Asia Pacific Warehouse Robotics Market Size (2024 - 2029)

Asia Pacific Warehouse Robotics Market Analysis

The market for Warehouse Robotics is expected to reach a CAGR of 12.24% during the forecast period of 2020 - 2025. The manufacturing sector is expected to account for a significant market share and become one of the key contributors in the country, with investments in the industry growing massively. There has been an increasing need for delivering various products in small timeframes, which require efficient inventory management and reverse logistics systems. Significant investments in the e-commerce industry, along with the demand from the ever-growing internet-enabled consumers, are impacting the growth of roller conveyors in Asia-Pacific.

• Companies that already deployed these robots in their warehouses are witnessing the results during the pandemic. JD.com, a Chinese e-commerce giant based out of Wuhan, has been using a fleet of robotic vehicles in its automated warehouses to deliver essential goods to residents stuck at homes and shopping online. The company claims that it witnessed an increase in the daily orders from about 600,000 to nearly double in a single week during the pandemic.
• The South Korean government's measures ensure to boost the country's small and mid-size manufacturing companies, including the establishment of 30,000 smart factories by 2022. The government expects that small and mid-size firms in the manufacturing industry will create 66,000 jobs by automating 50% of their manufacturing facilities and increase KRW 18 trillion (USD 16 billion) of sales.
• Moreover, Japan has continuously maintained its position as the world's top exporter of robots in terms of the value of shipments and the number of operating units. For instance, Fuji Yusoki Kogyo Co. Ltd, Japan-based development and manufacturing of palletizing robots company, has sold over 16,000 robots all over the world. The company has a market share of 63% in the robotic palletizing industry of Japan and more than 20% market share in the world robotic palletizing industry.
• Amid the COVID-19 pandemic, companies in the country are rushing to deploy automation throughout the nation. Emil Hauch Jensen, VP of sales at Mobile Industrial Robots in Shanghai, stated that the company's autonomous robots that can move pallets and heavy loads across warehouses and factories witnessed increased demand across a wide range of industries. Many large players, such as Ford, Airbus, Flex, Honeywell, and DHL, are also responsible for the increasing demand.

Asia Pacific Warehouse Robotics Industry Segmentation

The warehouse is the most vital part of the supply chain process. They perform product transit that starts from the process of the production facility, acknowledgment, organizing, and also the tagging for delivering product on the required address. Warehouse robotics is the adoption of robotics in the warehouse that performs functions like Storage, Packaging, Trans-shipment, and Other Functions. End Users considered under the scope include Food and Beverage, Automotive, Retail, Electrical and Electronics, Pharmaceutical, and Other End Users. The study also provides the impact of COVID-19 on the market.