Automated Storage & Retrieval System (ASRS) Market is expected to increase at a compound annual growth rate (CAGR) of 8.5% from 2025 to 2035
The Automated Storage & Retrieval System
(ASRS) market was
estimated to be worth USD 7.6 billion in 2024 and is expected to grow at a
compound annual growth rate (CAGR) of 8.5% to reach USD 18.6 billion in 2035.
Automated storage and retrieval systems (ASRS) increase operational efficiency
by lowering labor costs and minimizing human error.
Automated
storage and retrieval systems (AS/RS) are robot and computer-assisted systems
that can store or retrieve goods in designated areas. Typically, the system
consists of predetermined sites where machines can obtain products by following
predetermined paths. They encompass a variety of technologies, such as shuttle
and crane-based lifts, load-based ASRS, vertical lifts, and carousel-based
lifts.
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GROWTH
DRIVERS
The need for
effective and scalable storage solutions, such as ASRS, to manage large
inventory volumes and guarantee quick order fulfillment is being driven by the
e-commerce industry's explosive expansion. Shopify projects that global
e-commerce revenues will reach USD 6.33 trillion in 2024. This figure is
anticipated to rise over the following years, demonstrating that the e-commerce
business model is turning into a more profitable choice for businesses.
By reducing the
need for manual labor, the ASRS systems significantly decrease costs and
increase operational effectiveness. Kardex claims that labor savings are the
clear benefit of automated storage and retrieval systems. By using the
"goods to person" approach, ASRS devices provide the necessary item
directly to the operator, significantly cutting down on operator walk and
search time. Workers frequently travel long distances during a shift (check
your walking time with a pedometer), and that walking time adds up to lost
time.
MARKET
SEGMENTATION:
· By
Type- Load Based ASRS (Unit Load and Mini Load), Vertical Lift, Carousel
Based (Horizontal and Vertical), Shuttle and Crane Based and others
· By
Sales and Distribution- Direct Sales, Distributors, Online Sales
· By
Industry Verticals- Automotive, Food and Beverages, Retail and E-commerce,
Healthcare, Aerospace, Manufacturing, Logistics and Warehousing, Electronics
and others
· By
Region- North America, Europe, Asia Pacific, Middle East and Africa,
South America
Global
Key Players:
· Daifuku
· Kardex
Group
· Dematic
Group
· Mecalux
· Bastain
Solution
· KUKA
· Honeywell
International
· Toyota
Industries
· Swisslog
Holdings
· Exotec
· SSI
Schaffer
· Murata
Machinery
· Other
Players
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