Automated Storage & Retrieval Systems Market
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<strong>Automated</strong> <strong>Storage</strong> & <strong>Retrieval</strong> System <strong>Market</strong> is anticipated to hit<br />
$9.45 billion by 2023 at a CAGR of 6.55%.
APAC holds the largest market share and growth in the <strong>Automated</strong> <strong>Storage</strong> & <strong>Retrieval</strong><br />
System <strong>Market</strong> and is anticipated to reach $3.36 billion by 2023 at a CAGR of 7.41%. The<br />
growing demand for industrialization in this region, combined with increasing investment in<br />
industrial automation, particularly in China, is set to spur the market.<br />
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Selected Regulatory Analysis Done in the Full Report:<br />
The AS/RS integrates various picking and routing mechanisms. Thus, it is necessary to<br />
design right systems for them. It involves an extensive research process complying with the<br />
safety standards for various industrial environments. The standard specifications for the<br />
desired system are created in this phase.<br />
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Selected Driving Factors Mentioned in the Full Report:<br />
• The advent of warehouse robotics has also developed significant opportunity for<br />
the inflow of products in the global market. Leading MNCs in automotive,<br />
manufacturing, petrochemical and other industries are vigorously investing in low<br />
risk warehouse automation, in order to convert their traditional rack and shelving<br />
facilities into automated facilities.<br />
• With the growing demand for supply chain efficiency, automated storage systems<br />
have been gaining adoption in recent years.<br />
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Key Players of the <strong>Automated</strong> <strong>Storage</strong> & <strong>Retrieval</strong><br />
<strong>Systems</strong> <strong>Market</strong><br />
• Daifuku Co. Ltd<br />
• SSI Schaefer Group<br />
• Siemens<br />
• Knapp AG<br />
• Bosch Rexroth<br />
• 15+<br />
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About IndustryARC<br />
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various<br />
industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials,<br />
Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &<br />
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IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the <strong>Market</strong>.<br />
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