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Automated Storage and Retrieval System Market Growth, Trends, Size, Share, Forecast to 2034
Automated Storage and Retrieval System Market
The Automated Storage and Retrieval System (ASRS) market is poised for significant growth, driven by demand for automation and developments in warehouse optimization.
What Is The Projected Market Size Of The Global Automated Storage and Retrieval System Market And Its Growth Rate?
The ASRS market has been exhibiting robust growth over the past years and is projected to continue on this trajectory.
• The market size was $10.42 billion in 2024 and is expected to reach $11.34 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.8%.
• Factors such as increased focus on warehouse optimization, growth in e-commerce, and demand for labor cost reduction have contributed to this growth.
• The market is forecasted to grow to $15.94 billion in 2029 at a CAGR of 8.9%.
• This growth can be pegged to demand for sustainable warehousing, expansion of industries requiring high-density storage, market penetration in emerging economies, and technological advancements in automation.
What Is Driving The Growth In The Automated Storage and Retrieval System Market?
The growth of ASRS market is driven by the burgeoning demand for automation in the industrial sectors. Automation minimizes human intervention in producing and delivering goods and services, reducing errors and lowering processing costs. According to Automation.com, 69% of business leaders planned to adopt intelligent automation in 2022 to address cost pressures, marking a 50% increase from 2020. This growing inclination towards automation directly boosts the utilization of automated storage and retrieval systems.
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Who Are the Key Players Driving Automated Storage and Retrieval System Market Growth?
The ASRS market includes several key players such as:
• 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
What Are The Key Trends In The Automated Storage and Retrieval System Market?
Key trends in the ASRS market include:
• Technological advancements in robotics and automation
• Emerging goods-to-person systems
• Integration of artificial intelligence and machine learning
• Advanced data analytics and reporting
• Development of shuttle systems for cold storage
What Are The Segments Of The Global Automated Storage and Retrieval System Market?
The market is segmented based on type, function, and end-user:
• By Type: Unit Load, Mid Load, Vertical Lift Module, Carousel, Mini Load
• By Function: Distribution, Storage, Assembly, Kitting, Order Picking
• By End User: Automotive, Semiconductor and Electronics, General Manufacturing, Retail and Warehousing, Aviation, Chemicals, Rubber, Plastics, Healthcare, Pharma, Food and Beverage, Postal and Parcel
Which Region Leads The Automated Storage and Retrieval System Market?
Western Europe was the largest region in the automated storage and retrieval system market in 2024. However, Asia-Pacific is projected to display the fastest growth in the forecast period. The market also includes regions such as Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Automated Storage and Retrieval System Market Global Market Report?
- Market Size Analysis: Analyze the Automated Storage and Retrieval System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automated Storage and Retrieval System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automated Storage and Retrieval System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automated Storage and Retrieval System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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