What is the Global market size of the Automated Storage And Retrieval System Market?

Global Automated Storage And Retrieval System Market size was valued at USD 8573 million in 2021 and is poised to grow from USD 9192.9 million in 2022 to USD 15.88 million by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).

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.

Automated Storage And Retrieval System Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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 (2024-2031).

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. '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'

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.

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.

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

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 Insights

Automated Storage And Retrieval System Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Automated Storage And Retrieval System Market?

Who are the key vendors in the Automated Storage And Retrieval System Market?

What is the key driver of Automated Storage And Retrieval System Market?

What is the key market trend for Automated Storage And Retrieval System Market?

Which region accounted for the largest share in Automated Storage And Retrieval System Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300

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).