What’s Next for the Automated Storage and Retrieval System (AS/RS) Market? Key Findings and Future Projections

According to the study by Next Move Strategy Consulting, the global Automated Storage and Retrieval System (AS/RS) Market size is predicted to reach USD 11.48 billion with a CAGR of 8.1% by 2030.

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The automated storage and retrieval system market demand is experiencing strong growth due to the rapidly growing e-commerce industry across the globe that uses this system for enhancing warehouse operations and improving order processing efficiently.

Additionally, the rising labor cost across the globe is further increasing the demand for automated solutions in various industries such as manufacturing and e-commerce.

North America dominates the automated storage and retrieval system market share and is expected to continue its dominance during the forecast period.

Various market players operating in the automated storage and retrieval system industry include Kardex Holding AG, Daifuku Co., Ltd., Murata Machinery, Ltd., SSI Schaefer AG, TGW Logistics Group, Kion Group AG, Mecalux, S.A., Beumer Group GmbH & Co. KG, Toyota Industries Corporation, and Westfalia Technologies Inc.