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According to a new market research report published by Credence Research “Automated Storage and Retrieval System Market Size by Type (Unit Load, Mini Load, Vertical Lift Module, Carousal, Micro-load), by Industry (Automotive, Food and Beverages, Chemical, Electronics and Semiconductors, Metal and Machinery, E-commerce, Third Party Logistics, Other) - Growth, Future Prospects, Competitive Landscape, and Forecast, 2016-2024”, automated storage and retrieval system market is estimated to grow at a CAGR of 6.8% from 2016 to 2024.

The complete report is available at

Market Insights

Automated storage and retrieval system (ASRS) is an automated system which is applied for efficient in-house storage and handling of material. With the rise in industrialization across the world, production capacities of manufacturing industries are growing perpetually. To manage and organize the material required for manufacturing, proper material handling and storage is required, which indirectly affects the production capabilities of any plant. This has been a major driver for the development and growth of automated storage and retrieval system. ASRS is one of the most significant and accurate methods for material storage and retrieval process. It also reduces the time and human workforce required for material handling. Consequently, the demand for ASRS system is expected to continue exhibiting promising growth during the forecast period.

ASRS is segmented into different aspects including types and end-use industries. On the basis of types, ASRS are divided into unit load ASRS, mini load ASRS, vertical lift module, carousel type ASRS, and micro-load ASRS. ASRS is further segmented in accordance with the different industry which uses automated storage and retrieval system. These end-use industries considered in the scope include automotive, food and beverages, chemicals, metal and machinery, electronics and semiconductors, e-commerce, third-party logistics and others. Apart from aforesaid industries, ASRS are also used in industries such as aviation, textile, paper and health care.

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Competitive Insights:

Automated storage and retrieval system is a growing market with a large number of players operating in it. ASRS manufacturers face a breathtaking competition to stay in the market. International players such as Daifuku Co. Ltd., Schaefer Holdings International GmbH, Murata Machinery Ltd., Knapp Logistics Automation GmbH, KuKa System North America, Dearborn Mid-West Conveyor Co. and many others make the ASRS market quite fragmented. Manufacturers are trying to come up with new storage and retrieval solution such as custom ASRS and different strategies to inculcate the need for ASRS in industries of developing nations.

Key Trends:

  • Customization of automated storage and retrieval system as per requirement of the consumers.
  • The emergence of e-commerce and online shopping, boosting the importance of warehouse management and ASRS.
  • Adoption of ASRS in manufacturing plants in developing countries.


About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.


Name: Chris Smith

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