Robotics - Mexico | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$694.10m in 2024.
Industrial robotics dominates the market with a projected market volume of US$374.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.97%, resulting in a market volume of US$1.39bn by 2029.
In global comparison, most revenue will be generated United States (US$9.42bn in 2024).

Definition:

The Robotics market refers to the industry that encompasses the design, development, manufacturing, and deployment of robotic systems and technologies. It involves the creation of machines that perform tasks autonomously or with minimal human intervention. These machines, also known as robots, mimic human actions and/or perform specialized functions in various sectors. These sectors include manufacturing, healthcare, agriculture, logistics, defense, and entertainment.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Structure:

The Robotics market shows the market size of robotics in industrial and service use cases. In Industrial Robotics, there are six distinct markets:

The Automotive Industry Robotics market
The Chemical Industry Robotics market
The Electric/Electronic Industry Robotics market
The Food Industry Robotics market
The Metal Industry Robotics market
The Other Industry Robotics market

Service Robotics is further split into:

The Commercial Service Robotics market, which contains the Agriculture, Logistics, Medical and Other Service Robotics markets
The Consumer Service Robotics market, which contains the Domestic and Entertainment Robotics markets

Additional information:

Data includes revenues, volume, and the average price per newly installed robot. It also examines the level of automation, the share of collaborative robots, and investment in robotics, as well as a list of the key players in the market and their consolidated revenues. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Industrial Robotics does not include software revenues, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them. For Service Robotics, software revenues are considered, as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Kuka, ABB, Boston Dynamics, and Yaskawa Electric Corporation.

For more information on the data displayed, use the info button right next to the box.

Industrial Robotics
Service Robotics

robots not programmable in two or more axes
robots with no degree of autonomy

The Robotics Market in Mexico has been experiencing steady growth, driven by factors such as increasing adoption of automation, rising demand for efficient manufacturing processes, and the convenience offered by service robots. The market's average growth rate is impacted by various sub-markets, with industrial robotics being the main contributor.

Customer preferences: The Robotics Market in Mexico has seen a rise in demand for automation and AI technologies, driven by the need for efficient and cost-effective solutions in manufacturing and logistics. This shift towards automation is also influenced by the country's growing young population and increasing focus on innovation and technology. Additionally, with the rise of e-commerce and the need for contactless delivery, there is a growing demand for robotics solutions in the retail and logistics sectors.

Trends in the market: In Mexico, the Robotics Market is experiencing a surge in demand for collaborative robots, also known as "cobots". These robots are designed to work alongside humans, increasing efficiency and safety in industries such as manufacturing and healthcare. This trend is expected to continue as companies seek to automate processes and reduce labor costs. Additionally, advancements in artificial intelligence and machine learning are driving the development of more sophisticated and adaptable robots. These trends have significant implications for industry stakeholders, as they must adapt to new technologies and consider the potential impact on job displacement and workforce training.

Local special circumstances: In Mexico, the Robotics Market is experiencing growth due to the country's strong manufacturing industry and increasing adoption of automation technologies. Additionally, Mexico's proximity to the United States makes it a key player in the global supply chain, leading to an increased demand for robotics in industries such as automotive and electronics. The government's initiatives to promote and invest in robotics technology also contribute to the market's growth. Furthermore, Mexico's cultural emphasis on efficiency and productivity drives the adoption of robotics, making it a unique market with its own set of influencing factors.

Underlying macroeconomic factors: The Robotics Market in Mexico is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investments in infrastructure. The country's strong manufacturing sector, coupled with its strategic location, makes it an ideal market for robotics. Moreover, the government's initiatives to promote automation and robotics in various industries, along with the growing demand for efficient and cost-effective solutions, are driving the growth of the market. Additionally, the increasing focus on improving productivity and reducing labor costs is also fueling the adoption of robotics in Mexico.

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.