Report : South America 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-user Industry (Automotive, Food & Beverages, Electronic & Semiconductors, E-Commerce, Chemicals, Aerospace, Retail, Pharmaceuticals, and Others)
At 7.5% CAGR, the South America Automated Storage and Retrieval System (ASRS) Market is speculated to be worth US$ 410.59 million by 2030, says The Business Market Insights
According to the Business Market Insights’ research, the South America Automated Storage and Retrieval System (ASRS) Market was valued at US$ 230.67 million in 2022 and is expected to reach US$ 410.59 million by 2030, registering a CAGR of 7.5% from 2022 to 2030. Optimized and Space- Efficient Storage Systems and Need for Efficient Supply Chain are the critical factors attributed to the South America Automated Storage and Retrieval System (ASRS) Market expansion.
The growing population in the region is remarkably impacting the demand for multiple product categories in industries such as automotive, pharmaceutical, retail, electronics, food & beverages, and many other. To cater to this increasing demand, manufacturers have expanded their production significantly. However, increased production demands for the extensive requirement of storage spaces, efficient in terms of both occupied floor space and cost incurred. Warehouses, storage centers, and distribution centers play a vital role in maintaining the stocks of consumer goods for various companies. Minimal damage to the product while storage, limited storage costs, and fast pick and drop of goods are the factors that manufacturers and supply chain partners are opting for storage purposes and further movement of goods.
Diverse storage solutions such as unit load, mid-load, carousels, and VLM serve various purposes to their users with added value, thereby helping them in reducing costs. For instance, VLMs save more than 80% of floor space by stacking the material on vertical shelves. Also, these storage systems are designed so that storing and picking up goods becomes less time-consuming and more efficient and helps increase productivity at the workplace. Similarly, horizontal and vertical carousels are used for the storage of small parts and tools used either at the manufacturing plant shop floor or for the storage of consumer goods. Moreover, the modular structure of these systems ensures flexibility and scalability. Thus, the need for fast, space-efficient, and cost-effective storage systems, along with maximum throughput and productivity, is driving the market for ASRS across most end-user industries.
On the contrary, Requirement of High Initial Investment hurdles the growth of South America Automated Storage and Retrieval System (ASRS) Market.
Based on type, the South America 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 33.7% market share in 2022, amassing US$ 77.77 million. It is projected to garner US$ 110.33 million by 2030 to expand at 4.5% CAGR during 2022–2030 for the South America Automated Storage and Retrieval System (ASRS) Market.
Based on end use industry, the South America 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 15.4% share for South America Automated Storage and Retrieval System (ASRS) Market in 2022, amassing US$ 35.44 million. It is projected to garner US$ 50.30 million by 2030 to expand at 4.5% CAGR during 2022–2030.
Based on country, the South America Automated Storage and Retrieval System (ASRS) Market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 78.4% market share in 2022. It was assessed at US$ 180.88 million in 2022 and is likely to hit US$ 321.99 million by 2030, exhibiting a CAGR of 7.5% during the forecast period.
Key players dominating the South America Automated Storage and Retrieval System (ASRS) Market are SSI Schafer; Swisslog Holding AG; System Logistics SpA ; Bastian Solutions LLC; Daifuku Co Ltd; Kardex Holding AG; KNAPP AG; Mecalux SA; Vanderlande Industries BV; and Autocrib Inc among others.
- In May 2022, Metro Supply Chain's highly automated Bolton facility is now full upon signing customer agreements
- In Oct 2022, Prime Cargo has chosen Swisslog as a partner for its AutoStore solution.
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