Global Market for Automated Storage and Retrieval System is Anticipated to grow at a Significant Pace i.e., USD 13.4 Billion during the Forecast Period 2022-2028

Published Date: Jun, 2022

The global automated storage and retrieval (ASRS) market will grow at a 7.9% CAGR during the forecasted timeframe 2022-2028. Factors attributing to the growth of the automated storage and retrieval market include rising demand for e-commerce amidst the COVID-19 crisis, increased demand for optimum space utilization and increased labor cost, surge in adoption in the automotive, manufacturing, and aviation industry, mounting demand for better inventory control, and rising need to enhance accuracy, efficiency, and productivity in the supply chain. The Automated Storage and Retrieval System (ASRS) is used to speed up operations, improve communication between work areas, and help shops manage their massive inventory volumes. The supply chain was hampered by the widespread coronavirus. Additionally, the expansion of AS/RS systems is fueled by an increase in mini-load and shuttle AS/RS applications in the e-commerce sector due to the streamlined ordering procedure. Also, the expansion of automated storage & retrieval systems is driven by their higher storage capacity, improved warehouse efficiency, lower energy consumption, less waste, lower maintenance costs, and possible lifespan of 20–25+ years. Nevertheless, Automated Storage and Retrieval System (ASRS) functions as a catalyst for the movement of commodities, which in turn reduces the incidence of interruptions and accelerates the process, thereby promoting global growth.

In May 2022, The FAM GmbH, Magdeburg, a supplier of conveying systems and loading technology, has been acquired by The BEUMER Group, Beckum, a major international manufacturer of intralogistics systems in the field of palletizing and packaging technology, conveying and loading systems, and sorting and distribution systems. The market position of the BEUMER Group in the large equipment industry is also greatly strengthened as a result of it.

The COVID-19 pandemic had a significant impact on all the sectors of the economy including the automated storage and retrieval system market. The enforcement of strict social distance rules and lockdown policies in different countries causes consumer buying habits to change, which has a significant impact on the development of the e-commerce sector.

Browse 63 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on " Automated Storage and Retrieval System Market by Load (Unit Load ASRS (Fixed-Aisle ASRS and Movable-Aisle ASRS), Mid Load ASRS, and Mini Load ASRS), by Type (Vertical Lift Modules (VLM), Carousel (Horizontal Carousel and Vertical Carousel), Crane-Based, Vertical Buffer Modules, Floor Robots, and Robotic Shuttles), by Application (Storage, Order Picking, Kitting, Buffering, and Others), by End Use Vertical (Semiconductor & Electronics, Automotive, Retail and Warehousing, General Manufacturing, Chemical, Rubber and Plastics, Aviation, Food and Beverage, Healthcare and Pharma, Postal and Parcel, and Others), and Region - Global Forecast to 2028"

By type, vertical lift modules is anticipated to have a high CAGR during the forecast period.

The next generation of automated systems, known as vertical lift modules, are mostly employed in industrial settings to sort, store, and retrieve products for a user in a warehouse, thereby anticipating a high CAGR growth during the forecasted timeframe. These systems are important in the field of robotics since they are used to steer autonomous robots, commonly referred to as "self-navigating robots." Electronics, retail, automotive, aerospace, pharmaceuticals, and other industries are worried about lowering labor-intensive processes, improving accuracy and speed up storage task and retrieve their products whenever necessary.

Global Automated Storage and Retrieval System Market Segmentation Analysis

Segment

Categorization

Leading Category

Load

Unit Load ASRS (Fixed-Aisle ASRS and Movable-Aisle ASRS), Mid Load ASRS, and Mini Load ASRS

Unit Load ASRS (Largest)

Type

Vertical Lift Modules (VLM), Carousel (Horizontal Carousel and Vertical Carousel), Crane-Based, Vertical Buffer Modules, Floor Robots, and Robotic Shuttles

Floor Robots (Largest)

Vertical Lift Modules (High CAGR)

Application

Storage, Order Picking, Kitting, Buffering, and Others

Storage (Largest)

 

End Use Vertical

Semiconductor & Electronics, Automotive, Retail and Warehousing, General Manufacturing, Chemical, Rubber and Plastics, Aviation, Food and Beverage, Healthcare and Pharma, Postal and Parcel, and Others

Automotive (Largest)

Healthcare and Pharma (Fastest)

 

Region

North America, Europe, Asia-Pacific, and Rest of the World

Europe

(Largest)

Asia-Pacific

(High CAGR)

 

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“Asia-Pacific is anticipated to have the highest CAGR in the ASRS Market during the forecast period.”

Asia-Pacific is anticipated to have a high CAGR during the forecast period owing to the rising prominence of SMEs, rapid industrialization, promising e-commerce sector, increased investment for automation, and favorable government support.

Some of the major players in the global Automated Storage and Retrieval System industry include Daifuku Co., Ltd., Dematic (Acquired by Kion Group AG), KNAPP AG, BEUMER GROUP, System Logistics S.p.A., Murata Machinery, Ltd., Kardex, SSI Schaefer AG, Mecalux, S.A., and Honeywell International Inc.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2016–2028

Historical Period

2016–2021

Base Year

2021

Forecast Period

2022–2028

Segments Covered in the Study

Load, Type, Application, End Use Vertical, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Daifuku Co., Ltd., Dematic (Acquired by Kion Group AG), KNAPP AG, BEUMER GROUP, System Logistics S.p.A., Murata Machinery, Ltd., Kardex, SSI Schaefer AG, Mecalux, S.A., and Honeywell International Inc.

Global Automated Storage and Retrieval System Market Coverage

Load Insight and Forecast 2016-2028

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

Type Insight and Forecast 2016-2028

  • Vertical Lift Modules (VLM)
  • Carousel
    • Horizontal Carousel
    • Vertical Carousel
  • Crane-Based
  • Vertical Buffer Modules
  • Floor Robots
  • Robotic Shuttles

Application Insight and Forecast 2016-2028

  • Storage
  • Order Picking
  • Kitting
  • Buffering
  • Others

End Use Vertical Insight and Forecast 2016-2028

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

Geographical Segmentation

Automated Storage and Retrieval System Market by Region

North America

  • By Load
  • By Type
  • By Application
  • By End Use Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Load
  • By Type
  • By Application
  • By End Use Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Load
  • By Type
  • By Application
  • By End Use Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Load
  • By Type
  • By Application
  • By End Use Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries