Automated Storage and Retrieval Systems (ASRS) Global Market is Projected to Reach $13 Billion by 2030: Rising Demand Automated Material Handling Solutions to Favor Growth


Dublin, July 05, 2023 (GLOBE NEWSWIRE) -- The "Automated Storage and Retrieval Systems (ASRS): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Automated Storage and Retrieval Systems (ASRS) estimated at US$7.5 Billion in the year 2022, is projected to reach a revised size of US$13 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Unit Load, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$4.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Mini Load segment is readjusted to a revised 6.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 8.4% CAGR

The Automated Storage and Retrieval Systems (ASRS) market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 8.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 6.5% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 6.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2030.

Select Competitors (Total 104 Featured) -

  • Bastian Solutions, Inc.
  • Beumer Maschinenfabrik GmbH & Co. KG
  • Daifuku
  • Dematic Group
  • Kardex
  • KNAPP AG
  • KUKA AG
  • Mecalux, S.A.
  • Murata Machinery
  • Schaefer Systems International, Inc.
  • System Logistics
  • TGW Logistics Group GmbH
  • Toyota Material Handling
  • Vanderlande Industries B.V.

Key Attributes:

Report AttributeDetails
No. of Pages603
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$7.5 Billion
Forecasted Market Value (USD) by 2030$13 Billion
Compound Annual Growth Rate7.1%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and a Looming Global Recession
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Industrial Activity to Remain Subdued in the Immediate Term
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Material Handling Equipment: An Integral Part of Supply Chain
  • An Introduction to Automated Storage and Retrieval Systems (ASRS)
  • Types of Automated Storage and Retrieval Technologies & Systems
  • Functions of AS/RS Systems
  • Applications of AS/RS Systems
  • Benefits of Using ASRS
  • Global ASRS Market: Need for Optimum Space Usage and Increased Supply Chain Efficiencies Drives Growth
  • ASRS Helping Western Businesses Reshore Manufacturing Operations for the Post-Pandemic World
  • Developing Economies to Spearhead Growth in ASRS Market
  • Competition
  • World Brands
  • Recent Market Activity
  • Automated Storage and Retrieval Systems (ASRS) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • ASRS System: The Mainstay of Automated Material Handling Logistics
  • Rising Demand Automated Material Handling Solutions to Favor Growth in AS/RS Market
  • Automated Storage & Retrieval System Enhances Quality and Efficiency of Warehousing Operations
  • Fully Automated Warehouses to Become More Common Post-COVID-19 Period
  • Significant Advantages of AS/RS Systems for Warehouse Automation
  • Warehouses and Distribution Centers Leverage ASRS in Various Applications
  • Factors Impacting the Cost of AS/RS Systems for Warehouses & Distribution Centers
  • Trend towards Industry 4.0 Drives Need for Automated Storage & Retrieval Systems
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • The Internet of Things Gains Prominence for Automated Storage & Retrieval Systems
  • Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2020, 2022 and 2025
  • Integration of MHE with Warehouse Management Systems to Improve Efficiency
  • Third Party Logistics (3PL): Expansion in Industrial Manufacturing, Retail and Wholesale Sectors to Drive Market Opportunities
  • Global 3PL Market Revenue Share by End-Use Sector (2020)
  • ASRS Systems for E-Commerce Industry: Strong Growth of E-Commerce Market to Boost Market Prospects
  • COVID-19 Drives Robust Growth in E-Commerce Sales: Potential for ASRS Market
  • Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
  • Global e-Commerce Sales as Percentage of Total Retail Sales (2015-2021E)
  • ASRS Emerges as a Vital Aspect of Warehouse and Distribution Automation in Food & Beverage Industry
  • Global Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018 and 2020E
  • Changing Conditions in Food & Beverage Industry Drive Adoption of ASRS Technology
  • Beverage Industry Adopts Automated Material Handling Technology
  • Transition of Material Handling Needs in Automobile Industry to Support AS/RS Implementations
  • Recovery in Automotive Industry Post COVID-19 to Steer Demand
  • World Automobile Production in Million Units: 2008-2022
  • Growing Prominence of Automated Storage & Retrieval Systems in Consumer Electronics Production Units
  • Global Electrical & Electronics Equipment Market Growth Outlook (In %) For Years 2019 Through 2025
  • ASRS for Healthcare Warehouse and Supply Chain: Ensuring Efficient Space Use and Managing Supplies
  • Automated Storage & Retrieval in Hospital Supply Chain
  • Rising Adoption of Automated Systems in Pharmaceutical Manufacturing Operations to Boost ASRS Market
  • Automated Storage & Retrieval Systems Continue to Make Gains in Laboratory Applications
  • Urbanization Ups the Need for Efficient Order Fulfilment Systems
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Goods-to-Robot Picking System: An Advancement in Order Fulfillment Automation
  • Unit Load Systems Seek Bigger Role
  • Vertical Lift Module Market: An Important Component of ASRS
  • AutoStore Contributes to Flexible Automation of Warehouses
  • Plastic Pallets Hold an Edge over Wooden Pallet in ASRS Systems
  • Plastic Pallets Emerge as Ideal Platforms for Automated Storage and Retrieval Systems
  • 3D Shuttle-Based Pallet ASRS: Addressing Needs of Space Constrained Distribution Facilities
  • Hybrid AMR and AS/RS Systems Emerge to Address Post Pandemic Industry Needs
  • Aging Workforce & Focus on Worker Safety Drives Demand for Automated ASRS Systems

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/jqn9iw

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Global Market for Automated Storage and Retrieval Systems (ASRS)

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