Middle East and Africa Automated Storage and Retrieval System Market Size (2024 - 2029)

MEA Automated Storage & Retrieval System Market Analysis

The Middle East and Africa Automated Storage and Retrieval System are expected to reach a CAGR of 10.15% during the forecast period (2020 - 2026). The demand for Automated Storage and Retrieval Systems studied in the market has been impacted in 2020 due to the COVID-19 pandemic. Due to the lockdown imposed in the region, there has been a decline in the demand for robots due to various industries experiencing sluggish market conditions and tight financial positions. However, there has been a limited increase due to the rise in demand for online retail. In a nutshell, the need for the products will be less throughout 2020 compared to previous years but is expected to increase once the vaccine is launched, which is scheduled for 2021.

• AS/RS systems are deployed in warehouse and delivery stations to identify and retrieve the selected goods for processing. With companies handling many orders daily, the need for fast and efficient operating systems is on the rise.
• Moreover, companies are deploying advanced automated systems to replace human labor and improve the efficiency of the systems. Thus, AS/RS systems are finding growing demand in these applications. With many companies such as Amazon, eBay, and Alibaba investing heavily in e-commerce, the market for ASRS is also expected to grow at a healthy rate.
• The Saudi Arabian automotive industry is still in the nascent stage. Currently, it is developing a car manufacturing city as a part of the 2030 Vision reform plan. This move is expected to increase the demand for AS/RS hardware. Parking solutions using these systems are expected to gain more traction in the region over the forecast period, focusing on efficient parking space use.
• Israel is also emerging as a hotspot for automotive manufacturers. Further, Ford and Renault-Nissan set up specialized centers in this region to enhance their capabilities in autonomous driving. This move is expected to increase the demand for AS/RS equipment.
• Furthermore, more convenient cross-border payments methods like UniPay and PayPal have also boosted the transactions on the e-commerce platforms. With such reliable and convenient cross-border transactions and the boom of e-commerce, consumers have reduced their patronage of brick-and-mortar stores for shopping. This results in the expansion of the online retail market, and companies are thus investing heavily to improve the technology. With logistics playing a significant part in online retail, warehouse and delivery stations are crucial points in the e-commerce segment.

MEA Automated Storage & Retrieval System Industry Segmentation

The Middle East and Africa region are significant global markets for automated storage and retrieval systems (ASRS), which the United Arab Emirates, Saudi Arabia, and South Africa lead. Moreover, the market is fragmented due to only many prominent players and is segmented by product type and end-user industries. The report provides vendor profiles operating in the market and the market share of each end-user sector and product type. Further, the market study also comprises details on the impact of COVID-19.