Latin America Material Handling Integration Market Size & Outlook
Latin America material handling integration market, 2018-2030 (US$M)
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Latin America material handling integration market highlights
- The Latin America material handling integration market generated a revenue of USD 3,086.1 million in 2023.
- The market is expected to grow at a CAGR of 7.6% 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 3,086.1 million |
| Market revenue in 2030 | USD 5,139.6 million |
| Growth rate | 7.6% (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 | Daifuku Co Ltd, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Cargotec Oyj ADR, KION GROUP AG, Honeywell International Inc, SSI Schaefer Systems International North America, TGW Logistics Group, Murata Manufacturing Co Ltd, Swisslog, KNAPP AG, Fives, Fortna |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.8% of the global material handling integration 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 22,994.0 million by 2030.
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Material Handling Integration Market Scope
Material Handling Integration Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America material handling integration 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 material handling integration market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 65.72% in 2023. Horizon Databook has segmented the Latin America material handling integration market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
South America has a developing technology infrastructure, and a booming e-commerce industry, which picked pace amid the COVID-19 pandemic. The need for logistics automation technologies in South American countries such as Chile, Brazil, and Peru has grown in recent years.
Reasons for companies adopting automation and robotics include improving performance, streamlining processes, and improving customer service. Material handling integration company KNAPP AG has a strong presence in South America, with the company's Latin American headquarters in Brazil.
It also has a presence in Argentina and Chile. Micro fulfillment is a growing trend in the food retail sector. Hence, there is a growing need for material handling integration systems to improve delivery times and customer satisfaction.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America material handling integration market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America material handling integration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America material handling integration market size, by country, 2018-2030 (US$M)
Latin America Material Handling Integration Market Outlook Share, 2023 & 2030 (US$M)
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