North American Automated Storage and Retrieval System (ASRS) Market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.1% during the forecast period. The growth is majorly driven by the increasing application of these systems in end-user industries such as retail, e-commerce, automobile, and healthcare industry among others. In addition, the well-established ICT infrastructure of the region has made a considerable contribution to the growth of automation in several industries of the region. Technologies such as ASRS has been increasingly adopted in various industries since it is a type of warehouse technology in which goods are automatically retrieved and returned to storage. This is typically achieved by combining the technology with Warehouse Execution Software (WES) that manages the process and assists warehouse staff while processing orders.
The development of technological infrastructure in major economies of North America such as the US and Canada along with increasing automation in warehouses are making a considerable contribution towards the growth of the ASRS market in the region. Canada is anticipated to make a considerable contribution to market growth. The application of ASRS in the e-commerce and manufacturing industry is widely adopted and boosted the market growth in the country. The e-commerce industry in Canada has been flourishing due to rapid urbanization and cohesive government policies. With the increasing e-commerce industry, the demand for easy storage and retrieval of these products has also been increased in the country.
The North American ASRS market is segmented on the basis of type and industry. On the basis of type, the market is segmented into the unit load, mini load, vertical lift module (VLM), carousel, and auto store. Mini load ASRS handles totes, trays, and cartons rather than full pallets. Mini load ASRS is used considerably in retail, e-commerce and 3PL providers. Based on the industry, the market is automotive; chemical, metals & heavy machinery; food & beverages; healthcare; retail, third-party logistics (3PL), and e-commerce; and others such as aviation and manufacturing.
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North American ASRS Market Segmentation
By Type
- Unit Load
- Mini Load
- Vertical Lift Module
- Carousel
- Auto Store
By Industry
- Automobile
- Chemical, Metals & Heavy Machinery
- Food & Beverages
- Healthcare
- Retail, Third-Party Logistics, and E-Commerce
- Others (Aviation, Manufacturing Industry)
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Regional Analysis
- United States
- Canada
Company Profiles
- Automation Logistics Corp.
- BEUMER Group
- Dearborn Mid-West Co. LLC
- Green Automated Solutions, Inc.
- Hänel Storage Systems
- Honeywell International, Inc.
- MECALUX Group
- Modula, Inc.
- Schaefer Systems International, Inc.
- The Raymond Corp.
- Westfalia Technologies, Inc.
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