Automated Storage & Retrieval System Market by Type, Function, Industry

Description

List of Tables

[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.

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.

KEY MARKET STATISTICS
Base Year [2023]	USD 10.68 billion
Estimated Year [2024]	USD 11.77 billion
Forecast Year [2030]	USD 21.16 billion
CAGR (%)	10.25%

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.

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, Hanel 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?

Product Code: MRR-43422F546F16

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for automated storage and retrieval systems in the automotive industry
  - 5.1.1.2. Optimum utilization of space and rise in labor costs
  - 5.1.1.3. Increasing need for better inventory control with improved accuracy, productivity, and efficiency in the supply chain
- 5.1.2. Restraints
  - 5.1.2.1. High initial investment requirement and need for technical expertise and periodic training
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of automated storage and retrieval system in the e-Commerce industry
  - 5.1.3.2. Development of advanced automated storage and retrieval system
- 5.1.4. Challenges
  - 5.1.4.1. Issues with operational processes due to technical glitches result in increased downtime
5.2. Market Segmentation Analysis
- 5.2.1. Function: Emerging function of AS/RS systems in distribution and kitting
- 5.2.2. Type: Increasing adoption of carousel systems unit load AS/RS systems for efficient material handling
- 5.2.3. Industry: Significant use of AS/RS systems in the automotive and pharmaceutical industry
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automated Storage & Retrieval System Market, by Type

6.1. Introduction
6.2. Autostore
6.3. Carousel
6.4. Mid Load
6.5. Mini Load
6.6. Unit Load
6.7. Vertical Buffer Module
6.8. Vertical Lift Module

7. Automated Storage & Retrieval System Market, by Function

7.1. Introduction
7.2. Assembly
7.3. Distribution
7.4. Kitting
7.5. Order Picking
7.6. Storage

8. Automated Storage & Retrieval System Market, by Industry

8.1. Introduction
8.2. Automotive
8.3. Aviation
8.4. Chemicals & Advance Materials
8.5. E-Commerce
8.6. Food & Beverages
8.7. Healthcare & Pharmaceutical
8.8. Metals & Heavy Machinery
8.9. Retail
8.10. Semiconductors & Electronics

9. Americas Automated Storage & Retrieval System Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Automated Storage & Retrieval System Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Automated Storage & Retrieval System Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Chang Industrial and Hai Robotics Combine to Launch Advanced Manufacturing Initiative
- 12.3.2. OSARO and Geek+ Partner to Integrate Robotic Warehouse Solutions
- 12.3.3. Prozo Becomes the First Indian 3PL Company to Deploy Mini-Load Automated Storage and Retrieval System (ASRS)
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio