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Automated Storage & Retrieval System Market worth $21.16 billion by 2030, growing at a CAGR of 10.25% - Exclusive Report by 360iResearch
Automated Storage & Retrieval System Market | 360iResearch
The Global Automated Storage & Retrieval System Market to grow from USD 10.68 billion in 2023 to USD 21.16 billion by 2030, at a CAGR of 10.25%.
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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.
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.
Market Segmentation & Coverage:
This research report categorizes the Automated Storage & Retrieval System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Autostore, Carousel, Mid Load, Mini Load, Unit Load, Vertical Buffer Module, and Vertical Lift Module. The Carousel is further studied across Horizontal Carousel and Vertical Carousel. The Vertical Buffer Module is projected to witness significant market share during forecast period.
Based on Function, market is studied across Assembly, Distribution, Kitting, Order Picking, and Storage. The Order Picking is projected to witness significant market share during forecast period.
Based on Industry, market is studied across Automotive, Aviation, Chemicals & Advance Materials, E-Commerce, Food & Beverages, Healthcare & Pharmaceutical, Metals & Heavy Machinery, Retail, and Semiconductors & Electronics. The Chemicals & Advance Materials is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automated Storage & Retrieval System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automated Storage & Retrieval System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
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, Hänel 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..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automated Storage & Retrieval System Market, by Type
7. Automated Storage & Retrieval System Market, by Function
8. Automated Storage & Retrieval System Market, by Industry
9. Americas Automated Storage & Retrieval System Market
10. Asia-Pacific Automated Storage & Retrieval System Market
11. Europe, Middle East & Africa Automated Storage & Retrieval System Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automated Storage & Retrieval System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automated Storage & Retrieval System Market?
3. What is the competitive strategic window for opportunities in the Automated Storage & Retrieval System Market?
4. What are the technology trends and regulatory frameworks in the Automated Storage & Retrieval System Market?
5. What is the market share of the leading vendors in the Automated Storage & Retrieval System Market?
6. What modes and strategic moves are considered suitable for entering the Automated Storage & Retrieval System Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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