South America Automated Storage and Retrieval System Market
No. of Pages: 98 | Report Code: TIPRE00022123 | Category: Electronics and Semiconductor
No. of Pages: 98 | Report Code: TIPRE00022123 | Category: Electronics and Semiconductor
The market for automated storage and retrieval system in the region is witnessing growth owing to the increased export and imports due to the enhanced shipping market in the region. Also, the infrastructure facilities in the region are developing along with the overall development of the region. The rapid increase in IT infrastructure in Brazil is also propelling the growth of automation that is conducive to the growth of automated storage systems in South America. The consumer goods industry is quite large, which is contributing to the growth in implementations of automated storage systems that include automated storage and retrieval systems. Swift digitization in the SAM region, together with considerably high production rates, is pressurizing the businesses to depend more on machines for improved accuracy and productivity. In the automation era, automated and programmed machinery plays a crucial role in lessening the associated cost and time, and deliver additional features of control, monitoring, and security. The ASRS market has been propelled by several factors, which include the swift growing rate of automation adaption in various industry verticals in the region, enhanced safe working conditions in industrial facilities, developments in areas such as wireless technologies, robotics, etc. The growing applications of e-commerce enable companies to react quickly regarding outgoing & return logistics and simplifying the ordering procedures. Furthermore, the e-commerce sector produces most of the demand for ASRS in the region. It plays an important role in the process of order fulfillment in the e-commerce industry. ASRS delivers a swift mechanism to pick up goods, hence provide considerable space savings. ASRS systems are also helpful in managing items that are packed in small pouches or medium containers. The growing online shoppers are propelling e-commerce establishments to set up warehouses in various South American Countries. Hence, the growing e-commerce industry in the region and increasing adoption of ASRS in this sector is driving the market.
Brazil has the largest number of cases with COVID-19, followed by Ecuador, Chile, Peru, and Argentina amongst others. The covid-19 pandemic has led to the closure of all economic activities across the region, in order to combat the spread of the virus. With the closure of economic activities across the region, several industries such as automotive, retail, and electronics & semiconductor amongst others. Automotive Production in South America has significantly decreased in 2020 owing to the corona virus crisis. According to the Brazil's Automakers Association, the automotive industry in the country is in a very difficult and dramatic situation. The crisis is jeopardizing employment and raising concerns about the long-term viability of the industry's foreign supply chains, which are heavily reliant on China. Major auto companies that has manufacturing facilities in Brazil are Nissan, Renault, Peugeot, Honda, Hyundai, Mitsubishi, Chrysler and Audi amongst others. Brazil’s automotive industry mainly caters to the domestic market but is a major exporter to Argentina. The outbreak of the corona virus has led to the decline in exports of the country by 77%. Thus, the adverse impacts on the automotive industry across the country is directly impacting the demand for automated storage and retrieval systems across the sector in a negative manner. Similarly, the retail sector of the country has observed a decline in revenue whereas the e-commerce industry across the region is booming owing to outbreak of the pandemic. According to studies, COVID-19 fueled a 57% increase in Brazilian ecommerce in the first five months of 2020. Though the ecommerce sector has experienced a rise in the region but have not made significant investments in the technological advancements for the same. Thus, according to the above-mentioned factors, the automated storage and retrieval system market across the South American region has been adversely affected owing to the COVID-19 pandemic.
Strategic insights for the South America Automated Storage and Retrieval System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 200.67 Million |
| Market Size by 2028 | US$ 364.46 Million |
| Global CAGR (2021 - 2028) | 7.5% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Automated Storage and Retrieval System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The automated storage and retrieval system market in SAM is expected to grow from US$ 200.67 million in 2020 to US$ 364.46 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028. Booming Demand for Automation in the E-commerce Industry is also bolstering the growth The development of the e-commerce industry goes hand-in-hand with the prosperity of the automated storage industry. Inventory sold by e-commerce sellers is stored in warehouses, and to reduce the time for sorting and stocking of these products, ASRS seems to be one of the best tools. The purchasing pattern of consumers is moving toward online shopping. For instance, more than 60% of the population in the United States are engaged in online shopping. Further, customers expect faster delivery time, owing to which e-commerce players are adopting automation in their processes. The fluctuations in demand of stock-keeping units (SKUs) creates complexities in picking operations, which in turn, slow down the fulfillment process. The e-commerce demand is highly varying, owing to which the forward pick areas must be continuously adjusted to support the fluctuation in items demand. Along with managing SKU demand fluctuations, an ASRS also advances the fulfillment process, thus allowing e-commerce as well as omnichannel retailers to adhere better to service level agreements by fulfilling order delivery commitments.
In terms of type, the AutoStore segment accounted for the largest share of the SAM automated storage and retrieval system market in 2020. In terms of end user, Chemical segment is expected to the fastest growing segment over the forecast period.
A few major primary and secondary sources referred to for preparing this report on the are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report the SSI SCHAEFER GROUP, System Logistics Spa, Bastian Solutions
The South America Automated Storage and Retrieval System Market is valued at US$ 200.67 Million in 2020, it is projected to reach US$ 364.46 Million by 2028.
As per our report South America Automated Storage and Retrieval System Market, the market size is valued at US$ 200.67 Million in 2020, projecting it to reach US$ 364.46 Million by 2028. This translates to a CAGR of approximately 7.5% during the forecast period.
The South America Automated Storage and Retrieval System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Automated Storage and Retrieval System Market report:
The South America Automated Storage and Retrieval System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Automated Storage and Retrieval System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Automated Storage and Retrieval System Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Automated Storage and Retrieval System Market
