USD 10.2 billion
Global Automated Storage and Retrieval System Market size was valued at USD 10.2 billion in 2022 and is poised to grow from USD 11.13 billion in 2023 to USD 23.34 billion by 2031, growing at a CAGR of 9.1% during the forecast period (2025-2032).
Report ID:
SQMIG20N2022 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
132
|Figures:
77
Automated Storage And Retrieval System Market Insights
Automated Storage And Retrieval System Market size was valued at USD 11.13 Billion in 2023 and is poised to grow from USD 12.14 Billion in 2024 to USD 25.46 Billion by 2032, growing at a CAGR of 9.1% during the forecast period (2025-2032).
Automated storage and retrieval systems (ASRS) are computer- and robot-assisted systems used to retrieve goods or store them in certain places. Typically, the system consists of designated sites where machines may access goods by following predetermined paths. It includes shuttles, cranes, carousels, vertical lift modules (VLMs), micro-, mini-, and unit-loads, as well as warehouse execution and management software (WMS). It has a number of benefits, including effective use of the floor space, reclamation of underused vertical space, increased inventory storage density, enhanced throughput, improved ergonomics and safety, and lower labor expenses.
These systems aid in accelerating production and shipping processes, provided that everything is kept in its right place. Automated storage and retrieval systems are frequently employed for moving huge volume goods quickly and precisely. A number of companies utilise ASRS to simplify their product and material storage procedures and free up more space in factories and warehouses. Additionally, this is anticipated to reduce the danger of accidents while stacking materials and speed up operational procedures. To handle huge goods securely and accurately, it is widely used in semiconductors and electronics, food and beverage, automotive, healthcare, e-commerce, and chemicals businesses. The system concentrates on enhancing performance, increasing storage capacity, and lowering energy expenditures.
US Automated Storage and Retrieval System Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Unit Load
Fastest Growth
Unit Load
Growth Rate
9.1% CAGR
Global Automated Storage And Retrieval System Market ($ Bn)
Country Share for Europe Region (%)
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Automated Storage And Retrieval System Market Segmental Analysis
Global Automated Storage and Retrieval System Market is segmented by type, function, industry, application and region. Based on type, the market is segmented into unit load ASRS, mini load ASRS, vertical lift module (VLM), carousel (horizontal carousel, vertical carousel), mid load ASRS and autostore. Based on function, the market is segmented into storage, order picking, distribution, assembly, kitting and buffering. Based on industry, the market is segmented into automotive, food & beverage, retail & e-commerce, healthcare, aerospace, chemicals, electronics & semiconductors, metals & heavy machinery and others. Based on application, the market is segmented into warehouse & distribution centers and manufacturing facilities. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Automated Storage And Retrieval System Market Analysis by Type
The unit load segment held the dominant market share in 2021. Unit load ASRSs are more popular than other types of ASRS in many sectors since they are utilised to store large-size items and also offer real-time inventory information. Unit load ASRS is also a high-density heavy payload ASRS that makes it possible to handle whole pallets accurately, effectively, safely, and steadily. Additionally, the necessity to meet shipment deadlines during busy periods, the rise in business competency requirements, and the adoption of unit-load automated storage systems are all driving up demand for this market. This market expansion is anticipated to be aided by the integration of cutting-edge technology into process handling and shipping operations as well as the growing need for lower incineration prices. Their broad range of applications in the consumer goods, automotive, electronics, food & beverage, pharmaceuticals & medical supplies, and retail & clothing industries also contribute to the market expansion.
Automated Storage And Retrieval System Market Analysis by Industry
The automotive industry segment dominated the global automated storage and retrieval system market share in 2021. 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 handle vast quantities of inventory as well as variety and breadth. Additionally, these providers must increase the amount of storage space they can fit on the floor. In order to meet the demands linked to material handling capacity, these systems are being deployed more and more.
Food and beverage industry is expected to show substantial growth during the forecast period. When used in the food business, automatic storage and retrieval systems are advantageous for tracking food expiry dates, last-in-first-out (LIFO) segregation, and lot number distribution. It helps the beverage sector distinguish between volatile and non-volatile solutions, which is another advantage. The market prognosis for automated storage and retrieval systems for food and beverages would be improved by the rising trend of food e-marts and online retailers. The market’s overall income is predicted to increase after AI system implementation. In the future years, a large number of food-related industries, in particular cold storage facilities already established in North America and Europe, will see growth.
Global Automated Storage And Retrieval System Market By Type
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Automated Storage And Retrieval System Market Regional Insights
Europe dominated the Global Automated Storage and Retrieval System Market share in 2021. One of the important aspects influencing the market in Europe is the presence of several significant companies and the sizeable client base. Due to the region's very high labour costs, firms in European nations have been implementing automated solutions to lower total operating expenses. By supporting effective administration of all warehouse activities, the implementation of these solutions aids manufacturers in maintaining a competitive advantage. Additionally, the expansion of the e-commerce sector and the presence of multinational corporations with international warehousing and distribution activities are propelling the market in Europe.
Due to the expansion of the automotive, food and beverage, and healthcare sectors in the developing nations, Asia-Pacific is predicted to have considerable growth in the automated storage and retrieval system (ASRS) market. Additionally, it is projected that the presence of a significant key player would further fuel the market expansion in the region over the ensuing years. China, the world's second largest economy, is expected to reach a high market size at the end of forecast period owing to the increasing number of Alibaba storehouses and Amazon warehouses in this region.
