Mexico Material Handling Integration Market Size & Outlook
Mexico material handling integration market, 2018-2030 (US$M)
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Mexico material handling integration market highlights
- The Mexico material handling integration market generated a revenue of USD 1,439.8 million in 2023 and is expected to reach USD 3,015.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.1% 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.
Material handling integration market data book summary
| Market revenue in 2023 | USD 1,439.8 million |
| Market revenue in 2030 | USD 3,015.8 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 3.2% of the global material handling integration market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. material handling integration market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 3,015.8 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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Mexico 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 65.7% in 2023. Horizon Databook has segmented the Mexico material handling integration market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico has a developing technological infrastructure and is seeing increased investments in robotics and automation. According to the U.S. Department of Commerce’s International Trade Administration (ITA), in 2021.
Moreover, manufacturers across a range of industries in Mexico are adopting technologies such as AGVs and Mobile Robot Automation (MRA) to gain a competitive edge. Japan-based material handling integration market player Daifuku Co., Ltd. has operations in Queretaro.
Mexico. Mexico’s developing technological infrastructure and growing adoption of automation are expected to drive the growth of the material handling integration market in Mexico.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico material handling integration market , including forecasts for subscribers. This country databook contains high-level insights into Mexico material handling integration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico material handling integration market size, by component, 2018-2030 (US$M)
Mexico Material Handling Integration Market Outlook Share, 2023 & 2030 (US$M)
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