Automated Storage And Retrieval System Market To Reach $10.31 Billion By 2030

June 2023 | Report Format: Electronic (PDF)

Automated Storage And Retrieval System Market Growth & Trends

The global automated storage and retrieval system market size is expected to reach USD 10.31 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 7.8% from 2023 to 2030. Automated storage and retrieval systems (AS/RS) are computer-aided or robotic systems that store and retrieve products or items at a specific place on racks/shelves in warehouses or storage places. The machines follow an established route to place or retrieve the item from a specific location. The high volume of loads can be quickly and efficiently moved with AS/RS. The AS/RS systems are a boon to the warehousing sector as the industry reels with labor shortages and skilled labor.

According to a DHL report in 2019, only 5% of total warehouses had installed automated storage and retrieval systems. The trend displays a promising opportunity for the market's growth in the coming years as companies are increasingly adopting AS/RS for automating their warehouses. Technological development such as artificial intelligence and machine learning are aiding the growth of the target market. In November 2021, Honeywell International Inc. launched a new AS/RS system powered by machine learning and artificial intelligence algorithms. The system optimized the warehousing operation by adjusting to the user's needs through decision intelligence. Also, Honeywell's AI-powered AS/RS can manage 20,000 stock-keeping units (SKU) with 40% more throughput.

The e-commerce boom has resulted in the increasing importance of inventory management and control. The AS/RS aids in efficient inventory management as it keeps track of which product is stored where. It also tracks the volume of available inventory. Installation of AS/RS significantly improves the efficiency of the warehouses and substantially reduces the delivery time. For instance, SAM Outillage, a French tools manufacturer, witnessed a 25% jump in its productivity across operations by installing AS/RS for 80% of its stock-keeping unit (SKU). The company can now deliver orders within 24hrs owing to the agility brought by the automated system.

The COVID-19 pandemic accelerated the adoption of automation technologies, such as automated storage and retrieval systems in the logistics sector. The social distancing norms necessitated the deployment of automation tools in warehousing functions and operations. Labor shortages during the pandemic led to increased adoption of the AS/RS during the pandemic. Retail, e-commerce, and healthcare sectors were booming during the pandemic and were among the top verticals of the AS/RS market.

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Automated Storage And Retrieval System Market Report Highlights

  • The unit load cranes segment dominated the market in 2022 with a revenue share of about 22%. Unit load cranes can store large loads and can reach up to 100 feet or more of height

  • The order-picking function segment is anticipated to grow at a CAGR of 8.4% during the forecast period. Order picking is the first stage in the fulfillment process for a consumer’s order. Order picking function is gaining more importance owing to the growth of the e-commerce sector

  • The retail & e-commerce segment is expected to grow at the fastest CAGR of 8.3% during the forecast period. The growth can be attributed to the increasing need for efficient inventory management and control in retail

  • The Asia Pacific segment is anticipated to register the highest CAGR of 8.6% over the forecast period. The growth can be attributed to the rapid growth of retail & e-commerce in the Asia Pacific countries such as India and China

Automated Storage And Retrieval System Market Segmentation

Grand View Research has segmented the global automated storage and retrieval system market based on type, function, vertical, and region:

Automated Storage And Retrieval System Type Outlook (Revenue, USD Billion, 2017 - 2030)

  • Unit Load Cranes

  • Mini Load Cranes

  • Robotic Shuttle-based

  • Carousel-based

  • Vertical Lift Module

  • Robotic Cube-based

Automated Storage And Retrieval System Function Outlook (Revenue, USD Billion, 2017 - 2030)

  • Assembly

  • Distribution

  • Kitting

  • Order Picking

  • Storage

  • Others

Automated Storage And Retrieval System Vertical Outlook (Revenue, USD Billion, 2017 - 2030)

  • Retail & E-commerce

  • Healthcare

  • Automotive

  • Aerospace & Defense

  • Electronics & Semiconductors

  • Others

Automated Storage And Retrieval System Regional Outlook (Revenue, USD Billion, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • KSA

    • UAE

    • South Africa

List of Key Players in the Automated Storage And Retrieval System Market

  • Kardex Group

  • Daifuku Co., Ltd. 

  • Murata Machinery, Ltd.

  • SSI Schaefer AG

  • TGW Logistics Group GmbH

  • Dematic Corp. (Kion Group AG)

  • Mecalux, S.A.

  • Knapp AG

  • Beumer Group GmbH & Co. KG


  • Bastian Solutions, LLC

  • System Logistics Corporation

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