Market Outlook:

The Automated Storage And Retrieval System market size is poised to reach USD 7,867.55 Million by 2024, with a projected escalation to USD 16,497.14 Million by 2032, reflecting a compound annual growth rate (CAGR) of 8.5% during the forecast period (2024-2032). 

Several warehouses and industrial sites use ASRS to manage their goods efficiently by automated handling of storage materials. ASRS technology helps enhance operations by using space smartly which speeds up item collection and lowers the chance of mistakes. This market segment contains different types of Automated Storage and Retrieval Systems with Unit Load, Mini Load, Vertical Lift Modules, and Horizontal and Vertical Carousels. The increase in smart factory technology and Industry 4.0 applications now creates a way to use artificial intelligence, internet connectivity, and robotic systems in automated storage and retrieval processing. Higher demand for better inventory control methods pushed organizations worldwide to adopt ASRS technologies.

Market Dynamics:

Driver:

Real estate expenses and small warehouse spaces make it hard for businesses to succeed in North American and European markets including China. From July 2022 through June 2023 warehouse rent rates in Europe surged 13.8% but before the pandemic they rose only 2.5% each year on average. Since more people are buying from stores and living in developed countries of North America and Asia-Pacific they must use all available space at once. Automated Storage and Retrieval Systems are used to make the most of floor space while increasing how much stock you can store. With ceiling-to-floor utilization ASRS enables companies to save 85% of their floor space which they can use for additional goods storage expansion and quality assurance installations. The combination of storage containers plus partitions helps reach more inventory space while lowering expense linked to manual handling. The system makes work operations faster and easier by taking over routine activities. An operator with automated systems can handle the work that several manual workers would handle. One operator working with ASRS can handle labor needs that three workers would normally handle. Many companies find this system helpful because they need to fill vacant positions or manage rising labor prices by global manufacturers. Business will make 90% better use of their resources with 99.9% accurate product handling when they switch to ASRS warehousing technology.

Restraint:

Our modern warehouses succeed when they use automated storage and retrieval systems despite needing large initial funding to start operations. The main ASRS system manufacturer Kardex forecasts an initial 1 million dollar cost according to their data. After evaluating company supply chain and inventory requirements management teams commit to invest in this system. The system installation focuses on placing racks and automated equipment while implementing special software systems. Professional installation teams with special training work to set up this system correctly which costs a great deal.

Opportunity:

The healthcare industry keeps expanding. Medical institutions and healthcare facilities must follow exact rules with their supply handling. All materials need safe handling in line with government rules. Efficient ASRS systems help hospitals lower costs through faster item delivery which meets their required standards. Hospital intralogistics involves picking perishable medicine and precision-picked sensor equipment along with linens that need quick proper selection. The system relies on automated tracking equipment like RFID chips and pick-to-light systems to perform these tasks. Businesses can install temperature-controlled ASRS systems along with climate control features in their healthcare clinics. These businesses create special ASRS systems that meet healthcare industry requirements. Kardex delivers both Kardex Shuttle and Kardex Megamat storage systems that handle medical supplies and materials like pills and tools just as effectively as patient room necessities.

Key Players:

• Daifuku Co., Ltd. (Japan)
• Murata Machinery, Ltd.  (Japan)
• KION GROUP AG (Germany)
• Toyota Industries Corporation (Japan)
• KUKA AG (Germany)
• SSI SCHAEFER (Germany)
• TGW Logistics Group (Austria)
• Kardex (Switzerland)
• BEUMER Group (Germany)
• Honeywell International Inc (US)
• KNAPP AG (Austria)
• MECALUX, S.A. (Spain)
• System Logistics S.p.A. (Italy)
• IHI Corporation (Japan)
• Stanley Black & Decker, Inc. (US)
• Jungheinrich AG (Germany)
• Ocado Group plc. (UK)

Recent Development:

• In November 2024, Kardex joined forces with Douglas Pharmaceuticals Limited to bring New Zealand its initial AutoStore system. The automated system helps improve warehouse operations and brings forth new possibilities. 

• In October 2024, SSI SCHAEFER joined forces with ALP to design the OMEGA 1 Bukit Raja smart warehouse setting up its high-bay racking system. The Selangor, Malaysia storehouse serves as the biggest automated setting in Southeast Asia by spanning 1.8 million square feet. 

