Latin America Automated Guided Vehicle Market Size & Outlook
Latin America automated guided vehicle market, 2017-2030 (US$M)
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Latin America automated guided vehicle market highlights
- The Latin America automated guided vehicle market generated a revenue of USD 706.3 million in 2023.
- The market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, tow vehicle was the largest revenue generating vehicle type in 2023.
- Unit Load Carrier is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 706.3 million |
| Market revenue in 2030 | USD 1,380.4 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Tow vehicle |
| Fastest growing segment | Unit Load Carrier |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tow Vehicle, Unit Load Carrier, Pallet Truck, Forklift Truck, Hybrid Vehicles |
| Key market players worldwide | Swisslog, Daifuku Co Ltd, Toyota Industries Corp, Hyster-Yale Materials Handling Inc Class A, SSI Schaefer Systems International North America, Egemin Automation, Bastian Solutions, Dematic, JBT, Seegrid, Balyo, E & K Automation, Kollmorgen Automation, KMS Mobility Solutions, Elettric 80, Fetch Robotics, inVia Robotics, Locus Robotics, System Logistics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 14.5% of the global automated guided vehicle market in 2023.
- Globally, Asia Pacific 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 2,753.3 million by 2030.
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Automated Guided Vehicle Market Scope
Automated Guided Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America automated guided vehicle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automated guided vehicle market will help companies and investors design strategic landscapes.
Tow vehicle was the largest segment with a revenue share of 42.26% in 2023. Horizon Databook has segmented the Latin America automated guided vehicle market based on tow vehicle, unit load carrier, pallet truck, forklift truck, hybrid vehicles covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Automated Guided Vehicle Vehicle Type Outlook (Revenue, USD Million, 2017-2030)
- Tow Vehicle
- Unit Load Carrier
- Pallet Truck
- Forklift Truck
- Hybrid Vehicles
- Others
- Latin America Automated Guided Vehicle Navigation Technology Outlook (Revenue, USD Million, 2017-2030)
- Laser Guidance
- Magnetic Guidance
- Vision Guidance
- Inductive Guidance
- Natural Navigation
- Others
- Latin America Automated Guided Vehicle Application Outlook (Revenue, USD Million, 2017-2030)
- Logistics and Warehousing
- Cold Storage
- Transportation
- Wholesale & Distribution
- Cross-Docking
- Assembly
- Packaging
- Trailer Loading and Unloading
- Raw Material Handling
- Others
- Pick & Place
- Handling
- Quality Testing
- Machine Tending
- Gluing & Welding
- Logistics and Warehousing
- Latin America Automated Guided Vehicle Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- Software
- Service
- Latin America Automated Guided Vehicle Battery Type Outlook (Revenue, USD Million, 2017-2030)
- Lead Battery
- Lithium-Ion Battery
- Nickel-based Battery
- Others
- Latin America Automated Guided Vehicle End Use Outlook (Revenue, USD Million, 2017-2030)
- Automotive
- Electronics
- Pharmaceuticals
- Others
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Target buyers of Latin America automated guided vehicle market databook
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Our clientele includes a mix of automated guided vehicle market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America automated guided vehicle market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America automated guided vehicle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America automated guided vehicle market size, by country, 2017-2030 (US$M)
Latin America Automated Guided Vehicle Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
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