Automated Storage & Retrieval System Market By Type (Vertical Lift Storage Modules (VLSM), Unit Load Stackers, ASRS Gantry Robots, and Others), By Function (Assembly, Kitting, Order Picking, Distribution, and Storage), By Application (Transportation, Semiconductor & Electronics, E-Commerce, Automotive, Metals & Heavy Machinery, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

An automated storage & retrieval system (ASRS) is used to place and retrieve from set locations inside a warehouse with speed, accuracy, and precision. The systems are controlled and operated using a set of digital computer systems, which assist in the identification and retrieval of specific packages. The Automated Storage & Retrieval systems fall under the broad category of warehouse automation technology that aims to optimize space and improve efficiency.

Market Dynamics

The rising need for space optimization and utilization in e-commerce warehouses and increasing product incorporation in the automotive & aviation industries are the primary factors driving the market growth. The rising volume of online orders and packages have necessitated the need for full optimization of space so as to avoid congestion at one place, and also ensure the correct delivery of parcels to the right address. The adoption of automated storage & retrieval systems enable proper handling of packages and improves the overall operational efficiency of warehouses dealing with high order volumes. The product incorporation further improves space utilization and optimization through proper stacking of items based on delivery urgency, promoting an improved degree of automation in the daily working of the warehouses. The gradual shift in approach of industrial manufacturing units concerning efficient completion of work activities and storage of goods required during production processes have further influenced growth in the implementation of automated storage & retrieval systems in recent times, propelling the growth of the market. However, high initial investments and lack of technical expertise in the workforce might hamper market growth. The insufficiency in skilled workforce trained to act as operators in warehouses integrated with ASRS might act as barriers to the growth of the market. The gradual integration of automation in the e-commerce sector in emerging regions would provide lucrative opportunities for the market in the coming years. The increased investment in the logistics & shipping sector of developing countries would offer crucial vendors with new opportunities for product sales and business expansion over the forecast period.

Market Segmentation

The global Automated Storage & Retrieval System market is mainly classified based on Type, Function, and Application. Type is segmented into Vertical Lift Storage Modules (VLSM), Unit Load Stackers, ASRS Gantry Robots, and Others. By Function, the market is divided into Assembly, Kitting, Order Picking, Distribution, and Storage. By Application, the market is further divided into Transportation, Semiconductor & Electronics, E-Commerce, Automotive, Metals & Heavy Machinery, and Others.

The Unit Load Stackers segment by Type holds a substantial market share in terms of overall value and volume owing to the improvement in product ability to execute single, double, triple, and multi-deep stacking applications. The high product demand for cold chain logistic warehouses would further influence a positive outcome in the growth of the segment.

In terms of volume, the Automotive Consumption by Application is poised to garner 42,076 Units; growing at a CAGR of 9.1% during forecast period. The proposed expansion to be achieved in automotive manufacturing, with electrical vehicles also entering the fray, would

Regional Analysis

Based on geography, the global Automated Storage & Retrieval System 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, Russia, 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.

Competitive landscape

Key players operating in the Automated Storage & Retrieval System industry include Daifuku Co., Ltd., SSI Schäfer AG, Murata Machinery, Ltd., Knapp AG, TGW Logistics Group GmbH, Kardex Group, Swisslog Holding AG, Mecalux, S.A., Vanderlande Industries B.V., System Logistics S.p.A., Green Automated Solutions, Inc., BEUMER Group GmbH & Co. KG, Dematic GmbH & Co. KG, Hänel GmbH & Co. KG, Westfalia Technologies, Inc.

Automated Storage & Retrieval System Market Key Segments:

By Type
• Vertical Lift Storage Modules (VLSM)
• Unit Load Stackers
• ASRS Gantry Robots
• Others

By Function
• Assembly
• Kitting
• Order Picking
• Distribution
• Storage

By Application
• Transportation
• Semiconductor & Electronics
• E-Commerce
• Automotive
• Metals & Heavy Machinery
• Others

Key Global Automated Storage & Retrieval System Industry Players
• Daifuku Co., Ltd.
• SSI Schäfer AG
• Murata Machinery, Ltd.
• Knapp AG
• TGW Logistics Group GmbH
• Kardex Group
• Swisslog Holding AG
• Mecalux, S.A.
• Vanderlande Industries B.V.
• System Logistics S.p.A.
• Green Automated Solutions, Inc.
• BEUMER Group GmbH & Co. KG
• Dematic GmbH & Co. KG
• Hänel GmbH & Co. KG
• Westfalia Technologies, Inc.

