Automated Storage And Retrieval System Market, By Application, By Load, By End Use, By Geography

Description

The automated storage and retrieval system market is estimated to be valued at US$ 9.30 Bn in 2024 and is expected to reach US$ 15.66 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 9.30 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	7.70%	2031 Value Projection:	US$ 15.66 Bn

Figure. Automated Storage And Retrieval System Market Share (%), By Region, 2024

Automated Storage And Retrieval System Market - IMG1

The automated storage and retrieval system market has been growing steadily over the past decade owing to various technological advancements and growing adoption across different industries. Automated storage and retrieval systems, also known as AS/RS, are computer-controlled systems that are used for automatically storing and retrieving loads from defined storage locations. These systems have immense benefits over conventional manual storage systems as they provide higher density to optimize warehouse space utilization, greater accuracy in order picking, faster throughput, and higher productivity. Growing demand for automation from industries such as e-commerce, 3PL, and manufacturing has propelled the adoption of AS/RS. Moreover, the demand for scalable and flexible warehousing solutions that can efficiently manage high inventory turns has boosted the market growth over the past few years.

Market Dynamics:

The global automated storage and retrieval system market is driven by the growing demand from the e-commerce industry. The proliferating e-commerce sector has led to increasing warehousing needs that require highly efficient order processing and inventory management systems, fueling the adoption of AS/RS. Reduction in operational costs through higher throughput, improved accuracy, and labor savings provided by AS/RS is a key factor propelling their demand. However, high initial investment costs associated with automated storage and retrieval system deployment remains a key market restraint. Ongoing technological advancements in AS/RS hardware and software offering increased scalability, flexibility and ease of integration presents a significant growth opportunity for market players.

Key Features of the Study:

This report provides an in-depth analysis of the global automated storage and retrieval system market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global automated storage and retrieval system market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Honeywell International Inc, Murata Machinery Ltd, SSI Schaffer Group, Hairobotics, Exotec, Opex Corporation, Toyota Industries Corporation, Bastian Solutions, Vanderland Industries BV, Swisslog Holdings AG, Kardex, Autostore Holdings Ltd., Kuka Ag, Knapp AG, and Daifuku Co LtdSystem Logistics S P A.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global automated storage and retrieval system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automated storage and retrieval system market.

Detailed Segmentation-

By Application
- Storage
- Order Picking
- Kitting
- Buffering
- Others
By Load
- Unit Load
- Mid Load
- VLM
- Carousel
- Mini Load
By End Use
- Automotive
- Semiconductor and Electronics
- General Manufacturing
- Retail and Warehousing Logistics
- Aviation
- Chemicals
- Rubber and Plastics
- Healthcare
- Food and Beverage
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players Insights
- Honeywell International Inc
- Murata Machinery Ltd
- SSI Schaffer Group
- Hairobotics
- Exotec
- Opex Corporation
- Toyota Industries Corporation
- Bastian Solutions
- Vanderland Industries BV
- Swisslog Holdings AG
- Kardex
- Autostore Holdings Ltd.
- Kuka Ag
- Knapp AG
- Daifuku Co LtdSystem Logistics S P A

Product Code: CMI5451

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Application
- Market Snippet, By Load
- Market Snippet, By End Use
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of the COVID-19 Pandemic

4. Global Automated Storage and Retrieval System Market, By Application, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Storage
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Order Picking
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Kitting
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Buffering
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Automated Storage and Retrieval System Market, By Load, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Unit Load
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Mid Load
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
VLM
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Carousel
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Mini Load
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Automated Storage and Retrieval System Market, By End use, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Semiconductor and Electronics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
General Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Retail and Warehousing Logistics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Aviation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Chemicals
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Rubber and Plastics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Food and Beverage
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

7. Global Automated Storage and Retrieval System Market, By Region, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Load, 2019-2031, (US$ Billion)
- Market Size and Forecast, By End Use, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.S.
  - Canada
  - Europe
- Regional Trends
- Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Load, 2019-2031, (US$ Billion)
- Market Size and Forecast, By End Use, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.K.
  - Germany
  - Italy
  - France
  - Russia
  - Rest of Europe
  - Asia Pacific
- Regional Trends
- Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Load, 2019-2031, (US$ Billion)
- Market Size and Forecast, By End Use, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - China
  - India
  - ASEAN
  - Australia
  - South Korea
  - Japan
  - Rest of Asia Pacific
  - Latin America
- Regional Trends
- Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Load, 2019-2031, (US$ Billion)
- Market Size and Forecast, By End Use, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Application, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Load, 2019-2031, (US$ Billion)
- Market Size and Forecast, By End Use, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - GCC Countries
  - South Africa
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Honeywell International Inc
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Murata Machinery Ltd
- SSI Schaffer Group
- Hairobotics
- Exotec
- Opex Corporation
- Toyota Industries Corporation
- Bastian Solutions
- Vanderland Industries BV
- Swisslog Holdings AG
- Kardex
- Autostore Holdings Ltd.
- Kuka Ag
- Knapp AG
- Daifuku

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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