Automated Storage and Retrieval Systems (ASRS) Market Size Report 2028

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Report Code TIPTE100000329   No. of
Pages 175   Category Electronics and
Semiconductor 

• Automated Storage and Retrieval Systems (ASRS)
  Market Size, Growth, Industry Analysis By
  Forecast 2028

www.theinsightpartners.com
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• Automated Storage and Retrieval Systems (ASRS)
  Market Insights

The automated storage and retrieval systems
(ASRS) market is projected to grow from US
2,724.27 million in 2022 to US 4,681.40 million
by 2028 it is estimated to record a CAGR of 7.0
from 2022 to 2028. An ASRS consists of several
computer-controlled methods that enable the
placement of loads and picking up a function of
the load from a storage location. They best serve
their purpose at places where high volumes of
capacity need to be moved, stored, or retrieved
more economically. These systems increase the
storage density of loads and overcome the space
constraint issues faced by several end users.
These systems are used mainly at manufacturing
sites, distribution centers, and institutions.
ASRS helps in automatically bringing items
directly to the operator. It can be operated as a
standalone system or integrated into a linked
system. Common operations of ASRS include
consolidation, order picking, buffering, kitting,
inventory storage, parts handling, and buffer
storage. ASRS systems eliminate walk and search
time, thereby increasing productivity and
efficiency. Space-efficient ASRS systems also
help reduce underutilized floor space by storing
all the materials in one compact area, thus,
providing larger storage capacity than shelving
and racking in aisles. Furthermore, it helps
reduce labor costs since the automation of
processes reduces the involvement of several
individuals, and it generally requires one person
to operate such systems.
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• MARKET SEGMENTATION

MARKET SEGMENTATION

• Global Automated Storage and Retrieval Systems
  (ASRS) Market By Type
• Unit Load ASRS,
• Mini Load ASRS,
• Vertical Lift Module,
• Vertical Carousels,
• Horizontal Carousels,
• AutoStore
• Global Automated Storage and Retrieval Systems
  (ASRS) Market By End-User Industry
• Automotive,
• Food Beverages,
• Electronic Semiconductors,
• E-Commerce,
• Chemicals,
• Aerospace,
• Retail,
• Pharmaceuticals

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• REGIONAL INSIGHTS

The automated storage and retrieval systems
(ASRS) market in North America is segmented into
Canada, the US, and Mexico. The US accounted for
the largest share in the automated storage and
retrieval systems (ASRS) market in North America.
Unavailability of cheap labor and growing
automation in factories are mainly driving the
automated storage and retrieval systems (ASRS)
market in US. Additionally, the revival of the
automotive industry owing to cheap gas prices has
bolstered the demand for automated storage and
retrieval systems (ASRS) in the automotive
industry. Moreover, the aerospace industry has
been continuously spending huge amounts on
research and development, which comprises careful
handling of fragile and critical spare parts and
components. Owing to all these factors, the
automated storage and retrieval systems (ASRS)
market in the US is expected to grow during the
forecast period.
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• REGIONAL INSIGHTS

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• Key findings of the study

Growing Demand for Cold Chain ASRS to Drive
Automated Storage and Retrieval Systems (ASRS)
Market Growth in Coming Years ASRS allows
storing more pallets in a smaller cubic area,
which reduces energy operating costs used for
refrigeration in cold storage. According to Gubba
Cold Storage, ASRS enables the storage of more
pallets in a smaller cubic area, which helps
reduce the total energy cost on refrigeration. It
further reduces the thermal transfer impact
through the roof and wall area, thus, reducing
energy consumption. Moreover, ASRS requires
limited lighting and it eliminates the need for
large doors to be repetitively opened and closed
for forklift access, which helps reduce energy
consumption. Thus, adoption of ASRS in cold
storage helps to reduce cost spend on energy
which is propelling the demand for ASRS in cold
storage. Furthermore, employee turnover in cold
storage or freezer environments is generally
higher compared to typical warehouses. Since all
the pallet handling tasks are controlled
automatically by ASRS in cold stores, it is not
needed for the operational staff to work in a
harsh cold environment. Furthermore, the staff
employed in cold storage are required to take
constant breaks from working in sub-zero
conditions, which may reduce productivity and
increase operational costs. Thus, growth in
demand for cold chain ASRS will act as a trend in
the automated storage and retrieval systems
(ASRS) market in the future.
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• REPORT HIGHLIGHTS

• Our report on Accounting Software Market cover
  following key parameters
• Comprehensive market analysis at global, regional
  and country level
• Detailed PEST (Political, Economic, Social and
  Technological) factors impacting the market
  across key geographic regions such as North
  America, Europe, Asia Pacific, Middle East
  Africa, and South America
• Market dynamics (drivers, restraints,
  opportunities, and future trends) and impact
  analysis of drivers and restraints at short-term,
  mid-term and long-term
• Market size and forecasts in terms of revenue
  2018 (historic), 2019 (base year), 2019 27
  (forecast period)
• In-depth market segmentation and deep dive
  regional and country level analysis of 18
  countries across 5 key regions
• Key company profiles and industry landscape to
  provide latest market initiatives and competitive
  landscape
• Impact of COVID19 pandemic on ecosystem and the
  market

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• REPORT HIGHLIGHTS

The Insight Partner's dedicated research and
analysis team consist of experienced
professionals with advanced statistical expertise
and offer various customization options in the
existing study.
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