Table of Content

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 & Retrieval System Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising need for space optimization and utilization in e-commerce warehouses
3.3.2. Increasing product incorporation in automotive & aviation industries
3.4. Restraints
3.4.1. High initial investments and lack of technical expertise in workforce
3.5. Opportunity
3.5.1. Gradual integration of automation in the e-commerce sector in emerging regions
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. Vertical Lift Storage Modules (VLSM)
4.2.1. Market Size & Forecast
4.3. Unit Load Stackers
4.3.1. Market Size & Forecast
4.4. ASRS Gantry Robots
4.4.1. Market Size & Forecast
4.5. Others
4.5.1. Market Size & Forecast

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

6. Application Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. Transportation
6.2.1. Market Size & Forecast
6.3. Semiconductor & Electronics
6.3.1. Market Size & Forecast
6.4. E-Commerce
6.4.1. Market Size & Forecast
6.5. Automotive
6.5.1. Market Size & Forecast
6.6. Metals & Heavy Machinery
6.6.1. Market Size & Forecast
6.7. Others
6.7.1. Market Size & Forecast

7. Automated Storage & Retrieval System Market Regional Overview
7.1. Introduction
7.1.1. Market Size & Forecast
7.2. North America Automated Storage & Retrieval System 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 Function
7.2.4. North America Market Size & Forecast, By Application
7.2.5. U.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
7.3. Europe Automated Storage & Retrieval System Market
7.3.1. Europe Market Size & Forecast, By Country
7.3.2. Europe Market Size & Forecast, By Type
7.3.3. Europe Market Size & Forecast, By Function
7.3.4. Europe Market Size & Forecast, By Application
7.3.5. Germany
7.3.5.1. Market Size and Forecast
7.3.6. France
7.3.6.1. Market Size and Forecast
7.3.7. UK
7.3.7.1. Market Size and Forecast
7.3.8. Italy
7.3.8.1. Market Size and Forecast
7.3.9. Russia
7.3.9.1. Market Size and Forecast
7.3.10. Rest of Europe
7.3.10.1. Market Size and Forecast
7.4. Asia-Pacific Automated Storage & Retrieval System Market
7.4.1. Asia-Pacific Market Size & Forecast, By Country
7.4.2. Asia-Pacific Market Size & Forecast, By Type
7.4.3. Asia-Pacific Market Size & Forecast, By Function
7.4.4. Asia-Pacific Market Size & Forecast, By Application
7.4.5. Japan
7.4.5.1. Market Size and Forecast
7.4.6. China
7.4.6.1. Market Size and Forecast
7.4.7. Australia
7.4.7.1. Market Size and Forecast
7.4.8. India
7.4.8.1. Market Size and Forecast
7.4.9. South Korea
7.4.9.1. Market Size and Forecast
7.4.10. Rest of Asia-Pacific
7.4.10.1. Market Size and Forecast
7.5. South America Automated Storage & Retrieval System Market
7.5.1. South America Market Size & Forecast, By Country
7.5.2. South America Market Size & Forecast, By Type
7.5.3. South America Market Size & Forecast, By Function
7.5.4. South America Market Size & Forecast, By Application
7.5.5. Brazil
7.5.5.1. Market Size and Forecast
7.5.6. Argentina
7.5.6.1. Market Size and Forecast
7.5.7. Rest of South America
7.5.7.1. Market Size and Forecast
7.6. Middle East & Africa Automated Storage & Retrieval System Market
7.6.1. Middle East & Africa Market Size & Forecast, By Country
7.6.2. Middle East & Africa Market Size & Forecast, By Type
7.6.3. Middle East & Africa Market Size & Forecast, By Function
7.6.4. Middle East & Africa Market Size & Forecast, By Application
7.6.5. GCC Countries
7.6.5.1. Market Size and Forecast
7.6.6. Egypt
7.6.6.1. Market Size and Forecast
7.6.7. South Africa
7.6.7.1. Market Size and Forecast
7.6.8. Rest of Middle East & Africa
7.6.8.1. Market Size and Forecast

8. Company Profile
8.1. Daifuku Co., Ltd.
8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
8.1.2. Daifuku Co., Ltd. Product Category, Application, and Specification
8.1.3. Daifuku Co., Ltd. Financial Performance (2015-2019)
8.1.4. Main Business/Business Overview
8.2. SSI Schäfer AG
8.3. Murata Machinery, Ltd.
8.4. Knapp AG
8.5. TGW Logistics Group GmbH
8.6. Kardex Group
8.7. Swisslog Holding AG
8.8. Mecalux, S.A.
8.9. Vanderlande Industries B.V.
8.10. System Logistics S.p.A.
8.11. Green Automated Solutions, Inc.
8.12. BEUMER Group GmbH & Co. KG
8.13. Dematic GmbH & Co. KG
8.14. Hänel GmbH & Co. KG
8.15. Westfalia Technologies, Inc.