Latin America Warehouse Robotics Market Size & Outlook
Latin America warehouse robotics market, 2018-2030 (US$M)
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Latin America warehouse robotics market highlights
- The Latin America warehouse robotics market generated a revenue of USD 311.1 million in 2023.
- The market is expected to grow at a CAGR of 21.7% from 2024 to 2030.
- In terms of segment, mobile robots was the largest revenue generating product in 2023.
- Cartesian Robots is the most lucrative product 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 311.1 million |
| Market revenue in 2030 | USD 1,227.7 million |
| Growth rate | 21.7% (CAGR from 2023 to 2030) |
| Largest segment | Mobile robots |
| Fastest growing segment | Cartesian Robots |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mobile Robots, Articulated Robots, Cylindrical Robots, Scara Robots, Parallel Robots, Cartesian Robots |
| Key market players worldwide | ABB Ltd, Toyota Industries Corp, Daifuku Co Ltd, KION GROUP AG, Zebra Technologies Corp Class A, Honeywell International Inc, KNAPP AG, OMRON Corp, YASKAWA Electric Corp, Fanuc Corp, KUKA Robotics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.3% of the global warehouse robotics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 1,227.7 million by 2030.
Mobile robots was the largest segment with a revenue share of 30.44% in 2023. Horizon Databook has segmented the Latin America warehouse robotics market based on mobile robots, articulated robots, cylindrical robots, scara robots, parallel robots, cartesian robots covering the revenue growth of each sub-segment from 2018 to 2030.
The E-commerce industry boom in Latin America is fueling the growth of the warehouse robotics market. In addition, the countries such as Mexico and Brazil are investing heavily in robotics research and development, creating lucrative market growth opportunities.
Furthermore, the expansion of global robotics industry players in the region is projected to add value to the market. For instance, in July 2022, Geek+, the autonomous mobile robot (AMR) technology company, expanded into Latin America with its strategic partner Körber Supply Chain.
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Warehouse Robotics Market Scope
Warehouse Robotics Market Companies
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Latin America warehouse robotics market size, by country, 2018-2030 (US$M)
Latin America Warehouse Robotics Market Outlook Share, 2023 & 2030 (US$M)
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