Automated Storage & Retrieval System

Automated Storage & Retrieval System Market by Type (Autostore, Carousel, Mid Load), Function (Assembly, Distribution, Kitting), Industry - Global Forecast 2024-2030

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[194 Pages Report] The Automated Storage & Retrieval System Market size was estimated at USD 10.68 billion in 2023 and expected to reach USD 11.77 billion in 2024, at a CAGR 10.25% to reach USD 21.16 billion by 2030.

Automated Storage & Retrieval System Market
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An automated storage & retrieval system (AS/RS) is a technology-driven solution designed to optimize the storage and management of inventory within manufacturing facilities, distribution centers, and warehouses. AS/RS combines advanced hardware components such as high-speed automated guided vehicles (AGVs), cranes, conveyors, and robotics with software solutions that manage inventory control, order processing, and material handling. The rapid growth in eCommerce has surged the demand for efficient warehousing solutions to cater to increasing order volumes. However, The high initial cost of integrating automated storage and retrieval systems remains a primary barrier to adoption among small-scale enterprises. The lack of experienced professionals with expertise in operating complex robotic equipment acclimatizes another challenge faced by industries adopting ASRS technologies. In addition, adopting Industry 4.0 technologies is propelling businesses towards implementing smart factory concepts where ASRS plays a crucial role. The increasing emphasis on sustainability creates opportunities for environmentally friendly materials and energy-efficient systems within ASRS installations.

Automated Storage & Retrieval System Market - Global Forecast 2024-2030
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Function: Emerging function of AS/RS systems in distribution and kitting

In the assembly process, AS/RS systems ensure accurate and timely delivery of components to production lines. They reduce manual errors and increase productivity by automating the movement of parts from storage to assembly stations. Distribution centers rely on AS/RS systems to manage inventory efficiently and expedite order fulfillment while minimizing labor-intensive tasks. These systems enhance the organization's ability to handle increased demand during peak periods without compromising accuracy or customer satisfaction. AS/RS systems streamline kitting operations by automating product gathering, packaging, labeling, and tracking.

Type: Increasing adoption of carousel systems unit load AS/RS systems for efficient material handling

Autostore offers a compact, high-density storage solution utilizing robotic technology for optimal space utilization. This type of AS/RS is ideal for businesses looking to maximize storage capacity with limited floor space. Carousel systems consist of rotating shelves that deliver items automatically to an operator at their workstation. Mid-load AS/RS systems cater to mid-sized loads where space optimization is not a primary concern but requires rapid throughput rates. Mini-load AS/RS systems handle small-to-medium-sized loads with high throughput rates. Unit load AS/RS systems are ideal for organizations operating heavy pallets or large containers. These systems offer both storage optimization and efficient material handling capabilities.

Industry: Significant use of AS/RS systems in the automotive and pharmaceutical industry

Automated storage & retrieval systems (AS/RS) in the automotive sector have become critical for managing inventory, streamlining production processes, and reducing human error. The chemicals and advanced materials industry relies on AS/RS systems to safely store hazardous materials while maintaining stringent environmental regulations. In the food & beverage industry, hygiene, temperature control, and efficient space utilization are essential factors driving manufacturers' adoption of AS/RS systems. AS/RS solutions play a vital role in the healthcare and pharmaceutical industries by ensuring secure storage of medical supplies, medicines, and vaccines under regulated conditions. The metals and heavy machinery industry requires robust AS/RS solutions to handle large-scale components while maximizing warehouse space efficiency. Retailers are adopting AS/RS systems for efficient inventory management and faster order fulfillment at brick-and-mortar stores and distribution centers. The semiconductor and electronics industry requires precise AS/RS solutions to manage delicate components and maintain cleanroom environments.

