What Has Been The Progress Of The Automated Storage and Retrieval System Market In Recent Years?
The strong performance of the Automated Storage and Retrieval System Market in recent years is a testament to its increasing relevance across various industries.
• In 2024, the market valuation was $10.42 billion, which saw an upward climb to $11.34 billion in 2025, growing at a CAGR of 8.8%.
Key drivers shaping this growth were increased emphasis on warehouse optimization and efficiency, burgeoning demand linked to e-commerce and online retail, spotlight on labor cost reduction and workforce optimization, enhanced space utilization in warehousing and distribution centers, and the escalating complexity of supply chain and inventory management.
What Is The Projected Growth Of The Automated Storage and Retrieval System Market In The Coming Years?
The automated storage and retrieval system market is anticipated to witness substantial growth with the forthcoming years.
• By 2029, the market size is predicted to balloon to $15.94 billion, expanding at a CAGR of 8.9%.
Several factors are propelling this surge, like the demand for sustainable and eco-friendly warehousing solutions, expansion in high-density storage requiring industries like healthcare and automotive, focus on safety and the reduction of workplace accidents, customization and scalability of asrs solutions across different industries, and increased market penetration in emerging economies and developing regions. Prevailing trends include advancements in robotics and automation, goods-to-person systems, integration of AI and machine learning, real-time data analytics and reporting, and shuttle systems for cold storage.
What Are Key Drivers Propelling Growth Of The Automated Storage and Retrieval System Market?
Increased demand for automation is kindling the growth of the automated storage and retrieval system market. Adoption of automation across industries to reduce errors, repetitive tasks, and processing costs have fueled the accelerated usage of automated storage and retrieval system. For instance, reports from Automation.com indicated that in 2022, 69% of business leaders planned to adopt intelligent automation to address spiraling cost pressures spurred by surging inflation and economic disruptions, indicating a 50% rise from 2020, with predictions that these figures will further rise. Hence, the demand increase for automation is bolstering the automated storage and retrieval system market growth.
How Is The Automated Storage and Retrieval System Market Segmented?
The automated storage and retrieval system market segmentation in this report includes –
1) By Type: Unit Load, Mid Load, Vertical Lift Module, Carousel, Mini Load
2) By Function: Distribution, Storage, Assembly, Kitting, Order Picking
3) By End User: Automotive, Semiconductor And Electronics, General Manufacturing, Retail And Warehousing or Logistics, Aviation, Chemicals, Rubber, And Plastics, Healthcare And Pharma, Food And Beverage, Postal And Parcel
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What Trends Are Shaping The Automated Storage and Retrieval System Market?
Technological enhancements are significantly shaping the automated storage and retrieval system market. Major players are focusing on developing advanced systems with innovative technologies for industrial usage. For example, in February 2024, Mecalux launched the 3D Automated Pallet Shuttle and Shuttle System to increase high-density storage solutions for pallets and boxes. These innovations promise improved compactness, productivity, and flexibility in pallet storage systems, in addition to streamlining warehouse operations.
Who Are The Major Players In The Automated Storage and Retrieval System Market?
The leading players in the automated storage and retrieval system market include:
• Schaefer Systems International Pvt. Ltd.
• Beumer Group
• Daifuku Co. Ltd.
• Dematic (Kion Group AG)
• Honeywell International Inc.
• Kardex Holding AG
• Knapp AG
• Murata Machinery Singapore Pte. Ltd.
• TGW Logistics Group
• Swisslog Holding AG
• Mecalux SA
• System Logistics S.p.A.
• Vanderlande Industries
• Westfalia Technologies Inc.
• KUKA Deutschland GmbH
• Toyota Industries Corporation
• Viastore Systems GmbH
• Bastian Solutions LLC
• Conveyor Handling Company Inc.
• Flexcon Company Inc.
• Frazier Industrial Company
• Hanel Storage Systems
• Interlake Mecalux Inc.
• Kasto Maschinenbau GmbH & Co. KG
• KION Group AG
• Raymond Corporation
• SencorpWhite Inc.
• Stöcklin Logistik AG
• Grey Orange Pte. Ltd.
• Vecna Robotics Inc.
• Fives S.A.S.
• ASYST Automation
• Symbotic
What Are The Leading Regions In The Automated Storage and Retrieval System Market?
Western Europe emerged as the dominant region in the automated storage and retrieval system market in 2024. However, Asia-Pacific is anticipated to see the fastest growth in the coming years. The report covers different regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa.
