The Business Research Company’s report on the Automated Storage and Retrieval System Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the automated storage and retrieval system market’s growth in recent years?
The increasing demand for automation is significantly driving the growth of the automated storage and retrieval system market. Automation refers to the application of technologies with minimal human intervention for producing and delivering goods and services. The majority of the industrial sectors are adopting automated systems such as automated storage and retrieval system to cut back errors, reduce repetitive tasks, and lower processing costs. The increasing demand for automation in the industries is directly promoting the increased use of automated storage and retrieval system. For instance, in August 2022, according to reports from Automation.com, a US-based media company, in 2022 69% of business leaders plan to adopt intelligent automation to address spiraling cost pressures caused by surging inflation and economic shocks. Which increased by 50% from 2020, and in the coming years, these numbers are expected to increase. Therefore, the increase in demand for automation is driving the growth of the automated storage and retrieval system market.
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How does the future projection of the automated storage and retrieval system market size compare to its historical growth?
The automated storage and retrieval system market size has grown strongly in recent years. It will grow from $10.42 billion in 2024 to $11.34 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increased focus on warehouse optimization and efficiency, growth in demand for e-commerce and online retail, need for labor cost reduction and workforce optimization, efficient space utilization in warehousing and distribution centers, rise in complexity of supply chain and inventory management.
The automated storage and retrieval system market size is expected to see strong growth in the next few years. It will grow to $15.94 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to demand for sustainable and eco-friendly warehousing solutions, expansion of industries requiring high-density storage (e.g healthcare, automotive), focus on safety and reduction of workplace accidents, market penetration in emerging economies and developing regions, customization and scalability of asrs solutions for various industries. Major trends in the forecast period include technological advancements in robotics and automation, goods-to-person systems, artificial intelligence (ai) and machine learning integration, real-time data analytics and reporting, shuttle systems for cold storage.
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Which key players are shaping the future of the automated storage and retrieval system market?
Major companies operating in the automated storage and retrieval system market include Schaefer Systems International Pvt. Ltd., Beumer Group, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Kardex Holding AG, Knapp AG, Murata Machinery Singapore Pte. Ltd., TGW Logistics Group, Swisslog Holding AG, Mecalux SA, System Logistics S.p.A., Vanderlande Industries, Westfalia Technologies Inc., KUKA Deutschland GmbH, Toyota Industries Corporation, Viastore Systems GmbH, Bastian Solutions LLC, Conveyor Handling Company Inc., Flexcon Company Inc., Frazier Industrial Company, Hanel Storage Systems, Interlake Mecalux Inc., Kasto Maschinenbau GmbH & Co. KG, KION Group AG, Raymond Corporation, SencorpWhite Inc., Stöcklin Logistik AG, Grey Orange Pte. Ltd., Vecna Robotics Inc., Fives S.A.S., ASYST Automation, Symbotic
What trends will propel the growth and evolution of the automated storage and retrieval system market?
Technological advancements are shaping the automated storage and retrieval system market. Major market players are developing advanced automated storage and retrieval systems with innovative technologies for industrial use to cut back errors, reduce repetitive tasks, and lower processing costs. For instance, in February 2024, Mecalux, a Spain-based storage system provider, launched 3D Automated Pallet Shuttle and Shuttle System. It is designed to enhance high-density storage solutions for pallets and boxes. The 3D Automated Pallet Shuttle features a multi-directional shuttle car that navigates within the storage channels and can change levels, providing maximum compactness, productivity, and flexibility in pallet storage systems. Meanwhile, the Shuttle System optimizes the entry and exit of boxes, expediting order picking and streamlining warehouse operations. Visitors will have the opportunity to explore these cutting-edge automated storage solutions firsthand.
Which regions are expected to become dominant players in the automated storage and retrieval system market?
Western Europe was the largest region in the automated storage and retrieval system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated storage and retrieval system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the emerging key segments in the automated storage and retrieval system market, and how are they evolving?
The automated storage and retrieval system market covered in this report is segmented –
1) By Type: Unit Load, Mid Load, Vertical Lift Module, Carousel, Mini Load
2) By Function: Distribution, Storage, Assembly, Kitting, Order Picking
3) By End User: Automotive, Semiconductor And Electronics, General Manufacturing, Retail And Warehousing or Logistics, Aviation, Chemicals, Rubber, And Plastics, Healthcare And Pharma, Food And Beverage, Postal And Parcel
Subsegments:
1) By Unit Load: Automated Storage Systems for Pallets, Automated Storage Systems for Large Items
2) By Mid Load: Automated Storage Systems for Medium-Sized Items, Automated Storage Systems for Cases and Containers
3) By Vertical Lift Module: Vertical Carousel Systems, Vertical Lift Storage Systems
4) By Carousel: Horizontal Carousels, Vertical Carousels
5) By Mini Load: Automated Storage Systems for Small Parts, Automated Storage Systems for Totes and Bins
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What defines the structure and scope of the automated storage and retrieval system market?
Automated storage and retrieval system refers to computer and robot-assisted systems that can retrieve goods or store them in particular places. The system is used to designate sites where machines can access goods by following predetermined paths. These systems optimize space utilization, reduce labor costs, and improve order fulfillment speed, making them essential for modern warehousing and logistics operations.
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