Regional Insights

In the Americas, the United States and Canada, manufacturers have significant investments in AS/RS technology. The rise in eCommerce and an increasing need for efficient warehousing solutions have spurred demand in these countries. In the Asia-Pacific region, China's significant focus on automating its manufacturing and warehousing sectors has led to substantial investments in AS/RS technology. In Japan, where space constraints are challenging for warehousing solutions, advanced AS/RS technologies such as micro load systems are gaining popularity. Japan's Ministry of Economy instituted the Connected Industries Initiative to promote digital transformation within logistics and manufacturing sectors. The European Union is crucial in advancing AS/RS technology through research initiatives such as Horizon 2020. This program fosters technological advancements within the EU by combining resources from academia. In the Middle East & Africa region (MEA), trends show a growing interest in AS/RS systems due to increased industrialization and expanding logistics networks.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automated Storage & Retrieval System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automated Storage & Retrieval System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Chang Industrial and Hai Robotics Combine to Launch Advanced Manufacturing Initiative

    Chang Industrial and Hai Robotics have entered into a strategic partnership to deliver innovative turnkey solutions to manufacturers in North America. This partnership focuses on autonomous systems, workforce optimization, and improved information communication technology. The goal is to provide cost-effective supply chain technology that can respond in real-time, leveraging AI and machine learning. [Published On: 2023-07-14]

  • OSARO and Geek+ Partner to Integrate Robotic Warehouse Solutions

    OSARO partnered with Geek+ to streamline warehouse operations and enhance efficiency. With OSARO's pick-and-place robots seamlessly integrated into Geek+ systems, customers can easily implement their own automated storage and retrieval systems (ASRS). This integration provides businesses with a user-friendly and efficient solution, enabling them to optimize their warehouse processes. This partnership between OSARO and Geek+ brings together cutting-edge automation solutions, ensuring companies can manage their warehouse operations easily and efficiently. [Published On: 2023-05-18]

  • Prozo Becomes the First Indian 3PL Company to Deploy Mini-Load Automated Storage and Retrieval System (ASRS)

    Prozo has introduced a Mini-Load Automated Storage and Retrieval System (mini-load ASRS) in Hoskote, Karnataka. This collaboration with Craftsman Automation Limited signifies a significant milestone for an Indian 3PL company as it embraces cutting-edge technology in its supply chain operations. The primary objective of this integration is to provide storage solutions that optimize space utilization. [Published On: 2023-02-22]

Key Company Profiles

The report delves into recent significant developments in the Automated Storage & Retrieval System Market, highlighting leading vendors and their innovative profiles. These include Automation Logistics Corporation, Bastian Solutions, Inc., Beumer Group GmbH & Co KG, Daifuku Co., Ltd, Dematic Corporation, Ferretto Group SpA, Hänel GmbH & Co. KG, Jungheinrich AG, Kardex Group, Kion Group AG, KNAPP AG, KUKA AG, Mecalux, S.A., Murata Machinery, Ltd., Schaefer Systems International, Inc., Sencorp Inc., Swisslog Holding AG, System Logistics Corporation, TGW Logistics Group, and Vanderlande Industries B.V..

Market Segmentation & Coverage

This research report categorizes the Automated Storage & Retrieval System Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Autostore
    • Carousel
      • Horizontal Carousel
      • Vertical Carousel
    • Mid Load
    • Mini Load
    • Unit Load
    • Vertical Buffer Module
    • Vertical Lift Module
  • Function
    • Assembly
    • Distribution
    • Kitting
    • Order Picking
    • Storage
  • Industry
    • Automotive
    • Aviation
    • Chemicals & Advance Materials
    • E-Commerce
    • Food & Beverages
    • Healthcare & Pharmaceutical
    • Metals & Heavy Machinery
    • Retail
    • Semiconductors & Electronics

