The global Automated Storage and Retrieval System (ASRS) Market size was estimated at USD 9760 million in 2024 and is projected to reach USD 17500.7 million in 2031 at a CAGR of 8.7 % during the forecast period 2025-2031.
Automated Storage and Retrieval Systems (ASRS) are advanced solutions designed to automatically store and retrieve goods within warehouses or distribution centers, reducing the need for manual labor and enhancing operational efficiency.
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North America to Dominate the Market
- North America is leading the automated storage and retrieval systems (AS/RS) market, holding a significant market share. The region’s growth can be attributed to its high adoption rate of advanced technologies across various industries.
- The automated storage and retrieval systems market in the U.S. is experiencing growth due to labor shortages and rising wages. These challenges are prompting companies to turn to automation for their storage and retrieval processes.
- The Asia Pacific region is expected to witness the fastest growth in the automated storage and retrieval systems market. The region’s ongoing economic expansion, particularly in countries like India and various ASEAN nations, is driving the increased presence of international manufacturing companies.
Recent Developments
- In November 2024, Kardex teamed up with Douglas Pharmaceuticals Limited to install New Zealand’s first AutoStore system. This advanced automated storage and retrieval system boosts storage efficiency and drives innovation.
- In October 2024, SSI SCHAEFER collaborated with ALP to provide infrastructure for OMEGA 1 Bukit Raja, a smart warehouse featuring a high-bay racking system. Located in Selangor, Malaysia, this facility will become the largest automated warehouse in Southeast Asia, spanning 1.8 million square feet.
Top Key Competitors of Automated Storage and Retrieval System (ASRS) Market
- Dematic (KION GROUP AG)
- Daifuku Co., Ltd.
- Kardex
- Murata Machinery, Ltd.
- SSI SCHAEFER Group
- TGW
- Mecalux, S.A.
- KNAPP AG
- BEUMER Group
- KUKA AG
- Bastian Solutions, LLC
- System Logistics S.p.A and More
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Experts in the Automated Storage and Retrieval System (ASRS) Market highlight several key trends driving growth and innovation. The Automated Storage and Retrieval System (ASRS) market involves advanced automation technologies designed to store and retrieve goods efficiently within warehouses, distribution centers, and manufacturing facilities.
ASRS is widely used across industries like retail, e-commerce, manufacturing, and healthcare to improve inventory management, order fulfillment, and material handling. The market is driven by the need for increased operational efficiency, reduced labor costs, and faster order processing, particularly in the growing e-commerce sector. Key trends include the integration of AI and IoT for enhanced performance, a shift toward flexible and scalable systems, and a focus on sustainability.
Automated Storage and Retrieval System (ASRS) Market Segmentations:
Based on Type
- Unit Load Cranes
- Mini Load Cranes
- Robotic Shuttle Based
- Carousel Based
- Vertical Lift Module
- Robotic Cube Based
Based on Function
- Assembly
- Distribution
- Kitting
- Order Picking
- Storage
- Others
Based on Vertical
- Retail & E-commerce
- Healthcare
- Automotive
- Aerospace & Defense
- Electronics & Semiconductors
- Others
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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