Automated Storage and Retrieval System Market Forecasts to 2030 - Global Analysis by Type (Unit Load Cranes, Mini Load Cranes, Robotic Shuttle-Based and Other Types), Category (Standalone and Integrated), Function, Technology, End User and By Geography

According to Stratistics MRC, the Global Automated Storage and Retrieval System Market is accounted for $9.5 billion in 2024 and is expected to reach $16.2 billion by 2030 growing at a CAGR of 9.3% during the forecast period. Computer-controlled systems for automatically placing and retrieving loads from predefined storage locations are known as automated storage and retrieval systems. By utilizing cutting-edge technologies, they increase the effectiveness of inventory management, lower labor costs, and improve space utilization. In order to improve efficiency, provide accurate inventory control, and streamline operations, automated storage and retrieval systems are widely used in a variety of industries, including manufacturing, warehousing, and distribution.

According to the U.S. Census Bureau's Annual Capital Expenditures Survey, companies in the warehousing and storage sector invested $32.1 billion in structures and equipment in 2021, a significant portion of which likely went towards automation technologies like ASRS.

Market Dynamics:

Driver:

Surge in online shopping

The rapid growth of e-commerce has significantly boosted demand for automated storage and retrieval systems. These systems enable efficient order fulfillment, inventory management, and space optimization, crucial for handling the high volume and variety of products in online retail. Automated storage and retrieval systems help e-commerce businesses meet customer expectations for fast delivery while reducing labor costs and errors. The ability to process orders quickly and accurately, even during peak periods, makes automated storage and retrieval systems an essential tool for companies striving to remain competitive in the fast-paced online retail environment.

Restraint:

Complex integration

Implementing an automated storage and retrieval system can be challenging due to its complex integration requirements. These systems often need to interface with existing warehouse management systems, enterprise resource planning software, and other logistics technologies. The integration process can be time-consuming, costly, and may require significant changes to existing workflows and infrastructure. Additionally, staff training and potential resistance to change can further complicate adoption, slowing market growth.

Opportunity:

Advancements in technology

Innovations in robotics, artificial intelligence, and machine learning are enhancing the capabilities of these systems, making them more efficient, flexible, and intelligent. AI-powered predictive analytics can optimize inventory placement and retrieval strategies. The integration of IoT sensors enables real-time monitoring and predictive maintenance. These advancements not only improve system performance but also expand the potential applications of automated storage and retrieval systems across various industries, driving growth.

Threat:

Cybersecurity risks

As automated storage and retrieval systems become increasingly connected and reliant on digital technologies, cybersecurity risks emerge as a significant threat. These systems often handle sensitive data related to inventory, operations, and sometimes customer information. A successful cyber attack could lead to operational disruptions, data breaches, or even physical damage to the system. The need for robust cybersecurity measures adds complexity and cost to implementation and maintenance. Concerns about these risks could potentially slow adoption, particularly in industries dealing with sensitive or regulated products.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted automated storage and retrieval system market growth due to supply chain issues and economic uncertainty. However, it subsequently accelerated adoption as businesses sought to enhance operational efficiency and reduce reliance on human labor. The pandemic highlighted the importance of automation in ensuring business continuity and meeting the surge in e-commerce demand, potentially driving long-term market growth.

The unit load cranes segment is expected to be the largest during the forecast period

The unit load cranes segment is expected to be the largest during the forecast period. Unit load cranes are capable of handling large, palletized loads efficiently. Their dominance in the market is driven by their versatility and ability to manage high-volume storage and retrieval operations in various industries, including manufacturing, retail, and logistics. These systems offer significant space savings, improved inventory accuracy, and reduced labor costs. As businesses increasingly focus on optimizing warehouse operations and maximizing storage density, the demand for unit load crane systems is expected to grow, particularly in industries dealing with large, standardized loads.

The standalone segment is expected to have the highest CAGR during the forecast period

The standalone segment is anticipated to have the highest CAGR during the forecast period. Standalone automated storage and retrieval system solutions are gaining traction due to their flexibility and scalability. These systems can be implemented without extensive modifications to existing warehouse infrastructure, making them attractive for businesses looking to gradually automate their operations. Standalone systems often offer quicker implementation times and lower initial investment compared to fully integrated solutions. The high growth rate of this segment reflects the increasing demand for adaptable, modular automation solutions that can evolve with changing business needs.

Region with largest share:

North America's dominance in the market is attributed to its advanced logistics infrastructure, high labor costs, and early adoption of automation technologies. The region's robust e-commerce sector and focus on operational efficiency drive demand for automated storage and retrieval system solutions. Major retailers and logistics providers in North America are increasingly investing in warehouse automation to improve competitiveness. Additionally, the presence of key vendors and a supportive regulatory environment for automation technologies contribute to the region's market leadership.

Region with highest CAGR:

The Asia Pacific region's rapid growth in the market is driven by several factors. The region's booming e-commerce sector, particularly in countries like China and India, is creating strong demand for efficient warehouse automation solutions. Rapid industrialization, rising labor costs, and government initiatives promoting smart manufacturing are fueling automated storage and retrieval system adoption across various industries. The region's large and growing consumer base, coupled with increasing urbanization, is putting pressure on supply chains to become more efficient, further driving the demand for automated storage and retrieval system technologies.

Key players in the market

Some of the key players in Automated Storage and Retrieval System market include Daifuku Co., Ltd., Murata Machinery, Ltd., SSI SCHAEFER Group, TGW Logistics Group GmbH, Kardex Holding AG, Dematic Corp., Swisslog Holding AG, Mecalux S.A., Honeywell International Inc., Exotec, OPEX Corporation, Toyota Industries Corporation, Bastian Solutions, Vanderlande Industries BV, KUKA AG, Knapp AG, System Logistics S.p.A., and Hairobotics.

Key Developments:

In March 2024, V-Markt Implements WAMAS Logistics Software from SSI SCHAEFER to efficiently manage V-Markt's wide range of products in the future. The new WMS solution not only meets current requirements, but also represents a forward-looking investment. The order was placed at the end of 2023, with a planned project start in March 2024 and a planned project acceptance in the first quarter of 2025.

In April 2023, Daifuku Co. Ltd, one of the global leaders in material handling systems, has announced a major expansion plan for its Indian subsidiary, Daifuku Intralogistics India Private Limited. Daifuku acquired Hyderabad-based Vega Conveyors & Automation in 2019 as part of their business expansion in India. After consolidating Vega and Daifuku India operations in 2022, the company now renamed the subsidiary to Daifuku Intralogistics India Private Limited.

Types Covered:

• Unit Load Cranes
• Mini Load Cranes
• Robotic Shuttle-Based
• Carousel-Based
• Vertical Lift Module
• Robotic Cube Based
• Automated Guided Vehicles
• Other Types

Categories Covered:

• Standalone
• Integrated

Functions Covered:

• Storage
• Order Picking
• Kitting
• Buffering
• Assembly
• Other Functions

Technologies Covered:

• Microprocessor Control
• PC Control
• Machine Vision
• Barcode and RFID Systems
• Wireless Technology
• Other Technologies

End Users Covered:

• Manufacturing
• Warehousing and Distribution
• Healthcare
• Aerospace
• Utilities
• Defense
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances