Latin America, Middle East and Africa Automated Guided Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Latin America, Middle East and Africa Automated Guided Vehicle Market is segmented by Product Type (Automated Fork Lift, Automated Tow/Tractor/Tugs, Unit Load, Assembly Line, Special Purpose), End-User Industry (Food and Beverage, Automotive, Retail, Electronics and Electrical, General Manufacturing, Pharmaceuticals), and Country.

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Latin America, MEA Automated Guided Vehicles Market Size

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Rest Of World Automated Guided Vehicles Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 32.80 %
Market Concentration Low

Major Players

Rest Of World Automated Guided Vehicles Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Latin America, MEA Automated Guided Vehicles Market Analysis

Latin America, the Middle East, and Africa's automated guided vehicle market are expected to register a CAGR of 32.8% over the forecast period (2021 - 2026). The COVID-19 outbreak and lockdown restrictions across the globe have affected industrial activities across the world. Some of the effects of lockdown include supply chain disruptions, lack of availability of raw materials used in the manufacturing process, labor shortages, fluctuating prices that could cause the production of the final product to inflate and go beyond budget, shipping problems etc. All businesses across the region with crucial assets for manufacturing goods and services offering revenue have been experiencing a rapid decline due to the COVID-19 pandemic. The management of such companies has been feeling extreme urgency and panic, thereby, more emphasis being paid to cutting costs. Since manufacturing activity was low, companies were tempted to eliminate maintenance, resulting in significant expenses in the coming future.

  • The region holds good potential for growth. However, the precarious political situations in the region are expected to hinder the growth. For instance, in the last 12 months, Mexico, Cuba, and Brazil have elected new leaders, and Argentina is preparing for elections. Venezuela continues to face upheaval the face of Nicolas Maduro's re-election. Despite such recent developments, the region's strong economies such as Brazil, Columbia, Mexico, and Chile are expected to drive growth in various industries.
  • Moreover, the region holds a significant share of automotive and food & beverage industries across the globe, especially in automotive industry countries such as Mexico and Brazil produced more vehicles than Russia and Canada.
  • With rising labor costs and supply chain pressure for better accuracy, speed, and responsive operations in the middle east, automated sortation systems are gaining prominence in supply chains for delivering productivity, throughput capacity, efficiency, and accountability for business's cost-effective and efficient flow of goods to consumers. Manufacturers of many fast-moving consumer goods use sortation systems, primarily for handling cantonized products. Also, South Africa is widely recognized for sophisticated construction work, with less floor space to operate for construction activities. Thus, particular purpose automated guided vehicles are gaining popularity in the construction sector.
  • Further, Brazil, which is expanding, resourceful, and demographically buoyant, is a promising market for automation. The burgeoning population of upper and middle classes in Brazil is expected to result in increased consumption rates. However, due to a rapid increase in labor costs, many business models are likely to change.
  • In addition, the high initial costs and the long period of return on investment involved in the adoption of the automated systems are expected to challenge the market growth over the forecasted period. However, the added benefits and customer satisfaction associated with adopting such systems are expected to benefit the organizations.

Latin America, MEA Automated Guided Vehicles Market Trends

This section covers the major market trends shaping the Latin America, MEA Automated Guided Vehicles Market according to our research experts:

Retail Industry is Expected to Hold Significant Market Share

  • E-commerce share of the total retail sales from the region is expanding year on year, which is expected to increase the need for automating the warehouses even further, driving the demand for automated guided vehicles. The e-commerce share of total retail sales from the region is expected to cross 3% by 2020.
  • Brazil represents about 42% of all B2C e-commerce in Latin America. Amazon, though it entered Brazil in 2012, has been only primarily dealing with books. Further, Amazon added categories, such as smartphones, notebooks, tablets, and accessories, and further fine-tuned its logistics in a few months before offering a complete product assortment in the country.
  • In October 2020, Amazon announced USD 100 million logistics investment in opening new warehouses in Mexico, including its first shipping centers outside the populous capital area, to offer faster deliveries. The new sites include two fulfillment centers, one near the northern city of Monterrey and another near the central city of Guadalajara. Additionally, the company is also striving to make inroads in Brazil, where it recently opened its fifth and biggest fulfillment center in the country, with 100,000 square meters. All these investments are expected to drive the utilization of AGV in the warehouse.
  • Further, another factor pushing the market for AGV in the Middle East is its ability to provide alert capabilities that notify the user about a product kept in the inventory for too long and possibly reaching its expiration date. The notification function is enabled by the inventory management software available with the AGV, and it allows the companies to achieve cost-effective operations by reducing wastage.
  • In addition to this, the large-scale growth and expansion of the third-party logistics companies in the food and beverage industry are also expected to drive the market for AGV due to their heavy use by these organizations, to achieve process optimization and cost-effective operations.
Rest Of World Automated Guided Vehicles Market Share

