The Global Automated Storage And Retrieval System Market Growth Accelerated By Increased Demand From E-Commerce Industry

Automated storage and retrieval systems are warehouse storage systems that utilize autonomous machinery for placing and retrieving loads from defined storage locations with high precision and accuracy. Automated storage and retrieval systems help automate the material handling process by accurately storing and retrieving loads from precise locations with no human intervention. These systems reduce labor costs, optimize warehouse space utilization, minimize load retrieval and storage times, and ultimately help improve material handling efficiency.

The global Automated Storage and Retrieval System Market is estimated to be valued at US$ 9833.58 Mn in 2023 and is expected to exhibit a CAGR of 22.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing demand of automated storage and retrieval systems from the e-commerce industry has accelerated market growth. The booming e-commerce industry handles large volumes of orders per day which requires efficient order picking and storage systems. Automated storage and retrieval systems help optimize warehouse operations, minimize material handling time and costs, and improve order fulfillment speeds which is ideal for the growing demands of the e-commerce industry. Their ability to accurately store and retrieve thousands of inventory items efficiently on a daily basis has made them indispensable for e-commerce warehouses. This rising implementation of automated solutions by e-commerce companies is a major factor contributing to the growth of the automated storage and retrieval system market.

Segment Analysis
The global Automated Storage and Retrieval System market is dominated by unit-load AS/RS, accounting for over 40% of the total market share. Unit-load AS/RS allows for efficient storage and retrieval of full pallets and boxes, reducing labor costs and optimizing warehouse footprint. Its ability to store and retrieve a high volume of items per hour using specialized machinery makes it a preferable solution for industries dealing with bulk inventory movements like e-commerce, automotive, and 3PL.

Key Takeaways

The global  Automated Storage And Retrieval System Market Demand  is expected to witness high growth. The global Automated Storage and Retrieval System Market is estimated to be valued at US$ 9833.58 Mn in 2023 and is expected to exhibit a CAGR of 22.% over the forecast period 2023 to 2030.

The Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to rapid expansion of e-commerce and logistics sectors in emerging economies like India and Southeast Asian countries. Growth in these sectors is creating demand for automation in warehouses to boost efficiency and optimize space. China dominates the Asia Pacific AS/RS market currently.

Key players

Key players operating in the 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.

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