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The automated storage and retrieval systems market size was valued at US$ 3.02 billion in 2024 and is projected to reach US$ 7.53 billion by 2035; it is expected to register a CAGR of 8.9% during 2025–2035. The integration of robotics in warehouse automation is likely to remain a key market trend.
Automated Storage and Retrieval Systems Market Analysis
ASRS is highly effective at places where high volumes of capacity need to be moved, stored, or retrieved more economically. These systems increase the storage density of loads and overcome the space constraint issues faced by several end users. These systems are used mainly at manufacturing sites, distribution centers, and institutions. ASRS helps in automatically bringing items directly to the operator. It can be operated as a standalone system or integrated into a linked system. Common operations of ASRS include consolidation, order picking, buffering, kitting, inventory storage, parts handling, and buffer storage. ASRS systems eliminate walk and search time, thereby increasing productivity and efficiency. Space-efficient ASRS systems also help reduce underutilized floor space by storing all the materials in one compact area, thus providing larger storage capacity than shelving and racking in aisles. Furthermore, it helps reduce labor costs since the automation of processes reduces the involvement of several individuals, and it generally requires one person to operate such systems.
Automated Storage and Retrieval Systems Market Overview
The e-commerce industry expansion, the growing need for optimized and space-efficient storage systems, and the emergence of automation in storage and retrieval tasks are among the main factors driving the demand for automated storage and retrieval systems worldwide. The rising manufacturing volume across industries and the need for an efficient supply chain are fueling the market. The integration of AI technology in ASRS and the increasing demand for cold storage ASRS are expected to create lucrative opportunities in the market during the forecast period. Further, soaring research and development activities, integration of robotics in warehouse automation, and evolution of next-generation ASRS are expected to generate future growth opportunities in the market.
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Automated Storage and Retrieval Systems Market: Strategic Insights
Market Size Value in US$ 2,724.27 million in 2022 Market Size Value by US$ 4,681.40 million by 2028 Growth rate CAGR of 7.0% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Automated Storage and Retrieval Systems Market: Strategic Insights
| Market Size Value in | US$ 2,724.27 million in 2022 |
| Market Size Value by | US$ 4,681.40 million by 2028 |
| Growth rate | CAGR of 7.0% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Automated Storage and Retrieval Systems Market Drivers and Opportunities
Growing Need for Optimized and Space-Efficient Storage Systems
The growing population worldwide is remarkably impacting the demand for multiple product categories in industries such as automotive, pharmaceutical, retail, electronics, and food & beverages. The rise in production activities leads to an enormous demand for spaces to store products until they are shipped to customers, distributors, or retail locations. In 2024, a corrugated packaging product manufacturer invested US$ 140 million to start the construction of a 550,000 sq. ft manufacturing and warehouse facility at 9423 Koessl Court in Pleasant Prairie, Wisconsin, US. The increased production demands extensive storage spaces, efficient in terms of both occupied floor space and cost incurred. Warehouses, storage centers, and distribution centers play a vital role in maintaining the stocks of consumer goods for various companies in order to prevent stockouts and manage inventory effectively. Minimal damage to the product while storage, limited storage costs, and fast pick and drop of goods are the factors that manufacturers and supply chain partners are opting for storage purposes and further movement of goods.
Industries focus on optimizing storage systems by enhancing cost-saving features through the adoption of ASRSs. These systems enable industries to maximize vertical and horizontal storage capacity within warehouses and distribution centers, allowing for high-density storage layouts. ASRS collects and stores goods in confined places using precise, automated handling technology such as cranes, shuttles, and carousels, decreasing the need for vast corridors and manual access areas.
Storage solutions such as unit load, mid-load, carousels, and vertical lift modules (VLMs) serve various purposes to their users with added value, thereby helping them reduce costs. For instance, VLMs save more than 80% of floor space by stacking the material on vertical shelves. Also, these storage systems are designed so that storing and picking up goods becomes less time-consuming and more efficient, and helps increase productivity at the workplace. Similarly, horizontal and vertical carousels are used for storing small parts and tools used either on the manufacturing plant's shop floor or for storing consumer goods. Thus, the need for fast, space-efficient, and cost-effective storage systems, along with maximum throughput and productivity, is driving the market for ASRS across industries.
Integration of AI Technology in ASRS
Technologically advanced companies worldwide are highly focused on developing new technologies across industries. Artificial intelligence (AI) is positioned at the core of the next-generation software technologies in the automated storage and retrieval system market. It helps users optimize storage layouts and retrieval paths, reducing the time required to process orders. Machine learning (ML) models predict demand trends that support warehouse managers in reducing stock discrepancies and overstock situations. AI-based systems automatically respond to shifting workloads, maintaining consistent performance during peak periods.
