Market Size of LA AMH and Storage Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America AMH & Storage Systems Market Analysis
The Latin America Automated Material Handling and Storage Systems Market is expected to register a CAGR of 7.9% over the forecast period from 2021 - 2026. The demand for AMH equipment is primarily driven by automotive, metal, healthcare, and pharmaceutical industries in the Latin America Market. With the recent outbreak of COVID-19, the demand for automation is expected to increase over the long run, primarily to cope with the shortage of labor and increasing costs.
- With the rapid growth in stock-keeping units (SKUs), wholesalers and distributors are finding it difficult to make informed decisions about the operations. This factor is driving the need for smarter usage of labor, equipment, and technology. The major factors driving the need for automated material-handling systems are cost savings, labor efficiency, and space constraints.
- In the current market landscape, there is an increase in the number of available products and demand for more frequent and smaller deliveries. Also, advanced technologies, like automatic guided vehicles (AGVs) and warehouse management systems (WMS), continued to increase in the food and beverage warehouses and production operations, providing several benefits to the manufacturers.
- Inspired by Industry 4.0, which supports collaboration between automated systems within facilities, warehouse managers in Latin America are now interested in incorporating enterprise-wide automation. The company-wide deployment will increase AGVs' accessibility to warehouse employees daily and encourage integration among other technological systems, as AGVs communicate with automated storage and retrieval systems (AS/RS) and warehouse management systems.
- The primary driving forces for the growth of the Latin America regional segment are the rising urbanization, rising e-commerce sales, and the significant presence of technology providers. These players are investing in research and development activities to offer innovative solutions to stay in the competitive market landscape.
Latin America AMH & Storage Systems Industry Segmentation
Automated material handling and storage equipment eliminate the need for human interference in a material handling process. Continuous rise in the demand for automation, with the advent of technologies, such as robotics, wireless technologies, and driverless vehicles, in different industries, like food and beverages, retail, general manufacturing, pharmaceuticals, and post and parcel, revolutionized the adoption of automated material handling equipment.
The market study is focused on the trends affecting the market in the major countries in the Latin American region.
The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry. The study also tracks the impact of COVID-19 on the overall automated material handling and storage industry and its resultant performance.
| By Product Type | |
| Software | |
| Hardware | |
| Services | |
| Integration |
| By Equipment Type | |||||||||
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| Sortation System |
| By End-User | |
| Airport | |
| Automotive | |
| Food and Beverage | |
| Retail/Warehousing/Distribution Centers/Logistic Centers | |
| General Manufacturing | |
| Pharmaceuticals | |
| Post and Parcel | |
| Electronics and Semiconductor Manufacturing | |
| Other End-Users |
| By Country | |
| Brazil | |
| Argentina | |
| Mexico | |
| Colombia | |
| Peru | |
| Chile |
LA AMH and Storage Systems Market Size Summary
The Latin America Automated Material Handling and Storage Systems Market is experiencing significant growth, driven by the increasing demand from sectors such as automotive, metal, healthcare, and pharmaceuticals. The COVID-19 pandemic has further accelerated the need for automation, as companies seek to address labor shortages and rising costs. The market is characterized by the adoption of advanced technologies like automatic guided vehicles (AGVs) and warehouse management systems (WMS), which are enhancing operational efficiency in food and beverage warehouses. The push towards Industry 4.0 is encouraging warehouse managers to implement enterprise-wide automation, fostering greater integration among technological systems. Key factors propelling market growth include urbanization, the rise of e-commerce, and the presence of technology providers investing in innovative solutions.
In Brazil, the demand for automated material handling is increasing due to labor shortages and the need for social distancing, prompting companies to invest in product innovation. The market is moderately competitive, with regional and global players focusing on strategic collaborations, mergers, and acquisitions to expand their market presence. Innovations such as flexible carousels and automated handling equipment are expected to boost adoption rates. Despite challenges like high initial costs and a decline in truck production, the market is poised for growth, supported by investments in logistics and infrastructure. Companies like SSI Schaefer and Murata Machinery are leading the way with new product offerings and strategic partnerships, aiming to enhance storage capacity and operational efficiency in the region.
LA AMH and Storage Systems Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Industry Ecosystem
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Software
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2.1.2 Hardware
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2.1.3 Services
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2.1.4 Integration
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2.2 By Equipment Type
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2.2.1 Mobile Robots
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2.2.1.1 Automated Guided Vehicle(AGV)
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2.2.1.1.1 Automated Forklift
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2.2.1.1.2 Automated Tow/Tractor/Tug
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2.2.1.1.3 Unit Load
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2.2.1.1.4 Assembly Line
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2.2.1.2 Autonomous Mobile Robots(AMR)
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2.2.2 Automated Storage and Retrieval System(ASRS)
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2.2.2.1 Fixed Asile
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2.2.2.2 Carousel
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2.2.2.3 Vertical Lift Module
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2.2.3 Automated Conveyor
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2.2.3.1 Belt
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2.2.3.2 Roller
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2.2.3.3 Pallet
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2.2.3.4 Overhead
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2.2.4 Palletizer
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2.2.4.1 Conventional
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2.2.4.2 Robotic
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2.2.5 Sortation System
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2.3 By End-User
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2.3.1 Airport
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2.3.2 Automotive
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2.3.3 Food and Beverage
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2.3.4 Retail/Warehousing/Distribution Centers/Logistic Centers
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2.3.5 General Manufacturing
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2.3.6 Pharmaceuticals
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2.3.7 Post and Parcel
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2.3.8 Electronics and Semiconductor Manufacturing
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2.3.9 Other End-Users
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2.4 By Country
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2.4.1 Brazil
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2.4.2 Argentina
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2.4.3 Mexico
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2.4.4 Colombia
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2.4.5 Peru
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2.4.6 Chile
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LA AMH and Storage Systems Market Size FAQs
What is the current LA AMH and Storage Systems Market size?
The LA AMH and Storage Systems Market is projected to register a CAGR of 7.90% during the forecast period (2024-2029)
Who are the key players in LA AMH and Storage Systems Market?
Interroll Group, SSI SCHEFER AG, Murata Machinery Limited, KION Group AG and Jungheinrich AG are the major companies operating in the LA AMH and Storage Systems Market.
