Automated Storage and Retrieval System Market Size by Type, Function, Industry, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2029
Overview
Automated Storage and Retrieval System Market (ASRS) size is expected to reach nearly US$ 13.59 Bn by 2029 with the CAGR of 7.42% during the forecast period.
The major factor driving the growth of global automated storage and retrieval system (ASRS) market is a growing demand for consumer electronic products across the world. Continuous innovation and technological advancement such as artificial intelligence, IoT and virtual reality in consumer electronic products are increased the demand for this industry. 
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The high demand for consumer electronic products across the globe has created the need for automated storage and retrieval system in the consumer electronics industry for handling inventory and picking and storing materials.
Additionally, the automotive industry is anticipated to propel the growth of automated storage and retrieval system market in near future. Rise in demand for the electric car is the key driving factor for the growth of the automotive industry. The high initial share required for automated storage and retrieval system can limit the growth of the market. But, automated storage and retrieval system can improve the productivity and efficiency of the company and also reduces the labor cost.
Global automated storage and retrieval system (ASRS) market are segmented by type, function, industry and region. Type is divided into a unit load, mini load, vertical lift module (VLM), carousel, mid load, and auto store. A function is classified as assembly, kitting, order picking, distribution and storage. The industry is categorized into automotive, chemicals, aviation, semiconductor & electronics, E-Commerce, food & beverages, healthcare, and metals & heavy machinery. Region-wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Based on function, order picking segment is anticipated to grow with highest CAGR between forecast periods. Automated Storage and Retrieval System is broadly used for picking orders in warehouses, manufacturing plants, and distributions centers. This automated storage and retrieval system picks up the finished orders from the manufacturing plants and transports it to warehouses and distribution center.
On the basis of type, Unit-Load is dominating the market. The Unit-Load automated storage and retrieval system (ASRS) market are designed for larger loads which are pallets or pallet-sized loads. Some of the systems are over 100 feet tall. Unit-Load ASRS systems are bigger systems that typically store pallet loads. Smaller systems which are usually called mini-load ASRS allow selection of items in totes, trays or cartons. The benefits of a fixed aisle system such as ASRS are the reduced space required and the compact labour needed to store and retrieve materials efficiently.
In terms of region, Asia Pacific automated storage and retrieval system market is estimated to register the highest CAGR growth during the forecast period. Increasing e-commerce industry is expected to trigger the growth of the automated storage and retrieval system ASRS market. The rising trend of online shopping, increased automotive industry, and innovation in consumer electronic products anticipates propelling the growth of the market.
Key players operating on the ASRS 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, and Vanderlande Industries BV.
The objective of the report is to present comprehensive analysis of Global Automated Storage and Retrieval System Market (ASRS) including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Automated Storage and Retrieval System Market (ASRS) dynamics, structure by analyzing the market segments, and project the Global Automated Storage and Retrieval System Market (ASRS) size. Clear representation of competitive analysis of key players by Global Automated Storage and Retrieval System Market (ASRS) Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automated Storage and Retrieval System Market (ASRS) make the report investor’s guide.
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| Global Automated Storage and Retrieval System Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2017 to 2022 | Market Size in 2022: | US $ 8.23 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 7.42% | Market Size in 2029: | US $ 13.59 Bn. |
| Segments Covered: | by Type | •Unit load • Mini load • Vertical lift module (VLM) • Carousel • Mid load • Auto store |
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| by Function | • Assembly • Kitting • Order picking • Distribution • Storage |
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| by Industry | • Automotive • Chemicals • Aviation • Semiconductor & electronics • E-Commerce • Food & beverages • Healthcare • Metals & heavy machinery |
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Automated Storage and Retrieval System Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Automated Storage and Retrieval System Market (ASRS), Key Players 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.
• KION
• KUKA
• Toyota Industries
Frequently Asked Questions:
1. Which region has the largest share in Global Automated Storage and Retrieval System Market ?
Ans: Asia Pacific region held the highest share in 2022.
2. What is the growth rate of Global Automated Storage and Retrieval System Market ?
Ans: The Global Automated Storage and Retrieval System Market is growing at a CAGR of 7.42% during forecasting period 2023-2029.
3. What is scope of the Global Automated Storage and Retrieval System Market report?
Ans: Global Automated Storage and Retrieval System Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Automated Storage and Retrieval System Market ?
Ans: The important key players in the Global Automated Storage and Retrieval System Market are – Arkrobot,Automation Logistics Corporation,Beumer Group,Daifuku Co., Ltd.,Flexe, Inc.
5. What is the study period of this Market?
Ans: The Global Automated Storage and Retrieval System Market is studied from 2022 to 2029.