Automated Storage and Retrieval System Market Report

Market Overview:

The global automated storage and retrieval system market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.

Automated storage and retrieval system (ASRS) is a computer-controlled device that places and recovers loads from specified storage locations accurately in a facility. It consists of shuttles, cranes, carousels, vertical lift modules (VLMs), micro-loads, mini-loads, unit-loads, warehouse execution software (WES) and warehouse management software (WMS). It offers several advantages, such as efficient use of the floor space, reclaiming unused vertical space, increasing inventory storage density, improving ergonomics and safety, enhancing throughput, and reducing labor costs. As a result, it finds extensive applications in the aviation, automotive, chemical, e-commerce, food and beverage (F&B), and healthcare industries.

Automated Storage and Retrieval System Market Trends:

At present, there is a rise in the demand for fast, precise, and efficient fulfillment of in-store retailing to ensure customer satisfaction across the globe. This, along with the growing industrial automation for improving productivity and quality while increasing safety, reducing errors, and adding flexibility to the manufacturing process, represents one of the key factors driving the market. Moreover, there is a rise in technological advancements in ASRS assisted by cutting-edge sensors. This, coupled with the escalating demand for enhanced storage systems in various industries, is propelling the growth of the market. In addition, governments of several countries are extensively investing in developing digital infrastructure, which is positively influencing the market. Besides this, the increasing order volume in the e-commerce sector due to ease of selling internationally, retargeting customers, and personalization of the buying experience is offering lucrative growth opportunities to industry investors. Apart from this, the increasing utilization of ASRS by small and mid-size enterprises (SMEs) to reduce human interaction is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automated storage and retrieval system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, load, application and end user.

Breakup by Type:

• Vertical Lift Modules
• Carousels
  • Horizontal Carousels
  • Vertical Carousels
• Crane-Based
• Vertical Buffer Modules
• Robotic Shuttles
• Floor Robots
   

Breakup by Load:

• Unit-Load ASRS
  • Fixed-Aisle ASRS
  • Movable-Aisle ASRS
• Mini-Load ASRS
• Micro-Load ASRS
   

Breakup by Application:

• Storage
• Order Picking
• Kitting
• Buffering
• Others
   

Breakup by End User:

• Automotive
• Semiconductor and Electronics
• General Manufacturing
• Retail and Warehousing or Logistics
• Aviation
• Chemicals, Rubber and Plastics
• Healthcare and Pharma
• Food and Beverage
• Postal and Parcel
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Kardex Group, Knapp AG, Mecalux S.A., Murata Machinery Ltd., Schaefer Systems International Pvt Ltd, System Logistics S.p.A. (Krones AG), TGW Logistics Group, Toyota Industries Corporation and Viastore Systems.

Report Coverage: