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Automated Storage and Retrieval System Market Driven by Advancements in Warehouse Automation and Robotics Technology as per Maximize Research
Automated Storage and Retrieval System Market
Automated Storage and Retrieval System Market size was valued at USD 6.51 Billion in 2024. The total Automated Storage and Retrieval System Market revenue is expected to grow by 8.01% from 2025 to 2032, reaching nearly USD 12.08 Billion.
To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/automated-storage-and-retrieval-systems-market/2501
About the Market
Automated Storage and Retrieval System (ASRS) market refers to the industry focused on the development, manufacturing, and implementation of automated systems designed to store and retrieve items in warehouses, distribution centers, and manufacturing facilities. These systems utilize technologies like robotics, conveyors, and cranes to improve inventory management, order fulfillment, and supply chain efficiency. ASRS solutions reduce the need for manual labor, enhance accuracy, increase storage capacity, and optimize warehouse space.
Automated Storage and Retrieval System Market Segment Analysis
In 2024, Unit Load Cranes Segment Held the Dominant Position with A Share of Above 21.8% While Order Picking Segment Dominated the Automated Storage and Retrieval System Market In 2024 and expected to play a pivotal role in the evolution of the ASRS market, aligning with the broader trend of automation in supply chain and warehouse management.
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By Type
Unit Load Cranes
Mini Load Cranes
Robotic Shuttle Based
Carousel Based
Vertical Lift Module
Robotic Cube Based
By Function
Assembly
Distribution
Kitting
Order Picking
Storage
Others
Automated Storage and Retrieval System Market Regional Insights
In 2024, North America held the largest revenue share in the Automated Storage and Retrieval System Market, contributing approximately 37%, followed by Europe as the second-largest region with around 32% of the market share. It leads due to their early adoption of automation technologies, significant investments in R&D, thriving e-commerce, and manufacturing industries, as well as a strong regulatory and technological infrastructure.
To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/automated-storage-and-retrieval-systems-market/2501
Market key players Fueling industry evolution
These companies are leading the Automated Storage and Retrieval System Market, demonstrating strong financial performance and strategic investments in product development and market expansion:
Honeywell Intelligrated (USA) - $9.73 billion
Daifuku Co., Ltd. (Japan) - $4.04 billion
KUKA Robotics (Germany) - $61.7 million
Frazier Industrial Company (USA) - $300 million
SSI SCHAEFER (Germany) - $2.1 billion
New Related Markets Published by Maximize Market Research.
Automated Guided Vehicle (AGV) Market: Automated Guided Vehicle (AGV) Market was valued nearly US$ 2.46 Bn. in 2024 and is estimated to grow at a CAGR of 8.78% and is expected to reach at US$ 4.84 Bn. by 2032.
Automated Construction Equipment Market: Automated Construction Equipment Market was valued at US$ 268.43 Billion in 2024, and it is expected that by 2032, it would have grown to almost US$ 749.75 Billion, with a CAGR of 13.7%.
Automated Optical Inspection Market: Automated Optical Inspection Market was valued nearly US$ 1069.72 Mn. in 2024 and is estimated to grow at a CAGR of 15.76 % and is expected to reach at US$ 3449.37 Mn. by 2032.
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Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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