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Market Synopsis:

The automated storage and retrieval system, also known as AS/RS, is a perfect storage and inventory handling solution. The system finds its application in increased inventory control & tracking, and greater flexibility to adjust as per changing business conditions. Its ability to provide information with high accuracy has garnered traction from warehouse and manufacturing industries. The ASRS Market is expected to gain a valuation of around USD 10.81 billion by 2023 with 7.7% CAGR during the forecast period (2017- 2023). Market Research Future (MRFR) in their report, analyzes that several companies like Van Den Nan, Audi, and others.

Its precision, speed, ability to carry out operations, detailed value chain analysis power, high volume storage capacity is expected to transform the automated storage and retrieval system market. The idea to remove physical storage space is also expected to provide traction to the market.