Automated Storage and Retrieval Systems Market By Type (Carousel, Mid Load, Mini Load, Unit Load, and Vertical Lift Module), By Functions (Assembly, Distribution, Kitting, Order Picking, Storage, and Others), By Application (Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, and Healthcare & Pharmaceuticals), Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

Market Overview

Automated Storage and Retrieval System market market was valued at 12.1 billion US$ in 2022 and is projected to reach 22.5 billion US$ by 2030, at a CAGR of 8.1% during the forecast period. An Automated Storage and Retrieval System (ASRS) is a type of mechanical system that is designed to automatically store and retrieve items within a warehouse or storage facility. These systems use a variety of technologies, such as robotics, conveyors, and computer control systems, to automate the storage and retrieval process. The ASRS market refers to the industry that provides these systems and related services. This market includes companies that design, manufacture, and install ASRS systems, as well as those that provide maintenance and repair services for existing systems. The ASRS market is driven by the increasing demand for automation in the logistics and manufacturing industries, as well as the need for efficient space utilization and inventory management. This market is also growing due to the increased adoption of e-commerce and the need for faster and more accurate order fulfillment. The market restraint is the high capital investment and maintenance cost of the systems. The market for ASRS is segmented based on the type of system, industry, and geography. The types of systems include Unit-load ASRS, Mini-load ASRS, Vertical Carousel, Horizontal Carousel and Vertical Lift Module. The industries where they are used are Manufacturing, Automotive, Pharmaceuticals, Food and Beverages, E-commerce and others.

Automated Storage and Retrieval Systems Market Revenue, 2022-2030

Market Determinants

The growing acceptance of ASRS across several industry verticals to propel the growth of the market and surge in demand for ASRS in manufacturing industry is a major factor expected to drive the growth of the market are key driving factors of the market. A parallel expansion in the handling of e-commerce goods across high-demand areas would further propel product demand and sale prospects during the forecast period. However, ASRS systems require high initial investment and are difficult to customize once implemented, which limits their use in changing manufacturing industries and might hamper the market growth. The use of automated systems to meet international quality standards is further expected to create significant growth opportunities for the growth of the automated storage and retrieval system market which would provide lucrative opportunities for the market in coming years.

Market Segmentation

The global Automated Storage and Retrieval Systems market is mainly classified based on Type, Functions, and Application.
Type is further segmented into Carousel, Mid Load, Mini Load, Unit Load, and Vertical Lift Module.
By Functions the market is divided into Assembly, Distribution, Kitting, Order Picking, Storage, and Others.
By Application the market is further divided into Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, and Healthcare & Pharmaceuticals.

Regional Analysis

Based on geography, the global Automated Storage and Retrieval Systems market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Market Revenue, By Region

Competitive Players/ Competitive landscape/ Key Players/Market Leaders

Key players operating in the Automated Storage and Retrieval Systems industry include AutoStore, BASTIAN SOLUTIONS, INC., BEUMER GROUP, DAIFUKU CO., LTD, Dematic GmbH & Co. KG, HONEYWELL INTELLIGRATED, Invata Intralogistics, Inc., KARDEX GROUP, KNAPP AG, MURATA MACHINERY, Ocado Group, SSI SCHAEFER, Swisslog Holding AG, System Logistics Spa, TGW LOGISTICS GROUP, Vanderlande Industries, and Westfalia Technologies, Inc.

Automated Storage and Retrieval Systems Market Key Segments:

By Type
• Carousel
• Mid Load
• Mini Load
• Unit Load
• Vertical Lift Module

By Functions
• Assembly
• Distribution
• Kitting
• Order Picking
• Storage
• Others

By Application
• Aviation
• Automotive
• Chemicals
• Retail & E-Commerce
• Food & Beverages
• Healthcare & Pharmaceuticals

Key Global Automated Storage and Retrieval Systems Industry Players
• AutoStore
• BASTIAN SOLUTIONS, INC
• BEUMER GROUP
• DAIFUKU CO., LTD
• Dematic GmbH & Co. KG
• HONEYWELL INTELLIGRATED
• Invata Intralogistics, Inc.
• KARDEX GROUP
• KNAPP AG
• MURATA MACHINERY
• Ocado Group
• SSI SCHAEFER
• Swisslog Holding AG
• System Logistics Spa
• TGW LOGISTICS GROUP
• Vanderlande Industries
• Westfalia Technologies

1. Market Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Market Scope

2. Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary data sources

3. Automated Storage and Retrieval Systems Market Overview
3.1 Report Segmentation & Scope
3.2 Key Market Trend
3.3 Drivers
3.3.1 Growing acceptance of ASRS across several industry verticals
3.3.2 Surge in demand for ASRS in manufacturing industry
3.4 Restraints
3.4.1 High initial investment requirements
3.4.2 Limitations in product use with issues in customization after integration
3.5 Opportunity
3.5.1 Surge in use of automated systems to meet international quality standards
3.6 Porter’s Five Forces Analysis
3.6.1 Porter’s Five Forces Analysis
3.7 Market Share Analysis

4. Type Overview
4.1 Introduction
4.1.1 Market Size & Forecast
4.2 Carousel
4.2.1 Market Size & Forecast
4.3 Mid Load
4.3.1 Market Size & Forecast
4.4 Mini Load
4.4.1 Market Size & Forecast
4.5 Unit Load
4.5.1 Market Size & Forecast
4.6 Vertical Lift Module
4.6.1 Market Size & Forecast

5. Functions Overview
5.1 Introduction
5.1.1 Market Size & Forecast
5.2 Assembly
5.2.1 Market Size & Forecast
5.3 Distribution
5.3.1 Market Size & Forecast
5.4 Kitting
5.4.1 Market Size & Forecast
5.5 Order Picking
5.5.1 Market Size & Forecast
5.6 Storage
5.6.1 Market Size & Forecast
5.7 Others
5.7.1 Market Size & Forecast

