Automated Storage and Retrieval System Market Size & Share
Automated Storage and Retrieval System Market The Automated Storage and Retrieval System Market size was valued at USD 6,900 Million in 2019 and is anticipated to grow at a CAGR of 8% over the forecast period (2020-2027). The factors driving the growth of Automated Storage and Retrieval System Market includes growing demand for Automated Storage and Retrieval System in manufacturing and distribution facilities, increasing labor cost and growing sales in e-commerce industry. As per IBEF’s Report, the E-commerce market will become the third largest with valuation of US$ 350 billion by 2030, which will increase the Automated Storage and Retrieval System Market size in India. The emerging need for automation in industrial sectors to enhance the manufacturing capabilities and growing focus on improving the workplace safety, are further supplementing the growth of Automated Storage and Retrieval System Market. However, the growth of Automated Storage and Retrieval System Market is hindered...