Report : North America Automated Storage and Retrieval System (ASRS) Market Forecast to 2030 - COVID-19 Impact and Regional Analysis by Type (Unit Load ASRS, Mini Load ASRS, Vertical Lift Module, Vertical Carousels, Horizontal Carousels, AutoStore, and Others) and End use Industry (Automotive, Food & Beverages, Electronic & Semiconductors, E-Commerce, Chemicals, Aerospace, Retail, Pharmaceuticals, and Others)

At 6.7% CAGR, the North America Automated Storage and Retrieval System (ASRS) Market is speculated to be worth US$ 1,159.30 million by 2030, says The Business Market Insights

According to the Business Market Insights’ research, the North America Automated Storage and Retrieval System (ASRS) market was valued at US$ 688.51 million in 2022 and is expected to reach US$ 1,159.30 million by 2030, registering a CAGR of 6.7 % from 2022 to 2030. Optimized and space–efficient storage system and need for efficient supply chain to the North America Automated Storage and Retrieval System (ASRS) market expansion.

The growing population in the region is remarkably impacting the demand for multiple product categories in industries such as automotive, pharmaceutical, retail, electronics, food & beverages, and many other. To cater to this increasing demand, manufacturers have expanded their production significantly. However, increased production demands for the extensive requirement of storage spaces, efficient in terms of both occupied floor space and cost incurred. Warehouses, storage centers, and distribution centers play a vital role in maintaining the stocks of consumer goods for various companies. Minimal damage to the product while storage, limited storage costs, and fast pick and drop of goods are the factors that manufacturers and supply chain partners are opting for storage purposes and further movement of goods.

Diverse storage solutions such as unit load, mid-load, carousels, and VLM serve various purposes to their users with added value, thereby helping them in reducing costs. For instance, VLMs save more than 80% of floor space by stacking the material on vertical shelves. Also, these storage systems are designed so that storing and picking up goods becomes less time-consuming and more efficient and helps increase productivity at the workplace. Similarly, horizontal and vertical carousels are used for the storage of small parts and tools used either at the manufacturing plant shop floor or for the storage of consumer goods. Moreover, the modular structure of these systems ensures flexibility and scalability. Thus, the need for fast, space-efficient, and cost-effective storage systems, along with maximum throughput and productivity, is driving the North America Automated Storage and Retrieval System (ASRS) market across most end-user industries.

On the contrary, requirement of high initial investment hurdles the growth of the North America Automated Storage and Retrieval System (ASRS) market

Based on type, the North America Automated Storage and Retrieval System (ASRS) market is segmented into unit load ASRS, mini-load ASRS, vertical lift module, vertical carousels, horizontal carousel, autoStore, and others. The vertical lift modules segment held 32.7 % market share in 2022, amassing US$ 225.31 million. It is projected to garner US$ 304.72 million by 2030 to expand at 3.8% CAGR during 2022–2030.

Based on end use industry, the North America Automated Storage and Retrieval System (ASRS) market is segmented into automotive, food & beverage, electronics & semiconductor,

e-commerce, chemical, aerospace, retail, pharmaceutical, and others. The e-commerce segment held 15.5 % market share in 2022, amassing US$ 106.70 million. It is projected to garner US$ 142.59 million by 2030 to expand at 3.7% CAGR during 2022–2030.

Based on country, the North America Automated Storage and Retrieval System (ASRS) market has been categorized into the US, Canada, Mexico. Our regional analysis states that the US captured 60.4 % share of the North America Automated Storage and Retrieval System (ASRS) market in 2022. It was assessed at US$ 415.77 million in 2022 and is likely to hit US$ 666.54 million by 2030, exhibiting a CAGR of 6.1% during the forecast period. 

Key players dominating the North America Automated Storage and Retrieval System (ASRS) market are SSI Schafer; Swisslog Holding AG; System Logistics SpA ; Bastian Solutions LLC; Daifuku Co Ltd; Kardex Holding AG; KNAPP AG; Mecalux SA; Vanderlande Industries BV; and Autocrib Inc among others.   

  • In Jan 2023, KNAPP Provides the Automation of the Future for Farmasiet.  
  • In April 2022, Kardex Mlog constructs additional high-bay warehouse for Eisbär Eis.

Contact Us
Contact Person: Sameer Joshi 
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com

Download Free PDF Brochure