Market Trends of Europe Automated Storage and Retrieval System Industry
This section covers the major market trends shaping the Europe Automated Storage & Retrieval System Market according to our research experts:
Automotive is Expected to Hold Significant Market Share
- Smart factory, which includes Automated Storage and Retrieval System that offers the automotive industry opportunities to react faster to the market requirements, reduce manufacturing downtimes, enhance the efficiency of supply chains, and expand production in the region.
- In Europe, leading countries like France and Germany invest heavily in machinery and equipment. The demand from automotive part suppliers increased due to a significant order for industrial robots from the motor vehicle sector. With the modernization and digitalization of production systems, the scope for employing innovative machinery and equipment is increasing.
- Due to the initiatives taken by the European Union, small- and medium-sized enterprises in Europe are also adopting automation to produce affordable, easy-to-install, and modular robots. Collaborative robots are also helpful to the increasing number of SMEs in their manufacturing process while also reducing their production times and labor costs.
- Moreover, Automakers and suppliers are moving toward using collaborative robots, known as cobots, for ASRS. Such devices often are smaller, have more agility, and can be safely deployed alongside human operators. For instance, BMW relies on cobots to improve the safety of workers within its plat and for the quality of goods and components produced. Other companies following the same include Nissan, Ford — specifically in their Cologne, Germany, plant.
- Further, as it has been identified that the auto assembly increased significantly using automation, showing a growth pattern in the number of cars being produced in the region while simultaneously cutting costs, the smart factory implementation in this sector has grown considerably.
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United Kingdom Accounts For the Largest Market Share
- In the United Kingdom, the political, economic, and technological developments are impacting the growth of the manufacturing industry proportionally. Although the BREXIT vote sent shockwaves across all sectors, the manufacturing industry remained positive.
- In addition, the predicted labor shortage is strengthening the case for logistics automation as firms seek to make their operations less labor-intensive. High demand and opportunities for further market growth have invoked optimism among automated logistics suppliers.
- Furthermore, out of all the major automated material handling products, the automated storage, and retrieval system (AS/RS) is widely used in the United Kingdom due to the demand from the manufacturing, logistics, and distribution sectors.
- Moreover, in September 2020, the British government has invested GPB 147 million into the second round of "Manufacturing Made Smarter." This should enable UK Manufacturing companies to develop cost-effective, innovative solutions for deployment in the manufacturing sector.
- Further, Industore, an AS/RS solution provider in the United Kingdom, has a comprehensive product line used in warehouses, small storage units, and spacious storage units. ExMac Automation, another market leader in AS/RS solutions, supplies automated storage and retrieval crane systems (from high-capacity mini-load cranes and racking to high-bay warehouse cranes) for several industries sectors in the country.
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