The automated storage and retrieval system market in Europe is progressing considerably. As per our research report, the European automated storage and retrieval system market is expected to grow at a CAGR of 6.28% from 2024 to 2029 and the European market is predicted to be worth USD 41.72 Billion by 2029 from USD 30.77 billion in 2024.
The demand for automated storage and retrieval systems is ticking up in the European region. Companies such as KION Group, SSI SCHAEFER, Dematic and others are playing a promising role in the European market and using technological advancements to bring effective solutions to the market and win the competition.
The rapid adoption of automated solutions such as AR and RS solutions to address the rising e-commerce industry in Europe is one of the major factors propelling the growth of the European automated storage and retrieval system market. The e-commerce industry in Europe is aggressively growing in the European region. According to statista.com, the European e-commerce industry was valued at over 500 billion Euros in 2021. The culture of online shopping is expected to grow further in the coming days owing to the increased usage of the Internet and the rising availability of various products over online channels. In these types of situations, companies that deliver goods and services ensure proper workflow in their warehouses and automated storage and retrieval systems help the companies significantly to ensure smooth work processes.
The rising emphasis on space optimization in Europe is another key factor contributing to the growth of the European automated storage and retrieval systems market. Several companies have realized the importance of grouping the ready-to-move and finished goods in the most appropriate way and understood the role of optimized space optimization in warehouses and distribution centers.
The European region is experiencing a shortage of skilled labor that can do the warehouse operations and this has become a significant opportunity for the companies that deliver AR and RS solutions as these automate several warehouse operations and decrease the dependency on manual labor. This factor is causing the growth of the European market, and the trend is likely to continue throughout the forecast period. The growing awareness among European countries regarding the benefits that AR and RS offer such as enhanced warehouse efficiency and productivity, reduced lead times, and increased throughput is contributing to the regional market growth.
High initial costs required for the implementation of automated storage and retrieval systems are one of the major factors hampering the European market. Due to these high costs, several small and medium organizations are being hesitant to adopt these solutions. Though the awareness of these solutions is gradually growing in Europe, several businesses have still not realized the fullest potential of automated storage and retrieval systems and this poor awareness has become another significant restraint to the European market growth. The costs associated with the ongoing maintenance, lack of skilled professionals that operate AR and RS solutions, custom regulations and integration issues are further hindering the regional market growth.
The unit load segment accounted for the major share of the European market in 2022 and is expected to register healthy growth during the forecast period owing to the benefits that unit load AR and RS solutions offer such as efficient handling of bulk goods, versatility in accommodating various types of goods and streamlined warehouse operations for increased productivity.
The auto store segment is another notable segment and is expected to hold a substantial share of the European market in the coming years.
The storage segment is expected to be the largest segment among all in the European market during the forecast period. The rising need for efficient space utilization in warehouses and manufacturing facilities and the rapid adoption of AS/RS in the manufacturing sector for storing raw materials and finished goods are majorly propelling the growth of the storage segment in the European market.
The F&B segment is a lucrative segment and is projected to account for a considerable share of the European market during the forecast period.
Germany captured the leading share of the European market in 2022 and the German market is expected to showcase a significant potential in the European market during the forecast period. The presence of a robust manufacturing sector in Germany is primarily boosting the German market growth. The AR & RS solutions is high among the manufacturing industries as these solutions are being used for effective material handling and storage in industrial facilities. The growing e-commerce industry, an increasing number of industry 4.0 initiatives and the rising support of the German government to fuel the adoption of automated solutions are further supporting the growth of the German market in the European region.
The UK market is anticipated to account for a substantial share of the European market during the forecast period. The warehouses and distribution centers have been putting ongoing efforts to modernize and implement AR and RS solutions to achieve streamlined storage and retrieval processes, which is one of the key factors propelling the UK market growth. The shortage of skilled labor and rapid adoption of technological advancements that happen in automated solutions in the UK are further contributing to the UK market growth.
France is another regional market to watch out for AR and RS solutions in Europe and is anticipated to witness a healthy CAGR during the forecast period.
Siemens AG (Germany), Nestlé S.A. (Switzerland), Volkswagen AG (Germany), Royal Dutch Shell plc (Netherlands/United Kingdom), LVMH Moët Hennessy Louis Vuitton SE (France), Unilever PLC (Netherlands/United Kingdom), TotalEnergies SE (France), SAP SE (Germany), AstraZeneca PLC (United Kingdom/Sweden), and Daimler AG (Germany) are the noteworthy companies in the Europe automated storage and retrieval system market.
Frequently Asked Questions
Germany, France, and the United Kingdom are the leading contributors to the automated storage and retrieval system market in Europe, holding significant market shares.
In Europe, key trends include the integration of robotics, the implementation of cloud-based systems, and a focus on scalability to accommodate diverse industry needs.
Mecalux SA (Spain), Knapp AG (Austria), TGW Logistics Group GmbH (Austria), Vanderlande Industries (Netherlands), Daifuku Co. Ltd. (Japan), Kardex Group (Switzerland), Swisslog Holding AG (Switzerland), SSI Schaefer Group (Germany), Murata Machinery (Japan) and System Logistics Corporation (Italy) are some of the major players in the European market.
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