"The Automated Storage and Retrieval System Market: Unlocking New Levels of Efficiency and Productivity"

DhirajV

posted on 5 days ago — updated on 1 second ago

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According to Straits Research, the global Automated Storage and Retrieval System market size was valued at USD 8.57 Billion in 2021. It is projected to reach from USD XX Billion in 2022 to USD 16.31 Billion by 2030, growing at a CAGR of 7.41% during the forecast period (2022–2030).

Automated Storage and Retrieval System Market Analysis, Size, Share, Growth, Trends, and Opportunities

Automated Storage and Retrieval System Market Size

According to Straits Research, the global Automated Storage and Retrieval System Market was valued at approximately USD 8.74 billion in 2023 and is projected to reach around USD 17.33 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.90% from 2024 to 2032. ASRS refers to computer-controlled systems that automatically retrieve and store goods in predefined locations, offering businesses enhanced productivity, reduced labor costs, and improved space utilization.

Get a sample PDF of the report at https://straitsresearch.com/report/automated-storage-and-retrieval-system-market/request-sample

TOP Key Industry Players of the Automated Storage and Retrieval System Market

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

Geographic Overview

The ASRS market exhibits varied trends across different regions:

North America: Dominating the market with a share of approximately 39%, driven by advanced logistics and e-commerce sectors.
Europe: Strong growth due to the automotive and healthcare industries adopting automated solutions.
Asia Pacific: Expected to register the highest CAGR, fueled by booming e-commerce and rapid industrialization.
Latin America: Gradual adoption of ASRS technologies as industries modernize.

Automated Storage and Retrieval System Market Segmental Analysis

As a result of the Automated Storage and Retrieval System market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.

By Type
1. Autostore
2. Carousel
3. Mid Load
4. Mini Load
5. Unit Load
6. Vertical Lift Module
By Function
1. Assembly
2. Distribution
3. Kitting
4. Order Picking
5. Storage
6. Others
By Industry Vertical
1. Aviation
2. Automotive
3. Chemicals
4. Retail & E-Commerce
5. Food & Beverages
6. Healthcare & Pharmaceuticals
7. Metals & Heavy Machinery
8. Semiconductors & Electronics
9. Others

You can check In-depth Segmentation from here: @ https://straitsresearch.com/report/automated-storage-and-retrieval-system-market/request-sample

Key Unit Economics for Businesses and Startups

For businesses and startups, understanding the unit economics of ASRS is crucial for maximizing profitability and efficiency. The initial investment in ASRS can be substantial; however, the long-term benefits include reduced operational costs, improved inventory accuracy, and enhanced speed in order fulfillment.

Automated Storage and Retrieval System Market Operational Factors

The operational factors influencing the ASRS market include:

Technological Advancements: Continuous innovation in robotics, artificial intelligence, and IoT is enhancing the capabilities of ASRS.
Labor Shortages: Increasing labor costs and shortages are driving companies to adopt automation solutions.
E-Commerce Growth: The rise of online shopping necessitates efficient inventory management systems to meet consumer demands.

To Understand How Covid-19 Impact Is Covered in This Report - https://straitsresearch.com/report/automated-storage-and-retrieval-system-market/request-sample

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.