United Arab Emirates is Expected to Account For Significant Market Share

  • The growing food and beverage e-commerce industry in the country is another driving factor. E-commerce growth directly leads to warehouse automation for optimizing the operations hence positively influencing the market. The warehouses deploy AGVs to carry out warehouse logistics and procedures, which can lift heavy weights and have been reported to save the time taken to complete the logistical processes threefold. The growing penetration of online shopping in the country is another contributing factor.
  • Further, advanced technology has given rise to equipment and processes that have transformed the country's food and beverage sector. The food and beverage industry has traditionally relied on human workers to handle functions like distribution and storing; robotics are being developed and implemented to streamline the process and produce more consistent output.
  • Many people in the country are adopting e-commerce for their daily necessities, such as drinks, biscuits, and shampoos. The retail market is expected to experience rapid growth during the forecast period and help increase the adoption of automation in retails.
  • Moreover, the consumers in the country seek shorter delivery times, increasing the application of AGV in warehouses and distribution centers. In, addition advancements in technology have made AGV's better and smaller; lower costs and shortage of labor in some places have fueled the growth of the market studied.
  • Furthermore, AGVs achieved significant success in hospitals, with NHS installing AGV solutions throughout hospitals in the United Arab Emirates. AGVs in hospitals carry all the payloads that move repetitively between departments, such as food, linen, stores, waste, pharmacy, and sterile supplies. Reliable and timely delivery of various shipments helps hospitals run more efficiently and better target other resources. The demand for AGVs is primarily driven by the country's automotive, metal, healthcare, and pharmaceutical industries. With the recent coronavirus outbreak, the need for automation is expected to increase over the long run, primarily to cope with the shortage of labor and rising costs.
Rest Of World Automated Guided Vehicles Market Growth

Latin America, MEA Automated Guided Vehicles Industry Overview

The Latin America, Middle East, and Africa automated guided vehicle (AGV) market is fragmented and is home to various significant vendors depending on the location. The major vendors in the market garner a more in-depth product portfolio catering to customers' different requirements. In contrast, other vendors operate in niche segments providing customizations and customer-specific orders. Key players include Kuka Group, Schaefer Systems International Pvt Ltd, ABB Ltd., Jungheinrich Group, etc. Some of the recent developments in the market are-

  • September 2020 - KUKA Group launched the KR SCARA horizontal jointed-arm robots AGV that is ultra-compact and at the same time deliver maximum cost-effectiveness. The robot reaches 500 or 700 millimeters, a short cycle time of just 0.36 or 0.38 seconds. The KR SCARA robots are ideal for pushing ahead with automation in cost-sensitive markets.
  • August 2020 - Dematic has launched its new Table-Top (TT) Series of Automated Guided Vehicles (AGVs), offering high-accuracy and agile navigation for improved flexibility within the warehouse. With a unit weight of less than 500 kg and a capability to carry 1,500 kg, the new TT Series AGV is the smallest and most agile AGV in Dematic's range. TT Series AGVs are standard with a table-top lift, optional conveyor, or custom model and run on high-performance 24 V lithium batteries with automatic opportunity charging.

