Automated Storage And Retrieval System Asrs Market

Sep 15 2020 the expresswire automated storage and retrieval system asrs market is valued at 6212 8 million usd in 2020 is expected to reach 8407 5.

Automated storage and retrieval system asrs market.

An automated storage and retrieval system asrs is a device used in manufacturing plants warehouses and distribution centers for storing and retrieving loads from one storage location to another. According to the new market research report automated storage and retrieval system asrs market with covid 19 impact analysis by type unit load mini load vlm carousel mid load function. The automated storage retrieval system market research report by type by function by industry united states forecast to 2025 cumulative impact of covid 19 report has been added to. The automated storage and retrieval system asrs market was valued at usd 7 18 billion in 2019 and is expected to reach usd 9 16 billion by 2025 at a cagr of 10 18 over the forecast period 2020 2025.

215 pages report the asrs market was valued at usd 7 3 billion in 2020 and is likely to reach usd 10 7 billion by 2025 at a cagr of 8 0 from 2020 to 2025. Surge in demand for asrs in aviation industry rise in need to reduce costs and achieve optimum utilization of space and increase in implementation of asrs in distribution supply chain inventory management fuel the growth of the global automated storage and retrieval systems market. These systems save a large floor space which is a crucial factor in warehouse operations.