Automated Storage and Retrieval System (ASRS) Market Size was valued at USD 8.38 billion in 2022 and is expected to reach USD 14.72 billion by 2030, growing at a CAGR of 7.3% over the forecast period 2023-2030.
Automatic storage and retrieval systems are commonly used in inventory facilities, distribution centers, and warehouses. They incorporate a variety of computer-controlled automated storage systems and carry loads from one location to another. These systems are used when high-volume loads will be transported from one location to another, as they help provide faster, more accurate, more reliable, and less expensive solutions.
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KEY DRIVERS:
ASRS demand is increasing in the e-commerce industry as a result of COVID-19.
Improved supply chain accuracy, productivity, and efficiency with improved inventory management using ASRS.
ASRS is becoming increasingly popular in the automotive industry.
RESTRAINTS:
Due to COVID-19, there is a shortage of skilled labor and technical expertise to manage system operations.
Large initial investments are required.
OPPORTUNITIES:
In Asia Pacific, there is a growing demand for cold chain systems.
CHALLENGES:
Offering industries flexible and scalable ASRS solutions.
Technical issues causing operational difficulties and increasing downtime.
COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption. The outbreak of COVID-19 has caused major changes around the world. Overall efforts to embrace the spread of the epidemic have changed daily customers' tendencies, usage patterns, and perceptions, which have given rise to domestic economic growth and improvements in internet management. The epidemic is rapidly changing consumer behavior on online channels. The online interest has expanded to a variety of classes, including basic, food and beverage, and drug, which are transmitted through non-communicative organizations. This has inspired the online, automotive, food, and beverage businesses. The interest in storage has grown as a result of the online application for a few items. A few international organizations set up new shares in various countries to commit to this expanded interest. Web-based goliaths, such as Amazon, Alibaba, and eBay, are boosting ASRS 'warehouse interest as they continue to set up new stock rooms around the world. The extended number of stocks requires the establishment of an MCQ for automatic storage and a retrieval system for formal stock management, recording, and acquisition management. Since COVID-19 hit the market in mid-2020 with the result of lockdowns in various countries, there has been a general trend of interest in various businesses.
By Type, the Automated Storage and Retrieval System (ASRS) Market is segmented into Unit Load, Mid Load, Mini Load, Carousel, and VLM. The ASRS unit load is used to store large-sized articles and provides real-time information on the list of words making them the most preferred type in a few industries compared to other ASRS variants. In addition, the ASRS unit load is an ASRS heavy load that enables accurate, efficient, secure, and stable handling of full pallets. A diverse range of applications for consumer goods, automotive, electronics, food and beverages, pharmaceuticals, and retail industries also contribute to market growth.
By Industry, the Automated Storage and Retrieval System (ASRS) Market is segmented into Metals & Heavy Machinery, Semiconductors & Electronics, Food & Beverages, Chemicals, Automotive, Healthcare, Retail, Aviation, E-commerce, and Others. The shift in demand for electric vehicles and autonomous vehicles has prompted car manufacturers to increase automotive production, which requires more spare parts for automotive. Vehicle suppliers should successfully manage large quantities of goods and variety and stock range. Also, these providers need to upgrade storage capacity within the available floor space. Therefore, automated storage and retrieval systems are increasingly being used to meet the requirements related to resource management.
BY TYPE
Unit Load
Mid Load
Mini Load
Carousel
VLM
BY INDUSTRY
Metals & Heavy Machinery
Semiconductor & Electronics
Food & Beverages
Chemicals
Automotive
Healthcare
Retail
Aviation
E-commerce
Others
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The presence of a large number of key players in the region, as well as a large number of customers, is among the major factors driving the ASRS market in Europe. The region has the highest operating costs; therefore, manufacturers in European countries have been using automated solutions to reduce overall operating costs. Utilizing these solutions helps producers maintain a competitive edge by facilitating the effective management of all inventory operations. In addition, the presence of large corporations with a global supply chain and distribution function, as well as the continued growth of the e-commerce sector drive ASRS market growth in Europe.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in the Automated Storage and Retrieval System (ASRS) Market are Kardex, SSI Schaefer, KION, Daifuku, Murata Machinery, TGW Logistics, KUKA, Knapp, Vanderlande Industries, Bastian Solution, Dematic, Swisslog Holding, Mecalux, System Logistics Corporation, Beumer Group & Other Players.
Daifuku-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 8.38 Billion |
| Market Size by 2030 | US$ 14.72 Billion |
| CAGR | CAGR of 7.3% From 2023 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2023-2030 |
| Historical Data | 2017-2020 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by type (Unit Load, Mid Load, Mini Load, Carousel, VLM) • by Industry (Metals & Heavy Machinery, Semiconductor & Electronics, Food & Beverages, Chemicals, Automotive, Healthcare, Retail, Aviation, E-commerce, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of the Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Kardex, SSI Schaefer, KION, Daifuku, Murata Machinery, TGW Logistics, KUKA, Knapp, Vanderlande Industries, Bastian Solution, Dematic, Swisslog Holding, Mecalux, System Logistics Corporation, Beumer Group, and others players. |
| Key Drivers | • ASRS demand is increasing in the e-commerce industry as a result of COVID-19. • Improved supply chain accuracy, productivity, and efficiency with improved inventory management using ASRS. • ASRS is becoming increasingly popular in the automotive industry. |
| Restraints | • Due to COVID-19, there is a shortage of skilled labor and technical expertise to manage system operations. • Large initial investments are required. |
The market value will be expected to reach USD 14.72 billion by 2030.
The key players in the Automated Storage and Retrieval System (ASRS) Market are Kardex, SSI Schaefer, KION, Daifuku, Murata Machinery, TGW Logistics, KUKA, Knapp, Vanderlande Industries, Bastian Solution, Dematic, Swisslog Holding, Mecalux, System Logistics Corporation, Beumer Group & Other Players.
Offering industries flexible and scalable ASRS solutions, Technical issues causing operational difficulties and increasing downtime.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Automated Storage and Retrieval System (ASRS) Market Segmentation, by type
8.1Introduction
8.2 Unit Load
8.3 Mid Load
8.4 Mini Load
8.5 Carousel
8.6 VLM
9. Automated Storage and Retrieval System (ASRS) Market Segmentation, by Industry
9.1 Introduction
9.2 Metals & Heavy Machinery
9.3 Semiconductor & Electronics
9.4 Food & Beverages
9.5 Chemicals
9.6 Automotive
9.7 Healthcare
9.8 Retail
9.9 Aviation
9.10 E-commerce
9.11 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11.Company Profiles
11.1 SSI Schaefer
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Kardex
11.3 KION
11.4 Daifuku
11.6 Murata Machinery
11.7 TGW Logistics
11.8 KUKA
11.9 Knapp
11.10 Vanderlande Industries
11.11 Bastian Solution
11.12 Dematic
11.13 Swisslog Holding
11.14 Mecalux
11.15 System Logistics Corporation
11.16 Beumer Group
11.18 Others
12.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13.Conclusion
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