Latin America, MEA Automated Guided Vehicles Market Leaders

  1. KUKA Group

  2. Schaefer Systems International Pvt Ltd

  3. Jungheinrich Group

  4. Dematic Group (KION)

  5. ABB Ltd.

*Disclaimer: Major Players sorted in no particular order

Kuka Group, Schaefer Systems International Pvt Ltd, ABB Ltd., Jungheinrich Group
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Latin America, MEA Automated Guided Vehicles Market News

  • November 2020 - Mitsubishi Electric has launched its Assista collaborative robot and AGV in Latin America. The Assista Collaborative Robot is built to be an industrial-grade collaborative robot for a cooperative environment.
  • August 2020 - Geek+ Inc is expanding with its first South American project, following the US & Mexico deployments. The company announced its expansion into South America with its first automation project, providing intelligent logistics solutions to Walmart Chile, the largest supermarket chain in the country.

Latin America, MEA Automated Guided Vehicles Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHADOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Assessment of Impact of COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Rapid Growth of the E-commerce Industry

      2. 5.1.2 Need for Automation in Maritime Applications for Improvement in Terminal Efficiency

    2. 5.2 Market Restraints

      1. 5.2.1 High Initial Investment

      2. 5.2.2 Limitation of Real-time Wireless Control Due to Communication Delays

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Product Type

      1. 6.1.1 Automated Forklift

      2. 6.1.2 Automated Tow/Tractor/Tugs

      3. 6.1.3 Unit Load

      4. 6.1.4 Assembly Line

      5. 6.1.5 Special Purpose

    2. 6.2 By End-User Industry

      1. 6.2.1 Food and Beverage

      2. 6.2.2 Automotive

      3. 6.2.3 Retail

      4. 6.2.4 Electronics and Electrical

      5. 6.2.5 Pharmaceuticals

      6. 6.2.6 Other End-User Industries

    3. 6.3 By Country

      1. 6.3.1 United Arab Emirates

      2. 6.3.2 Saudi Arabia

      3. 6.3.3 South Africa

      4. 6.3.4 Rest of Middle East and Africa

      5. 6.3.5 Brazil

      6. 6.3.6 Mexico

      7. 6.3.7 Argentina

      8. 6.3.8 Rest of the Latin America

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 KUKA Group

      2. 7.1.2 ABB Ltd

      3. 7.1.3 Schaefer Systems International Pvt Ltd

      4. 7.1.4 Jungheinrich Group

      5. 7.1.5 Dematic Group (KION)

      6. 7.1.6 Savant Automation

      7. 7.1.7 Daifuku Co. Ltd

      8. 7.1.8 Transbotics Corporation

      9. 7.1.9 Aethon Inc.

      10. 7.1.10 Toyota Material Handling International AB

      11. 7.1.11 Amerden Inc.

    2. *List Not Exhaustive

  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

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Latin America, MEA Automated Guided Vehicles Industry Segmentation

Automated guided vehicles (AGVs) are fully automated transport systems that function with unmanned vehicles. Automated guided vehicles offer many advantages, such as reducing operational cost, enhanced workforce safety, and decrement in production time. The growing implementation of mobile robots across the region and measures to enhance workplace safety and productivity are other factors leading to the adoption of AGV. Further, the study also considers the impact of COVID-19 in the market.

By Product Type
Automated Forklift
Automated Tow/Tractor/Tugs
Unit Load
Assembly Line
Special Purpose
By End-User Industry
Food and Beverage
Automotive
Retail
Electronics and Electrical
Pharmaceuticals
Other End-User Industries
By Country
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East and Africa
Brazil
Mexico
Argentina
Rest of the Latin America
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Latin America, MEA Automated Guided Vehicles Market Research FAQs

The Latin America, Middle East and Africa Automated Guided Vehicles Market is projected to register a CAGR of 32.80% during the forecast period (2024-2029)

KUKA Group, Schaefer Systems International Pvt Ltd, Jungheinrich Group, Dematic Group (KION) and ABB Ltd. are the major companies operating in the Latin America, Middle East and Africa Automated Guided Vehicles Market.

The report covers the Latin America, Middle East and Africa Automated Guided Vehicles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America, Middle East and Africa Automated Guided Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Latin America, Middle East and Africa Automated Guided Vehicles Industry Report

Statistics for the 2024 Latin America, Middle East and Africa Automated Guided Vehicles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America, Middle East and Africa Automated Guided Vehicles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Latin America, Middle East and Africa Automated Guided Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)