Automated storage and retrieval systems (ASRS) are a major part of many warehouse automation systems that have the ability to sort, sequence, buffer, and store a wide range of goods into virtually unlimited destinations. It mainly comprises of storage and retrieval machines, rack structure, conveyor interface, and warehouse control system. ASRS has a wide range of applications in warehouses and distribution centers such as finished goods storage, goods to person picking, order fulfillment and many more. Apart from all this, it also helps in managing all the functions of automated equipment and tracking load movements in and out of the system.

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By geography, Europe is projected to have the highest CAGR, due to the presence of a large number of key players in this region, along with the large customer base. The region has an exceptionally high labor cost; therefore, manufacturers in European countries have been adopting automated solutions to reduce the overall operational costs. Implementing these solutions helps manufacturers maintain a competitive edge by facilitating efficient management of overall warehousing operations. Furthermore, the presence of large companies with global warehousing and distribution operations, and sustained growth of the e-commerce industry are driving the growth of the ASRS market in Europe.

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Some of the key players profiled in the Automated Storage and Retrieval Systems Market include SSI Schäfer AG, Daifuku Co., Ltd., TGW Logistics Group, Toyota Industries Corporation, Honeywell Intelligrated, Dematic, Swisslog Holding AG, Beumer Group GmbH, Knapp AG, Murata Machinery, Ltd, Material Handling Systems, System Logistics S.P.A., Witron Logistik + Informatik GmbH, Kardex Holding AG, and Viastore Systems GmbH.

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