Automated Storage and Retrieval Systems Market

Automated Storage and Retrieval Systems Market Outlook

The global automated storage and retrieval systems (ASRS) market is expected to reach US$ 24 billion by 2032 from 10.2 billion in 2022. A growth rate of over 9.1% on annual basis is projected for the demand of ASRS, predominantly driven by is usage across retail warehouses during the forecast period of 2022 to 2032.

Various manufacturing industries, food storage facilities and warehouses prefer these computerized inventory management systems to manage high-volume loads with low-cost solutions. Automated storage and retrieval systems technology providing ultra-high-speed load handling, accurate positioning results, and reliable framework proved to be a one-stop-solution for inventory holders facing issue in managing high-volume inventories.

With reference to present market scenario, automated storage and retrieval systems accounts around 1/3rd of global material handling equipment market states Fact.MR - market research and competitive intelligence provider. This technology provides optimum utilization of space along with low labour cost benefit.

Such advanced technology when implemented in storage or warehouse, provides improved storage capacity, high warehouse efficacy, less overall cost, minimum energy consumption and life span of around 25-30 years.

AS/RS technology comes in variety of costs, sizes, working speeds, impactful designs and highly efficient placing and retrieval load facility. These advanced machine formations can be set as per desired locations. AS/RS mechanization cuts off the travel time and easily manage diverse mix of product’s stock.

These computer-controlled systems consist of interactive displays and are used in applications that require automatic placing, storing and retrieval small to large-scaled loads within the defined storage location. Moreover, presence of material handling equipment vehicles completely removes the loop holes in movement-chain.

In accordance to the technological implementation, AS/RS system secures major profit from B2B e-commerce and B2C sales. North America consists more than 150 warehouses for Amazon Corporation. Moreover, this company operates in nearly 450-550 facilities all over U.S. Therefore, automated storage and retrieval market in North America is estimated to gain a value of 775 BPS during forecast period of 2022 to 2032.

Out of the prominent end-use industries for automated storage and retrieval systems (Automotive, Food and Beverage, Electrical and Electronics, Healthcare, Retail and e-commerce and Others), demand of AS/RS systems in food and beverages industry is estimated to generate ~30% of overall revenue associated with these systems.

Report Scope

Report Attributes	Details
Market size value in 2021	US$ 7,790 million
Market forecast value in 2032	US$ 24,460 million
Global Growth Rate (2022 to 2032)	CAGR 9.1%
North America Market Size in 2022	US$ 2,127 million
North America Growth Rate (2022 to 2032)	CAGR 10.1%
U.S. Market Size in 2022	US$ 776 million
Top 5 Companies Market Share	~23.8%
Key Companies Profiled	Daifuku Co., Ltd.; Murata Machinery; Dematic GmbH & Co. KG; Vanderlande Industries; TGW Logistics Group; System Logistics Spa; Westfalia Technologies, Inc.,; Honeywell Intelligrated; Swisslog Holding AG; Invata Intralogistics, Inc.; AutoStore; Ocado Group

Automated storage and retrieval systems platform research performed by Fact.MR delves on key insights such as current and speculative market approach, technical facilities offered by each AS/RS manufacturer, current and speculative pricing, space optimization strategy across the warehouse, and techno-economic analysis by considering overall scenario of global inventory management market, global warehouse management industry, global material handling equipment industry, global warehouse automation market, global material handling vehicles industry, global computer integrated systems market and many more.

Historical Analysis Vs. Future Projections for Automated Storage and Retrieval Systems Market

According to Fact.MR, growth rate for automated storage and retrieval systems was noted as 7.3% in past decade. Considering the technicalities of this market, AS/RS system holds direct implementation in warehouses and large-volume inventories. As a result, North America and Europe being the top two holders of most number of warehouses generated around 48% of overall associated revenue.

With continuous technical improvements, importance of complete automation in AS/RS systems was confronted. Moreover, expansion of e-commerce companies uplifted the market value of AS/RS equipment in aforementioned regions.

Considering the upcoming opportunities in AS/RS system market, its service providers must invest in U.S. undoubtedly. Factor strengthening above recommendation is the presence of large number of warehouses and large-volume inventories in the country. The only application of such advanced systems lie in warehouses, therefore complete market estimation must surround the framework of overall warehouse presence.

Attributed to forecast analysis, due to increase in demand for completely automatic inventory management systems, AS/RS systems will gain traction in upcoming decade. Moreover, it’ll multiply the present AS/RS system market size by multiplication factor of 2.4X by 2032 end. For immediate future, North America holds absolute $ opportunity around US$ 4,844 million. Whereas, increase in number of Alibaba storehouses and Amazon warehouses will let AS/RS systems market in China surpass U.S. by 2028 with overall market share around 18.5%.

Warehouses and inventories are following the trend of complexing their structure due to unavailability of space. This transition is occurring on global level. Therefore, demand of integrated AS/RS systems will poise an estimate gain of 880 BPS during forecast period.

