The automated storage and retrieval systems market size was valued at US$ 3.02 billion in 2024 and is expected to reach US$ 7.53 billion by 2031; it is estimated to register a CAGR of 8.9% during 2025-2031.

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. Asia Pacific 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 APAC is segmented into Australia, China, India, Japan, South Korea, Indonesia, Malaysia, Taiwan, Singapore, and the Rest of APAC. The manufacturing sector in Asia Pacific countries has experienced a huge expansion and development over the years. It is rapidly adopting innovation and technologically advanced solutions such as robotics, AI, and emerging cloud and mobility technologies. According to Vietnam Investment Review under the Ministry of Finance data for August 2024, the manufacturing sector in Asia Pacific is driving innovation, with 61% of manufacturing planning to adopt AI technology in their manufacturing processes, an increase from 41% in 2024. In Asia Pacific, 68% of manufacturers expect AI to boost growth by 2029, up from 46% in 2024. This increase in AI adoption and digital transformation encourages the manufacturing sector to improve data management and leverage new technologies that improve visibility and quality throughout the manufacturing process. The integration of AI technology in the manufacturing industry surges the adoption of AI-based ASRS to automate the storage and retrieval of materials with minimal human intervention and streamline inventory management.

Moreover, the cold chain logistics industry in Asia Pacific is anticipated to witness significant growth in the coming years. However, plant operators in this industry are facing challenges such as decreasing manpower availability and growing costs. Thus, to gain traction in the market, cold chain operators are looking for automated logistics solutions that help improve warehouse efficiency at lowered costs. Cold store warehouses stock raw materials, work-in-progress products, finished goods, etc. ASRS machines help ensure proper storage and inventory control of perishable or temperature-sensitive products with reliable and safe product handling.

On the basis of end-user, the market is segmented into automotive, food & beverages, electronics & semiconductor, e-commerce, chemicals, aerospace, retail, pharmaceuticals, and others. The e-commerce segment held the largest automated storage and retrieval systems market share. ASRS enables the optimum utilization of space, which is one of the significant needs for any e-commerce company. E-commerce companies have to maintain a large inventory for the proper flow of goods and to meet the delivery time expected by their customers, making each shipping decision highly critical for these companies. ASRS aids in decreasing supervisory needs, thus enabling efficiency and helping companies achieve faster deliveries. The rapid increase in the growth of e-commerce has resulted in a customer trend toward smaller orders, and companies are facing problems related to the cost of packing and shipping these smaller or single orders. ASRS enables companies to easily accommodate the increase in single orders while utilizing automation to decrease handling and packaging costs intensely. E-commerce is the prime market for ASRS. Further, in February 2024, HWArobotics provided cutting-edge ASRS technology to Canadian e-commerce fulfillment expert Darwynn. The system features a multi-level shuttle with 24 carts, 10,368 storage locations, and 6 goods lifts. This implementation boosted throughput to 2,400 bins per hour while enhancing inventory management, operational efficiency, and warehouse space optimization. Thus, meeting customers' demands on time with a continuous flow of incoming orders has resulted in a rise in the requirement for ASRS in the e-commerce industry.

Bastian Solutions, Inc.; Daifuku Co., Ltd.; KION GROUP AG; Kardex Group; Knapp AG; Mecalux, S.A.; SSI Schaefer Group; Swisslog Holding AG; System Logistics Spa; and Vanderlande Industries are among the key automated storage and retrieval systems market players that are profiled in this market study.

The overall automated storage and retrieval systems market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the automated storage and retrieval systems market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the automated storage and retrieval systems market.