Europe Automated Storage and Retrieval System Market Size (2024 - 2029)

Europe Automated Storage and Retrieval System Market Analysis

The Europe Automated Storage and Retrieval System market were valued at USD 4488 million in 2020 and is expected to reach USD 7278 million by 2026 and grow at a CAGR of 8.39% over the forecast period (2021 - 2026). Since May 2020, many of the warehouse sites have been recovering after starting their operations post lockdown. However, the fluctuations caused in the starting four months of 2020 resulted in order delays and led time across the warehouse robotics supply chain throughout the year. Moreover, with the spread of the COVID-19 pandemic last year, robots and automation played a critical role in managing the situation. Furthermore, the situation was likely to bring new opportunities to the market. Ocado, a British online grocer, aimed to make its warehouse robotics and grocery home-delivery technology available to other supermarkets for a licensing fee.

• Europe has been the earliest adopter of industrial automation, owing to increasing investments in the Industry 4.0 revolution. According to the CBI Ministry of Foreign Affairs, Europe accounts for more than one-third of the global Industry 4.0 investments. Western and Northern Europe are its main markets, especially Germany, where the term was initially coined and a frontrunner.
• Northern Europe is traditionally the most developed market in terms of the use of automation in warehouses. Besides the high labor costs, the working conditions at the factory have also prompted the adoption of sophisticated and advanced automation. In Scandinavia, System Logistics has supported essential clients in the food and beverage sector in effectively managing picking, warehousing, and material handling operations.
• Moreover, in warehouses across Europe, man and machine are frequently working more closely together, and a lack of an efficient and skilled workforce could accelerate automation further, according to JLL, an investment management company.
• Additionally, Germany is also increasing the adoption of Industrial Robots due to the growth of various industrial enterprises and increased automation adoption in storage and processing, primarily due to the increasing safety measures and labor costs. For instance, according to IFR, Germany remained the primary user in Europe with an operational stock of about 221,500 units which is about three times the stock of Italy (74,400 units), five times the supply of France (42,000 units), and about ten times the stock of the UK (21,700 units). Also, as per the International Federation of Robotics (IFR), in 2020, Germany has the third-highest robot density globally (346 units per 10,000 workers), after Singapore and South Korea. This increases the need for PLC, MES, HMI, SCADA, DCS, among other industrial control systems.
• Further, expanding cross-border e-commerce, increasing the volume of parcels being handled, and growing awareness among states with lesser automation contribute to faster growth. But, the demand for ASRS is volumetrically lower in other countries than the top nations, like Germany, France, and the United Kingdom in this region.

Europe Automated Storage and Retrieval System Industry Segmentation

The European region is one of the largest markets for automated storage and retrieval systems (ASRS) globally, which the United Kingdom and Germany lead. The market is fragmented due to only many prominent players and is segmented by product type and end-user industries. The report provides vendor profiles operating in the market and the market share of each end-user sector and product type. Further, the market study also comprises details on the impact of COVID-19.