PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1529067
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1529067
Automated Storage and Retrieval System Market - By System Type (Unit Load Cranes, Mini Load Cranes, Robotic Shuttle-based, Carousel-based, Vertical Lift Module, Robotic Cube-based), By Application, By Industry & Forecast, 2024 - 2032
Global Automated Storage and Retrieval System Market size will expand at an 8% CAGR from 2024 to 2032, fueled by the increasing demand for automation in line with ongoing innovations in robotics, artificial intelligence (AI), and software. Industries across sectors are adopting ASRS to optimize warehouse operations, enhance productivity, and reduce operational costs. These advancements enable efficient inventory management, faster order fulfillment, and improved accuracy, meeting the growing need for streamlined logistics solutions in a rapidly evolving global marketplace. As technologies continue to advance, ASRS systems will play a pivotal role in shaping the future of warehouse automation worldwide.
For instance, in July 2024, Rapyuta Robotics introduced its 'Rapyuta ASRS' in the U.S., offering advanced productivity for picking operations and flexible, scalable inventory storage solutions to adapt to changing business needs. By addressing these critical needs, Rapyuta Robotics' entry into the U.S. market is likely to stimulate competition and drive further innovation across the industry, benefiting businesses seeking to optimize their warehouse operations worldwide.
The automated storage and retrieval system industry is divided based on system type, application, industry, and region.
The order-picking segment will secure a noteworthy market presence through 2032, attributed to the demand for efficient and accurate order fulfillment processes. As e-commerce continues to surge, businesses are prioritizing systems that streamline picking operations to meet customer expectations for faster delivery. Automated systems offer advantages like reduced error rates and increased throughput, making them essential in modern warehouses. With advancements in robotics and software, the order-picking segment will maintain its dominance, catering to the evolving needs of industries worldwide.
The automotive segment will undergo a notable upturn by 2032 due to its stringent requirements for precision and efficiency in component handling and storage. With the automotive industry embracing automation to enhance manufacturing processes and supply chain management, automated storage systems offer benefits like inventory optimization and just-in-time delivery. As manufacturers seek to improve production efficiency and reduce costs, the automotive sector's demand for advanced storage and retrieval solutions will drive significant growth and innovation in the market.
Asia Pacific automated storage and retrieval system market will record a remarkable CAGR between 2024 and 2032, driven by rapid industrialization, infrastructural development, and the adoption of advanced technologies. Countries like China, Japan, and India are witnessing substantial investments in warehouse automation to optimize operations and meet growing consumer demand. With a robust manufacturing sector and increasing e-commerce activities, Asia Pacific will stand as a key contributor to the global automated storage and retrieval system industry, driving innovation and efficiency in warehouse management systems.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Component suppliers
- 3.2.2 ASRS manufacturers
- 3.2.3 System integrators
- 3.2.4 End-users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising number of warehouse fatalities and injuries
- 3.8.1.2 Proliferation of warehouse management technology
- 3.8.1.3 Rising need for reducing manual labor
- 3.8.1.4 Growing online retail and e-commerce industries
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial investment
- 3.8.2.2 Complexity of integration
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By System Type 2021 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Unit load cranes
- 5.3 Mini load cranes
- 5.4 Robotic shuttle-based
- 5.5 Carousel-based
- 5.6 Vertical lift module
- 5.7 Robotic cube-based
Chapter 6 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Assembly
- 6.3 Distribution
- 6.4 Kitting
- 6.5 Order picking
- 6.6 Storage
- 6.7 Others
Chapter 7 Market Estimates & Forecast, By Industry, 2021 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Retail & e-commerce
- 7.3 Healthcare
- 7.4 Automotive
- 7.5 Aerospace & defense
- 7.6 Electronics & semiconductors
- 7.7 Metals & heavy machinery
- 7.8 Others
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Belgium
- 8.3.7 Russia
- 8.3.8 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Southeast Asia
- 8.4.7 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Automation Logistics Corporation
- 9.2 Bastian Solutions
- 9.3 Beumer Group
- 9.4 Daifuku Co., Ltd.
- 9.5 Dematic
- 9.6 Egemin Automation
- 9.7 Kardex Group
- 9.8 Kion Group AG
- 9.9 Knapp AG
- 9.10 Mecalux, S.A.
- 9.11 Murata Machinery, Ltd.
- 9.12 Schaefer Systems International, Inc.
- 9.13 Storebest
- 9.14 Swisslog Holding AG
- 9.15 Symbotic LLC
- 9.16 System Logistics Corporation
- 9.17 TGW Logistics Group
- 9.18 Vanderlande Industries
- 9.19 Westfalia Technologies, Inc.
- 9.20 Witron Logistik + Informatik GmbH
