The Asia-Pacific warehouse robotics market is evaluated to grow with a CAGR of 14.90% across the forecasting period of 2021 to 2028. The market growth of the region is reinforced by the developing manufacturing sector, the growing population base, technical innovations, and the surging number of warehouses.
The Asia-Pacific warehouse robotics market growth assessment includes the study of Indonesia, Japan, South Korea, Vietnam, India, Thailand, Australia & New Zealand, China, and the rest of the Asia-Pacific. South Korea is one of the most important markets for warehouse robotics across the world. Moreover, the country has doubled its number of industrial robots over recent years and reached a new record of 300,000 industrial robots in operation. As per the estimations put forth by the International Federation of Robotics, the country has over 600 industrial robots installed for every 10,000 employees, throughout the production sector. Consequently, as a result of the elevated volume of robot installations, the warehouse robotics market in South Korea observes a high degree of penetration.
Conversely, the manufacturing sector constitutes the main industry in Thailand, producing a diverse range of goods. These include plastics, textiles and garments, electronics, footwear, computers and components, integrated circuits, cement, and automobiles and parts. Furthermore, the country’s robotics imports are anticipated to increase substantially over the upcoming years, as factories acknowledge that their potential relies on high technology, in addition to the immense pressure arising due to increased labor costs. Hence, these factors are set to play an important role in supplementing the market growth in the Asia-Pacific over the forecast years.
Key companies operating in the market are Omron Corp, Yaskawa Electric Corporation, FANUC Corp, etc.
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- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments