Automated Storage and Retrieval Systems (ASRS) Market Size Report 2028

Automated Storage and Retrieval Systems (ASRS) Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Unit Load ASRS, Mini Load ASRS, Vertical Lift Module, Vertical Carousels, Horizontal Carousels, AutoStore, and Others) and End-User Industry (Automotive, Food & Beverages, Electronic & Semiconductors, E-Commerce, Chemicals, Aerospace, Retail, Pharmaceuticals, and Others)

  • Report Code : TIPTE100000329
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 175
Buy Now

Automated Storage and Retrieval Systems (ASRS) Market Size Report 2028

Buy Now

The automated storage and retrieval systems (ASRS) market is projected to grow from US$ 2,724.27 million in 2022 to US$ 4,681.40 million by 2028; it is estimated to record a CAGR of 7.0% from 2022 to 2028.

An ASRS consists of several computer-controlled methods that enable the placement of loads and picking up a function of the load from a storage location. They best serve their purpose at places where high volumes of capacity need to be moved, stored, or retrieved more economically. These systems increase the storage density of loads and overcome the space constraint issues faced by several end users. These systems are used mainly at manufacturing sites, distribution centers, and institutions. ASRS helps in automatically bringing items directly to the operator. It can be operated as a standalone system or integrated into a linked system. Common operations of ASRS include consolidation, order picking, buffering, kitting, inventory storage, parts handling, and buffer storage. ASRS systems eliminate walk and search time, thereby increasing productivity and efficiency. Space-efficient ASRS systems also help reduce underutilized floor space by storing all the materials in one compact area, thus, providing larger storage capacity than shelving and racking in aisles. Furthermore, it helps reduce labor costs since the automation of processes reduces the involvement of several individuals, and it generally requires one person to operate such systems. 

The automated storage and retrieval systems (ASRS) market in North America is segmented into Canada, the US, and Mexico. The US accounted for the largest share in the automated storage and retrieval systems (ASRS) market in North America. Unavailability of cheap labor and growing automation in factories are mainly driving the automated storage and retrieval systems (ASRS) market in US. Additionally, the revival of the automotive industry owing to cheap gas prices has bolstered the demand for automated storage and retrieval systems (ASRS) in the automotive industry. Moreover, the aerospace industry has been continuously spending huge amounts on research and development, which comprises careful handling of fragile and critical spare parts and components. Owing to all these factors, the automated storage and retrieval systems (ASRS) market in the US is expected to grow during the forecast period.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Automated Storage and Retrieval Systems (ASRS) Market: Strategic Insights

Automated Storage and Retrieval Systems (ASRS) Market

  • CAGR (2022 - 2028)
    7.0%
  • Market Size 2022
    US$ 2.72 Billion
  • Market Size 2028
    US$ 4.68 Billion

Market Dynamics

GROWTH DRIVERS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
FUTURE TRENDS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
OPPORTUNITIES
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX

Key Players

  • Bastian Solutions, Inc.
  • Daifuku Co., Ltd.
  • KION GROUP AG
  • Kardex Group
  • Knapp AG
  • Mecalux, S.A.
  • SSI Schaefer Group
  • Swisslog Holding AG
  • System Logistics Spa

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Unit Load ASRS
  • Mini Load ASRS
  • Vertical Lift Module
  • Vertical Carousels
  • Horizontal Carousels
  • AutoStore
  • Others
End-User Industry
  • Automotive
  • Food & Beverages
  • Electronic & Semiconductors
  • E-Commerce
  • Chemicals
  • Aerospace
  • Retail
  • Pharmaceuticals
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Impact of COVID-19 Pandemic on North America Automated Storage and Retrieval Systems (ASRS) Market

North America is an early adopter of emerging technologies due to favorable government policies to boost innovation and reinforce infrastructure capabilities. According to MAERSK, the chemical industry was down by 3.1% in March 2020 compared to 2019. The automotive industry in North America has a potential influence on the country’s economy. Unfortunately, the US was one of the worst-affected countries due to the COVID-19 pandemic, and the crisis led to a cascading impact on multiple industries, which severely impacted automated storage and retrieval systems (ASRS) market. The operations of the automotive industry were put on hold, which hampered the business dynamics in the first half of 2020. In North America, a total of 43 states had lower auto exports in 2020 than in 2019. In March 2020, American Honda Motor Co., Inc. announced that it had halted North American production, due to which the company saw a production loss of ~40,000 vehicles. Disruption in the supply chain due to travel restrictions was limiting supply and production activities, including ASRS solutions, during the pandemic. All these factors negatively impacted the automated storage and retrieval systems (ASRS) market growth in North America during the pandemic.

Market Insights – Automated Storage and Retrieval Systems (ASRS) Market

Growing Demand for Cold Chain ASRS to Drive Automated Storage and Retrieval Systems (ASRS) Market Growth in Coming Years

ASRS allows storing more pallets in a smaller cubic area, which reduces energy operating costs used for refrigeration in cold storage. According to Gubba Cold Storage, ASRS enables the storage of more pallets in a smaller cubic area, which helps reduce the total energy cost on refrigeration. It further reduces the thermal transfer impact through the roof and wall area, thus, reducing energy consumption. Moreover, ASRS requires limited lighting; and it eliminates the need for large doors to be repetitively opened and closed for forklift access, which helps reduce energy consumption. Thus, adoption of ASRS in cold storage helps to reduce cost spend on energy which is propelling the demand for ASRS in cold storage. Furthermore, employee turnover in cold storage or freezer environments is generally higher compared to typical warehouses. Since all the pallet handling tasks are controlled automatically by ASRS in cold stores, it is not needed for the operational staff to work in a harsh cold environment. Furthermore, the staff employed in cold storage are required to take constant breaks from working in sub-zero conditions, which may reduce productivity and increase operational costs. Thus, growth in demand for cold chain ASRS will act as a trend in the automated storage and retrieval systems (ASRS) market in the future.

