The Asia Pacific Warehouse Robotics Market would witness market growth of 19.4% CAGR during the forecast period (2023-2029).
In warehouses, robotic order picking can boost production by manifolds. A key tactic to benefit from warehouse automation is robotics as a service, or RaaS. The market is rising quickly as a result of the increasing usage of cobots or collaborative robots in industries like healthcare. As a result, numerous companies are joining the market in the service robotics industry, which is new and developing. Robots for service applications, including delivery robots, mobile robots, and autonomous mobile robots, are beginning to gain traction as a result of rising professional applications within various industries. In addition, due to the large number of startup enterprises that have innovative robot service applications, robots are in high demand in the service industry.
Increased use of warehouse robot solutions in storage centers for the food and beverage, fast-moving consumer products, 3PL, and retail industries is a major factor fueling the expansion of the warehouse robotics application. In addition, market development is also being aided by an increase in cooperation between e-commerce businesses and warehouse robotics companies. To address the needs of end users, top warehouse robotics manufacturers are concentrating on launching cutting-edge services. Moreover, to improve their competitiveness, major businesses are keeping up with market trends in warehouse robotics.
The development of the Asia Pacific warehouse robotics market is aided by a rise in industrial control and factory automation solutions as well as the expansion of the warehouse sector. Due to increased investments by market participants in warehouse robot solutions and numerous end-use customers that require these solutions, the demand for warehouse robotics is anticipated to grow quickly. Additionally, the proactive governmental backing for manufacturing industries as well as industrial automation has facilitated the easy adoption of these solutions by many industries. Therefore, the region presents lucrative growth opportunities for the growth expansion of the market.
The China market dominated the Asia Pacific Warehouse Robotics Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,383 million by 2029. The Japan market is estimated to grow a CAGR of 18.6% during (2023 - 2029). Additionally, The India market would experience a CAGR of 20.1% during (2023 - 2029).
Based on Function, the market is segmented into Pick & Place, Palletizing & De-palletizing, Packaging, and Transportation. Based on Application, the market is segmented into E-commerce, Automotive, Consumer Electronics, Healthcare, Food & Beverage and Others. Based on Product, the market is segmented into Mobile Robots, Articulated Robots, Cylindrical Robots, Scara & Parallel Robots and Cartesian Robots. Based on Payload Capacity, the market is segmented into Below 10 kg, 11 kg to 80 kg, 81 kg to 400 kg and 400 kg & Above. Based on Component, the market is segmented into Hardware, Software and Services. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Warehouse Robotics Market is Projected to reach USD 13.9 Billion by 2029, at a CAGR of 19%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Ltd, Bastian Solutions, LLC (Toyota Advanced Logistics Group) (Toyota Industries Corporation), Daifuku Co., Limited, Dematic Group (Kion Group AG), Fetch Robotics, Inc. (Zebra Technologies Corporation), Honeywell International, Inc., Knapp AG, Kuka AG (Swisslog Holding AG), Omron Corporation and Yaskawa Electric Corporation.
By Function
By Application
By Product
By Payload Capacity
By Component
By Country
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