Automated Storage and Retrieval System Market Share, Scope And Forecast 2024–2032

IMARC Group’s report titled “Automated Storage and Retrieval System Market Report by Type (Vertical Lift Modules, Carousels, Crane-Based, Vertical Buffer Modules, Robotic Shuttles, Floor Robots), Load (Unit-Load ASRS, Mini-Load ASRS, Micro-Load ASRS), Application (Storage, Order Picking, Kitting, Buffering, and Others), End User (Automotive, Semiconductor and Electronics, General Manufacturing, Retail and Warehousing or Logistics, Aviation, Chemicals, Rubber and Plastics, Healthcare and Pharma, Food and Beverage, Postal and Parcel, and Others), and Region 2024–2032”. The global automated storage and retrieval system market size reached US$ 20.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 35.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.1% during 2024–2032.

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Factors Affecting the Growth of the Automated Storage and Retrieval System Industry:

• Rise of E-commerce and Retail Sector:

As the volume of online shopping increases, businesses are challenged to manage large volumes of inventory and ensure fast and accurate order fulfillment. Automated Warehouse Management System (ASRS) solutions offer a powerful solution to these challenges by automating storage, retrieval, and sorting processes. This allows businesses to efficiently handle large volumes of orders, minimize human error, and reduce the need for expansive warehouse space. Additionally, the ability of ASRS to operate around the clock aligns with the demands of e-commerce, where individuals expect fast delivery times. Retailers and e-commerce companies are investing heavily in ASRS to streamline supply chain operations, increase user satisfaction, and stay competitive in the market.

• Technological Advancements and Innovations:

Modern ASRS solutions incorporate cutting-edge technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). These technologies increase the efficiency, accuracy, and speed of storage and retrieval operations. AI algorithms optimize storage layouts and retrieval paths, reducing operational time and energy usage. IoT-enabled sensors and devices facilitate real-time monitoring and maintenance, improving system reliability and reducing downtime. In addition, developments in advanced robotics allow for the handling of a greater variety of goods, including delicate and irregularly shaped goods. These technological improvements not only increase operational efficiency but also reduce costs, making ASRS an attractive investment for businesses across a range of industries.

• Increasing Focus on Workplace Safety and Efficiency:

Manual handling of goods in warehouses and distribution centers carries the risk of accidents and injuries. ASRS solutions minimize human intervention in these processes, significantly reducing the risk of workplace accidents. Additionally, automating repetitive, labor-intensive tasks frees employees to focus on more strategic, value-added activities, increasing overall productivity. Businesses are realizing the benefits of creating a safer, more efficient work environment, not only to protect their employees, but also to comply with strict occupational safety regulations. Additionally, companies are adopting ASRS as part of their strategies to improve operational safety, efficiency, and overall organizational performance.

Leading Companies Operating in the Global Automated Storage and Retrieval System Industry:

• Beumer Group GmbH & Co. KG
• Daifuku Co. Ltd.
• Dematic (Kion Group AG)
• Honeywell International Inc.
• Kardex Group
• Knapp AG
• Mecalux S.A.
• Murata Machinery Ltd.
• Schaefer Systems International Pvt Ltd
• System Logistics S.p.A. (Krones AG)
• TGW Logistics Group
• Toyota Industries Corporation
• Viastore Systems

Automated Storage and Retrieval System Market Report Segmentation:

By Type:

• Vertical Lift Modules
• Carousels
• Horizontal Carousels
• Vertical Carousels
• Crane-Based
• Vertical Buffer Modules
• Robotic Shuttles
• Floor Robots

Floor robots exhibit a clear dominance in the market accredited to their flexibility, efficiency, and ability to optimize warehouse operations by reducing manual labor and increasing accuracy.

By Load:

• Unit-Load ASRS
• Fixed-Aisle ASRS
• Movable-Aisle ASRS
• Mini-Load ASRS
• Micro-Load ASRS

Unit-load ASRS represents the largest segment attributed to its capacity to handle large volumes of goods, making it ideal for heavy-duty industrial applications.

By Application:

• Storage
• Order Picking
• Kitting
• Buffering
• Others

Storage holds the biggest market share, as ASRS systems are primarily designed to enhance storage efficiency and maximize space utilization.

By End User:

• Automotive
• Semiconductor and Electronics
• General Manufacturing
• Retail and Warehousing or Logistics
• Aviation
• Chemicals, Rubber and Plastics
• Healthcare and Pharma
• Food and Beverage
• Postal and Parcel
• Others

Automotive accounts for the majority of the market share due to the high demand for automation in managing complex inventories and assembly line operations in the automotive industry.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Europe dominates the market owing to the early adoption of advanced warehouse technologies and a strong presence of key market players in the region.

Global Automated Storage and Retrieval System Market Trends:

The development of more affordable and modular systems is increasing the adoption of ASRS among small and medium-sized enterprises (SMEs) and the market outlook is positive. These scalable solutions allow SMEs to reap the benefits of automation without the need for upfront investment.

Furthermore, advancements in robotics and automation technologies continue to pave the way for new innovations that improve both the efficiency and safety of warehouse environments, such as collaborative robots (cobots) working alongside human operators.

Furthermore, the rise of omnichannel retailing is driving demand for flexible and versatile ASRS systems that can accommodate diverse inventory types and fast order fulfillment.

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