to the European ASRS market. The growth of the market in Germany is mainly attributed to the expanding e-commerce industry, increase in the cross-border trade, and well-established industrial sector of the country.

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The growth in the above sectors increases the demand for strategic solutions to manage the goods and commodities in various facilities for optimizing efficiency, thereby, driving the growth of the ASRS market in the country. According to UNCTAD, Germany accounted for the largest e-commerce sales of ,503 billion in 2017. The 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. 

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The German 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 German ASRS market include Kardex Group, KUKA AG, Daifuku Co. Ltd., KION Group AG, Honeywell International, Inc. and others.    

Market Segmentation

Germany ASRS Market by Type

•          Unit Load
•          Mini Load
•          Vertical Lift Module
•          Carousel
•          Auto Store

Germany ASRS Market Industry

•          Automobile
•          Chemical, Metals & Heavy Machinery
•          Food & Beverages
•          Healthcare
•          Retail, Third-Party Logistics, and E-Commerce
•          Others (Aviation, Manufacturing Industry)

Company Profiles

•          BEUMER Group
•          Daifuku Co., Ltd.
•          Honeywell International, Inc.
•          Kardex Group
•          KION Group AG
•          KNAPP AG
•          KUKA AG
•          TGW Logistics Group
•          Viastore Systems GmbH

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