Global Automated Storage and Retrieval System (ASRS) Market

Automated Storage and Retrieval System (ASRS) Market



Automated Storage and Retrieval System (ASRS) Market

was valued at USD 5.92 million in 2020 which is expected to reach 12.79 million by 2027 at a CAGR 7.33%.

Automated storage and retrieval system is a part of many warehouse automation systems that has the ability to sort sequence, buffer, and store wide range of goods into virtually unlimited destinations. This system mainly comprises of storage and retrieval machines conveyor interface, rack structure, and warehouse control system.

Market Drivers

Increase in demand for automated storage and retrieval system (ASRS) in e-commerce due to onset of COVID-19 is the key driving factor which is expected to boost the Automated Storage and Retrieval System (ASRS) Market

growth. Also, rise in demand for ASRS in automotive industry will positively contribute the market growth. Furthermore, optimum utilization of space and rise in labor costs as well as improved accuracy, efficiency, and productivity in supply chain along with better inventory control which is expected to drive the market growth during this forecast period.

Market Restraints

However, requirement of large initial investment is the major restraining factor which is expected to hinder the global automated storage and retrieval (ASRS) market growth. Also, lack of technical expertise and skilled workforce will affect the market growth during this analysis period.

Market segmentation

Automated Storage and Retrieval System (ASRS) Market

is segmented into type such as Mid Load, Vertical Lift Module, Autostore, Unit Load, Mini Load, and Carousel, by function such as Distribution, Storage, Assembly, Kitting, and Order Picking. Further, market is segmented into vertical such as Automotive, Healthcare, Chemicals, Aviation, Food & Beverages, and Others.

Also, Automated Storage and Retrieval System (ASRS) Market

is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Daifuku Co.Ltd, Schaefer Holding Internal GMBH, Dematic, Murata Machinery Ltd., Mecalux SA, Toyota Industries, TGW Logistics, KNAPP, and SYSTEM LOGISTICS

Market Taxonomy

By Type

• Mid Load
• Vertical Lift Module
• Autostore
• Unit Load
• Mini Load
• Carousel

By Function

• Distribution
• Storage
• Assembly
• Kitting
• Order Picking

By Vertical

• Automotive
• Healthcare
• Chemicals
• Aviation
• Food & Beverages
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa