The Latin America, Middle East and Africa Logistics Automation Market would witness market growth of 14.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Logistics Automation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,947.6 million by 2031. The Argentina market is showcasing a CAGR of 15.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 14.2% during (2024 - 2031).
The benefits of logistics automation extend beyond operational efficiency and cost savings. By reducing dependency on manual labor for repetitive tasks, businesses can address labor shortages and improve workplace safety. Automation eliminates the necessity for employees to perform physically demanding and hazardous tasks, thereby fostering a more productive and secure work environment.
Moreover, this change also enables human workers to concentrate on duties that are more valuable and necessitate critical thinking and decision-making, thereby promoting employee satisfaction and innovation.
The logistics automation market in the LAMEA region is undergoing rapid transformation as industries embrace global trends and advanced technologies. In Saudi Arabia, the growing demand for logistics is largely driven by the expansion of the medical devices sector. The Vision 2030 program, aimed at diversifying the economy and reducing reliance on energy, has spurred significant investments in healthcare. According to the International Trade Administration (ITA), the medical device industry in Saudi Arabia was valued at over $2 billion in 2023, creating a pressing need for specialized logistics automation solutions. Technologies like temperature-controlled warehousing, robotic storage systems, and real-time shipment tracking are critical for safely and efficiently transporting medical equipment, particularly in a post-pandemic healthcare environment where reliability and precision are paramount.
Free Valuable Insights: The Worldwide Logistics Automation Market is Projected to reach USD 84.97 Billion by 2031, at a CAGR of 12.2%
Based on Enterprise Type, the market is segmented into Large Enterprises, and SMEs. Based on Logistics Type, the market is segmented into Sales Logistics, Production Logistics, Recovery Logistics, and Procurement Logistics. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Transport Management, Warehouse Management, Labor Management, and Other Applications. Based on Industry, the market is segmented into Retail & E-commerce, Food & Beverages, Healthcare & Pharma, Aerospace & Defense, Energy & Utility, Automotive, and Other Industries. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Enterprise Type
By Logistics Type
By Component
By Application
By Industry
By Country
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