The Automated Storage and Retrieval Systems (ASRS) Market size is estimated at USD 16.27 billion in 2023, and is expected to reach USD 27.50 billion by 2028, growing at a CAGR of 11.07% during the forecast period (2023-2028).
Automated storage and retrieval systems (ASRS) are computer- and robot-aided systems designed to retrieve or store items in specific locations. The system usually comprises predefined areas where machines can follow established routes to get items. These systems handle different volumes and types of non-palletized inventory at variable speeds to accommodate different throughput demands.
The growing presence of major manufacturers in the automated storage and retrieval sector is expected to intensify competitive rivalry during the forecast period. Market incumbents, such as Daifuku and Schaefer Systems International Pvt Ltd, considerably influence the overall market.
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