Latin America Industrial Robotics Market Size & Outlook
Latin America industrial robotics market, 2018-2030 (US$M)
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Latin America industrial robotics market highlights
- The Latin America industrial robotics market generated a revenue of USD 743.6 million in 2023.
- The market is expected to grow at a CAGR of 15.9% from 2024 to 2030.
- In terms of segment, electrical/electronics was the largest revenue generating end use in 2023.
- Chemical, Rubber, & Plastics is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 743.6 million |
| Market revenue in 2030 | USD 2,089.4 million |
| Growth rate | 15.9% (CAGR from 2023 to 2030) |
| Largest segment | Electrical/electronics |
| Fastest growing segment | Chemical, Rubber, & Plastics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food |
| Key market players worldwide | ABB Ltd, YASKAWA Electric Corp, Mitsubishi Electric Corp, KUKA Robotics, Fanuc Corp, Denso Corp, Kawasaki Heavy Industries Ltd, OMRON Corp, Nachi Fujikoshi, Stellantis NV |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.5% of the global industrial robotics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 4,293.8 million by 2030.
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Industrial Robotics Market Scope
Industrial Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America industrial robotics 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 industrial robotics market will help companies and investors design strategic landscapes.
Electrical/electronics was the largest segment with a revenue share of 25.83% in 2023. Horizon Databook has segmented the Latin America industrial robotics market based on automotive, electrical/electronics, metal/heavy machinery, chemical, rubber, & plastics, food covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America industrial robotics market recorded a market share of 2.5% in 2023. The region is projected to witness significant growth due to the growing prominence of industrial automation.
The trend of robotics in food processes to increase production and maintain hygiene is expected to drive market growth. Moreover, the increasing proclivity toward technologically advanced solutions and expansion of several major players in the region is expected to further enhance the market outlook.
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Our clientele includes a mix of industrial robotics 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 industrial robotics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America industrial robotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America industrial robotics market size, by country, 2018-2030 (US$M)
Latin America Industrial Robotics Market Outlook Share, 2023 & 2030 (US$M)
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