Impact of Automated Storage & Retrieval Systems on Material Handling Operations

The Automated Material Handling Systems (AMHS) Market is undergoing a significant shift with the rise of automated storage and retrieval systems (ASRS). In today’s competitive business environment, efficient material handling is essential for organizations across various sectors.

The Automated Material Handling Systems Market is projected to reach $70.1 billion by 2030, at a CAGR of 8.3% during the forecast period 2023–2030.

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ASRS automates the storage and retrieval of goods, materials, or inventory within a facility, utilizing a combination of hardware, software, and control systems to optimize storage operations. These systems are particularly prevalent in industries such as e-commerce, retail, manufacturing, and logistics, where effective inventory management and order fulfillment are crucial for success. ASRS maximizes vertical space utilization, enabling high-density storage and efficient use of floor space, while also facilitating quick and accurate item retrieval, thereby reducing order processing times and enhancing overall fulfillment speed.

Different types of ASRS include unit load systems, mini-load systems for lighter items, vertical lift modules, shuttles for handling cartons and trays, horizontal and vertical carousels, and cube-based storage systems that leverage robotics technology. Companies are increasingly adopting ASRS to optimize space utilization and lower energy consumption in their material handling processes.

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Recent developments in ASRS include:

• In June 2023, Hy-Tek LLC (U.S.) collaborated with HAI ROBOTICS Co., Ltd. (China) to implement ASRS solutions aimed at reducing customer storage footprints, enhancing workflow efficiency, maximizing order picking accuracy, and improving daily fulfillment rates.
• In November 2021, Honeywell International Inc. (U.S.) launched a new ASRS designed to help warehouses, distribution centers, and manufacturing sites process and fill orders more quickly and accurately, potentially minimizing their physical footprint.
• In 2020, Swisslog Holding AG (Switzerland) installed a fully automated retrieval solution for Mai Dubai (Dubai).

These advancements, combined with rising product demand in e-commerce and automotive sectors, increasing order volumes, and a growing need for swift and precise order fulfillment in retail, are driving substantial investments in ASRS, particularly in developing countries. This trend is expected to further propel growth in the AMHS market in the coming years.

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