The automated storage and retrieval system market size was valued at $7,351 million in 2019 and is projected to reach $12,928 million by 2027, growing at a Compound Annual Growth Rate (CAGR) of 7.2% from 2020 to 2027. Automated storage & retrieval systems are inventory management systems commonly used in manufacturing centers, distribution facilities, and warehouses. They consist of a variety of computer-controlled systems for automatically placing and retrieving loads from one site to another. These systems are used where high-volume loads are to be moved from one location to another, as they help provide quick, accurate, reliable, and low-cost solutions.
Unit load automated storage and retrieval systems are widely used in automotive, food & beverages, chemicals, e-commerce, semiconductors & electronics, and healthcare industries owing to accurate, safe, and stable handling of large items. The automated storage & retrieval system manufacturers aim to develop automated storage and retrieval systems with maximized storage capacity, increased performance, reduced energy costs, and increased inventory accuracy and customer service. To cite an instance, Dematic Group launched mini-load AS/RS, which provides increased performance in the automated storage and handling of products in distribution centers and raw material stores, and these are specially designed for ultra-high-speed load handling.
The scope of automated storage retrieval systems market forecast is classified by type of ASRS product, function of ASRS systems, and industry verticals. Maximized storage capacity, increased warehouse efficiency, lower energy consumption, less waste, and lower maintenance costs, and potential lifespan of 20–25+ years drive the growth of automated storage & retrieval systems. In addition, surge in applications of mini-load and shuttle AS/RS in e-commerce industry owing to simplified ordering process fuels the growth of AS/RS systems. For example, when a customer purchases an item, the system automatically creates a picking ticket, thereby reducing the time required for order fulfilment.
The adoption of automated systems has multiplied significantly with the increase in need for automation in all industrial sectors. Organizations are inclining toward adopting automation solutions to automate their processes to deliver high-quality products, increase their manufacturing capabilities, serve customers better, and efficiently manage their processes. This factor further strengthens the growth of the automated storage and retrieval system market share.
North America dominated the global automated storage and retrieval system market in 2019 and is expected to retain its position in the next few years. The growth of the region is attributed to the presence of a key market players, such as Microsoft Corporation, IBM Corporation, Amazon web services, and others. Moreover, rise in adoption of big data technologies among organizations to enhance the consumer target marketing and risk management abilities is expected to boost the growth of the automated storage and retrieval system market.
The report focuses on the growth prospects, restraints, and market analysis. The study provides Porter’s five forces analysis of the automated storage and retrieval system industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the market.
The automated storage and retrieval system market is segmented into type, function, industry vertical, and region. On the basis of type, it is classified into autostore, carousel, mid load, mini load, unit load, and vertical lift module. On the basis of function, it is divided into on- assembly, distribution, kitting, order picking, storage, and others. By industry vertical, it is segregated into aviation, automotive, chemicals, retail & e-commerce, food & beverages, healthcare, metals & heavy machinery, semiconductors & electronics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the automated storage and retrieval system market analysis include Bastian Solutions, Inc., Beumer Group, Daifuku Co., Ltd., Dematic, Honeywell Intelligrated, Kardex Group, KNAPP AG, Murata Machinery, Ltd., SSI Schaefer Group, and TGW Logistics Group.
The surge in demand for ASRS in manufacturing industry is a major factor expected to drive the growth of the market. This is attributed to ASRS benefits in manufacturing facilities such as highly dense storage that save up to 85% of floor space. Moreover, rise in need to reduce labor costs and achieve optimum utilization of space and increase in implementation of ASRS in distribution supply chain and inventory management are some of the other factors expected to drive the automated storage and retrieval system market growth in the coming years.
However, ASRS systems require high initial investment and are difficult to customize once implemented, which limits their use in changing manufacturing industries. This limits the market growth. Furthermore, rise in awareness regarding ASRS in industries, such as automotive and electronics, where precision and accuracy play a major role, use automated systems to meet international quality standards is further expected to create significant growth opportunities for the growth of the automated storage and retrieval system market.
Aviation industry have recognized the need for ASRS mainly in manufacturing for applications such as production, distribution, and inventory management. Thus, retrofitting a manufacturing facility has proliferated the demand of ASRS over the past decade. Currently, increase in production volume of manufacturing sector due to growth in consumption value of individuals has compelled various industries such as packaging and delivery to opt for ASRS products at a higher rate. For example, the impact of e-commerce and omni-channel delivery has significantly been managed through ASRS system such as Shuttle and Bot-based AS/RS and Carousel-based AS/RS (Vertical, Horizontal, and Robotic). The use of ASRS has helped this industry with benefits such as heavy load shuttles integrated with workstation to optimize floor space and speed delivery.
| Report Metric |
Details |
| Report Name |
Automated Storage and Retrieval System (AR/RS) Market |
| The market size in 2019 |
USD 7,351 Million |
| The revenue forecast in 2027 |
USD 12,928 Million |
| Growth Rate |
Compound Annual Growth Rate (CAGR) of 7.2% from 2021 to 2027 |
| Market size available for years |
2021-2027 |
| Forecast units |
Value (USD) |
| Segments covered |
Type, Function, and Industry Vertical, Regions |
| Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
| Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Ans. The automated storage and retrieval system market size was valued at $7,351 million in 2019 and is projected to reach $12,928 million by 2027, growing at a Compound Annual Growth Rate (CAGR) of 7.2% from 2020 to 2027.
Ans. Growing demand for AS/RSs in e-commerce due to the onset of COVID-19 is expected to drive the automated storage and retrieval system market. In recent years, the e-commerce industry has exploded.
Ans. By Industry Vertical, Automotive is projected as one of the most significant segments.
Ans. North America dominated the global automated storage and retrieval system market in 2019
Ans. The top companies operating in the automated storage and retrieval system market analysis include Bastian Solutions, Inc., Beumer Group, Daifuku Co., Ltd., Dematic, Honeywell Intelligrated, Kardex Group, KNAPP AG, Murata Machinery, Ltd., SSI Schaefer Group, and TGW Logistics Group.
Ans. Yes, the report includes a COVID-19 impact analysis. Also, it is further extended into every individual segment of the report.
Table of Content
CHAPTER 1:INTRODUCTION
1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS
1.4.RESEARCH METHODOLOGY
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.KEY FINDINGS
2.1.1.Top impacting factors
2.1.2.Top investment pockets
2.2.CXO PERSPECTIVE
CHAPTER 3:MARKET OVERVIEW
3.1.MARKET DEFINITION AND SCOPE
3.2.PORTER’S FIVE FORCES ANALYSIS
3.2.1.Moderate-To-High bargaining power of suppliers
3.2.2.Moderate-To-High bargaining power of buyers
3.2.3.Low-To-High threat of substitutes
3.2.4.Moderate threat of new entrants
3.2.5.Moderate-To-High competitive rivalry
3.3.CASE STUDIES
3.3.1.Dagab AB with Daifuku AS/RS increases storage capacity
3.3.2.Toshiba implemented a Dematic Modular Goods-to-Person (mGTP) system
3.3.3.SMC Corporation consolidates and streamlines operations with Bastian Solutions, Inc.
3.4.MARKET DYNAMICS
3.4.1.Drivers
3.4.1.1.Surge in demand for ASRS in Aviation industry
3.4.1.2.Rise in need to reduce costs and achieve optimum utilization of space
3.4.1.3.Increase in implementation of ASRS in distribution supply chain and inventory management
3.4.2.Restraints
3.4.2.1.Huge initial investment and difficult to customize
3.4.2.2.Scarcity of skilled labor and technical expertise
3.4.3.Opportunities
3.4.3.1.Increase in automation in e-commerce across the globe
3.4.3.2.Growth of Aviation industry in Asia-pacific region
3.5.IMPACT OF GOVERNMENT REGULATIONS ON THE BIG DATA AUTOMATED STORAGE AND RETRIEVAL SYSTEM MARKET
3.6.EVOLUTION OF AUTOMATED STORAGE AND RETRIEVAL SYSTEMS INDUSTRY
CHAPTER 4:AUTOMATED STORAGE AND RETRIEVAL SYSTEM MARKET, BY TYPE
4.1.OVERVIEW
4.2.AUTOSTORE
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.CAROUSEL
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
4.4.MID LOAD
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country
4.5.MINI LOAD
4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country
4.6.UNIT LOAD
4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis, by country
4.7.VERTICAL LIFT MODULE
4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast, by region
4.7.3.Market analysis, by country
CHAPTER 5:AUTOMATED STORAGE AND RETRIEVAL SYSTEM MARKET, BY FUNCTION
5.1.OVERVIEW
5.2.ASSEMBLY
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.DISTRIBUTION
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
5.4.KNITTING
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country
5.5.ORDER PICKING
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country
5.6.STORAGE
5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis, by country
5.7.OTHERS
5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast, by region
5.7.3.Market analysis, by country
CHAPTER 6:AUTOMATED STORAGE AND RETRIEVAL SYSTEM MARKET, BY INDUSTRY VERTICAL
6.1.OVERVIEW
6.2.AVIATION
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country
6.3.AUTOMOTIVE
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country
6.4.CHEMICALS
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country
6.5.RETAIL & E-COMMERCE
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country
6.6.FOOD & BEVERAGES
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country
6.7.HEALTHCARE & PHARMACEUTICALS
6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market analysis, by country
6.8.METALS & HEAVY MACHINERY
6.8.1.Key market trends, growth factors, and opportunities
6.8.2.Market size and forecast, by region
6.8.3.Market analysis, by country
6.9.SEMICONDUCTORS & ELECTRONICS
6.9.1.Key market trends, growth factors, and opportunities
6.9.2.Market size and forecast, by region
6.9.3.Market analysis, by country
6.10.OTHERS
6.10.1.Key market trends, growth factors, and opportunities
6.10.2.Market size and forecast, by region
6.10.3.Market analysis, by country
CHAPTER 7:AUTOMATED STORAGE AND RETRIEVAL SYSTEM MARKET, BY REGION
7.1.OVERVIEW
7.2.NORTH AMERICA
7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by function
7.2.4.Market size and forecast, by industry vertical
7.2.5.Market analysis, by country
7.2.5.1.U.S.
7.2.5.1.1.Market size and forecast, by type
7.2.5.1.2.Market size and forecast, by function
7.2.5.1.3.Market size and forecast, by industry vertical
7.2.5.2.Canada
7.2.5.2.1.Market size and forecast, by type
7.2.5.2.2.Market size and forecast, by function
7.2.5.2.3.Market size and forecast, by industry vertical
7.3.EUROPE
7.3.1.Key market trends, growth factors and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by function
7.3.4.Market size and forecast, by industry vertical
7.3.5.Market analysis, by country
7.3.5.1.Germany
7.3.5.1.1.Market size and forecast, by type
7.3.5.1.2.Market size and forecast, by function
7.3.5.1.3.Market size and forecast, by industry vertical
7.3.5.2.UK
7.3.5.2.1.Market size and forecast, by type
7.3.5.2.2.Market size and forecast, by function
7.3.5.2.3.Market size and forecast, by industry vertical
7.3.5.3.France
7.3.5.3.1.Market size and forecast, by type
7.3.5.3.2.Market size and forecast, by function
7.3.5.3.3.Market size and forecast, by industry vertical
7.3.5.4.Rest of Europe
7.3.5.4.1.Market size and forecast, by type
7.3.5.4.2.Market size and forecast, by function
7.3.5.4.3.Market size and forecast, by industry vertical
7.4.ASIA-PACIFIC
7.4.1.Key market trends, growth factors and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by function
7.4.4.Market size and forecast, by industry vertical
7.4.5.Market analysis, by country
7.4.5.1.China
7.4.5.1.1.Market size and forecast, by type
7.4.5.1.2.Market size and forecast, by function
7.4.5.1.3.Market size and forecast, by industry vertical
7.4.5.2.India
7.4.5.2.1.Market size and forecast, by type
7.4.5.2.2.Market size and forecast, by function
7.4.5.2.3.Market size and forecast, by industry vertical
7.4.5.3.Japan
7.4.5.3.1.Market size and forecast, by type
7.4.5.3.2.Market size and forecast, by function
7.4.5.3.3.Market size and forecast, by industry vertical
7.4.5.4.Rest of Asia-Pacific
7.4.5.4.1.Market size and forecast, by type
7.4.5.4.2.Market size and forecast, by function
7.4.5.4.3.Market size and forecast, by industry vertical
7.5.LAMEA
7.5.1.Key market trends, growth factors and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by function
7.5.4.Market size and forecast, by industry vertical
7.5.5.Market analysis, by country
7.5.5.1.Latin America
7.5.5.1.1.Market size and forecast, by type
7.5.5.1.2.Market size and forecast, by function
7.5.5.1.3.Market size and forecast, by industry vertical
7.5.5.2.Middle East
7.5.5.2.1.Market size and forecast, by type
7.5.5.2.2.Market size and forecast, by function
7.5.5.2.3.Market size and forecast, by industry vertical
7.5.5.3.Africa
7.5.5.3.1.Market size and forecast, by type
7.5.5.3.2.Market size and forecast, by function
7.5.5.3.3.Market size and forecast, by industry vertical
CHAPTER 8:COMPETITIVE LANDSCAPE
8.1.KEY PLAYER POSITIONING
8.2.TOP WINNING STRATEGIES
8.3.COMPETITIVE DASHBOARD
8.4.HEATMAP OVERVIEW
8.5.KEY DEVELOPMENTS
8.5.1.New product launches
8.5.2.Partnership
8.5.3.Acquisition
8.5.4.Collaboration
8.5.5.Business Expansion
CHAPTER 9:COMPANY PROFILES
9.1.BASTIAN SOLUTIONS, INC.
9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Product portfolio
9.1.5.Key strategic moves and developments
9.2.BEUMER GROUP
9.2.1.Company overview
9.2.2.Key executives
9.2.3.Company snapshot
9.2.4.Product portfolio
9.2.5.Key strategic moves and developments
9.3.DAIFUKU CO., LTD.
9.3.1.Company overview
9.3.2.Key executives
9.3.3.Company snapshot
9.3.4.Product portfolio
9.3.5.R&D expenditure
9.3.6.Business performance
9.3.7.Key strategic moves and developments
9.4.DEMATIC
9.4.1.Company overview
9.4.2.Key executives
9.4.3.Company snapshot
9.4.4.Operating business segments
9.4.5.Product portfolio
9.4.6.R&D expenditure
9.4.7.Business performance
9.4.8.Key strategic moves and developments
9.5.HONEYWELL INTELLIGRATED
9.5.1.Company overview
9.5.2.Key executives
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.R&D expenditure
9.5.7.Business performance
9.5.8.Key strategic moves and developments
9.6.KARDEX GROUP
9.6.1.Company overview
9.6.2.Key executives
9.6.3.Company snapshot
9.6.4.Product portfolio
9.6.5.R&D expenditure
9.6.6.Business performance
9.6.7.Key strategic moves and developments
9.7.KNAPP AG
9.7.1.Company overview
9.7.2.Key executives
9.7.3.Company snapshot
9.7.4.Product portfolio
9.7.5.Key strategic moves and developments
9.8.MURATA MACHINERY, LTD.
9.8.1.Company overview
9.8.2.Key executives
9.8.3.Company snapshot
9.8.4.Product portfolio
9.8.5.Key strategic moves and developments
9.9.SSI SCHAEFER
9.9.1.Company overview
9.9.2.Key executives
9.9.3.Company snapshot
9.9.4.Product portfolio
9.9.5.Key strategic moves and developments
9.10.TGW LOGISTICS GROUP
9.10.1.Company overview
9.10.2.Key executives
9.10.3.Company snapshot
9.10.4.Product portfolio
9.10.5.Key strategic moves and developments
List of Tables & Figures
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