Latin America Automated Storage and Retrieval System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Latin America Automated Storage & Retrieval System Industry Overview

The Latin American automated storage and retrieval system market is moderately concentrated due to higher initial investments. It is dominated by a few significant players like KION GROUP AG, Bastian Solutions, LLC, SSI Schaefer AG, Murata Machinery Ltd., and KNAPP AG. With a prominent share in the market, these significant players are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are growing their market presence by securing new contracts and tapping new markets.

• September 2020 - KUKA AG launched the KR SCARA horizontal jointed-arm robots that are ultra-compact and at the same time deliver maximum cost-effectiveness. The robot reaches 500 or 700 millimeters, a short cycle time of just 0.36 or 0.38 seconds. The KR SCARA robots are ideal for pushing ahead with automation in cost-sensitive markets.
• August 2020 - Geek+ Inc is expanding with its first South American project, following the US & Mexico deployments. The company announced its expansion into South America with its first robotics project, providing intelligent logistics solutions to Walmart Chile, the largest supermarket chain in the country. Walmart Chile brought Geek+ AMRs to South America, upgrading its supply chain operations.