The global automated storage and retrieval system (ASRS) market was valued at around USD 8.74 billion in 2023 and is predicted to grow to around USD 17.33 billion by 2032. The global automated storage and retrieval system (ASRS) market is expected to grow at a CAGR of roughly 7.90% between 2024 and 2032.
The new report by Zion Market Research on the “Automated Storage and Retrieval System (ASRS) Market By Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load, And Autostore); By Function (Assembly, Kitting, Order Picking, Distribution, Storage, And Others); By Industry (Automotive, Chemicals, Aviation, Electronics And Semiconductor, E-Commerce, Food And Beverages, Healthcare, Metal And Heavy Machinery, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032" has vast information about the market and its potential.
The key factors that are driving the automated storage and retrieval system (ASRS) market are the growing need for space optimization and reducing human labor. Thus the ASRS-based technologies are being widely adopted in the manufacturing sector in order to improve the productivity, supply-chain efficiency, and minimizing the costs in the real-time inventory. The other factors that are positively affecting the growth of the automated storage and retrieval system market are the significant growth of the automotive and retail sectors and the technological developments that are made in the field of storage and retrieval.
Our research analysts observed that the increasing demand for the automobiles and consumer electronics will play a major role in the development of the automated storage and retrieval system market. China and the United States accounted for a major share in automobile global market in terms of production and revenue. Increasing sales of the automobile industry is expected to trigger the growth of automated storage and retrieval system (ASRS) market.
The automated storage and retrieval system market has been segmented on the basis of type, function, industry, and geographical regions.
The market has been segmented on the basis of type, function, industry, and regional.
Based on the type, unit load segment held the largest market share 2023. It is anticipated that in the forecast period this segment will retain its dominance. The unit load is a high-density and heavy payload ASRS which is highly efficient, capable, accurate, and safe. The unit load can handle large items, pallets, roll cages, and containerized loads. The unit load ASRS can be controlled by computer and has the capacity of loading up to 2500 kg. This system is mainly designed to carry heavy loads. Owing to these benefits the unit load ASRS is widely being used in several end-user industries thus increasing its demand in the automated storage and retrieval system market.
By function, the storage segment dominated the automated storage and retrieval system market. Storage is the main function in ASRS; by making use of ASRS the storage capacity and density can be increased. This function improves the control over the inventory, eases stock rotation, and also ensures maximum safety. With the help of the storage functionality, the utilization of the space is optimum thus helping in the maximum storage of the products and that too with minimum labor cost.
E-commerce industry is expected to register the highest CAGR between 2024 to 2032. Rising trend for online shopping is expected to fuel the growth of e-commerce segment in automated storage and retrieval system market. Electronics and semiconductor segment is anticipated to witness significant growth in near future owing to the growing demand for consumer electronic product.
Europe held the largest share in 2023 in the automated storage and retrieval system market. Germany acquired a major share in the automated storage and retrieval system market in Europe due to the growing automotive industry. APAC is expected to grow with highest CAGR over the forecast period due to increasing per capita income and rising living standard of the people in the emerging economies. In 2023, China held the largest share of 36% in automated storage and retrieval system market. It is anticipated that China will dominate the automated storage and retrieval system market throughout forecast period in the Asia Pacific. Other factors that contribute to the market growth in the Asia Pacific are increasing investments in electrical and electronics industry and technology.
Automated Storage and Retrieval System Market: Competitive Analysis
The report also covers detailed competitive outlook including company profiles of the key participants operating in the global automated storage and retrieval system market. The key players included in this market are:
- Arkrobot
- Automation Logistics Corporation
- Bastian Solutions Inc.
- Beumer Group
- Daifuku Co. Ltd.
- Dematic GmbH & Co. Kg
- Flexe Inc.
- Green Automated Solutions
- Kardex Group
- Knapp AG
- Kubo Systems
- Mecalux S.A.
- Murata Machinery Ltd.
- SSI Schaefer Group
- Swisslog Holding AG
- System Logistics Corporation
- TGW Logistics Group GmbH
- Vanderlande Industries BV.
Global Automated Storage and Retrieval System (ASRS) Market: By Type Segment Analysis
- Unit Load
- Mini Load
- Vertical Lift Module
- CarouselVertical CarouselHorizontal Carousel
- Mid Load
- Autostore
Global Automated Storage and Retrieval System (ASRS) Market: By Function Segment Analysis
- Assembly
- Kitting
- Order Picking
- Distribution
- Storage
- Others
Global Automated Storage and Retrieval System (ASRS) Market: By Industry Segment Analysis
- Automotive
- Chemicals
- Aviation
- Electronics and Semiconductor
- E-commerce
- Food and Beverages
- Healthcare
- Metal and Heavy Machinery
- Others
Global Automated Storage and Retrieval System (ASRS) Market: By Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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