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The global automated storage and retrieval system market size was valued at USD 8573.0 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. The automation market has witnessed a strong growth in recent years, and it is predicted that the market will continue to grow. This is the result of the increasing need for efficient storage solutions and rising requirement to reduce the labor demands. Some of the other factors that are contributing to the growth of the automated storage and retrieval systems market are increasing demand for automation and technological innovation, high initial cost, and increased focus on accuracy and precision.

Global Automated Storage and Retrieval System Market: Regional Insights

The global automated storage and retrieval system market is regionally divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.

North America is expected to gain strong share in the global automated storage and retrieval system market over the forecast period, owing to presence of strong economy, existing awareness about use of Hadoop, and the high penetration of Carousel computing in the region. Moreover, the increasing requirement for automation in the region is leading organizations to automate their processes at a faster pace in order to cater the market demands. This in turn is supporting growth of the market in North America.

Asia Pacific is also anticipated to witness substantial growth in the global automated storage and retrieval system market during the forecast period. This growth is due to rise in infrastructure and industrial activities, in countries such as India and China. Along with this, rise in adoption of automated systems in the industrial segment, heavy investment in automation solutions to cut down operational cost are also fueling growth of the market across the region. Moreover, increase in technological developments in wireless technologies, robotic systems, and autonomous vehicles is creating demand for ASRS in the region. This in turn is supporting the market growth.

Figure 1. Global Automated Storage and Retrieval System Market Share (%), by Region, 2021

Automated Storage and Retrieval System  | Coherent Market Insights

Global Automated Storage and Retrieval System Market Drivers:

Growing demand from manufacturing industry to boost the market pace

Emergence of industry 4.0 revolution has led to advancements in manufacturing machineries including the inventions such as retrieval systems and automated storage. This is likely to help speed up the production of manufactured items in an industry. Due to the advent of such industrial revolutions, manufacturing sector is dominating, as it offers high accuracy and large benefits of production. Moreover, manufacturing automation technology has gained high importance in the recent years, and among these technologies, ASRS solutions are gaining high popularity in the manufacturing sector. Thus, these factors are expected to support growth of the global automated storage and retrieval system market over the forecast period.

Increasing requirement for cost reduction and achieving optimum use of space to propel the market growth

All automated storage and retrieval system include labor management and inventory control functionalities. The demand for these systems is high among warehouse or inventory operations as every system can track the product and quantities stored at various location in the system. Along with this, the labor management and waste reduction are controlled due to which, it helps the end user with cost of additional program. Moreover, use of ASRS brings warehouse automation that helps to cut down labor cost and helps achieve optimal use of space.

Global Automated Storage and Retrieval System Market Opportunities:

Growing use of automation in e-commerce around the world is anticipated to offer several growth opportunities in the global automated storage and retrieval system market during the forecast period. Due to growing demand as well as increasing consumer expectations, e-retailers are focused on innovations in operation to timely cater the demand as well as remain competitive in the market. This in turn creates significant opportunity for the automated equipment to experience high adoption in the e-commerce industry. Moreover, e-commerce industry has been constantly catering the varying consumer demand coming from increasing number mobile and online shopping application. Thus, these factors are creating multiple business opportunities in the global automated storage and retrieval system market.

Growing adoption of advance systems by omni-channel retailers for predicting the rate of change in the stock keeping units is also offering growth opportunities in the global automated storage and retrieval system market. As omni-channel retailers are increasingly adopting different advanced systems to predict the rate of change in SKUs, the adoption ASRS has also increased significantly in e-commerce of industry. Due to the fluctuation is SKU demand, the complexity of pick-up operations increases and it slowdowns the fulfillment process. Whereas, ASRS system optimize SKU and help to improve the fulfilment process due to which their demand in increasing in the retail industry, and this in turn is offering several growth opportunities in the market.

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Automated Storage and Retrieval System Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 8573.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 7.1% 2030 Value Projection: US$ 15881.8 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Autostore, Carousel, Mid Load, Mini Load, Unit Load, and Vertical Lift Module
  • By Function: Assembly, Distribution, Kitting, Order Picking, Storage, and Others
  • By Industry Vertical: Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, Healthcare & Pharmaceuticals, Metals & Heavy Machinery, Semiconductors & Electronics, and Others
Companies covered:

Murata Machinery, Ltd., Honeywell Intelligrated, Bastian Solutions, Inc., Dematic, TGW Logistics Group, Daifuku Co., Ltd., KNAPP AG, Beumer Group, SSI Schaefer Group, and Kardex Group

