Latin America Autonomous Mobile Robots Market Forecast Analysis 2024-2032
Triton’s research report estimates that the Latin America autonomous mobile robots market is expected to garner revenue at a CAGR of 22.04% during the forecast years 2024-2032.
The autonomous mobile robot (AMR) market in Latin America is experiencing significant growth, driven by a combination of technological advancements, increasing labor costs, and a growing need for automation across various industries. Additionally, the manufacturing sector in this region is increasingly adopting Industry 4.0 practices, which include the integration of AMRs to streamline production lines, improve material handling, and enable just-in-time inventory management. The government policies promoting automation and digital transformation, along with favorable trade agreements, are contributing to the expansion of this market in the region.
The countries studied in this region include Brazil, Mexico, and Rest of Latin America.
Mexico captured the highest share in the autonomous mobile robots market, obtaining about $57.89 million in 2023.
- As Mexico becomes an important hub for automotive, electronics, and consumer goods manufacturing, the need for efficient material handling and transportation within factories and warehouses has grown, leading to increased demand for AMRs.
- Additionally, the rise of e-commerce in the region has accelerated the need for automated solutions in distribution centers to manage inventory and streamline order fulfillment processes.
- The shortage of skilled labor has also led companies in Mexico to adopt robotic solutions for business continuity. Consequently, the AMR market in the country is set for significant growth, fueled by technological advancements, supportive government policies, and evolving industry demands.
Autonomous Mobile Robots Market Forecast for Brazil
Brazil’s government and private sector have invested heavily in Industry 4.0 over recent years, with investments reaching nearly $9 billion in advanced manufacturing technologies in 2021. A substantial portion of these investments is directed toward robotics, including AMRs, as industries aim to enhance their competitiveness on a global scale. The focus on robotics and AMRs stems from the potential to drastically improve efficiency, reduce operational costs, and enhance flexibility within production environments. This shift is particularly crucial for Brazil, which aims to transform its traditionally labor-intensive industries into more technologically advanced and resilient sectors.
The autonomous mobile robots market is segmented based on robot type, application, component, and end-user. Based on robot type, it is further classified into autonomous inventory robots, self-driving forklifts, goods-to-person picking robots, and unmanned aerial vehicles. Self-driving forklifts, also known as autonomous forklifts or automated guided forklifts (AGFs), are a type of autonomous mobile robot (AMR) specifically designed for material handling and logistics operations. These forklifts can autonomously pick up, transport, and place pallets or other materials. They are often used for repetitive tasks such as loading and unloading pallets from storage racks, transporting goods between different areas of a facility, and organizing inventory.
Contender Analysis in the Autonomous Mobile Robots Market:
Vecna Robotics is a technology company specializing in automated material handling, hybrid fulfillment, and workflow optimization solutions. Leveraging its Pivot.al orchestration engine, beacon service, aerospace-grade multi-layer safety system, and an intuitive user interface, the company develops robots and autonomous vehicles tailored for the distribution, e-commerce, warehousing, and manufacturing industries. It is headquartered in Massachusetts, United States.
Recently, the company has secured over $100 million in funding to drive the expansion of its warehouse automation solutions, particularly for material handling in warehousing and distribution.
The key entities in the reviewed market are Bleum, Clearpath Robotics Inc, Omron Corporation, ABB Ltd, Boston Dynamics, Greyorange, and Locus Robotics Inc.
LATIN AMERICA AUTONOMOUS MOBILE ROBOTS MARKET 2024-2032.pdf