LA AMH and Storage Systems Market Size

Statistics for the 2023 & 2024 LA AMH and Storage Systems market size, created by Mordor Intelligence™ Industry Reports. LA AMH and Storage Systems size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of LA AMH and Storage Systems Industry

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Latin America Automated Material Handling and Storage Systems Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.90 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Latin America AMH & Storage Systems Market Analysis

The Latin America Automated Material Handling and Storage Systems Market is expected to register a CAGR of 7.9% over the forecast period from 2021 - 2026. The demand for AMH equipment is primarily driven by automotive, metal, healthcare, and pharmaceutical industries in the Latin America Market. With the recent outbreak of COVID-19, the demand for automation is expected to increase over the long run, primarily to cope with the shortage of labor and increasing costs.

  • With the rapid growth in stock-keeping units (SKUs), wholesalers and distributors are finding it difficult to make informed decisions about the operations. This factor is driving the need for smarter usage of labor, equipment, and technology. The major factors driving the need for automated material-handling systems are cost savings, labor efficiency, and space constraints.
  • In the current market landscape, there is an increase in the number of available products and demand for more frequent and smaller deliveries. Also, advanced technologies, like automatic guided vehicles (AGVs) and warehouse management systems (WMS), continued to increase in the food and beverage warehouses and production operations, providing several benefits to the manufacturers.
  • Inspired by Industry 4.0, which supports collaboration between automated systems within facilities, warehouse managers in Latin America are now interested in incorporating enterprise-wide automation. The company-wide deployment will increase AGVs' accessibility to warehouse employees daily and encourage integration among other technological systems, as AGVs communicate with automated storage and retrieval systems (AS/RS) and warehouse management systems.
  • The primary driving forces for the growth of the Latin America regional segment are the rising urbanization, rising e-commerce sales, and the significant presence of technology providers. These players are investing in research and development activities to offer innovative solutions to stay in the competitive market landscape.

Latin America Automated Material Handling and Storage Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)