Automated Storage and Retrieval System (ASRS) Market Share, Size, Trends, Industry Analysis Report, By Type (Unit Load, Mid Load, VLM, Carousel, Mini Load, Others); By Industry; By Region; Segment Forecast, 2023 - 2032

Automated Storage and Retrieval System (ASRS) Market Share, Size, Trends, Industry Analysis Report, By Type (Unit Load, Mid Load, VLM, Carousel, Mini Load, Others); By Industry; By Region; Segment Forecast, 2023 - 2032

The global automated storage and retrieval system market size is expected to reach USD 1,6804.7 Million by 2032, according to a new study by Polaris Market Research. The report “Automated Storage and Retrieval System (ASRS) Market Share, Size, Trends, Industry Analysis Report, By Type (Unit Load, Mid Load, VLM, Carousel, Mini Load, Others); By Industry; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Automated Storage and Retrieval System (ASRS) market refers to the industry focused on providing automated solutions for the storage and retrieval of goods and materials within warehouses and distribution centers. ASRS technology is designed to improve the efficiency, accuracy, and productivity of inventory management and order fulfillment processes.

Several key factors have contributed to the growth of the AS/RS market. One of the primary drivers is the rising demand for space optimization. As urban areas become more congested, businesses are compelled to make the most out of limited storage spaces. AS/RS systems, with their ability to utilize vertical space efficiently, address this need perfectly. Additionally, the need for faster order fulfillment and accurate inventory tracking has led companies to invest in AS/RS technology. Automation not only reduces human errors but also accelerates the pace of operations, meeting the demands of the fast-paced market.

Another driving factor is the increasing labor costs. AS/RS systems significantly reduce dependency on manual labor for tasks such as picking and packing. As labor costs continue to rise in many parts of the world, businesses are turning to automation to maintain their competitiveness. Moreover, the advancements in technology, such as the integration of artificial intelligence and machine learning, have made AS/RS systems smarter and more adaptable to different warehouse environments, further fueling their adoption.

Furthermore, it emerged as a pivotal solution for modern warehouses and distribution centers, revolutionizing the way businesses handle inventory management. One of the driving factors behind the increasing demand for ASRS is the pressing need for efficient space utilization. Warehouses, particularly in urban environments, often need more resources in terms of available space. Traditional shelving and storage systems, though functional, often need to make the most of vertical space, due to inefficient use of the warehouse area.

The global trend toward e-commerce and rapid delivery services has intensified the demand for ASRS. Online retailers, in particular, face the challenge of managing vast inventories to meet customer demands swiftly and accurately. ASRS systems, equipped with advanced software and sensors, can swiftly identify, retrieve, and dispatch items, ensuring timely deliveries. This speed is paramount in the competitive e-commerce landscape, where customers expect fast shipping and accurate order fulfillment. ASRS not only meets these expectations but also enhances customer satisfaction, due to increased loyalty and repeat business.

Automated Storage and Retrieval System (ASRS) Market Report Highlights

In 2022, the unit load segment held the largest revenue share. By adopting Unit-Load ASRS systems, businesses can benefit from streamlined warehouse operations, heightened safety, space optimization, increased accuracy, and enhanced versatility. These systems have become invaluable assets in modern warehouse management strategies.

The e-commerce segment is expected to witness the fastest market during the forecast period. The exponential growth of online shopping has led to an increased demand for streamlined logistics solutions. ASRS, with its capacity to handle a diverse array of products and SKUs (Stock Keeping Units), effectively caters to the varied inventory needs of e-commerce businesses.

In 2022, North America dominated the largest market. The convergence of a robust retail sector, rapid e-commerce expansion, industry partnerships, and a focus on technological innovation makes North America a key player in the automation of storage and retrieval systems, which are crucial for modern supply chain and warehousing operations.

Major players operating in the global market are Beumer Group, Daifuku, Honeywell International Inc., Kardex, UNARCO Material Handling, Inc., KNAPP, Swisslog, Mecalux, Murata Machinery, Ltd, SSI Schaefer, System Logistics, TGW Logistics Group, Toyota Material Handling, Vanderlande, Witron.

Polaris Market Research has segmented the Automated Storage and Retrieval System (ASRS) market report based on type, industry, and region:

Automated Storage and Retrieval System (ASRS), Type Outlook (Revenue - USD Million, 2019 - 2032)

Unit Load

Mid Load

VLM

Carousel

Mini Load

Others

Automated Storage and Retrieval System (ASRS), Industry Outlook (Revenue - USD Million, 2019 - 2032)

Automotive

Metals & Heavy Machinery

Food & Beverages

Chemicals

Healthcare

Semiconductor & Electronics

Retail

Aviation

E-Commerce

Others

Automated Storage and Retrieval System (ASRS), Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa