Robotics & Automation Storage and Retrieval Systems: Improving “Just In Time” Production
According to data from Verified Market Intelligence, the automated and storage retrieval system (ASRS) market is projected to grow at a CAGR of 7.4%+ leading to 2025. An ASRS consists of a variety of computer-controlled systems for automatically placing and retrieving loads from defined storage locations. These systems are typically used in the following:
- High volume of loads being moved into and out of storage
- Importance of storage density because of space constraints
- No value added during the process
- Importance of accuracy because of potential expensive damages to the load
These systems are designed for automated storage and retrieval of parts and items in manufacturing, distribution, retail, wholesale and institutions. Some potential benefits of an ASRS system include reduced labor for transporting items into and out of inventory, reduced inventory levels, more accurate tracking of inventory, and space savings. Items are often stored more densely than in systems where items are stored and retrieved manually. ASRS is a much faster way of organizing the storage of smaller items next to production lines and can impact the trend towards “Just in Time” production. It mainly comprises of storage and retrieval machines, rack structure, conveyor interface, and warehouse control systems. There are some potential barriers, however, as there are increased risks for equipment malfunction, maintenance, and upkeep. Also, the expected increase in global steel prices is another potential hinderance to growth.
By 2025, Verified Market Intelligence expects the market to grow from $5.60B in 2016 to $10.66B by 2025. There are a number of industry leaders in the space that include Daifuku Co., Kardex Group, SSI Schaefer Group, Murata Machinery, Knapp AG, TGW Logistics Group, Swisslog Holdings, Mecalux SA, Vanderlande Industries, System Logistics Corporation, Bastian Solutions, Toyota, etc. This is a global and interesting space and we like the breadth of industries where the systems are used.
Industries where the systems are used:
Automotive – Beverage – Electronics – E-Commerce – Food – Hazmat – Hospital – Jewelry – Life Sciences – Manufacturing – Medical Devices & Equipment – Maintenance & Repair Operators – Paper – Pharmaceutical – Plastics – Spare Parts Handling – Warehousing & Distribution
ASRS can lower operating expenses and can create a smaller building footprint, which can reduce cost and demand for lighting, heating, cooling, and freezing the storage environment.