The latest research study “Automated Storage and Retrieval System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global automated storage and retrieval system market size reached US$ 18.03 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.68 Billion by 2027 exhibiting a CAGR of 7.20% during 2022-2027.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Automated storage and retrieval system (ASRS) represents a computer-controlled device that places and recovers loads from specified storage locations accurately in a facility. It comprises of vertical lift modules (VLMs), shuttles, cranes, micro-loads, warehouse execution software (WES), warehouse management software (WMS), etc. Automated storage and retrieval system (ASRS) offers various benefits, such as reclaiming unused vertical space, efficient use of the floor space, increasing inventory storage density, improving ergonomics and safety, enhancing throughput, reducing labor costs, etc. Consequently, it finds wide-ranging applications in several industries, including chemical, e-commerce, food and beverage (F&B), aviation, automotive, healthcare, etc.
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Automated Storage and Retrieval System Market Trends and Drivers:
The escalating demand for fast, precise, and efficient fulfillment of in-store retailing to ensure consumer satisfaction is primarily driving the automated storage and retrieval system market. Additionally, the rising industrial automation for improving productivity and quality while minimizing errors and adding flexibility to the manufacturing process is further catalyzing the market growth.
Apart from this, the widespread adoption of automated storage and retrieval systems by small and mid-size enterprises (SMEs) to reduce human interaction is acting as another significant growth-inducing factor. Moreover, government bodies across the countries are extensively investing in developing digital infrastructures, which is also positively influencing the global market.
Besides this, numerous technological advancements in ASRS assisted by cutting-edge sensors are anticipated to fuel the automated storage and retrieval system market over the forecasted period.
| Automated Storage and Retrieval System Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 18.03 Billion |
| Market forecast in 2027 | US$ 27.68 Billion |
| Growth Rate | CAGR of 7.20% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Load, Application and End User. |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Key companies profiled | 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. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report 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
By Geography:
- 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
List of Major Key Players:
The major players in the market are 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.
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