The Latin America & Africa Automated Storage Retrieval Systems Market is estimated to reach $1,231 million by 2025, growing at a CAGR of 8.7% from 2020 to 2025. Automated Storage retrieval stems are computer and robot aided systems used to store items in a specific locations. These systems are largely used in the end use industries as these systems speeds up manufacturing process and shipping tasks by storing everything in its proper locations. These systems follow established routes to get items as these are comprised with predefined locations.
Reduced safety risks for the employees, reduced labor costs along with improved accuracy, safety and productivity are fueling the growth of the market in Latin America and Africa region.
By Type- Segment Analysis
By type the market is segmented into Unit load and Mini load. The Unit load is dominating the market owing to its increased use for handling full pallets or cases of items. The unit load automated systems retrieve items in multiple areas instead of moving only in one path owing to which it is used by many industrial verticals for retrieving purposes. Unit loads carry a huge job as they are designed to carry a load of few thousand pounds or even more. Owing to which it is used as it benefits by accuracy, efficiency and multiple retrieving items in the various industries. Furthermore, increased labor costs along with space requirements have created the demand for Unit load automated storage retrieval systems driving the growth of the market.
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By End Users – Segment Analysis
By end users the market is segmented into automotive, Food and Beverages, Electrical and Electronics, Healthcare, Retail & e-commerce and others. Food and Beverages industry is dominating the market owing to the surge in adoption of these robot and computer aided equipments for food processing and packaging purposes. There is need of automated storage retrieval systems in food and beverages industry owing to proper storage of food items. Furthermore, surge in demand of well packaged and stored food items have also driven the market growth by propelling the growth of Food and Beverages Industries.
Geography – Segment Analysis
Global Latin America & Africa Automated Storage Retrieval Systems Market is dominated by Latin America region by a market share 84.6% in 2019. Latin America dominated the market owing to the large investment in the industrialization and presence of the major key players in this region. In Latin America, Brazil and Mexico dominated the market accounting for over 65% share of the market. Ecuador is a leading manufacturer of processed food like processed fish, processed shrimp, processed dairy products, processed aquatic products and other processed food items which has driven the market growth owing to the more use of automated storage retrieval systems for storing the processed food items in specific locations in the food processing industries. These factors are driving the market growth in this region.
Drivers – Latin America & Africa Automated Storage Retrieval Systems Market
Rise in adoption of automated storage retrieval systems in Latin America and Africa Region:
Rise in adoption of automated storage systems in these regions have driven the growth of the market. In these regions automated storage retrieval systems are adopted owing to the safety purposes and for increasing manufacturing by systematically arrangement of the items in various end use industries. Furthermore, these automated systems are used in heights that are difficult for humans to navigate. In these regions the land capital investments are also less. Owing to which plants and Industries are located with minimum space as there are more industries and plants in Latin America and Africa region. In this situation the automated storage retrieval systems are used for allowing warehouse operations to maximize floor space by making better use of vertical space. These factors are driving the growth of the market.
Rise in industrialization:
The rise in industrialization in the Latin America and Africa region along with the growth in automated technology usage is driving the growth of the market in this region. In Latin America, Argentina has large-scale food processing and packaging industry and other manufacturing practices owing to which there is rise in use of automated storage retrieval systems for storing the food items in the specific locations. Furthermore, rising demand and investments towards installation of energy efficient automated systems in various end-user industries are also driving the demand for automated storage retrieval systems.
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Challenges – Latin America & Africa Automated Storage Retrieval Systems Market:
High installation Investment along with maintenance and use of alternate systems:
The installation of automated storage retrieval systems is quite high and they require substantial changes to the warehouse infrastructure and layout. Regular equipment maintenance is required for the peak performance of the automated storage retrieval systems. Furthermore, the equipment is large and bulky.
Many end users are using collaborative mobile robots in place of automated storage retrieval systems. These collaborative mobile robots also work efficiently and increases productivity without requiring infrastructural changes. In Addition, the collaborative mobile robots are scalable and affordable as well. This equipment can be perused in rent and used in peak times by the end users. These factors are hindering the growth of the market.
Launches, acquisitions, and R&D activities are key strategies adopted by players in the America & Africa Automated Storage Retrieval Systems Market are given in this report America & Africa Automated Storage Retrieval Systems Market is dominated by major companies such as, Daifuku Co. Ltd., Murata Machinery Ltd, TGW Logistics Group Gmbh, System Logistics Spa, Westfalia Technologies Inc, Honeywell Intelligrated, Swislog Holdings AG, Invata Intralogistics, Inc, Dematic Corporation among others.
March 11, 2020- Westfalia Technologies, Inc. showcased its complete set of warehouse automation solutions. The solution consisted automation storage retrieval systems with high-density and flexibility for the various end users.
July 11, 2019-New Zealand based apparel company label AS Colour supported Dematic Corporation to integrate its integrated automated technology.
Adoption of more advanced integrated automation technology for storage of food items along with reduced labor cost needs is driving the growth of the market.
Latin America is expected to dominate the global America & Africa Automated Storage Retrieval Systems Market in the forecast period 2020-2025 owing to the growth of the industries in this region and surge in adopting more advanced integrated systems have projected to propel the market growth in this region.
Food and Beverages industry witnessed a significant growth in the market owing to the more use of automated storage and retrieval systems for food storing and food processing more precisely.
A. Material Handling Technology Market
B. Warehouse Robotics Market
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