Automated Storage and Retrieval Systems (ASRS) Market Report Scope

Report Attribute Details
Market size in 2022 US$ 2.72 Billion
Market Size by 2028 US$ 4.68 Billion
Global CAGR (2022 - 2028) 7.0%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Type
  • Unit Load ASRS
  • Mini Load ASRS
  • Vertical Lift Module
  • Vertical Carousels
  • Horizontal Carousels
  • AutoStore
  • Others
By End-User Industry
  • Automotive
  • Food & Beverages
  • Electronic & Semiconductors
  • E-Commerce
  • Chemicals
  • Aerospace
  • Retail
  • Pharmaceuticals
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Bastian Solutions, Inc.
  • Daifuku Co., Ltd.
  • KION GROUP AG
  • Kardex Group
  • Knapp AG
  • Mecalux, S.A.
  • SSI Schaefer Group
  • Swisslog Holding AG
  • System Logistics Spa
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    End User Industry-Based Automated Storage and Retrieval Systems (ASRS) Market Insights

    Based on end user industry, the automated storage and retrieval systems (ASRS) market is segmented into automotive, food & beverages, electronic & semiconductors, e-commerce , chemicals, aerospace, retail, pharmaceuticals, and others. The market for the e-commerce segment is growing at a high pace, particularly in developing economies. ASRS enables the optimum utilization of space, which is one of the significant needs for any e-commerce company. E-commerce companies have to maintain a large inventory for the proper flow of goods and to meet the delivery time expected by their customers, making each shipping decision highly critical for these companies. ASRS aids in decreasing supervisory needs, thus, enabling efficiency and helping companies achieve faster deliveries. ASRS not only helps companies reduce labor costs as most of the work is automated but also minimizes the risk of product damage caused by human-related incidents. The rapid increase in the growth of e-commerce has resulted in a customer trend toward smaller orders, and companies are facing problems related to the cost of packing and shipping these smaller or single orders. ASRS enables companies to easily accommodate the increase in single orders while utilizing automation to decrease handling and packaging costs intensely. All these factors are driving the automated storage and retrieval systems (ASRS) market growth for the e-commerce segment.

    Players operating in the automated storage and retrieval systems (ASRS) market mainly adopt inorganic growth strategies to stay competitive in the automated storage and retrieval systems (ASRS) market ecosystem.

    • In December 2022, System Logistics Corporation and its division, System Logistics Vertique, expanded their operations in the US. SLC invested in expanding its presence in the US market by opening a new office in Atlanta, Georgia and hiring additional staff. Such strategic decisions enhance the company’s position in the automated storage and retrieval systems (ASRS) market.
    • In February 2020, Swisslog Holding AG received a major order from IKEA Supply Located at Malaysia. The distribution center is operated by Inter IKEA, and it would be its largest regional distribution center in APAC.  The distribution center would be equipped with a projected storage capacity of 192,800 cubic meters with Vectura pallet stacker cranes and Swisslog’s SynQ warehouse management system.

    Market players profiled in this report are:

    • Bastian Solutions, Inc.
    • Daifuku Co., Ltd.
    • KION GROUP AG
    • Kardex Group
    • Knapp AG
    • Mecalux, S.A.
    • SSI Schaefer Group
    • Swisslog Holding AG
    • System Logistics Spa
    • Vanderlande Industries
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type, and End-User Industry

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, UAE, UK, US

    Frequently Asked Questions


    What is the future trend for ASRS market?

    Integration of robotics is one of the major trends in the ASRS market.

    Who are the major vendors in the ASRS market?

    Bastian Solutions, Inc., Daifuku Co., Ltd., KION GROUP AG, Kardex Group, Knapp AG, Mecalux, S.A., SSI Schaefer Group, Swisslog Holding AG, System Logistics Spa, and Vanderlande Industries are the leading companies in the ASRS market.

    What are reasons behind ASRS market growth?

    Optimized and space efficient storage systems and its efficiency in supply chain augments the growth of the ASRS market.

    What are market opportunities for ASRS market?

    Increasing demand for automation in the e-commerce industry is creating growth opportunity for the market players operating into the market.

    Which region to dominate the ASRS market in the forecast period?

    The European region is estimated to dominate the ASRS market in 2021. The growth in Europe is attributed to the presence of several ASRS players in the region, coupled with a substantial customer base. Also, significant investments made by automotive players in the automated material handling equipment is driving the installation of ASRS. Even the cost of implementing automation is declining in Europe, along with the increase in labor costs.

    The List of Companies - Automated Storage and Retrieval System (ASRS) Market

    1. Bastian Solutions, Inc.
    2. Daifuku Co., Ltd.
    3. KION GROUP AG
    4. Kardex Group
    5. Knapp AG
    6. Mecalux, S.A.
    7. SSI Schaefer Group
    8. Swisslog Holding AG
    9. System Logistics Spa
    10. Vanderlande Industries

    Trends and growth analysis reports related to Electronics and Semiconductor : READ MORE..