Report : Middle East & Africa Automated Storage and Retrieval System (ASRS) Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Type (Unit Load ASRS, Mini Load ASRS, Vertical Lift Module, Vertical Carousels, Horizontal Carousels, AutoStore, and Others) and End use Industry (Automotive, Food & Beverages, Electronic & Semiconductors, E-Commerce, Chemicals, Aerospace, Retail, Pharmaceuticals, and Others)
At 7.0% CAGR, the Middle East & Africa Automated Storage and Retrieval System (ASRS) Market is speculated to be worth US$ 282.40 million by 2030, says The Business Market Insights
According to the Business Market Insights’ research, the Middle East & Africa Automated Storage and Retrieval System (ASRS) market was valued at US$ 164.47 million in 2022 and is expected to reach US$ 282.40 million by 2030, registering a CAGR of 7.0% from 2022 to 2030. Integration of robotics and increasing demand for automation in the e-commerce industry are the critical factors attributed to the Middle East & Africa Automated Storage and Retrieval System (ASRS) market expansion.
Automation has been introduced in the warehousing and storage industry recently, and the market is still in its initial stages. As the market witness’s growth and adoption of automation, competition is set to get tougher, with competitors expected to come up with innovation in this field in a very short span of time. The advent of IoT has become a path-breaking business operations methodology. With IoT and pick-by-light technology integrated into automated storage systems, business providers can provide end users with highly customized solutions for stocking different varieties and sizes of products in the warehouse in a very efficient manner. A warehouse needs to store different varieties of the same product and different package sizes of the same product to cater to different consumer segments in the Middle East & Africa Automated Storage and Retrieval System (ASRS) market.
Robotics is expected to play a supplementary role in IoT and pick-by-light technology in the automated storage system. In such a system, all the entities can be connected with each other and communicate as soon as an input command is given by the operator from a remote location or the same location on a monitor. A sensor mounted on the robotic device would initiate the movement in the direction where the item needs to be picked or stored. Pick-by-light technology at the output will guide the robot to the accurate location of the product. Once the product is extracted or inserted from or into the storage location, the result will be updated at the main server via a sensor. An efficient pick-by-light technology, where color coding can be used to differentiate between various SKUs and the broad product line of the mix coupled with sensors, will help update the numbers at the operator end can prove to be very effective for the future growth of this market. Companies are adapting robotics solutions to simplify processes and increase business efficiency. Thus, integrating robotics with ASRS technology is considered a trend in the Middle East & Africa Automated Storage and Retrieval System (ASRS) market.
On the contrary, requirement of high initial investment hurdles the growth of Middle East & Africa Automated Storage and Retrieval System (ASRS) market.
Based on type, the Middle East & Africa Automated Storage and Retrieval System (ASRS) market is segmented into unit load ASRS, mini-load ASRS, vertical lift module, vertical carousels, horizontal carousel, autoStore, and others. The vertical lift module segment held 32.2% market share of Middle East & Africa Automated Storage and Retrieval System (ASRS) market in 2022, amassing US$ 52.90 million. It is projected to garner US$ 74.61 million by 2030 to expand at 4.4% CAGR during 2022–2030.
Based on end use industry, the Middle East & Africa Automated Storage and Retrieval System (ASRS) market is segmented automotive, food & beverage, electronics & semiconductor, e-commerce, chemical, aerospace, retail, pharmaceutical, and others. The e-commerce segment held 19.2% market share in 2022, amassing US$ 31.59 million. It is projected to garner US$ 43.24 million by 2030 to expand at 4.0% CAGR during 2022–2030.
Based on country, the Middle East & Africa Automated Storage and Retrieval System (ASRS) market has been categorized into Saudi Arabia, the UAE, South Africa, the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 57.5% market share of Middle East & Africa Automated Storage and Retrieval System (ASRS) market in 2022. It was assessed at US$ 94.56 million in 2022 and is likely to hit US$ 171.83 million by 2030, exhibiting a CAGR of 7.8 % during the forecast period.
Key players dominating the Middle East & Africa Automated Storage and Retrieval System (ASRS) market are SSI Schafer; Swisslog Holding AG; System Logistics SpA ; Bastian Solutions LLC; Kardex Holding AG; KNAPP AG; and Autocrib Inc among others.
- In Jan 2022, Kardex Mlog installs a fully automated pallet transport between warehouses.
- In Jun 2022, Diesel Technic Commissioned KNAPP with Warehouse Extension.
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