Latin America Logistics Automation Market Size & Outlook
Latin America logistics automation market, 2018-2030 (US$M)
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Latin America logistics automation market highlights
- The Latin America logistics automation market generated a revenue of USD 3,103.2 million in 2023.
- The market is expected to grow at a CAGR of 14% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component 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 3,103.2 million |
| Market revenue in 2030 | USD 7,776.0 million |
| Growth rate | 14% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | KION GROUP AG, Daifuku Co Ltd, Honeywell International Inc, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Murata Manufacturing Co Ltd, Kardex Holding AG Registered Shares, Toyota Industries Corp, Oracle Corp, SAP SE, Kuka Automatisering Robots, KNAPP AG, TGW Logistics Group, Mecalux Espana, BEUMER Group, SSI SCHAEFER, Witron, One Network Enterprises |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.0% of the global logistics automation 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 25,542.8 million by 2030.
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Logistics Automation Market Scope
Logistics Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America logistics automation 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 logistics automation market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 65.26% in 2023. Horizon Databook has segmented the Latin America logistics automation market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America has a developing technology infrastructure and a booming e-commerce industry, which picked pace during the COVID-19 pandemic. The need for logistics automation technologies in Latin American countries such as Mexico, Chile, Brazil, and Argentina has increased in recent years.
Companies in Latin America are adopting automation and robotics to improve performances, streamline processes, and improve customer services.
KNAPP AG, a logistics automation company, has a strong presence in Latin America, with the company's Latin American headquarters in Brazil. The company also has marked its presence in Argentina and Chile.
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Target buyers of Latin America logistics automation market databook
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Our clientele includes a mix of logistics automation market companies, investment firms, advisory firms & academic institutions.
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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 logistics automation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America logistics automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America logistics automation market size, by country, 2018-2030 (US$M)
Latin America Logistics Automation Market Outlook Share, 2023 & 2030 (US$M)
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