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The key drivers boosting the growth of the Automated Storage and Retrieval System (ASRS) market include the accelerating demand for automated storage and retrieval system in the automotive industry, the strong demand for optimum utilization of space, growing labor costs, and the rising need to improve productivity, precisions, accuracy, and efficiency in the supply chain. The ASRS system is mostly used in warehouse applications as it saves an ample floor space, which is an essential factor in warehouse operations. The increasing adoption of automated storage and retrieval system across various industries due to the rising focus on improving the safety of the workplace and decreasing the number of accidents of workers. In addition to this, industries are emphasizing on growing their revenue by achieving higher efficiency and cost reduction in the overall operation, which is another factor that is surging the growth of the Automated Storage and Retrieval System (ASRS) market size. On the other edge, the high initial capital investment and lack of skilled workforce are certain factors that will hamper the growth of the automated storage and retrieval system market.

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