Latin America Automated Material Handling Equipment Market Size & Outlook
Latin America automated material handling equipment market, 2018-2030 (US$M)
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Latin America automated material handling equipment market highlights
- The Latin America automated material handling equipment market generated a revenue of USD 3,920.5 million in 2023.
- The market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, robots was the largest revenue generating product in 2023.
- Collaborative Robots is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Chile is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3,920.5 million |
| Market revenue in 2030 | USD 7,782.5 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Robots |
| Fastest growing segment | Collaborative Robots |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Robots, AS/RS, Conveyors Systems, Sortation Systems, Cranes, Collaborative Robots, Autonomous Mobile Robots, Automated Guided Vehicle, Warehouse Management System |
| Key market players worldwide | Daifuku Co Ltd, KION GROUP AG, Honeywell International Inc, Toyota Motor Corp, Hyster-Yale Materials Handling Inc Class A, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, John Bean Technologies Corp, SSI Schaefer Systems International North America, Hanwha, KUKA Robotics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.4% of the global automated material handling equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 26,437.6 million by 2030.
Key Regions: U.S. , UK , Mexico , Argentina , Colombia
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Automated Material Handling Equipment Market Scope
Automated Material Handling Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America automated material handling equipment 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 material handling equipment market will help companies and investors design strategic landscapes.
Robots was the largest segment with a revenue share of 24.11% in 2023. Horizon Databook has segmented the Latin America automated material handling equipment market based on robots, as/rs, conveyors systems, sortation systems, cranes, collaborative robots, autonomous mobile robots, automated guided vehicle, warehouse management system covering the revenue growth of each sub-segment from 2018 to 2030.
AMH equipment adoption is significantly rising in Latin America due to overall economic growth. As countries in the region continue to develop, there is a greater need for efficient logistics and supply chain management, which can be achieved through automated systems.
For example, Brazil, one of the largest economies in Latin America, has seen significant growth in its logistics industry in recent years. As a result, increased adoption of automated material handling equipment has accompanied this growth.
Technological advancements also drive the adoption of AMH equipment in Latin America. New technologies such as robotics, artificial intelligence, and machine learning are making automated systems more efficient, reliable, and cost-effective. As a result, many regional companies are investing in these technologies to improve their logistics and supply chain operations.
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Our clientele includes a mix of automated material handling equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America automated material handling equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America automated material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America automated material handling equipment market size, by country, 2018-2030 (US$M)
Latin America Automated Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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