Global Automated Storage and Retrieval System Market (ASRS) is expected to reach US$ XX Bn by
2026 from US$ 3.87 Bn in 2018 at CAGR of XX %.
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The major factor driving the growth of global automated storage and retrieval system (ASRS) market
is a growing demand for consumer electronic products across the world. Continuous innovation and
technological advancement such as artificial intelligence, IoT and virtual reality in consumer
electronic products are increased the demand for this industry. The high demand for consumer
electronic products across the globe has created the need for automated storage and retrieval
system in the consumer electronics industry for handling inventory and picking and storing
Additionally, the automotive industry is anticipated to propel the growth of automated storage and
retrieval system market in near future. Rise in demand for the electric car is the key driving factor for
the growth of the automotive industry. The high initial share required for automated storage and
retrieval system can limit the growth of the market. But, automated storage and retrieval system can
improve the productivity and efficiency of the company and also reduces the labor cost.
Global automated storage and retrieval system (ASRS) market are segmented by type, function,
industry and region. Type is divided into a unit load, mini load, vertical lift module (VLM), carousel,
mid load, and auto store. A function is classified as assembly, kitting, order picking, distribution and
storage. The industry is categorized into automotive, chemicals, aviation, semiconductor &
electronics, E-Commerce, food & beverages, healthcare, and metals & heavy machinery. Region-wise
divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Based on function, order picking segment is anticipated to grow with highest CAGR between forecast
periods. Automated Storage and Retrieval System is broa