Growth Drivers:
  • Growing demand from manufacturing industry
  • Increasing requirement for cost reduction and achieving optimum use of space
Restraints & Challenges:
  • High cost of initial investment and complexities of customization    
  • Shortage of technical expertise and skilled labor

Global Automated Storage and Retrieval System Market Trends:

Increasing adoption of ASRS in various industry vertical is a major trend in the market

The use of automated storage and retrieval system aids in easing the materials and product storing processes across several industries and provides more space in their plants and warehouses. This factor is likely to reduce the risk of accidents during the speeding-up operation processes operation and stacking of materials. Thus, automated storage and retrieval systems are widely being adopted among several industries, which in turn is creating high demand for ASRS and is supporting growth of the market. For instance, in August 2020, Swisslog Holding AG, announced the successful planning, installation, and implementation of a completely automated retrieval solution for Mai Dubai, a leading bottled drinking water company.

Growing R&D in automated storage and retrieval system is a growing trend

The rise in spending for research and development activities is a growing trend that is expected to augment growth of the global automated storage and retrieval system market over the forecast period. Various companies are increasingly investing in R&D in order to offer more innovative solutions that can help them gain a competitive edge in the market. As all automated machines are connected, the growing R&D will significantly impact ASRS technology.

Global Automated Storage and Retrieval System Market Restraints:

High cost of initial investment and complexities of customization to impede market growth

The cost needed for consulting, implementation, and maintenance is the major factor that contributes to the overall cost of automated storage and retrieval systems. Many of the ASRS software offer basic inventory management controls; however, to get a more advanced option, the software can be integrated with preexisting enterprise resource planning system or warehouse management system. This further adds into the cost of software and it increases the complexity of the integration procedures. Thus, high cost of the ASRS technology is likely to impede growth of the global automated storage and retrieval system market over the forecast period.

Shortage of technical expertise and skilled labor to restrain the market growth

The cost required for training existing employers for operating new processes further adds into the cost of labor. Sometimes, operating new processes demands personal with higher technical aptitude having ASRS system knowledge, which also adds into the labor cost. Moreover, new warehouse equipment need caution handling, due to which employees are required to be trained adequately in order to handle new ASRS safely. However, it leads to downtime in training, which may affect the turnover of the current staff. Thus, these factors are likely to impede growth of the market.

Figure 2. Global Automated Storage and Retrieval System Market (%), by Segment Type, 2021

Automated Storage and Retrieval System  | Coherent Market Insights

Global Automated Storage and Retrieval System Market Segmentation:

The global automated storage and retrieval system market report is segmented into Type, Function, Industrial Vertical, and Region.

Based on Type, the market is segmented into Autostore, Carousel, Mid Load, Mini Load, Unit Load, and Vertical Lift Module. Out of which, Autostore is expected to dominate the global market over the forecast period and this is attributed to the increasing adoption of autostore solutions. A large number of industries, customers, and applications are adopting autostore solutions for achieving the highest density storage solutions in warehouses. This in turn is supporting growth of this segment.

Carousel segment is also expected to witness significant growth in the near future and this is owing to the growing use of carousel solutions in domestic applications. Horizontal carousels are widely utilized in domestic applications such as dry cleaner where the wire carriers are suspended from the rail to the carriers in order for them to hold plastic bins containing small-sized products. The increasing use of carousel solutions is driving the segment’s growth.

Based on Function, the market is segmented into Assembly, Distribution, Kitting, Order Picking, Storage, and Others. Out of which, Assembly is expected to dominate the global market over the forecast period and this is attributed to the rise in adoption of assembly lines in the automotive and manufacturing industries. Due to rise in automation and digitization the demand for assembly lines is increasing in automotive industry.

Distribution segment is also expected to witness significant growth in the near future and this is owing to the increasing demand for loaders, conveyor belts, and reclaimers in warehouses across the globe. The growing adoption robotic systems in warehouses for manufacturers to achieve higher reliability, quality, and product life cycle is driving growth of the segment.

Based on Industry Vertical, the market is segmented into Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, Healthcare & Pharmaceuticals, Metals & Heavy Machinery, Semiconductors & Electronics, and Others. Out of which, Aviation is expected to dominate the global market over the forecast period and this is attributed to the increasing implementation of advanced automated systems on airports to eliminate unsafe handling practices, theft, pilferage, and misplacement of cargo.

Automotive segment is also expected to witness significant growth in the near future and this is owing to the rise in introduction of improved production logistic solutions for automation in production line, leading to growing adoption of ASRS in the automotive industry.

Global Automated Storage and Retrieval System Market: Key Developments

In November 2019, Bastian Solution, Inc. entered into partnership with Tompkins Robotics, for the expansion of delivering its powerful t-Sort solution and its product line for helping its clients enhance capacity as well as efficiency in the warehouse.

