Latin America Articulated Robot Market Size & Outlook
The articulated robot market in Latin America is expected to reach a projected revenue of US$ 2,534.9 million by 2030. A compound annual growth rate of 14.1% is expected of Latin America articulated robot market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,007.8
Forecast, 2030 (US$M)
$2,534.9
CAGR, 2024 - 2030
14.1%
Report Coverage
Latin America
Latin America articulated robot market, 2018-2030 (US$M)
Latin America articulated robot market highlights
- The Latin America articulated robot market generated a revenue of USD 1,007.8 million in 2023.
- The market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, handling was the largest revenue generating application in 2023.
- Handling is the most lucrative application segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 1,007.8 million |
| Market revenue in 2030 | USD 2,534.9 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Handling |
| Fastest growing segment | Handling |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Handling |
| Key market players worldwide | ABB Ltd, Comau, Fanuc Corp, Kawasaki Heavy Industries Ltd, KUKA Robotics, Mitsubishi Electric Corp, OMRON Corp, Seiko Epson Corp, Staubli, YASKAWA Electric Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.1% of the global articulated robot market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 19,366.8 million by 2030.
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Articulated Robot Market Scope
Articulated robot market segmentation & scope
End Use
Automotive
Electrical and Electronics
Metal and Machinery
Transportation and Logistics
Chemical
Food
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Articulated Robot Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America articulated robot market
Related regional statistics
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