Mexico Automated Material Handling Equipment Market Size & Outlook
Mexico automated material handling equipment market, 2018-2030 (US$M)
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Mexico automated material handling equipment market highlights
- The Mexico automated material handling equipment market generated a revenue of USD 1,506.9 million in 2023 and is expected to reach USD 3,176.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.2% 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.
Automated material handling equipment market data book summary
| Market revenue in 2023 | USD 1,506.9 million |
| Market revenue in 2030 | USD 3,176.0 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Robots |
| Fastest growing segment | Collaborative Robots |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 2.5% of the global automated material handling equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico automated material handling equipment market is projected to lead the regional market in terms of revenue in 2030.
- Chile is the fastest growing regional market in Latin America and is projected to reach USD 384.5 million by 2030.
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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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Mexico 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 24.06% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico is one of the 15 largest economies in the world and the second-largest economy in Latin America. Mexico's government is committed to promoting adopting AMH equipment and other Industry 4.0 technologies to improve the country's productivity and competitiveness.
As part of the National Program for the Digital Transformation of Mexican Industries program, the government has partnered with private companies, universities, and research centers to develop new technologies and promote their adoption in the industry.
The program provides funding and support to companies investing in automation technologies and training and education programs to develop the necessary skills and expertise. Additionally, the adoption of AMH equipment in Mexico is seen in the country's automotive industry.
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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 country-level data and insights on the Mexico automated material handling equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automated material handling equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico automated material handling equipment market size, by product, 2018-2030 (US$M)
Mexico Automated Material Handling Equipment Market Outlook Share, 2023 & 2030 (US$M)
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