Automated Storage and Retrieval System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 - ResearchAndMarkets.com
The global automated storage and retrieval system market reached a value of US$ 18.03 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 27.68 Billion by 2027, exhibiting a CAGR of 7.41% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor
DUBLIN--(BUSINESS WIRE)--Sep 22, 2022--
The "Automated Storage and Retrieval System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global automated storage and retrieval system market reached a value of US$ 18.03 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 27.68 Billion by 2027, exhibiting a CAGR of 7.41% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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).
