Automated Storage And Retrieval System Market Size, Share, Growth Analysis, By Category(Integrated, Standalone), By Type(Unit Load, Mini Load, Vertical Lift Module, Carousel), By Function(Storage, Order Picking, Distribution, Assembly), By Industry(Automotive, Metals, Heavy Machinery, Food), By Region - Industry Forecast 2024-2031

Automated Storage And Retrieval System Market size was valued at USD 8573 million in 2019 and is poised to grow from USD 9192.9 million in 2023 to USD 15.88 million by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

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.