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Automated Storage and Retrieval System Trends and Forecast
The future of the global automated storage and retrieval system market looks promising with opportunities in the aviation, automotive, chemical, retail & e-commerce, food & beverage, healthcare & pharmaceutical, metal & heavy machinery, and semiconductor & electronic sectors. The global automated storage and retrieval system market is expected to reach an estimated $12.5 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are growing use of this system to optimize space usage, increasing application of ASRS in the automotive and e-commerce sectors, and rising demand for automated material handling systems.
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Automated Storage and Retrieval System by Segment
The study includes a forecast for the global automated storage and retrieval system by type, function, end use industry, and region.
Automated Storage and Retrieval System Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Autostore
• Carousel
• Mid Load
• Mini Load
• Unit Load
• Vertical Lift Module
Automated Storage and Retrieval System Market by Function [Shipment Analysis by Value from 2018 to 2030]:
• Assembly
• Distribution
• Kitting
• Order Picking
• Storage
• Others
Automated Storage and Retrieval System Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Aviation
• Automotive
• Chemicals
• Retail & E-Commerce
• Food & Beverages
• Healthcare & Pharmaceuticals
• Metals & Heavy Machinery
• Semiconductors & Electronics
• Others
Automated Storage and Retrieval System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automated Storage and Retrieval System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automated storage and retrieval system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automated storage and retrieval system companies profiled in this report include-
• Daifuku
• Murata Machinery
• SSI Schaefer
• TGW Logistics
• Kardex
• BEUMER
• Honeywell International
• KION
• KNAPP
• KUKA
Automated Storage and Retrieval System Market Insights
Lucintel forecasts that unit load is expected to witness highest growth over the forecast period due to its significant usage among industries owing to its ability to handle large machinery or equipment and provide real-time inventory information.
Automotive will remain the largest segment due to increasing application of ASRS in this sector to manage spare parts during manufacturing, increase the amount of space that may be used for storage, and enable better material handling.
APAC is expected to witness highest growth over the forecast period due to rapid expansion of industry 4.0, existence of major automotive manufacturing units, and supportive investment by manufacturers and suppliers in the installation of ASRS in warehouses and distribution sites of the region.
Features of the Global Automated Storage and Retrieval System Market
Market Size Estimates: Automated storage and retrieval system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automated storage and retrieval system market size by type, function, end use industry, and region in terms of value ($B).
Regional Analysis: Automated storage and retrieval system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, functions, end use industries, and regions for the automated storage and retrieval system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automated storage and retrieval system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the automated storage and retrieval system market size?
Answer: The global automated storage and retrieval system market is expected to reach an estimated $12.5 billion by 2030.
Q.2 What is the growth forecast for automated storage and retrieval system market?
Answer: The global automated storage and retrieval system market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the automated storage and retrieval system market?
Answer: The major drivers for this market are growing use of this system to optimize space usage, increasing application of ASRS in the automotive and e-commerce sectors, and rising demand for automated material handling systems.
Q4. What are the major segments for automated storage and retrieval system market?
Answer: The future of the automated storage and retrieval system market looks promising with opportunities in the aviation, automotive, chemical, retail & e-commerce, food & beverage, healthcare & pharmaceutical, metal & heavy machinery, and semiconductor & electronic sectors.
Q5. Who are the key automated storage and retrieval system market companies?
Answer: Some of the key automated storage and retrieval system companies are as follows:
• Daifuku
• Murata Machinery
• SSI Schaefer
• TGW Logistics
• Kardex
• BEUMER
• Honeywell International
• KION
• KNAPP
• KUKA
Q6. Which automated storage and retrieval system market segment will be the largest in future?
Answer: Lucintel forecasts that unit load is expected to witness highest growth over the forecast period due to its significant usage among industries owing to its ability to handle large machinery or equipment and provide real-time inventory information.
Q7. In automated storage and retrieval system market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid expansion of industry 4.0, existence of major automotive manufacturing units, and supportive investment by manufacturers and suppliers in the installation of ASRS in warehouses and distribution sites of the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automated storage and retrieval system market by type (autostore, carousel, mid load,mini load, unit load, and vertical lift module), function (assembly, distribution, kitting, order picking, storage, and others), end use industry (aviation, automotive, chemicals, retail & e-commerce, food & beverages, healthcare & pharmaceuticals, metals & heavy machinery, semiconductors & electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automated Storage And Retrieval System Market, Automated Storage And Retrieval System Market Size, Automated Storage And Retrieval System Market Growth, Automated Storage And Retrieval System Market Analysis, Automated Storage And Retrieval System Market Report, Automated Storage And Retrieval System Market Share, Automated Storage And Retrieval System Market Trends, Automated Storage And Retrieval System Market Forecast, Automated Storage And Retrieval System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Automated Storage and Retrieval System Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Automated Storage and Retrieval System Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Automated Storage and Retrieval System Market by Type
3.3.1: Autostore
3.3.2: Carousel
3.3.3: Mid Load
3.3.4: Mini Load
3.3.5: Unit Load
3.3.6: Vertical Lift Module
3.4: Global Automated Storage and Retrieval System Market by Function
3.4.1: Assembly
3.4.2: Distribution
3.4.3: Kitting
3.4.4: Order Picking
3.4.5: Storage
3.4.6: Others
3.5: Global Automated Storage and Retrieval System Market by End Use Industry
3.5.1: Aviation
3.5.2: Automotive
3.5.3: Chemicals
3.5.4: Retail & E-Commerce
3.5.5: Food & Beverages
3.5.6: Healthcare & Pharmaceuticals
3.5.7: Metals & Heavy Machinery
3.5.8: Semiconductors & Electronics
3.5.9: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Automated Storage and Retrieval System Market by Region
4.2: North American Automated Storage and Retrieval System Market
4.2.2: North American Automated Storage and Retrieval System Market by End Use Industry: Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, Healthcare & Pharmaceuticals, Metals & Heavy Machinery, Semiconductors & Electronics, and Others
4.3: European Automated Storage and Retrieval System Market
4.3.1: European Automated Storage and Retrieval System Market by Type: Autostore, Carousel, Mid Load, Mini Load, Unit Load, and Vertical Lift Module
4.3.2: European Automated Storage and Retrieval System Market by End Use Industry: Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, Healthcare & Pharmaceuticals, Metals & Heavy Machinery, Semiconductors & Electronics, and Others
4.4: APAC Automated Storage and Retrieval System Market
4.4.1: APAC Automated Storage and Retrieval System Market by Type: Autostore, Carousel, Mid Load, Mini Load, Unit Load, and Vertical Lift Module
4.4.2: APAC Automated Storage and Retrieval System Market by End Use Industry: Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, Healthcare & Pharmaceuticals, Metals & Heavy Machinery, Semiconductors & Electronics, and Others
4.5: ROW Automated Storage and Retrieval System Market
4.5.1: ROW Automated Storage and Retrieval System Market by Type: Autostore, Carousel, Mid Load, Mini Load, Unit Load, and Vertical Lift Module
4.5.2: ROW Automated Storage and Retrieval System Market by End Use Industry: Aviation, Automotive, Chemicals, Retail & E-Commerce, Food & Beverages, Healthcare & Pharmaceuticals, Metals & Heavy Machinery, Semiconductors & Electronics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automated Storage and Retrieval System Market by Type
6.1.2: Growth Opportunities for the Global Automated Storage and Retrieval System Market by Function
6.1.3: Growth Opportunities for the Global Automated Storage and Retrieval System Market by End Use Industry
6.1.4: Growth Opportunities for the Global Automated Storage and Retrieval System Market by Region
6.2: Emerging Trends in the Global Automated Storage and Retrieval System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automated Storage and Retrieval System Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automated Storage and Retrieval System Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Daifuku
7.2: Murata Machinery
7.3: SSI Schaefer
7.4: TGW Logistics
7.5: Kardex
7.6: BEUMER
7.7: Honeywell International
7.8: KION
7.9: KNAPP
7.10: KUKA
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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