Global Automated Storage And Retrieval System Market By Region
- Largest
- Fastest
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Automated Storage And Retrieval System Market Dynamics
Automated Storage And Retrieval System Market Driver
Growing Online Customers
- Due to the enormous increase in online customers, the e-commerce sector is flourishing. Both business-to-business (B2B) and business-to-consumer (B2C) e-commerce have increased as a result. The rise in B2C sales is especially noticeable in online purchases of food, home items, and prescription medications. It has also put tremendous pressure on e-commerce delivery times. Due to the constant strain on the e-commerce sector to get and deliver a large number of goods within the allotted period, they have automated their facilities. Utilizing micro loads or shuttles, which deliver a case or tote to a goods-to-operator (GTO) pickup station, is the most effective approach to execute orders. ASRSs are employed in the e-commerce sector and are capable of managing a wide range of product stock keeping units (SKUs), lead times, and big SKU ranges. These factors are contributing to the market growth.
- As the demand for automation has grown across all industrial sectors, the usage of automated systems has expanded substantially. Automation solutions are increasingly being adopted by businesses in order to streamline operations, boost production capacity, provide better customer service, and produce high-quality goods. This element contributes to the market share increase of automated storage and retrieval systems.
Automated Storage And Retrieval System Market Restraint
High Initial Setup Cost
- Although ASRS is a very profitable automation system for use in warehouses, its initial installation involves a substantial financial outlay. Before actually purchasing the system, a supply chain and inventory management pre-purchase investigation is necessary. Software, automated systems, and racks must be installed in order to deploy ASRS. This entire system is really expensive. This system needs to be set up accurately, which necessitates specialized work. Additionally, businesses frequently incur high continuing expenditures for maintaining and updating several subsystems. Small and medium-sized businesses have a tough time making such large expenditures.
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Automated Storage And Retrieval System Market Competitive Landscape
Global Automated Storage and Retrieval System Market is competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. Major Players include Material Handling Systems, SSI SCHAEFER AG, Honeywell Intelligrated, Toyota Industries Corporation, MATTER Srl and Murata Machinery, Ltd. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Automated Storage And Retrieval System Market Top Player's Company Profiles
- Daifuku Co., Ltd.
- Schaefer Systems International Pvt Ltd
- Dematic (Kion Group AG)
- Murata Machinery Ltd.
- Mecalux S.A.
- TGW Logistics Group
- Kardex Group
- Swisslog Holding AG
- Honeywell Intelligrated
- Knapp AG
- Vanderlande Industries
- System Logistics Spa
- Bastian Solutions, Inc.
- Beumer Group
- Mitsubishi Electric Corporation
- SSI Schaefer Group
- Egemin Automation Inc.
- Westfalia Technologies, Inc.
- Daifuku Webb Holding Company
- Fives Group
Automated Storage And Retrieval System Market Recent Developments
- In June 2022, Attabotics, the first 3D supply chain system for modern business, and Körber Supply Chain Automation, a global technology company, have formed a strategic alliance to provide European businesses with Attabotics' 3D patented storage and retrieval technology. Within the footprint of the ultra-high density storage structure, the automated system provides rapid and efficient order picking with built-in buffering and sequencing.
- In February 2022, after raising $132 million, the India-based logistics automation firm Addverb Technologies is introducing its warehouse robots product line to the North American market. With its fleet of automated robots, material handling technologies, system integration services, and software solutions, Addverb claims to aid in enhancing the efficiency and precision of warehouse and industrial operations. More precisely, the business provides picking technologies, carton shuttles, automated storage and retrieval systems (AS/RS), warehouse management and execution software, industrial IoT solutions, and autonomous mobile robots (AMRs).
Automated Storage And Retrieval System Key Market Trends
Robotic Cube Storage Systems Gaining Traction
- The newer version of Automatic storage and retrieval system (ASRS) are cube storage systems. In a 3D space, these methods optimise available space. Mobile robots move through cells at the top layer of automated cube storage and retrieval systems while a matrix of items is stored in numerous layers below. On the same grid (cube), each robot operates autonomously. They are all wirelessly connected to the system and charge themselves when not in use. As the command centre, the controller and software manage everything and provide traffic algorithms.
- Robotic cube storage systems are flexible; when throughput demands change, it is simple to add robots or workstations. The grid's flexibility allows the system to be customised to fit any kind or size of warehouse. This system often offers the most functionality for individuals seeking every possible optimization, while being one of the priciest ASRS alternatives. An intelligent fleet of mobile robots cooperate in unison under the direction of a command centre unit that is continually optimising the system in light of demand.
Automated Storage And Retrieval System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Automated Storage and Retrieval System Market analysis, to ensure consumer happiness, there is an increase in the demand for quick, accurate, and efficient fulfilment of in-store commerce. One of the main factors influencing the market is the expanding industrial automation, which aims to increase safety, reduce mistakes, and offer flexibility to the production process while also enhancing productivity and quality. The initial step of the supply chain's operating flow is supported by an automated storage and retrieval system. In order to boost efficiency, ASRS is used in applications for inventory management and slow- to medium-moving order fulfilment. Therefore, increasing need for effective supply chain implementations is motivating enterprises to use these systems.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.2 billion |
| Market size value in 2031 | USD 23.34 billion |
| Growth Rate | 9.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automated Storage And Retrieval System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automated Storage And Retrieval System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automated Storage And Retrieval System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automated Storage And Retrieval System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automated Storage And Retrieval System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automated Storage And Retrieval System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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