Latin America Warehouse Automation Market Size & Outlook
The warehouse automation market in Latin America is expected to reach a projected revenue of US$ 2,382.4 million by 2030. A compound annual growth rate of 18% is expected of Latin America warehouse automation market from 2024 to 2030.
Latin America warehouse automation market highlights
The Latin America warehouse automation market generated a revenue of USD 799.9 million in 2023.
The market is expected to grow at a CAGR of 18% from 2024 to 2030.
In terms of segment, hardware was the largest revenue generating component in 2023.
Software 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 799.9 million
Market revenue in 2030
USD 2,382.4 million
Growth rate
18% (CAGR from 2024 to 2030)
Largest segment
Hardware
Fastest growing segment
Software
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Services, Hardware, Software
Key market players worldwide
Dematic, Daifuku Co Ltd, Swisslog, Honeywell International Inc, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Murata Machinery, KNAPP AG, Kardex Holding AG Registered Shares, Mecalux Espana, BEUMER Group, SSI Schaefer Systems International North America
Other key industry trends
In terms of revenue, Latin America region accounted for 4.2% of the global warehouse 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 18,578.9 million by 2030.
Latin 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 Latin 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. Warehouse automation company KNAPP AG has a strong presence in Latin America, with the company's Latin American headquarters in Brazil. Similarly, SSI SCHAEFER has a presence in Argentina, Brazil, Peru, Chile, and Columbia.
Microfulfillment is a growing trend in the food retail sector. Hence, there is a growing need for warehouse automation solutions to improve delivery times and customer satisfaction.
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 Warehouse Automation Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 63.8% in 2023.
Horizon Databook has segmented the Latin America warehouse automation market based on services, hardware, software 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 amid the COVID-19 pandemic. The need for logistics automation technologies in Latin 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. Warehouse automation company KNAPP AG has a strong presence in Latin America, with the company's Latin American headquarters in Brazil. Similarly, SSI SCHAEFER has a presence in Argentina, Brazil, Peru, Chile, and Columbia.
Microfulfillment is a growing trend in the food retail sector. Hence, there is a growing need for warehouse automation solutions to improve delivery times and customer satisfaction.
Latin America Warehouse Automation Market Component Outlook (Revenue, USD Million , 2018-2030)
Hardware
Software
Services
Latin America Warehouse Automation Market Automation Level Outlook (Revenue, USD Million , 2018-2030)
Basic Automation
Intermediate Automation
Advanced Automation
Autonomous Warehouses
Latin America Warehouse Automation Market Application Outlook (Revenue, USD Million , 2018-2030)
Retail & E-commerce
Healthcare
Automotive
Aerospace & Defense
Electronics & Semiconductors
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Warehouse Automation Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Warehouse Automation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Warehouse Automation Market, 2018-2030 (US$M)