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Automated Storage and Retrieval System Market Share

Report ID: GMI6968
Published Date: Oct 2023
Report Format: PDF

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Automated Storage and Retrieval System Market Share

Major companies operating in the automated storage and retrieval system industry are:

Bastian Solutions, LLC
Daifuku Co. Ltd
Dematic (Kion Group AG)
Honeywell International Inc.
IHI Corporation
Kardex Group
Knapp AG
KUKA AG
Murata Machinery Ltd
Schaefer Systems International Pvt Ltd

Daifuku Co. Ltd and Knapp AG are dominating the automated storage and retrieval system industry. The major companies operating in the market continually invest in research and development to enhance their system capabilities. This includes developing more efficient and flexible solutions, improving integration with other warehouse technologies, and incorporating advanced features such as robotics and artificial intelligence.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automated storage and retrieval system reached USD 8.1 billion in 2022 and is set to witness over 8% CAGR from 2023 to 2032, due to the rising number of workplace fatalities in warehouses.

The storage application segment held over 25% of the market share in 2022, owing to continuous innovations for enhancing storage density.

North America garnered over 38% of the market share in 2022, due to higher integration of sophisticated robotics, IoT capabilities, and AI algorithms. ?

Some of the major automated storage and retrieval system providers Bastian Solutions, LLC, Daifuku Co. Ltd, Dematic (Kion Group AG), Honeywell International Inc., IHI Corporation, Kardex Group, Knapp AG, and KUKA AG.