Automated Storage & Retrieval Systems Market - Forecast(2021 - 2026)
Automated Storage and Retrieval Systems Market Overview Automated Storage and Retrieval Systems Market Size is forecast to reach $10.7 billion by 2026, at a CAGR of 6.9% during 2021-2026. The growth of the semiconductor and electronics industry has spurred the demand for automated storage and retrieval systems globally. Furthermore, the growing demand for safety and control systems in the industrial and manufacturing sectors will significantly propel the market. The growing wages will also result in a shift to automation in order to reduce the compensation provided to the workers and this further propels the market. Moreover, the automotive industry is showing growth mainly due to the high demand for electric vehicles and demand for automobile parts globally. The growing automation in this sector is set to spur automated storage market. Report Coverage The report: “Automated Storage and Retrieval Systems Market Report– Forecast (2021-2026)” , by IndustryARC covers an in-depth analysi