South America Automated Storage and Retrieval System Market Developments and Forecast by 2028

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.

The Brazil, Argentina are economies in SAM. Flourishing demand for Cold Chain ASRS recently gained momentum after weak growth over the past few year. ASRS allows storing more pallets in a smaller cubic area, thus reducing energy operating costs used for refrigeration in cold storages. It further reduces the thermal transfer impact through the roof and wall area, thus reducing energy consumption. Moreover, ASRS requires limited lighting and eliminates the need for large doors to be repetitively opening and closing for forklift access. Furthermore, the employee demand in cold storage or freezer environments is generally higher as compared to typical warehouses, thus implying for labor cost. Since all the pallet handling tasks are controlled automatically by ASRS in cold stores, it is not needed for the operational staff to work in a harsh cold environment. Furthermore, the staff employed in cold storage are required to take constant breaks from working in sub-zero conditions, which may reduce productivity and increase operational costs. Since the cold chain industry is witnessing a high growth, the demand for cold chain ASRS is expected to rise over the years.

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  

SAM Automated Storage and Retrieval System Market Segmentation

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

SAM Automated Storage and Retrieval System Market-Companies Mentioned

• SSI SCHAEFER GROUP
• System Logistics Spa
• Bastian Solutions
• Kardex Group
• KNAPP AG
• Mecalux, S.A.
• Vanderlande Industries
• Autocrib, Inc.

South America Automated Storage and Retrieval System Report Scope