North America Automated Storage and Retrieval Systems Market Size & Share 2024-2032

July 12, 2024 alex

Table of Contents

North America Automated Storage and Retrieval Systems Market Outlook

According to the report by Expert Market Research (EMR), the North America automated storage and retrieval systems market size attained a value of USD 3.44 billion in 2023. Aided by the increasing demand for efficient inventory management solutions and the growing applications of AS/RS in various industries, the market is projected to further grow at a CAGR of 7.50% between 2024 and 2032 to reach a value of USD 6.64 billion by 2032.

Automated storage and retrieval systems (AS/RS) are computer-controlled systems used for automatically placing and retrieving loads from defined storage locations. These systems are designed to increase efficiency and reduce labor costs in various storage and retrieval operations. AS/RS are extensively used in manufacturing, distribution, retail, and warehousing applications to optimize space utilization and improve operational efficiency.

Market Drivers

The increasing need for efficient inventory management solutions is driving the North America automated storage and retrieval systems market growth. With the rapid growth of e-commerce and the rising consumer expectations for fast and accurate order fulfillment, businesses are increasingly adopting AS/RS to streamline their warehouse operations and enhance their supply chain efficiency. Additionally, the growing trend of automation in various industries, driven by the need to reduce labor costs and improve productivity, has further contributed to the increasing demand for AS/RS.

The adoption of AS/RS in the manufacturing sector is another significant driver of market growth. These systems enable manufacturers to efficiently manage their raw materials, work-in-progress inventory, and finished goods, thereby reducing lead times and improving production efficiency. Moreover, the increasing focus on lean manufacturing and just-in-time (JIT) inventory management practices has led to a surge in the adoption of AS/RS in the manufacturing sector.

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Technological Advancements

Technological advancements in AS/RS are key factors propelling the market. Innovations in robotics, artificial intelligence (AI), and machine learning (ML) have led to the development of advanced AS/RS solutions that offer improved accuracy, speed, and flexibility. These advancements have enabled businesses to handle a wide range of products and adapt to changing market demands more efficiently.

The integration of AS/RS with warehouse management systems (WMS) and enterprise resource planning (ERP) systems has also enhanced the overall efficiency of inventory management processes. This integration enables real-time visibility and control over inventory, allowing businesses to optimize their storage and retrieval operations and improve their decision-making processes.

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North America Automated Storage and Retrieval Systems Market Segmentation

The market can be divided based on type, by function, end use and Country.

Market Breakup by Type

Unit Load
Mini Load
Carousel
Vertical Lift Module
Mid Load

Market Breakup by Function

Assembly
Distribution
Kitting
Order Picking
Storage
Others

Market Breakup by End Use

Automotive
Healthcare
Retail and E-Commerce
Aerospace and Defence
Electronics and Semiconductor
Others

Market Breakup by Country

United States of America
Canada

Competitive Landscape

Some of the prominent players operating in the market include:

Daifuku Co., Ltd.
Honeywell International Inc.
KUKA AG
KNAPP AG
Toyota Industries Corp.
Murata Machinery, Ltd.
FRITZ SCHAFER GMBH & CO. KG
Bastian Solutions, LLC
viastore SYSTEMS Inc.
Others

Market Trends and Innovations

Several emerging trends and innovations are shaping the North America automated storage and retrieval systems market. The increasing adoption of shuttle-based AS/RS is one such trend. Shuttle systems offer high throughput and flexibility, making them ideal for applications that require fast and accurate handling of a wide range of products. The use of AGVs (Automated Guided Vehicles) and AMRs (Autonomous Mobile Robots) in conjunction with AS/RS is also gaining traction, providing businesses with enhanced automation and operational efficiency.

The development of micro-fulfillment centers (MFCs) is another significant trend. MFCs are small, automated warehouses located close to urban areas, designed to enable fast and efficient order fulfillment for e-commerce and retail businesses. The adoption of AS/RS in MFCs is driving the growth of the market, providing businesses with the ability to handle high volumes of orders efficiently and meet the growing consumer demand for fast delivery.

Challenges and Opportunities

While the North America automated storage and retrieval systems market holds significant growth potential, it also faces challenges that need to be addressed to ensure sustained expansion. The high upfront cost of AS/RS solutions remains a barrier for many businesses, particularly small and medium-sized enterprises (SMEs). Continued efforts to reduce costs through economies of scale and technological advancements are essential to make AS/RS more accessible to a broader range of businesses.

The integration of AS/RS with existing warehouse and IT infrastructure is another critical challenge. Ensuring seamless integration with WMS, ERP, and other systems is crucial for maximizing the benefits of AS/RS and achieving operational efficiency. Collaboration between AS/RS providers and IT vendors will be crucial in overcoming this challenge and delivering integrated solutions that meet the needs of businesses.

The need for skilled labor to operate and maintain AS/RS is also a concern. Businesses must invest in training and development programs to ensure their workforce has the necessary skills to manage and maintain these advanced systems. Additionally, the development of user-friendly interfaces and intuitive control systems can help reduce the learning curve and make AS/RS more accessible to operators.

Future Outlook

Looking ahead, the future of the North America automated storage and retrieval systems market is characterized by innovation, efficiency, and collaboration. The continued advancement of robotics, AI, and ML, coupled with investments in infrastructure and supportive government policies, will drive market growth and accelerate the adoption of AS/RS in various industries.

Strategic partnerships and collaborations between AS/RS providers, technology companies, and industry stakeholders will play a vital role in shaping the AS/RS ecosystem and delivering integrated solutions that meet the evolving needs of businesses. The rise of smart warehouses and the integration of AS/RS with IoT (Internet of Things) and big data analytics further highlight the market’s potential to transform inventory management and create efficient, connected supply chains.

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