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Automated Storage & Retrieval System Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automated Storage & Retrieval System Market?
  3. What are the technology trends and regulatory frameworks in the Automated Storage & Retrieval System Market?
  4. What is the market share of the leading vendors in the Automated Storage & Retrieval System Market?
  5. Which modes and strategic moves are suitable for entering the Automated Storage & Retrieval System Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automated Storage & Retrieval System Market, by Type
  7. Automated Storage & Retrieval System Market, by Function
  8. Automated Storage & Retrieval System Market, by Industry
  9. Americas Automated Storage & Retrieval System Market
  10. Asia-Pacific Automated Storage & Retrieval System Market
  11. Europe, Middle East & Africa Automated Storage & Retrieval System Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 398]
  16. List of Companies Mentioned [Total: 20]
Unleashing the Potential of Automated Storage Retrieval System to Address Space Utilization and Labor Costs
October 6, 2023
Unleashing the Potential of Automated Storage Retrieval System to Address Space Utilization and Labor Costs
With the advancements in technology, industries have witnessed significant transformations in the way they operate. One such revolutionizing change is the implementation of automated storage retrieval systems (ASRS) that have revolutionized the storage and retrieval of goods in warehouses, distribution centers, and factories. The significance of ASRS cannot be overlooked, as these systems offer a dual solution for two prevalent industry challenges- optimizing space utilization and reducing labor costs. In this blog, we will analyze the scope of ASRS in addressing these crucial operational challenges and how it has transformed the supply chain and logistics industry.

Addressing Space Utilization Challenges:

One of the core advantages of ASRS is the optimum use of space. Racking systems in automated warehouses are designed to have a minimal amount of aisles compared to traditional warehouses, allowing for maximum space utilization. ASRS can operate with heights beyond the ability of humans, providing vertical space optimization. Besides, ASRS not only saves horizontal floor space but also makes optimal use of the air volume of the warehouse. With these capabilities, ASRS offers a comprehensive solution to address real estate and warehouse management issues, as it allows more products to be stored in the same space.

Reducing Labor Costs:

Another critical advantage of ASRS is the reduction in labor costs. Typically, traditional warehouses require a significant workforce to carry out the stocking, picking, and retrieving of products. However, ASRS can minimize human intervention by automating the complete process, resulting in reduced human error, increased productivity, and accuracy. With the implementation of ASRS, warehouse managers can lower their labor costs. Automation allows employees to work more consistently, eliminating possible errors that may occur during the operation. With reduced needs for manual labor, businesses can optimize their operations and reinvest their savings to improve other aspects of their supply chains.


The scalability of ASRS systems adds to their broad applicability, making them a multipurpose solution for businesses seeking to improve their supply chain. ASRS solutions are available in different configurations, and their scalability makes them operate seamlessly regardless of a company's size or scale of operations. An enterprise can start with small automated storage systems and then seamlessly expand to larger systems and functionalities as the business grows into a more complex operation.

Enhanced Inventory Management:

The introduction of ASRS has transformed inventory monitoring to a great extent. The implementation of automated goods-to-person picking in ASRS has mitigated the ‘strategic buffer inventory’ requirement. Buffer inventories aim to maintain stock levels in case of unforeseen circumstances. ASRS can analyze past inventory trends and forecast future demand to eliminate the need for buffer inventories and save businesses unnecessary carrying costs. Besides, the integration of ASRS with inventory management software has led to real-time inventory visibility, tracking and asset control, and considerable enhancement in inventory accuracy.

Improved Customer Service:

Since ASRS allows for the quick movement of the product, the overall order fulfillment gets faster. Faster delivery of products translates into better customer satisfaction and increased customer loyalty. The ASRS systems allow for prompt fulfillment of orders and efficient communication between the supply chain facilities and delivery systems, making businesses more agile and responsive to their customers' needs.

Automated storage retrieval systems (ASRS) have transformed the dynamics of warehousing and distribution by offering a solution to two of the most significant industry challenges- rising labor costs and the optimization of space. With the implementation of ASRS systems, businesses have been able to scale their supply-chain operations and enhance their efficiency, resulting in better customer service, profitability, and productivity. As the world is continually evolving, the scope of automation in supply chain management continues to grow, making ASRS a valuable solution for businesses. With the multifold benefits of ASRS, the future of the logistics industry is set to undergo exciting transformations for years to come.

Frequently Asked Questions
  1. How big is the Automated Storage & Retrieval System Market?
    Ans. The Global Automated Storage & Retrieval System Market size was estimated at USD 10.68 billion in 2023 and expected to reach USD 11.77 billion in 2024.
  2. What is the Automated Storage & Retrieval System Market growth?
    Ans. The Global Automated Storage & Retrieval System Market to grow USD 21.16 billion by 2030, at a CAGR of 10.25%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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