The rise in the adoption of E-Commerce is set to fuel demand for warehouse automation solutions, especially in warehouses. The market is anticipated to cross a value of USD 2.4 Trillion by end of 2028, owing to more and more packaged being shipped.

Country-wise Analysis

How AS/RS systems market in US holds Maximum Absolute US$ Opportunity for Upcoming Half-Decade?

US comprises most number of auto-stores (Automatic Storage Facilities) compared to other countries. Moreover, Amazon, the largest e-commerce website of the globe regulates around 50% of its overall business from its US-headquarter. Thousands of parcels, packaging, bundles and wrapped boxes piled up in its 110 warehouses located in U.S.

Accounting to aforementioned factors, automated storage and retrieval systems market in U.S. expanded with a growth rate of 8.3% historically. Whereas, it is forecast to surpass US$ 2,763 million by 2032 end. It will gain 313 BPS due to continuous advancements in “find the product and shelf it” codes in warehouse management software and warehouse execution software used in US storage facilities.

Stupendous growth rate as 10.8% will project in AS/RS equipment market during 2022 to 2032. Vertical lift modules are highly compact and fits best for small base and long height warehouses in US. Therefore, AS/RS system technology providers aiming to invest in US market must enter with highly optimized and cost-effective VLMs in advanced storage and retrieval systems.

Category-wise Analysis

How Integrated Automated Storage & Retrieving System Projected to Grab Maximum Share in Market?

Out of the major categories associated with automated storage and retrieval systems market (Standalone & Integrated), integrated AS/RS design is anticipated to escalate within upcoming 5-years. Factor comprehending above insight is its ability to process highly complex storage infrastructure with minimal cost, energy and space blocking.

Integrated AS/RS system comprise of warehouse execution software which intelligently utilize the time and space available. Being highly advanced and optimized technology, it differentiates parcels on the basis of lot numbers, packaging requirements, cut off times, expiration dates, first in first out & last in first out bifurcations.

Such technically sound AS/RS system is estimate to reach market value of US$ 18,501 million by 2032 end with overall market share around 73.8%. An excellent growth rate of 12.5% is likely to project with gain of 880 BPS during the forecast duration.

Why AS/RS systems in Food & Beverage Industry under Great Demand?

Out of most prominent industries implementing the automated storage and retrieving system, food and beverages stores holds maximum demand opportunities for upcoming half-decade. AS/RS systems when implemented in food industry provides benefits of monitoring food expiration date, last-in-first-out (LIFO) segregation and lot number allocation. In addition, it benefits beverage industry in differentiating volatile and non-volatile solutions.

During the COVID-19 pandemic, human touch to food items became highly prohibited, hence increase in demand for such fully computerized storage and retrieving systems increased. As a result, food & beverages industry accounts for 1220 BPS gain during forecast period. It is forecast to surpass US$ 7,388 million by 2032 end and will consume ~30% of overall market.

Increasing trend of food e-marts and online shopping stores will improve the present scenario of food and beverage associated AS/GS market outlook. Implementation of AI in AS/RS systems is expected to multiply its overall generated revenue by factor of 2.6X. Large number of food sectors, especially cold storage facilities present in Europe and North America will gain traction in next 2-5 years.

Competition landscape: Top Companies of Automated Storage and Retrieval Systems Market

Market players in automated storage and retrieval systems business have mainly opted for growth oriented strategies which includes implementation rate of automation technology. In addition, branding and continuous technical advancements in the aforementioned technology hits the top position in their priority list. These strategies are helping the global players to expand their regional footprint and garner maximum market share thus providing technical advantage.

Fact.MR has provided detailed information about price points of top service providers of automated storage and retrieval systems positioned across regions, implementation growth, and speculative technological growth in the recently published report.

• Daifuku North America’s owned subsidiary, Wynright Corporation expanded its operational facilities in Hobart, by 2021 end with an aim of manufacturing intelligent material handling framework.
• In 2019, Japan’s Daikfuku wholly owned Vega Automation Corporation with an aim to update warehouse infrastructure in India.
• Vanderlande Industries delivered its first ever ADAPTO shuttle based AS/RS system being its largest automated storage and retrieval system ever sold to Leroy Merlin in 2021.

Similar, recent developments related to companies offering in big data analytics technology have been tracked by the team at Fact.MR, which are available in the full report.

Automated Storage and Retrieval Systems Market Key Segments

• By Type

  • Unit-load AS/RS
  • Mini-load AS/RS
  • Vertical Lift Modules (VLMs)
  • Horizontal Carousels
  • Vertical Carousels
  • Shuttle- and Bot-based AS/RS
  • Micro-Load (Stocker)

• By Category

  • Standalone
  • Integrated

• By Industry

  • Automotive
  • Food and Beverage
  • Electrical and Electronics
  • Healthcare
  • Retail and e-commerce
  • Others