Global Automated Storage And Retrieval System (ASRS) Market By Type (Vertical Lift Modules, Carousels), By Application (Storage Order, Picking), By End-Use Industry (Automotive, Metals & Heavy Machinery), By Geographic Scope And Forecast

Automated Storage And Retrieval System (ASRS) Market Size And Forecast

Automated Storage And Retrieval System (ASRS) Market size was valued at USD 7.90 Billion in 2022 and is projected to reach USD 14.38 Billion by 2030, growing at a CAGR of 6.88% from 2023 to 2030.

The introduction of COVID-19 has led to an increase in demand for ASRS in e-commerce, as well as an increase in demand for ASRS in the automotive industry. Other factors driving the growth of the ASRS market include the need for better inventory management, optimum space utilisation, and increased labour costs. The Global Automated Storage And Retrieval System (ASRS) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automated Storage And Retrieval System (ASRS) Market Definition

Automated storage and retrieval systems (ASRS) are a major part of many systems that has the ability to sort, sequence, buffer, and store a wide range of goods in virtually unlimited destinations. Storage and retrieval machines, rack structures, conveyors, interfaces, and warehouse control systems are the main components.

ASRS is used in a variety of warehouse and distribution centre applications, including finished goods storage, goods-to-person picking, order fulfilment, and many others. Apart from all this, it also helps in managing all the functions of automated equipment and tracking load movements in and out of the system. Increasing demand for storage in manufacturing plants, distribution centres and warehouses majorly contributes to the growth of the automated storage and retrieval systems (ASRS) market.

Global Automated Storage And Retrieval System (ASRS) Market Overview

Robots and other material handling machinery can automatically store and retrieve goods from shelves thanks to automated storage and retrieval systems. Such operations can be automated to lower labour costs, accelerate turnaround times, cut down on errors, and maximise storage space through vertical storage. The growing requirement to utilise personnel and space as efficiently as possible, as well as the demand for increased productivity and efficiency throughout the supply chain, is expected to drive market growth. The market is gaining from the increased knowledge of automated storage systems and inventory control thanks to the integration of cutting-edge technologies.

Growing e-commerce industry demand for automation and the introduction of innovative technologies like shuttles and mid-load also bode well for the category market. The increased use of robotic systems in warehouses and manufacturing facilities to speed up processes is another factor contributing to the market’s anticipated rapid rise in the upcoming years. The market is anticipated to benefit from increasing end-use demand for shelves, pallets, and racks as well as from these systems’ capacity to minimise labour requirements and boost productivity. Due to the industry’s high level of automation, the automobile sector uses the most automated storage and retrieval systems. The need for automated storage and retrieval systems in the sector is being driven by a shortage of skilled labour and a rising emphasis on quality.

Global Automated Storage And Retrieval System (ASRS) MarketSegmentation Analysis

The Global Automated Storage And Retrieval System (ASRS) Market is Segmented on the basis of Type, Application, End-Use Industry, and Geography.

Automated Storage And Retrieval System (ASRS) Market, By Type

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

Based on Type, the market is segmented into Vertical Lift Modules, Carousels, Crane-Based, Vertical Buffer Modules, Robotic Shuttles, and Floor Robots. According to estimates, the market will be dominated by floor robots in 2022. The significant market share of this sector is primarily attributable to the expanding use of floor robots in the e-commerce sector, the rising need for floor robots for efficient order fulfilment operations, and the escalating demand for supply chain management optimization.

Automated Storage And Retrieval System (ASRS) Market, By Application

• Storage
• Order Picking
• Kitting
• Buffering
• Others

Based on Application, the market is segmented into Storage, Order Picking, Kitting, Buffering, and Others. According to estimates, the market is dominated by the storage segment. The rapid growth of online shopping, rising interest in novel storage solutions, and growing pressure to lower product damage and workplace accidents are the key causes of this segment’s significant market share. Additionally, it is anticipated that during the projection period, the increased need for automated cold chain storage for essential healthcare supplies will support the segment’s rapid growth.

Automated Storage And Retrieval System (ASRS) Market, By End-Use Industry

• Automotive
• Metals & Heavy Machinery
• Food & Beverages
• Chemicals
• Healthcare
• Retail
• E-Commerce
• Others

Based on End-Use Industry, the market is segmented into Automotive, Metals & Heavy Machinery, Food & Beverages, Chemicals, Healthcare, Retail, E-Commerce, and Others. Automakers have increased automotive manufacturing, which calls for automotive spare parts, as a result of the shift in consumer demand toward electric and autonomous vehicles. Suppliers to the automotive industry must efficiently manage vast quantities of inventory as well as variety and breadth. Additionally, these suppliers must increase the amount of storage space they can fit on the floor. To meet the demands linked to material handling capacity, automated storage and retrieval systems are being deployed more.

Automated Storage And Retrieval System (ASRS) Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Automated Storage And Retrieval System (ASRS) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. One of the important aspects influencing the Automated Storage And Retrieval System (ASRS) Market in Europe is the presence of numerous key companies and a sizeable client base. Due to the region’s very high labour costs, manufacturers in European nations have been implementing automated solutions to lower total operating expenses. By supporting effective management of all warehousing operations, the implementation of these solutions aids manufacturers in maintaining a competitive edge.

Key Players

The “Global Automated Storage And Retrieval System (ASRS) Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Daifuku Co. Ltd., SSI Schaefer Group, Murata Machinery, Knapp AG, TGW Logistics Group GmbH, Kardex Group, Swisslog Holding AG, Mecalux SA, Vanderlande Industries, System Logistics Corporation, and Bastian Solution. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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