The global ASRS market size is projected to grow from USD 8.3 billion in 2022 to USD 11.8 billion by 2027, at a CAGR of 7.4% from 2022 to 2027. Factors such as a wide range of applications and rising demand from various industries, including food & beverage, healthcare, and automotive, ongoing advances in warehouse automation, and growing digitalization are propelling the demand for ASRS market solutions.
Daifuku, Murata Machinery, SSI Schaefer, TGW Logistics, and Kardex are the top five players in the ASRS market globally. These companies offer a wide range of ASRS market solutions, as well as related solutions and services, and have operations worldwide. They rely on their R&D capabilities and diversified product and service portfolios to increase their market share.
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Daifuku is a major player in the ASRS market involved in designing and manufacturing innovative solutions in this market. The company mainly provides automated storage and retrieval systems (ASRS) under its intralogistics business. This business offers the ASRS line of products through its manufacturing and distribution systems category. The segment provides automated storage systems, transport, sorting, and picking systems to various industries, including e-commerce, retailers, wholesalers, transportation and warehousing, food, pharmaceuticals, and chemicals.
Murata Machinery focuses on new opportunities to expand its business worldwide. According to the Five-Year Plan of Murata Machinery, its three main objectives are to achieve quality, innovation, and internationalization. The company has been restructured and reestablished to be more adaptable to changes in the business environment by focusing on strategies such as collaborations and acquisitions.
SSI Schaefer is a major player in the ASRS market. The company has a vast product portfolio of ASRS. The company focuses on acquiring to expand its geographic presence and product portfolio. For instance, in February 2020, the company extended its contract with BD Rowa for five more years. BD Rowa is one of the key manufacturing companies using ASRS systems manufactured by SSI Schaefer. This extended contract will help the company to consolidate its position in the European market.
Automated Storage and Retrieval System (ASRS) Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Micro Fulfilment Center, Dark Stores, Industry, and Region - Global Forecast to 2027
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