Global Automated Storage and Retrieval System Market By Product Type (Unit-Load As/Rs Cranes, Mini-Load As/Rs Cranes, Shuttle And Bot-Based As/Rs, And Others), By End User (Automotive, Electronics, Food & Beverage, E-Commerce, Pharmaceuticals, And Other End Users), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2031

Market.us announces the publication of its most recently generated research report titled, “Global Automated Storage and Retrieval System (ASRS) Market by Product Type (Unit-Load AS/RS Cranes, Mini-Load AS/RS Cranes, Shuttle and Bot-based AS/RS, Carousel-based AS/RS, Vertical Lift Module AS/RS, and Micro-Load AS/RS), By Function (Assembly, Order Picking, Distribution, Storage, and Other Functions), By End User (Automotive, Electronics, Food & Beverage, E-Commerce, Pharmaceuticals, and Other End Users) and by Region – Global Forecast to 2029.”, which offers a holistic view of the Global Automated Storage and Retrieval System (ASRS) Market through systematic segmentation that covers every aspect of the target market.

The Global Automated Storage and Retrieval System (ASRS) Market is projected to be US$ 7,913.7 Mn in 2019 to reach US$ 16,232.6 Mn by 2029 at a CAGR of 7.5%.

Automated Storage and Retrieval Systems (AS/RS systems) have become an important part of warehouse operations and have automated a critical part in the supply chain. As labor is not available quickly at an economical cost, these automated storage and retrieval systems are being implemented, which boosts the efficiency as well as the productivity of the warehousing. ASRS is used in automated factories, distribution centers, warehouses, etc. also, these systems are modular and make better use of space. Narrow aisle than the ones required for manually operating forklifts and other material handling the equipment. A variety of solutions are available for automated storage and retrieval which include but are not limited to vertical lift module, carousel, mini load, auto store, etc. These serve a wide range of functions including storage, order picking, placing, distribution, etc.

Increasing the need to reduce overall operation cost, warehousing, and logistics cost to raise the profit margin across the industry verticals around the globe is a key factor driving the growth of the global automated storage and retrieval systems market. Also, a growing trend among manufacturers to reduce waste and time in the logistics within and outside the warehouse is another key factor supporting the growth of the target market.

Global Automated Storage and Retrieval System (ASRS) Market Revenue (US$ Mn), 2019–2029 

Also, the rapid growth of end-use industries which include food and beverages, healthcare, electronics, aerospace, third-party logistics companies, etc. is anticipated to contribute to the development of the automated storage and retrieval system market

The automated storage and retrieval system market is segmented based on product type, function, and end-user. The basis of product type market is further segmented into Unit-Load AS/RS Cranes, Mini-Load AS/RS Cranes, Shuttleessentialand Bot-based AS/RS, Carousel-based AS/RS, Vertical Lift Module AS/RS, and Micro-Load AS/RS. Among these, Unit-Load AS/RS Cranes are expected to gain the highest share in the market. Based on the function, the market is further divided into Assembly, Order Picking, Distribution, Storage, and Other Functions. Among these, the Storage segment is accounted for the major share. Based on end-users, the market is segmented into Automotive, Electronics, Food & Beverage, E-Commerce, Pharmaceuticals, and Other End Users. Among these, the automotive market segment is anticipated to contribute a major share in the target market. On the basis of region, Asia-Pacific is expected to grow at the fastest rate due to several factors such as increasing penetration of the internet, growing mobile users, continuously expanding e-commerce sector, rising cost of labor, etc.

Global Automated Storage and Retrieval System (ASRS) Market Share by Product Type, 2019

The research report on the Global Automated Storage and Retrieval System (ASRS) Market includes profiles of some of the major companies such as Daifuku Co., Ltd., Toyota Industries Corp., Murata Machinery Ltd., Swisslog Holding Ltd., Kardex AG, KNAPP AG, Ssi Schaefer Ltd., Mecalux SA, Vanderlande Industries BV, Krones AG (System Logistics Corporation), TGW Logistics Group, and Dematic.

Key Market Segments

Type

• Unit-Load AS/RS Cranes
• Mini-Load AS/RS Cranes
• Shuttleessentialand Bot-based AS/RS
• Carousel-based AS/RS
• Vertical Lift Module AS/RS
• Micro-Load AS/RS

Application

• Automotive
• Electronics
• Food & Beverage
• E-Commerce
• Pharmaceuticals and Other End Users

Key Market Players included in the report:

• Daifuku Co.Ltd.
• Toyota Industries Corp.
• Murata Machinery Ltd.
• Swisslog Holding Ltd.
• Kardex AG
• KNAPP AG
• Ssi Schaefer Ltd.
• Mecalux SA
• Vanderlande Industries BV
• Krones AG (System Logistics Corporation)
• TGW Logistics Group and Dematic

For the Automated Storage and Retrieval System Market research study, the following years have been considered to estimate the market size: