Automated Storage and Retrieval System Market Report 2025

This Automated Storage and Retrieval System market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The automated storage and retrieval system market size has grown strongly in recent years. It will grow from $10.42 billion in 2024 to $11.34 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increased focus on warehouse optimization and efficiency, growth in demand for e-commerce and online retail, need for labor cost reduction and workforce optimization, efficient space utilization in warehousing and distribution centers, rise in complexity of supply chain and inventory management.

The automated storage and retrieval system market size is expected to see strong growth in the next few years. It will grow to $15.94 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to demand for sustainable and eco-friendly warehousing solutions, expansion of industries requiring high-density storage (e.g healthcare, automotive), focus on safety and reduction of workplace accidents, market penetration in emerging economies and developing regions, customization and scalability of asrs solutions for various industries. Major trends in the forecast period include technological advancements in robotics and automation, goods-to-person systems, artificial intelligence (ai) and machine learning integration, real-time data analytics and reporting, shuttle systems for cold storage.

The automated storage and retrieval system market size is expected to see strong growth in the next few years. It will grow to $14.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to demand for sustainable and eco-friendly warehousing solutions, expansion of industries requiring high-density storage (e.g., healthcare, automotive), focus on safety and reduction of workplace accidents, market penetration in emerging economies and developing regions, customization and scalability of asrs solutions for various industries. Major trends in the forecast period include technological advancements in robotics and automation, goods-to-person systems, artificial intelligence (AI) and machine learning integration, real-time data analytics and reporting, shuttle systems for cold storage.

The increasing demand for automation is significantly driving the growth of the automated storage and retrieval system market. Automation refers to the application of technologies with minimal human intervention for producing and delivering goods and services. The majority of the industrial sectors are adopting automated systems such as automated storage and retrieval system to cut back errors, reduce repetitive tasks, and lower processing costs. The increasing demand for automation in the industries is directly promoting the increased use of automated storage and retrieval system. For instance, in August 2022, according to reports from Automation.com, a US-based media company, in 2022 69% of business leaders plan to adopt intelligent automation to address spiraling cost pressures caused by surging inflation and economic shocks. Which increased by 50% from 2020, and in the coming years, these numbers are expected to increase. Therefore, the increase in demand for automation is driving the growth of the automated storage and retrieval system market.

The rising e-commerce industry has propelled the growth of the automated storage and retrieval system market. The e-commerce industry refers to the buying and selling of goods and services over the internet. Automated storage and retrieval systems are increasingly being used in the e-commerce industry to improve efficiency and accuracy, reduce labor costs, increase storage capacity, and give inventory security. For instance, in April 2023, according to Tidio Sp. z o.o., a US-based software company, the number of digital shoppers had increased from 268.2 million in 2022 to 274.7 million in the US. Moreover, global digital buyers increased from 2.14 billion in 2021 to 2.3 billion in 2022, and 4.4% of online shopping increased between 2020 and 2021. Therefore, the rising e-commerce industry is driving the automated storage and retrieval system market.

Technological advancements are influencing the automated storage and retrieval system market. Key players in this market are developing sophisticated automated storage and retrieval systems that incorporate innovative technologies for industrial applications, aiming to minimize errors, reduce repetitive tasks, and decrease processing costs. For example, in February 2024, Mecalux, a Spain-based storage system provider, introduced the 3D Automated Pallet Shuttle and Shuttle System. This system is designed to enhance high-density storage solutions for pallets and boxes. The 3D Automated Pallet Shuttle features a multi-directional shuttle car that navigates within storage channels and can change levels, maximizing compactness, productivity, and flexibility in pallet storage systems. In parallel, the Shuttle System streamlines the entry and exit of boxes, accelerating order picking and optimizing warehouse operations. Attendees will have the chance to explore these state-of-the-art automated storage solutions firsthand.

Major companies operating in the AS/RS market are adopting a strategic partnership approach to deliver comprehensive and integrated solutions. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in September 2022, Mitsubishi Logisnext Asia Pacific Pte Ltd., a Singapore-based distributor of industrial forklifts through its Asia Pacific dealer network, entered into a partnership with xSQUARE, a Singapore-based intelligent warehousing solution company. This collaboration aims to address the growing need for warehouse solutions by offering innovative solutions that tackle labor shortages and enhance warehouse productivity and operational efficiency. They plan to achieve this by introducing a new range of automated guided vehicles (AGV) built upon Logisnext's forklift brand.

In January 2023, Jungheinrich AG, a Germany-based supplier of intralogistics solutions, acquired Storage Solutions Group for $375 million. This acquisition strengthens Jungheinrich's intralogistics operations by adding a complementary regional presence. Additionally, it creates a strong growth platform for warehouse automation solutions in the U.S. Storage Solutions Group is a U.S.-based provider of automated storage systems.

Automated Storage and Retrieval System (ASRS) refers to computer and robot-assisted systems designed for the retrieval or storage of goods in specific locations. These systems employ technology to designate areas where machines can access goods by following predetermined paths.

The primary types of ASRS include unit load, mid load, vertical lift module, carousel, and mini-load systems. Unit load ASRS is particularly suited for handling large and heavy loads, typically ranging from 1,000 to 5,500 pounds. These systems offer various functions, including distribution, storage, assembly, kitting, and order picking. They find application across diverse industries, serving end-users such as automotive, semiconductor and electronics, general manufacturing, retail, warehousing and logistics, aviation, chemicals, rubber, and plastics, healthcare and pharma, as well as food and beverage, and postal and parcel services.

The automated storage and retrieval system market research report is one of a series of new reports that provides automated storage and retrieval system market statistics, including automated storage and retrieval system industry global market size, regional shares, competitors with an automated storage and retrieval system market share, detailed automated storage and retrieval system market segments, market trends and opportunities, and any further data you may need to thrive in the automated storage and retrieval system industry. This automated storage and retrieval system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major companies operating in the automated storage and retrieval system market include Schaefer Systems International Pvt. Ltd., Beumer Group, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Kardex Holding AG, Knapp AG, Murata Machinery Singapore Pte. Ltd., TGW Logistics Group, Swisslog Holding AG, Mecalux SA, System Logistics S.p.A., Vanderlande Industries, Westfalia Technologies Inc., KUKA Deutschland GmbH, Toyota Industries Corporation, Viastore Systems GmbH, Bastian Solutions LLC, Conveyor Handling Company Inc., Flexcon Company Inc., Frazier Industrial Company, Hanel Storage Systems, Interlake Mecalux Inc., Kasto Maschinenbau GmbH & Co. KG, KION Group AG, Raymond Corporation, SencorpWhite Inc., Stöcklin Logistik AG, Grey Orange Pte. Ltd., Vecna Robotics Inc., Fives S.A.S., ASYST Automation, Symbotic.

Western Europe was the largest region in the automated storage and retrieval system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated storage and retrieval system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the automated storage and retrieval system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The automated storage and retrieval system market consists of sales of carousel-based ASRS, vertical lift module (VLM) ASRS, mini-load ASRS, robotic shuttle-based ASRS, robotic cube-based ASRS. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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