The global automated storage and retrieval system market size reached USD 22.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 37.6 Billion by 2033, exhibiting a growth rate (CAGR) of 5.77% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 22.1 Billion |
Market Forecast in 2033
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USD 37.6 Billion |
Market Growth Rate (2025-2033) | 5.77% |
Automated storage and retrieval system (ASRS) is a computer-controlled device that places and recovers loads from specified storage locations accurately in a facility. It consists of shuttles, cranes, carousels, vertical lift modules (VLMs), micro-loads, mini-loads, unit-loads, warehouse execution software (WES) and warehouse management software (WMS). It offers several advantages, such as efficient use of the floor space, reclaiming unused vertical space, increasing inventory storage density, improving ergonomics and safety, enhancing throughput, and reducing labor costs. As a result, it finds extensive applications in the aviation, automotive, chemical, e-commerce, food and beverage (F&B), and healthcare industries.
At present, there is a rise in the demand for fast, precise, and efficient fulfillment of in-store retailing to ensure customer satisfaction across the globe. This, along with the growing industrial automation for improving productivity and quality while increasing safety, reducing errors, and adding flexibility to the manufacturing process, represents one of the key factors driving the market. Moreover, there is a rise in technological advancements in ASRS assisted by cutting-edge sensors. This, coupled with the escalating demand for enhanced storage systems in various industries, is propelling the growth of the market. In addition, governments of several countries are extensively investing in developing digital infrastructure, which is positively influencing the market. Besides this, the increasing order volume in the e-commerce sector due to ease of selling internationally, retargeting customers, and personalization of the buying experience is offering lucrative growth opportunities to industry investors. Apart from this, the increasing utilization of ASRS by small and mid-size enterprises (SMEs) to reduce human interaction is bolstering the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automated storage and retrieval system market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, load, application, and end user.
Breakup by Type:
Breakup by Load:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Kardex Group, Knapp AG, Mecalux S.A., Murata Machinery Ltd., Schaefer Systems International Pvt Ltd, System Logistics S.p.A. (Krones AG), TGW Logistics Group, Toyota Industries Corporation and Viastore Systems.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Load, Application, End User, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Kardex Group, Knapp AG, Mecalux S.A., Murata Machinery Ltd., Schaefer Systems International Pvt Ltd, System Logistics S.p.A. (Krones AG), TGW Logistics Group, Toyota Industries Corporation and Viastore Systems |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global automated storage and retrieval system market was valued at USD 22.1 Billion in 2024.
We expect the global automated storage and retrieval system market to exhibit a CAGR of 5.77% during 2025-2033.
The rising industrial automation that improve productivity and quality, while increasing safety, reducing errors, and adding flexibility to the manufacturing process is primarily driving the global automated storage and retrieval system market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of automated storage and retrieval systems across the e-commerce sector for storing and managing the distribution of the essential products, thereby combating the spread of the coronavirus infection upon human interaction.
Based on the type, the global automated storage and retrieval system market has been divided into vertical lift modules, carousels, crane-based, vertical buffer modules, robotic shuttles, and floor robots, where floor robots currently exhibit a clear dominance in the market.
Based on the load, the global automated storage and retrieval system market can be categorized into unit-load ASRS, mini-load ASRS, and micro-load ASRS. Currently, unit-load ASRS accounts for the majority of the global market share.
Based on the application, the global automated storage and retrieval system market has been segregated into storage, order picking, kitting, buffering, and others. Among these, storage exhibits a clear dominance in the market.
Based on the end user, the global automated storage and retrieval system market can be bifurcated into automotive, semiconductor and electronics, general manufacturing, retail and warehousing or logistics, aviation, chemicals, rubber and plastics, healthcare and pharma, food and beverage, postal and parcel, and others. Currently, the automotive sector holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global automated storage and retrieval system market include Beumer Group GmbH & Co. KG, Daifuku Co. Ltd., Dematic (Kion Group AG), Honeywell International Inc., Kardex Group, Knapp AG, Mecalux S.A., Murata Machinery Ltd., Schaefer Systems International Pvt Ltd, System Logistics S.p.A. (Krones AG), TGW Logistics Group, Toyota Industries Corporation, and Viastore Systems.