Automated Storage and Retrieval System Market Is Estimated to Grow by 7.7% CAGR post 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Automated Storage and Retrieval Systems (ASRS) market” that contains information from 2024 to 2032. The Automated Storage and Retrieval Systems (ASRS) market is estimated to register a CAGR of 7.7% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies are the key players in the global Automated Storage and Retrieval Systems (ASRS) market— Honeywell International Inc., Murata Machinery Ltd, SSI Schaffer Group, Hairobotics, Exotec, Opex Corporation, Toyota Industries Corporation, Bastian Solutions, Vanderland Industries BV, Swisslog Holdings AG, Kardex, and Autostore Holdings Ltd., and others.

Automated Storage Retrieval System Market Highlights

The global Automated Storage and Retrieval Systems (ASRS) market is accounted for to register a CAGR of 7.7% during the forecast period and is estimated to reach USD 16,785.0 million by 2032.

A sophisticated mechanized system created to automate the storage, retrieval, and movement of commodities or things inside a warehouse or distribution center is known as an Automated Storage and Retrieval System (AS/RS). To effectively handle and manage inventory, AS/RS systems combine robotics, conveyors, computer control software, and other cutting-edge technologies.

The Fourth Industrial Revolution improved industrial machinery, leading to developments like automated storage and retrieval systems. This will probably help to boost an industry's manufacturing production. These industrial revolutions have resulted in the manufacturing sector dominating because it offers high levels of production accuracy and efficiency. Technology for factory automation has also grown in importance during the past few years. One of these technologies that is gaining popularity in the manufacturing sector is ASRS solutions. Every automated storage and retrieval system has tools for inventory management and labor management. There is a high demand for these systems among warehouse or inventory operations since each system can track the product and amounts held at various points inside the system. The end user benefits from lower program costs because of carefully managed labor and waste reduction.

The second most evident advantage of automated storage and retrieval systems is the labor savings they offer. By employing the "goods to person" strategy, ASRS units send the requested item straight to the operator, saving the operator's time from having to walk and look for it. Employees frequently walk kilometers throughout a shift, which wastes time. For 60 to 65 percent of their hours, workers in manual tasks must journey to the stored objects on foot. To discover the proper item and compare component numbers, a worker must also visually check the shelves at a picking site, which can take several minutes or longer.

Segment Analysis

The global Automated Storage and Retrieval Systems (ASRS) market has been segmented based on type, and Industry vertical.

Based on type, the market is segmented into load-based ASRS, shuttle and bot-based ASRS, Carousel based ASRS, and Vertical lift module ASRS.  The load-based ASRS holds the largest share in 2022.  Further, the load-based ASRS has been bifurcated into unit-load ASRS, mini-load ASRS, and micro-load stocker ASRS. The shuttle and bot-based ASRS has been further segmented into shuttle-based ASRS and floor robots ASRS. The carousel-based ASRS has been further segmented into vertical carousel and horizontal carousel.

Based on industry vertical, the market is segmented into automotive, metals and machinery, food and beverages, chemicals, healthcare, semiconductor and electronics, retail and E-commerce, aviation, and others.  The automotive sector is expected to hold the largest share among the given verticals.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automated Storage Retrieval System Market Research Report

Regional Analysis

Geographically, the Global Automated Storage and Retrieval Systems (ASRS) market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America consists of US, Mexico, and Canada. The Europe Automated Storage and Retrieval Systems (ASRS) market comprises Germany, France, the UK, Italy, Spain, the Netherlands, Russia, Switzerland, and the rest of Europe. The Automated Storage and Retrieval Systems (ASRS) market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Middle East & Africa Automated Storage and Retrieval Systems (ASRS) market comprises South Africa, Qatar, Saudi Arabia, UAE, Egypt, and the Rest of the Middle East & Africa. The South America Automated Storage and Retrieval Systems (ASRS) market is segmented into Brazil, Argentina, Colombia, Chile, and the Rest of South America.

Europe was the first region to adopt industrial automation because of rising investments in the industry 4.0 revolution. According to the CBI Ministry of Foreign Affairs, Europe accounts for more than one-third of all Industry 4.0 investments undertaken globally. Western and Northern Europe, especially Germany, where the expression was first used and where it presently leads, are its main markets.

The US, Canada, and Mexico are a few of the significant countries in North America, which is a hub for technological growth. Because of this, the region's flourishing manufacturing industry remains the primary generator of wealth, employment, and innovation. IoT is becoming increasingly popular, and businesses in the US are figuring out how to use it with automated storage solutions to save even more time and money. Automated storage systems with IoT integration allow for remote monitoring, prompt report status production, faster error recovery, and increased productivity. There are many omnichannel vendors nationwide, making them one of the biggest customers of ASRS-type material handling solutions. The e-commerce businesses that need high throughput operations in their fulfillment centers place a particularly strong demand on ASRS. One of the region's most important retail markets is likely to be the United States. Retail sales provide more than two-thirds of the nation's GDP yearly. The country's e-commerce industry's sales growth exceeds that of its conventional outlets. There is more competition between online and omnichannel stores as automation becomes the major differentiator. The retail sector in North America is well-established, enormous, and dominated by omnichannel vendors. The biggest users of material handling products like ASR are these suppliers.

Key Findings of the Study

• The Global Automated Storage and Retrieval Systems (ASRS) market is expected to reach USD 16,785 Million by 2032, at a CAGR of 7.7% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market.


• Based on industry verticals, the retail and E-commerce segment is attributed to be the fastest-growing segment at a CAGR of 8.5%.


• Honeywell International Inc., Murata Machinery Ltd, SSI Schaffer Group, Hairobotics, Exotec, Opex Corporation, Toyota Industries Corporation, Bastian Solutions, Vanderland Industries BV, Swisslog Holdings AG, Kardex, and Autostore Holdings Ltd. are the key market players.