• In April 2024, Daifuku Co. Ltd. changed Shiga Works production processes to build more products and manage shipment better. Semiconductor and LCD production systems need their own cleanroom area which will be built in G facility while Maintenance requirements for AGVs will be handled in Facility Building M at April 2024.

Segment Insights:

By Type

The future growth of the automated storage and retrieval system (ASRS) market comes from the VLM segment with its fastest projected CAGR rate. Customers choose VLMs because their space-saving structure helps them store more items in limited areas. The systems use advanced methods including automated carriers and ergonomic systems to process materials faster and with complete accuracy. Major companies such as e-commerce providers and automotive and pharmaceutical organizations adopt VLMs because these systems simplify processes prevent hiring unnecessary employees and speed up their business operations. Time and storage space become easier to manage with VLMs because they let users monitor stock levels instantly through their connection to WMS and Picking systems.

By Vertical

The automotive industry will take a major market share throughout this forecast period because it needs automated storage and retrieval systems for better efficiency at work. The automotive industry uses ASRS systems to track components and inventory while arranging storage spaces better in company buildings and factories. The specific systems work better because they allow faster item handling of bulk goods while also saving time and making the facility run better. The automotive industry now implements robotic, IoT and AI technologies to produce better results from its ASRS systems. Our advanced systems help continuous production while watching current stock levels and scheduled maintenance that businesses need in their fast-changing field.

Regional Insights:

North America will maintain strong market leadership of automated storage and retrieval systems because companies here began using advanced technology earlier than other regions while building advanced industrial networks and expanding automation into industries. Organized industries throughout North America including e-commerce, automotive, medicine and food sectors need advanced storage systems to run their operations efficiently while cutting expenditure. ASRS systems gain popularity due to companies in North America improving both their supply chains and automated warehouses. Because of rising online retail businesses customers require faster delivery with accurate stock updates which fuels market growth. The North American market optimizes production through IoT-connected automated storage systems and digital systems driven by AI to achieve business sustainability. North America will stay at the top of the global ASRS market because its companies are focused on improving their performance and market strength.

Segmentation:

By Type

• Unit Load ASRS

• Mini Load ASRS

• Mid-Load ASRS

• Vertical Lift Module (VLM)

By Payload Capacity                       

• <500 kg

• 500-1,500 kg

• >1,500 kg

By Vertical

• Retail & E-commerce

• Healthcare

• Automotive

• Aerospace & Defense

• Electronics & Semiconductors

• Others

By Region

North America

• USA

• Canada

• Mexico

Europe

• France

• UK

• Spain

• Germany

• Italy

• Rest of Europe

Asia Pacific

• China

• Japan

• India

• South Korea

• Rest of Asia Pacific

Middle East & Africa

• GCC

• South Africa

• Rest of the Middle East & Africa

South America

• Brazil

• Argentina

• Rest of South America

What to Expect from Industry Profile?

1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Automated Storage And Retrieval System market in the world.

2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Automated Storage And Retrieval System market.

3. Leading company profiles reveal details of key Automated Storage And Retrieval System market players’ global operations, strategies, financial performance & recent developments.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Automated Storage And Retrieval System market with forecast for the decade by both market share (%) & revenue (USD Million).

FAQ’s

1) What are the major factors driving the growth of the Global Automated Storage And Retrieval System Market?

• The rapid growth of e-commerce is driving the demand for Global Automated Storage And Retrieval System Market.

2) What would be the CAGR of the Global Automated Storage And Retrieval System Market over the forecast period?

• The Global Automated Storage And Retrieval System Market is poised to grow at a CAGR of 8.5% from 2024 to 2032.

3) Which region will provide more business opportunities for the growth of the Global Automated Storage And Retrieval System Market in the future?

• The North America region is expected to create more opportunities in the market.

4) Who are the major players dominating the Global Automated Storage And Retrieval System Market?

• Daifuku Co., Ltd. (Japan), Murata Machinery, Ltd. (Japan), KION GROUP AG (Germany), Toyota Industries Corporation (Japan), KUKA AG (Germany).

5) What are the segments in the Global Automated Storage And Retrieval System Market?

• By Type, By Payload Capacity, By Vertical, are the industry key segments considered for research study.

6) What is the estimated market revenue for the Global Automated Storage And Retrieval System Market in 2032?

• The estimated revenue for the Global Automated Storage And Retrieval System Market in 2032 is USD 16,497.14 Million.