The Global Automated Storage and Retrieval Systems Market is valued at USD 9.56 billion in 2016 and is expected to reach a value of USD 22.56 billion by the end of 2022 , growing at a projected CAGR of 15.39 % during the forecast period of 2017 – 2022 . Businesses today need to tackle fierce global competition , shorter product life and swift changes in the market landscape . This has brought automated storage and retrieval systems ( AS / RS ) at the center stage . Saving cost to the end-user is the major driver , making the automated storage and retrieval systems and storage systems market grow lucratively . AS / RS consists of a variety of computercontrolled systems for automatically placing and retrieving loads from storage locations . These systems are used where there is a high volume of loads being moved from one location to another . They help in providing quicker , more accurate , reliable and low-cost solutions to effectively track inventory and create that perfect order , meeting the customers ' demand . These solutions are progressively adopted by industries such as healthcare , retail , manufacturing and automotive .
Request for Sample Copy of Global Automated Storage and Retrieval Systems Market Report @ http :// www . orbisresearch . com / contacts / request-sample / 223785
The global automated storage and retrieval systems market has been driven by many factors such as improving technology , increasing focus , growth in competition , etc . The global economic outlook is promising , with the manufacturing sector across major economies showing improvement over the last few years . Consumer spending is also on the growth trajectory . These factors are driving the automated storage and retrieval systems market , globally . Rapid growth in e-commerce and the emergence of flexible manufacturing systems are some of the major growth opportunities that could drive the future of this market . The automated storage and retrieval systems market is being hindered by certain factors such as high initial costs , need for skilled workforce and concerns over replacement of manual labor , etc . However , the investment for automation is often considered as a technology upgrade rather than as a standalone application .
Browse The Complete Report @ http :// www . orbisresearch . com / reports / index / globalautomated-storage-and-retrieval-systems-market-2017-2022
The global automated storage and retrieval systems market has been segmented by products : unit load AS / RS , mini-load AS / RS , carousel-type storage & retrieval systems , robotic AS / RS , and others ; by their applications : energy , transport / logistics , healthcare , retail , manufacturing , and others .
2