IMARC Group's report titled “Automated Storage and Retrieval System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, 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.
Automated storage and retrieval system (ASRS) is a sophisticated material handling system that relies on computer-controlled mechanisms to automatically store and retrieve goods from designated storage locations. It consists of high-density storage racks or shelving units that are designed to efficiently store and organize goods. It is designed to handle a high volume of goods and enable fast and accurate storage and retrieval processes. It optimizes space utilization, improves inventory management, increases operational efficiency, and reduces labor costs.
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Automated Storage and Retrieval System Market Trends and Drivers:
Presently, the increasing adoption of ASRS in numerous warehouses and distribution centers to increase storage density, improve inventory accuracy, and enhance order fulfillment processes represents one of the primary factors fueling the market growth around the world. Besides this, the rising usage of ASRS in the textile industry to streamline inventory management, enable efficient order fulfillment, and support rapid picking and sorting processes is favoring the growth of the market. In addition, the growing need for ASRS in the pharmaceutical sector to ensure accurate inventory control and compliance with regulatory requirements is creating a positive outlook for the market. Apart from this, the rising requirement of ASRS in small and medium-sized enterprises (SMEs) to reduce human interaction is propelling the growth of the market.
Report Segmentation:
The report has segmented the market into the 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
Market 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
Competitive Landscape with Key Player:
- 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
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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