Global Automated Storage and Retrieval System Market Poised for Significant Growth, Expected to Reach US$ 35.8 Billion by 2032 [Yahoo! Finance]
Honeywell International Inc. (HON)
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Source: Yahoo! Finance
System Market Report by Type, Load, Application, End User, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global automated storage and retrieval system (ASRS) market is witnessing a substantial surge due to the increased emphasis on precision and efficiency in supply chain management. As per recent findings, the industry soared to a market size of US$ 20.8 billion in 2023. This upward trajectory is expected to continue, projecting the market to burgeon to a value of US$ 35.8 billion by the year 2032, marking a compounded annual growth rate (CAGR) of 6.22% over the period 2023-2032. Technological Advancements Propel Market The integration of advanced technologies and computer-controlled devices in warehouse and inventory management is fuelling the expansion of the ASRS market. These automated systems not only optimize space utilization and operational efficiencies but also enhance safety, inventory density, and throughput, leading to reduced
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HON
Earnings
- 4/25/24 - Beat
HON
Sec Filings
- 5/31/24 - Form SD
- 5/17/24 - Form 4
- 5/16/24 - Form 4
- HON's page on the SEC website