6. Application Overview
6.1 Introduction
6.1.1 Market Size & Forecast
6.2 Aviation
6.2.1 Market Size & Forecast
6.3 Automotive
6.3.1 Market Size & Forecast
6.4 Chemicals
6.4.1 Market Size & Forecast
6.5 Retail & E-Commerce
6.5.1 Market Size & Forecast
6.6 Food & Beverages
6.6.1 Market Size & Forecast
6.7 Healthcare & Pharmaceuticals
6.7.1 Market Size & Forecast

7. Automated Storage and Retrieval Systems Market Regional Overview
7.1 Introduction
7.1.1 Market Size & Forecast
7.2 North America Automated Storage and Retrieval Systems Market
7.2.1 North America Market Size & Forecast, By Country
7.2.2 North America Market Size & Forecast, By Type
7.2.3 North America Market Size & Forecast, By Functions
7.2.4 North America Market Size & Forecast, By Application
7.2.5 S.
7.2.5.1 Market Size and Forecast
7.2.6 Canada
7.2.6.1 Market Size and Forecast
7.2.7 Mexico
7.2.7.1 Market Size and Forecast
7.2.8 Europe Automated Storage and Retrieval Systems Market
7.2.8.1 Europe Market Size & Forecast, By Country
7.2.8.2 Europe Market Size & Forecast, By Type
7.2.8.3 Europe Market Size & Forecast, By Functions
7.2.8.4 Europe Market Size & Forecast, By Application
7.2.8.5 Germany
7.2.8.5.1 Market Size and Forecast
7.2.8.6 France
7.2.8.6.1 Market Size and Forecast
7.2.8.7 UK
7.2.8.7.1 Market Size and Forecast
7.2.8.8 Italy
7.2.8.8.1 Market Size and Forecast
7.2.8.9 Spain
7.2.8.9.1 Market Size and Forecast
7.2.8.10 Rest of Europe
7.2.8.10.1 Market Size and Forecast
7.2.8.11 Asia-Pacific Automated Storage and Retrieval Systems Market
7.2.8.11.1 Asia-Pacific Market Size & Forecast, By Country
7.2.8.11.2 Asia-Pacific Market Size & Forecast, By Type
7.2.8.11.3 Asia-Pacific Market Size & Forecast, By Functions
7.2.8.11.4 Asia-Pacific Market Size & Forecast, By Application
7.2.8.11.5 China
7.2.8.11.5.1 Market Size and Forecast
7.2.8.11.6 Japan
7.2.8.11.6.1 Market Size and Forecast
7.2.8.11.7 India
7.2.8.11.7.1 Market Size and Forecast
7.2.8.11.8 South Korea
7.2.8.11.8.1 Market Size and Forecast
7.2.8.11.9 Australia
7.2.8.11.9.1 Market Size and Forecast
7.2.8.11.10 South East Asia
7.2.8.11.10.1 Market Size and Forecast
7.2.8.11.11 Rest of Asia-Pacific
7.2.8.11.11.1 Market Size and Forecast
7.2.8.11.12 South America Automated Storage and Retrieval Systems Market
7.2.8.11.12.1 South America Market Size & Forecast, By Country
7.2.8.11.12.2 South America Market Size & Forecast, By Type
7.2.8.11.12.3 South America Market Size & Forecast, By Functions
7.2.8.11.12.4 South America Market Size & Forecast, By Application
7.2.8.11.12.5 Brazil
7.2.8.11.12.5.1 Market Size and Forecast
7.2.8.11.12.6 Argentina
7.2.8.11.12.6.1 Market Size and Forecast
7.2.8.11.12.7 Rest of South America
7.2.8.11.12.7.1 Market Size and Forecast
7.2.8.11.12.8 Middle East & Africa Automated Storage and Retrieval Systems Market
7.2.8.11.12.8.1 Middle East & Africa Market Size & Forecast, By Country
7.2.8.11.12.8.2 Middle East & Africa Market Size & Forecast, By Type
7.2.8.11.12.8.3 Middle East & Africa Market Size & Forecast, By Functions
7.2.8.11.12.8.4 Middle East & Africa Market Size & Forecast, By Application
7.2.8.11.12.8.5 GCC Countries
7.2.8.11.12.8.5.1 Market Size and Forecast
7.2.8.11.12.8.6 UAE
7.2.8.11.12.8.6.1 Market Size and Forecast
7.2.8.11.12.8.7 Saudi Arabia
7.2.8.11.12.8.7.1 Market Size and Forecast
7.2.8.11.12.8.8 South Africa
7.2.8.11.12.8.8.1 Market Size and Forecast
7.2.8.11.12.8.9 Rest of Middle East & Africa
7.2.8.11.12.8.9.1 Market Size and Forecast

8. Company Profile
8.1 AutoStore
8.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
8.1.2 AutoStore Product Category, Application, and Specification
8.1.3 AutoStore Financial Performance (2016-2018)
8.1.4 Main Business/Business Overview
8.2 BASTIAN SOLUTIONS, INC
8.3 BEUMER GROUP
8.4 DAIFUKU CO., LTD
8.5 Dematic GmbH & Co. KG
8.6 HONEYWELL INTELLIGRATED
8.7 Invata Intralogistics, Inc.
8.8 KARDEX GROUP
8.9 KNAPP AG
8.10 MURATA MACHINERY
8.11 Ocado Group
8.12 SSI SCHAEFER
8.13 Swisslog Holding AG
8.14 System Logistics Spa
8.15 TGW LOGISTICS GROUP
8.16 Vanderlande Industries
8.17 Westfalia Technologies, Inc.