Revenues from Asia-Pacific warehouse robotics market to top USD 2.47 billion in 2022

The Asia-Pacific warehouse robotics market is projected to reach USD 2.47 billion by the end of 2022, growing at a CAGR of 12.15% during the forecast period 2017-2022.

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With the increase in automotive and food & beverage industry investments, rapid technological advancements, quality of production, and automation, Asia-Pacific is witnessing tremendous growth in the warehouse robotics market. A warehouse is the most crucial part of the entire supply chain process, where the products transiting from the production facility are identified, sorted, and tagged to be stored in a recorded location until they are ordered.

Automation and mechanization have revolutionized the warehouse business, helping companies reduce overhead costs and increase productivity with consistency and accuracy, with artificial intelligence playing a big role in achieving this. The race to adopt this technology has already begun, with intense competition between brick-and-mortar stores and the online stores. The online retailers are making every effort to reduce the time it takes to deliver products to the customers.

The Asia-Pacific economy continues to be relatively resilient when compared to other regions, with impressive growth in the retail sector. The major drivers to boost the warehouse robotics market are the ability to simplify and to reduce the time consumed in the functions while boosting reliability and accuracy, and engaging lesser workforce, thus ensuring the reduction of costs and augmenting productivity. The major restraint in the adoption of this technology is the cost involved, which the vendor companies are working towards to bring down to increase adoption.

The warehouse robotics market can be segmented by type, function, verticals, and geography. Geographically, Asia-Pacific is segmented into China, Japan, India, South Korea, and others. Japan and India are the fastest-growing warehouse robotics markets in the region.

Some of the major players mentioned in this report are:

ABB Robotics
Eaton Corporation Public Ltd.
Kawasaki Robotics Inc.
Kiva Systems
Siemens AG
Toshiba Machine Co. Ltd.
Yamaha Robotics

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What the Report Offers:

Market definition for the Asia-Pacific warehouse robotics market along with identification of key drivers and restraints for the market
Market analysis of the Asia-Pacific warehouse robotics market, with regional-specific assessments
Identification of factors instrumental in changing the market scenario and in offering prospective opportunities
Identification of key companies that can influence the market on both the global and regional scales
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share
Identification and analysis of the macro and micro factors that affect the Asia-Pacific warehouse robotics market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

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