The Latin America, Middle East and Africa Manufacturing Automation Market would witness market growth of 11.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Manufacturing Automation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $423.9 million by 2031. The Argentina market is showcasing a CAGR of 12.8% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 10.5% during (2024 - 2031).
Automation technologies are being progressively adopted by small and medium-sized enterprises (SMEs), which comprise 90% of all companies worldwide, in addition to large multinational corporations. While SMEs may not have the same level of resources as larger companies, automation allows them to compete on a more level playing field.
Moreover, in many cases, automation allows SMEs to scale up their operations without significant increases in labor or infrastructure. This is particularly important in sectors such as food processing, where automation can help small manufacturers meet growing consumer demand while maintaining competitive pricing.
The manufacturing automation market is undergoing substantial development throughout the LAMEA region, and this growth is being fueled by the growing e-commerce and healthcare sectors. As e-commerce platforms become more prominent globally, logistics providers and manufacturers increasingly turn to automation to handle the rising demand for faster and more efficient order fulfillment. In South Africa, the expansion of e-commerce and healthcare is similarly fueling a need for automation in manufacturing. E-commerce platforms have grown exponentially following the pandemic, leading to increased demand for automated systems in warehouses and fulfillment centers to handle higher volumes of online orders.
Free Valuable Insights: The Worldwide Manufacturing Automation Market is Projected to reach USD 23.9 Billion by 2031, at a CAGR of 9.4%
Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on End-Use, the market is segmented into Discrete Manufacturing and Process Manufacturing. Based on Component, the market is segmented into Hardware, Software, and Services (Managed Services and Professional Services). Based on Technology, the market is segmented into PLC and Robotics. Based on Solution, the market is segmented into Monitoring & Diagnostics, Control Systems, and Robotics & Autonomous Systems. Based on Deployment, the market is segmented into On-premises and Cloud-based. Based on Industry Vertical, the market is segmented into Automotive, Consumer Electronics, Transportation & Logistics, Healthcare, and Other Industry Vertical. Based on Application, the market is segmented into Assembly Line Automation, Material Handling Automation, Transportation & Logistics, Welding & Fabrication Automation, Packaging Automation, and Other Application. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Enterprise Size
By End-Use
By Component
By Technology
By Solution
By Deployment
By Industry Vertical
By Application
By Country
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