As the influx of e-commerce continues to rattle traditional brick-and-mortar stores, so too does the rise in stock-keeping units (SKUs), smaller quantity orders, just-in-time demands and the need for optimal storage volume, speed, flexibility and scalability.
Compound these issues with automation, traceability, labor shortages, increased regulations and plant and employee safety, and it’s no surprise many of today’s manufacturers are continuously transforming their automated storage and retrieval systems (AS/RS).
he global AS/RS market is forecast to be worth $8.43 billion by 2022, according to the “Automated Storage and Retrieval System (ASRS) Market by Type (Unit Load, Mini Load, VLM, Carousel, Autostore, & Midload), Function (Assembly, Storage, Order picking, Kitting, & Distribution), Industry, and Geography - Global forecast to 2022.”
The report, published by MarketsandMarkets, Seattle, Wash., reveals Europe to hold the largest share of the global AS/RS market, with factors such as high degree of accuracy, improved efficiency, high-throughput inventory management capabilities and increasing demand for technologically advanced systems depicted as key drivers of growth.
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