Automated Storage And Retrieval System Market Size, Growth and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Automated Storage And Retrieval System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automated storage and retrieval system market share, trends, size, report and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. The global automated storage and retrieval system market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.

What is Automated Storage And Retrieval System?

Automated storage and retrieval system (ASRS) represents a computer-controlled device that accurately places and recovers cargo from specified storehouse locations in a facility. It contains shuttles, cranes, carousels, vertical lift modules (VLMs), micro-loads, mini-loads, unit-loads, warehouse execution software (WES), warehouse management software (WMS), etc. ASRS offers numerous advantages, including efficient use of the floor area, reclaiming unused upright space, increasing inventory storage density, improving ergonomics and safety, enhancing throughput, and decreasing labor costs. Therefore, it finds wide applications in the aviation, automotive, chemical, e-commerce, food and beverage (F&B), and healthcare sectors.

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Global Automated Storage And Retrieval System Market Trends and Drivers:

The elevating requirement for fast, precise, and efficient fulfillment of in-store retailing to ensure customer satisfaction is among the key factors driving the automated storage and retrieval system market. Moreover, the increasing industrial automation for improving productivity and quality while enhancing safety, decreasing errors, and adding flexibility to the manufacturing procedure is also stimulating the market growth. Besides this, continuous technological advancements in ASRS assisted by cutting-edge sensors are acting as significant growth-inducing factors. Furthermore, the escalating need for enhanced storage systems in several industries is further propelling the global market. Apart from this, government bodies of various countries are extensively investing in developing digital infrastructure, which is positively influencing the market growth. Additionally, the increasing order volume in the e-commerce sector, on account of ease of selling internationally, retargeting customers, and personalization of the buying experience, is also fueling the global market. In addition to this, the widespread ASRS adoption by small and mid-size enterprises (SMEs) to reduce human interaction is anticipated to fuel the automated storage and retrieval system market over the forecasted period. 

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Type:

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

Breakup by Load:

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

Breakup by Application:

• Storage
• Order Picking
• Kitting
• Buffering
• Others

Breakup 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

Breakup by Region:

• 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

The report provides a comprehensive analysis of the industry key players listed below:

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 and Viastore Systems.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

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