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).

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.