South America Automated Storage and Retrieval System Market is expected to reach US$ 364.46 million by 2027

VLM segment to Dominate SAM Automated Storage and Retrieval System Market during 2020–2028

According to The Insight Partners market research study on “SAM Automated Storage and Retrieval System Market Forecast to 2028– COVID-19 Impact and Analysis - by Type; End Users; and Country,” is expected to reach US$ 364.46 million by 2028 from US$ 200.67 million in 2020. The market is estimated to grow at a CAGR of 7.5% from 2021 to 2028 The report provides trends prevailing in the SAM automated storage and retrieval system market along with the drivers and restraints pertaining to the market growth. Flourishing demand for Cold Chain ASRS are the major factor driving the growth of SAM automated storage and retrieval system market. However, requirement of Big initial investment hinder the growth of SAM automated storage and retrieval system 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.

The market for automated storage and retrieval system market is segmented into type, end user, and country. Based on type, the market is segmented into unit load asrs, mini load asrs, vertical lift module, vertical carousels, horizontal carousels, autostore, and others. In 2020, the autostore segment held the largest share SAM automated storage and retrieval system market. Based on end user the automated storage and retrieval system market is divided into automotive, food & beverages, electronic & semiconductors, e-commerce, chemicals, aerospace, retail, pharmaceuticals, and others. Chemical is expected to the fastest growing segment over the forecast period.

SSI SCHAEFER GROUP, System Logistics Spa, Bastian Solutions, Kardex Group, KNAPP AG,  Mecalux, Vanderlande Industries, S.A. Autocrib, Inc. among the leading companies in the SAM automated storage and retrieval system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, The SSI SCHAEFER GROUP signed a project with CHIRON Group for supplying the installation work stations. This system such as pallet racks will bring automation in the company’s logistic centers.

The report segments the SAM Automated Storage and Retrieval System Market as follows:

SAM Automated Storage and Retrieval System Market – By Type

• Unit Load ASRS
• Mini Load ASRS
• VLM
• Vertical Carousels
• Horizontal Carousels
• AutoStore
• Others

SAM Automated Storage and Retrieval System Market – By End User

• Automotive
• Food & Beverage
• Electronic & Semiconductors
• E-commerce
• Chemicals
• Aerospace
• Retail
• Pharmaceutical
• Others

SAM Automated Storage and Retrieval System Market – By Country

• Brazil
• Argentina
• Rest of SAM