Automated Storage & Retrieval System Market by Type (Autostore, Carousel, Mid Load), Function (Assembly, Distribution, Kitting), Industry - Global Forecast 2024-2030
The Automated Storage & Retrieval System Market size was estimated at USD 10.68 billion in 2023 and expected to reach USD 11.77 billion in 2024, at a CAGR 10.25% to reach USD 21.16 billion by 2030.
An automated storage & retrieval system (AS/RS) is a technology-driven solution designed to optimize the storage and management of inventory within manufacturing facilities, distribution centers, and warehouses. AS/RS combines advanced hardware components such as high-speed automated guided vehicles (AGVs), cranes, conveyors, and robotics with software solutions that manage inventory control, order processing, and material handling. The rapid growth in eCommerce has surged the demand for efficient warehousing solutions to cater to increasing order volumes. However, The high initial cost of integrating automated storage and retrieval systems remains a primary barrier to adoption among small-scale enterprises. The lack of experienced professionals with expertise in operating complex robotic equipment acclimatizes another challenge faced by industries adopting ASRS technologies. In addition, adopting Industry 4.0 technologies is propelling businesses towards implementing smart factory concepts where ASRS plays a crucial role. The increasing emphasis on sustainability creates opportunities for environmentally friendly materials and energy-efficient systems within ASRS installations.
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- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing demand for automated storage and retrieval systems in the automotive industry
- 5.1.1.2. Optimum utilization of space and rise in labor costs
- 5.1.1.3. Increasing need for better inventory control with improved accuracy, productivity, and efficiency in the supply chain
- 5.1.2. Restraints
- 5.1.2.1. High initial investment requirement and need for technical expertise and periodic training
- 5.1.3. Opportunities
- 5.1.3.1. Emergence of automated storage and retrieval system in the e-Commerce industry
- 5.1.3.2. Development of advanced automated storage and retrieval system
- 5.1.4. Challenges
- 5.1.4.1. Issues with operational processes due to technical glitches result in increased downtime
- 5.2. Market Segmentation Analysis
- 5.2.1. Function: Emerging function of AS/RS systems in distribution and kitting
- 5.2.2. Type: Increasing adoption of carousel systems unit load AS/RS systems for efficient material handling
- 5.2.3. Industry: Significant use of AS/RS systems in the automotive and pharmaceutical industry
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Automated Storage & Retrieval System Market, by Type
- 6.1. Introduction
- 6.2. Autostore
- 6.3. Carousel
- 6.4. Mid Load
- 6.5. Mini Load
- 6.6. Unit Load
- 6.7. Vertical Buffer Module
- 6.8. Vertical Lift Module
- 7. Automated Storage & Retrieval System Market, by Function
- 7.1. Introduction
- 7.2. Assembly
- 7.3. Distribution
- 7.4. Kitting
- 7.5. Order Picking
- 7.6. Storage
- 8. Automated Storage & Retrieval System Market, by Industry
- 8.1. Introduction
- 8.2. Automotive
- 8.3. Aviation
- 8.4. Chemicals & Advance Materials
- 8.5. E-Commerce
- 8.6. Food & Beverages
- 8.7. Healthcare & Pharmaceutical
- 8.8. Metals & Heavy Machinery
- 8.9. Retail
- 8.10. Semiconductors & Electronics
- 9. Americas Automated Storage & Retrieval System Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Automated Storage & Retrieval System Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Automated Storage & Retrieval System Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Chang Industrial and Hai Robotics Combine to Launch Advanced Manufacturing Initiative
- 12.3.2. OSARO and Geek+ Partner to Integrate Robotic Warehouse Solutions
- 12.3.3. Prozo Becomes the First Indian 3PL Company to Deploy Mini-Load Automated Storage and Retrieval System (ASRS)
- 12.4. Strategy Analysis & Recommendation
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
- FIGURE 1. AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET RESEARCH PROCESS
- FIGURE 2. AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET DYNAMICS
- FIGURE 7. GLOBAL AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY FUNCTION, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY FUNCTION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY INDUSTRY, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY INDUSTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 22. AUTOMATED STORAGE & RETRIEVAL SYSTEM MARKET, FPNV POSITIONING MATRIX, 2023
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