ASRSs integrated with AI support operators to manage, control, and optimize the storage and retrieval of items in warehouses and distribution facilities. These advanced systems continuously analyze real-time data and make intelligent decisions related to inventory placement, path optimization, and workload balance, thereby reducing human interaction, fewer errors, and higher throughput. AI-based ASRS helps industries in quick order fulfillment and optimizing the use of vertical storage space by increasing operational productivity. The growing demand for AI-based ASRS among industries encourages market players to develop advanced systems. For instance, in July 2024, Rapyuta Robotics launched Rapyuta ASRS in the US market. The Rapyuta ASRS is integrated with multi-agent coordination and control algorithms, unique materials, and a modular framework. The AI-based Rapyuta ASRS ensures seamless productivity for picking operations and effective inventory management while also allowing for the flexibility to scale up or adjust the structure as evolving business needs. In March 2024, Applied Manufacturing Technologies (AMT) launched ROBiN, a Robotic Induction System, a flexible material handling solution that improves the operational efficiency of the warehousing industry. ROBiN is a robotic AI-powered system that improves the process of removing and sorting layers of products on pallets, which is further integrated into ASRS. ROBiN is developed to support a wide range of case sizes and shapes, irrespective of the number of cases on a layer, their specific placement, or orientation. This functionality enables ROBiN to optimize the fill density of totes, resulting in increased warehouse efficiency. Thus, the integration of AI to revolutionize ASRS is creating lucrative opportunities in the market.
Automated Storage and Retrieval Systems Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automated storage and retrieval systems market analysis are type and end-use industry.
- Based on type, the automated storage and retrieval system (ASRS) market is segmented into unit load ASRS, mini load ASRS, vertical carousels, horizontal carousels, vertical lift modules, AutoStore, and others. The vertical lift modules segment segment dominated the market in 2024.
- Based on end-user industry, the automated storage and retrieval system market is segmented into automotive, food & beverages, electronics & semiconductor, e-commerce, chemicals, aerospace, retail, pharmaceuticals, and others. The e-commerce segment segment dominated the market in 2024.
Automated Storage and Retrieval Systems Market Share Analysis by Geography
- The automated storage and retrieval systems market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Europe dominated the automated storage and retrieval systems market in 2024. North America is the second-largest contributor to the global automated storage and retrieval systems market, followed by Asia Pacific.
- The automated storage and retrieval systems market in Europe is segmented into France, Germany, Italy, the UK, Spain, Sweden, the Netherlands, and the Rest of Europe. As sectors such as retail, automotive, and pharmaceuticals undergo modernization, the demand for automation continues to rise. Technological innovation, coupled with government initiatives supporting Industry 4.0, is accelerating the adoption of ASRS solutions across warehouses and distribution centers throughout Europe. Players across Europe are emphasizing ASRS. For example, in February 2025, OPEX Corporation, a global leader in Next Generation Automation for document, mail, and warehouse operations, showcased its latest innovations in goods-to-person (G2P) technology and automated storage and retrieval systems (AS/RS) at LogiMAT, Europe’s premier international trade fair for intralogistics and process management solutions. The major players in Europe offering ASRS solutions include System Logistics SpA, Swisslog Holdings AB, KNAPP AG, Vanderlande Industries, and SSI Schaefer Systems International. These players are highly engaged in developing and installing advanced ASRS to fulfill their customers' demands worldwide. For instance, in February 2025, KNAPP AG installed the Evo Shuttle system at GC Corporation’s distribution center in Leuven, Belgium. Evo Shuttle system is combined with SAP extended warehouse management (EWM) material flow system (MFS) to boost storage and picking capacities.
Automated Storage and Retrieval Systems Market Report Scope
Automated Storage and Retrieval Systems Market News and Recent Developments
The automated storage and retrieval systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automated storage and retrieval systems market are listed below:
- Daifuku Intralogistics India Pvt. Ltd. (a subsidy of Daifuku Co., Ltd.) headquartered in Hyderabad, Telangana, India, announced the opening of a new manufacturing plant in Hyderabad, launching full-scale operations in April 2025. This plant handles systems for the general manufacturing and distribution industries.
(Source: Daifuku Co., Ltd, Press Release, April 2025)
- SSI SCHAEFER (one of the world’s leading solution providers for all areas of intralogistics) and BD Rowa (the specialist for pharmaceutical logistics) have decided to extend their partnership, which has been ongoing since 2015, by three years and included a fixed option for continuation until 2030.
(Source: SSI SCHAEFER, Press Release, April 2025)
Automated Storage and Retrieval Systems Market Report Coverage and Deliverables
The "Automated Storage and Retrieval Systems Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Automated storage and retrieval systems (ASRS) market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automated storage and retrieval systems (ASRS) market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Automated storage and retrieval systems (ASRS) market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automated storage and retrieval systems market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and End-User Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, UAE, UK, US
Frequently Asked Questions
The Europe held the largest market share in 2024, followed by North America.
The automated storage and retrieval systems (ASRS) market was valued at US$ 3.02 billion in 2024 and is projected to reach US$ 7.53 billion by 2035; it is expected to grow at a CAGR of 8.9% during 2025–2035.
The automated storage and retrieval systems (ASRS) market is expected to reach US$ 7.53 billion in the year 2035.
The key players, holding majority shares, in automated storage and retrieval systems (ASRS) market includes PSI Services LLC, ProctorU, Mercer LLC, Meazure Learning, and Honorlock Inc.
Growing need for optimized and space-efficient storage systems, rising manufacturing volume across industries, and growth of e-commerce worldwide are the driving factors impacting the automated storage and retrieval systems (ASRS) market.
Integration of robotics in warehouse automation are the future trends of the automated storage and retrieval systems (ASRS) market.
The List of Companies - Automated Storage and Retrieval Systems Market
- SSI SCHAEFER Group
- Swisslog Holding AG
- System Logistics SpA
- Bastian Solutions LLC
- Daifuku Co Ltd
- Kardex Holding AG
- KNAPP AG
- Mecalux SA
- Vanderlande Industries BV
- Autocrib Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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