Storage space is at a premium for buyers, suppliers, and manufacturers. People living in metropolitan areas or in dense industrial zones prefer industrial self-storage services for off-site storage. An automated self-storage systems constantly monitors the storage units for security and is designed to provide anytime access to the units. Automated self-storage systems consist of multiple storage sections in industry-standard sizes that are kept on racks within the infrastructure. The self-storage management system also helps maintain a record of the location of every module.
In this tough economic environment, high-tech and automated facilities are gaining momentum on traditional operations. Customers need storages with climate control, convenience of self-service, and protection of the contents of the storage units from external threats. However, these facilities are expensive, as automated facility vendors charge premium rates for ultra-modern storage technology and high-security upgrades and advancements.
The global automated self-storage systems s market is driven by the increase in adoption of new automation technology to improve supply chain efficiency and productivity. Additionally, growing demand for storage space among millennials is expected to fuel the growth of the automated self-storage systems market in forthcoming years. Millennial uses mobile devices and mobile apps almost every day, which eventually creating demand for the storage space. Consequently, this is impelling the demand for the automated self-storage systems around the globe. Furthermore, rising requirement for advanced technologies and automated systems for real-time inventory management is also anticipated to boost the automated self-storage systems market in the next few years. However, requirement of large capital investment is a major factor, which is expected to hamper the growth of the global automated self-storage systems s market in the near future.
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Emergence of advanced storage technologies, such as pallet shuttle and mini load automated storage and retrieval systems, is anticipated to create new opportunities for the automated self-storage systems s market in the next few years. Shuttle technology is a computer-controlled system that utilizes moving vehicles known as shuttles to store and retrieve products in a racking structure. Furthermore, rising demand for automation in the e-commerce industry is also expected to increase the demand for automated self-storage systems s among e-commerce service providers across the globe.
The global automated self-storage systems market can be segmented based on deployment type, enterprise size, industry, and region. In terms of deployment type, the market can be categorized into on-premise and cloud-based. Based on enterprise size, the market can be bifurcated into small &medium enterprises and large enterprises. In terms of industry, the automated self-storage systems market can be classified into automotive, electronics &semiconductor, healthcare, metals &heavy machinery, e-commerce, food &beverages, chemicals, aviation, and others.
Based on region, the global automated self-storage systems market can be segmented into Europe, North America, Middle East & Africa, South America, and Asia Pacific. The market in North America is expected to expand at a considerable compound annual growth rate (CAGR) during the forecast period. This is primarily due to the rise in adoption of advanced technologies and growing requirement for efficient storage technologies among end-users. However, Asia Pacific is projected to present lucrative opportunities in the automated self-storage systems market in the near future. The automated self-storage systems market in Asia Pacific is expanding at a substantial pace. Economic growth, rising demand for storage, growing popularity, and higher results of automated systems are major factors boosting the automated self-storage systems market in the region.
Major players operating in the global automated self-storage systems market include Daifuku Co., Ltd, Westfalia Technologies, Inc., Castelrockselfstorage, alltecgates, storEDGE, Kardex Group, Hewlett Packard Enterprise Development LP, SC Solutions, and Knapp AG.