The mini-load automated storage and retrieval system market is projected to witness a CAGR of 11.96% during the forecast period to reach a market size of US$8.243 billion by 2027, increasing from US$3.739 billion in 2020. Mini load AS/RS stores tiny components in less area with quicker performance than its technical ancestors. Enterprises across the globe are focusing more on adopting diverse technologies for their business operations to reduce operational costs and gain a competitive advantage in the market. Mini load AS/RS is considered one of the most dynamic solutions in material handling equipment and its adoption has increased in warehouses and distribution centers. Various end-user industries such as food and beverage, life science, and the manufacturing sector have realized the benefits of using mini-load AS/RS across various stages in their supply chain process, ranging from mundane to difficult tasks which are anticipated to drive the overall market growth during the forecast period. Large firms across the globe are looking forward to expanding and upgrading their factories, warehouses, and existing research and development facilities which has increased the adoption of mini-load AS/RS for improved productivity and efficiency which in turn, is projected to fuel the overall market growth during the forecast period. Furthermore, driving investments in infrastructure by the government of various economies will further drive the demand for mini-load AS/RS. In addition, the growing adoption of automation in the manufacturing sector owing to the shortage of skilled laborers in various countries will further contribute to the overall market growth.

Growth Factor:

Growing demand for AS/RS across several end-USER industries

One of the prime reasons which are supporting the growth of the market is the growing demand for mini-load AS/RS across various end-user industry verticals. The utilization of AS/RS helps many industries to ease their material handling and product storing processes which have increased their adoption across warehouses and plants. Moreover, the growing retail sector across the globe has increased the demand for more warehouses and their management in multiple regions which are projected to drive the overall market growth during the forecast period. For instance, Costco Wholesale Corporation installs new warehouses every year with consistent growth. Additionally, changing purchasing pattern and shift toward online shopping has boosted the e-commerce sector globally which in turn has increased the demand for AS/RS across the retail industry during the forecast period. Furthermore, the manufacturing sector has also witnessed the growing adoption of robotics engineering and technology in its supply chain and production process which will significantly contribute to the overall market growth. Mini load AS/RS provides various benefits to the industry users such as high-density storage, energy management, fast installation, easy maintenance, easy operation, etc. owing to which their adoption is increasing across various end-user industries which will further boost the overall market growth.

Key Development:

• In November 2021, Tee Yih Jia Food Manufacturing Pte Ltd, a leading frozen foods producer, and SSI SCHAEFER, a leading company in warehousing and distribution solutions, announced the opening of the largest automated rack-clad high bay warehouse storage unit in Singapore in the first quarter of 2022 at the company's new $450 million manufacturing plant in Senoko.
• In March 2022, Berkshire Grey Inc. and Swisslog announced a collaboration to supply robotic solutions to aid grocery/e-grocery, e-commerce, and consumers meet the expectations of today's connected purchasers while addressing widespread labor shortages. Swisslog and Berkshire Grey are working together to provide new, AI-enabled robotics solutions to global organizations looking to automate real-time order fulfillment.

COVID-19 Impact on the Mini Load Automated Storage and Retrieval System Market

The COVID-19 pandemic negatively impacted the mini-load automated storage and retrieval system market. The robust outbreak of the virus and its exponential spread along the masses increased safety and health concerns, which resulted in the implementation of nationwide lockdowns around the globe. The physical shutdown resulted in hampering operations across numerous end-user industries and hence a considerable fall in demand. Furthermore, international trade barriers led to supply chain constraints, which resulted in manufacturing disruption. Major players in the market witnessed a large dip in their revenues owing to these factors.

Mini Load Automated Storage and Retrieval System Market Scope:

Market Segment:

• By Load Capacity
  • Up To 200kg
  • 200kg – 400kg
  • More Than 400kg
• By End-User
  • Manufacturing
  • Healthcare
  • Retail
  • Food And Beverage
  • Paper
  • Others
• By Technology
  • Autostore
  • Shuttles
  • Automated Guided Vehicle
  • Crane- And Carousel-Based Solutions
•  By Geography
  • North America
    • U.S
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Others
  • The Middle East And Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • Indonesia
    • Taiwan
    • Thailand
    • Others