In March 2018, Beumer Group announced the launch of a class of line sorter at LogiMAT, Stuttgart Trade Faire Center, Germany. The new product line has alternative to conventional sliding-shoe line sorters as it combines the broad handling mix of a cross-belt sorter.

In March 2020, Dematic entered into collaboration with COIM, an Italian chemical company, for the automation of its historic plant in Offanengo (CR), Italy. COIM depends on STILL and Dematic for optimizing logistic operations for the distribution center in the facility.

In July 2017, Kardex Group announced the acquisition of Services Operations of Alternative Handling Technologies from Bob Huston. The acquisition is expected to help Kardex enhance its service and support customer in the U.S.

Global Automated Storage and Retrieval System Market: Key Companies Insights

The global automated storage and retrieval system market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Some of the key players in the global automated storage and retrieval system market are Murata Machinery, Ltd., Honeywell Intelligrated, Bastian Solutions, Inc., Dematic, TGW Logistics Group, Daifuku Co., Ltd., KNAPP AG, Beumer Group, SSI Schaefer Group, and Kardex Group.

*Definition:

An automated storage and retrieval system (AS/RS) is a type of computer-controlled storage and retrieval device that moves product from a designated storage area automatically. These systems are an excellent way to increase productivity and streamline the process of inventory management.

Automated storage and retrieval systems (AS/RS) are an excellent way to increase productivity and streamline the process of inventory management. Along with reducing the time needed to pick up goods, automated storage and retrieval systems can help minimize the risk to warehouse workers and save floor space. They are also a popular investment for most operations.

AS/RS systems provide high density storage with a compact footprint. They are available in several different sizes to accommodate various load types. They are available as stand-alone units or as integrated solutions with other automated systems. However, they require regular maintenance and repairs. For this reason, it is advisable to consult with a specialist before purchasing an automated storage and retrieval system.

Market Dynamics:

Among the key factors driving the automated storage and retrieval system market is the increasing demand for precision and efficiency.  Increasing order velocity and volume is also expected to contribute to the market's growth. Moreover, a large number of industries in the region are also adopting automation technologies.

However, factors like high initial cost and complexities of operating ASRS technologies are expected to hinder growth of the global automated storage and retrieval system market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global automated storage and retrieval system market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global automated storage and retrieval system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Murata Machinery, Ltd., Honeywell Intelligrated, Bastian Solutions, Inc., Dematic, TGW Logistics Group, Daifuku Co., Ltd., KNAPP AG, Beumer Group, SSI Schaefer Group, and Kardex Group
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global automated storage and retrieval system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automated storage and retrieval system market

Detailed Segmentation:

  • Global Automated Storage and Retrieval System Market, By Type
    • Autostore
    • Carousel
    • Mid Load
    • Mini Load
    • Unit Load
    • Vertical Lift Module
  • Global Automated Storage and Retrieval System Market, By Function
    • Assembly
    • Distribution
    • Kitting
    • Order Picking
    • Storage
    • Others
  • Global Automated Storage and Retrieval System Market, By Industry Vertical
    • Aviation
    • Automotive
    • Chemicals
    • Retail & E-Commerce
    • Food & Beverages
    • Healthcare & Pharmaceuticals
    • Metals & Heavy Machinery
    • Semiconductors & Electronics
    • Others
  • Global Automated Storage and Retrieval System Market, By Region
    • North America
    • Europe
    • Asia-Pacific
    • LAMEA
  • Company Profiles:
    • Honeywell Intelligrated
    • Dematic
    • Daifuku Co., Ltd.
    • Beumer Group
    • Kardex Group
    • SSI Schaefer Group
    • KNAPP AG
    • TGW Logistics Group
    • Bastian Solutions, Inc.
    • Murata Machinery, Ltd.

Frequently Asked Questions

The global automated storage and retrieval system market size is estimated to be valued at US$ 8573.0 Million in 2021 and is expected to exhibit a CAGR of 7.1% between 2022 and 2030.
Growing demand from manufacturing industry and increasing requirement for cost reduction and achieving optimum use of space are fuelling the market.
The Autostore segment is the leading type segment in the market.
High cost of initial investment and complexities of customization and shortage of technical expertise and skilled labor are the major factors restraining market
Murata Machinery, Ltd., Honeywell Intelligrated, Bastian Solutions, Inc., Dematic, TGW Logistics Group, Daifuku Co., Ltd., KNAPP AG, Beumer Group, SSI Schaefer Group, and Kardex Group.

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