Asia Pacific Logistics Robots Market
Asia Pacific Logistics Robots Market, By Type (Autonomous Mobile Robots, Robot Arms, Automated Guided Vehicles); By Function (Pick & Place, Palletizing & Depalletizing, Transportation, Packaging); By End User (Healthcare, Warehouse, Hospitality); By Region (China, India, Japan, South Korea, Australia & New Zealand, Indonesia Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: November 2023
- Report ID: BWC23941
- Available Format: PDF
- Page: 200
Report Overview
Thriving e-commerce industry and an increasing focus on safety among workers in the workplace are projected to propel the expansion of the Asia-Pacific logistics robots market during the forecast period between 2023 and 2029.
Asia Pacific Logistics Robots Market - Industry Trends & Forecast Report, 2029
Asia Pacific logistics robots market size was estimated at USD 4,540.4 million in 2022. During the forecast period between 2023 and 2029, the size of Asia-Pacific logistics robots market is projected to grow at a CAGR of 17.15% reaching a value of USD 13,749.7 million by 2029. Major growth drivers for the Asia-Pacific logistics robots market include an increasing e-commerce sector in various nations and growing warehouse facilities. As these warehouses are increasingly seeking equipment that offers enhanced efficiency and speed, there is a corresponding surge in the expected demand for logistics robots, particularly within the Asia-Pacific (APAC) region. Notably, factors such as the increasing demand for advanced robotic solutions and the persistent labor shortage issue present significant opportunities for the widespread adoption of robots across various industries. These factors are expected to be key drivers of the logistics robot market. Another driving force is the continual expansion of the global e-commerce sector and the growing on-demand economy have spurred the need for advanced autonomous mobile robots, enabling companies to address the challenges posed by labor shortages, particularly in the Asia-Pacific region. The Asia-Pacific region encompasses a multitude of developing countries experiencing substantial growth in their logistics sectors. In addition to China's transformation into a hub for high-skilled robot manufacturing, other nations, such as South Korea, Japan, and India, have become attractive destinations for businesses seeking to relocate their low to medium-skilled manufacturing operations due to lower labor costs. These factors are expected to propel the logistics robot market. Also, the robust economic growth in the region has led to increase per-capita incomes and consumer spending, resulting in a notable uptick in the sales of logistics robots and contributing to the overall expansion of the logistics robot market in Asia Pacific.
Asia-Pacific Logistics Robots Market – Overview
The Asia-Pacific logistics robots market refers to the industry sector in the Asia-Pacific region that involves the development, production, deployment, and utilization of robotic systems and automation technologies designed to enhance and optimize various aspects of logistics and supply chain operations. These robots are employed for tasks, such as material handling, warehouse management, order fulfillment, and transportation within the logistics and distribution processes. The market encompasses the sale and integration of robotic solutions aimed at improving operational efficiency, reducing labor costs, and meeting the growing demands of the logistics and e-commerce industries in the Asia-Pacific region.
Asia-Pacific Logistics Robots Market
Growth Drivers
Growth and Expansion of E-Commerce Industry
The Asia-Pacific logistics robots market experiences significant growth and expansion due to the flourishing e-commerce industry. The robust growth of e-commerce, driven by increasing online shopping and delivery demands, prompts a surge in logistics and distribution activities. To meet the escalating need for efficient order processing and timely deliveries, companies in the Asia-Pacific region increasingly adopt logistics robots. These robots are essential for tasks such as inventory management, order fulfillment, and last-mile delivery, facilitating improved operational efficiency and cost-effectiveness. As a result, the Asia-Pacific logistics robots market is propelled by the ongoing expansion and evolution of the e-commerce sector, offering solutions to meet its complex logistical demands.
Restraints
High Initial Investment Costs
The Asia-Pacific logistics robots market benefits from the high initial investment costs associated with robotics adoption. While the upfront expenses for acquiring and implementing logistics robots may be substantial, these investments prove advantageous in the long term. The cost-effective gains in terms of reduced labor expenses, increased operational efficiency, and improved accuracy in logistics processes make the initial expenditure worthwhile for businesses. Additionally, the drive to remain competitive and meet the growing demands of the e-commerce and logistics sectors compels companies to invest in these robots, further boosting the Asia-Pacific logistics robots market despite the initial financial outlay.
Impact of COVID-19 on Asia-Pacific Logistics Robots Market
COVID-19 pandemic adversely affected the Asia-Pacific logistics robots market. As the crisis disrupted global supply chains and led to labor shortages and increased safety concerns, the demand for automation and logistics robots surged. Businesses in the region sought to enhance their operational resilience, reduce human contact, and maintain consistent supply chain operations. This drove greater adoption of logistics robots for tasks like contactless order fulfillment and material handling. The pandemic accelerated the digitization of the logistics sector, making it more reliant on robotic solutions. Consequently, the Asia-Pacific Logistics Robots Market experienced accelerated growth and transformation in response to the pandemic's challenges.
Asia-Pacific Logistics Robots Market
Segmental Coverage
Asia-Pacific Logistics Robots Market – By Type
Based on type, the Asia-Pacific logistics robots market is divided into Autonomous Mobile Robots, Robot Arms, and Automated Guided Vehicles (AGVs) segments. The automated guided vehicles segment holds the highest share in the Asia-Pacific logistics robots market and is expected to maintain its dominance during the forecast period by type. AGVs offer unparalleled efficiency and precision in material handling, ensuring consistent and error-free performance, making them ideal for the demands of modern logistics. Their adaptability and ability to be reprogrammed make them versatile for various applications, addressing the ever-changing logistics landscape. Additionally, the need to reduce labor costs and mitigate labor shortages in the region further drives AGV adoption. Enhanced safety features and seamless integration with existing systems contribute to AGVs' sustained prominence in the Asia-Pacific logistics robots market.
Asia-Pacific Logistics Robots Market – By Function
Based on function, the Asia-Pacific logistics robots market is divided into Pick & Place, Palletizing & Depalletizing, Transportation, and Packaging segments. The pick & place segment holds the highest share in the Asia-Pacific logistics robots market by function. These robots excel at accurately picking up items and placing them in designated locations, enhancing order fulfillment and reducing manual labor requirements. The rise of e-commerce and the need for efficient, high-speed order processing has driven the demand for pick and place robots. Their versatility allows them to handle a wide range of products and adapt to different warehouse layouts, making them a preferred choice for companies seeking to optimize their logistics operations in the dynamic and rapidly growing Asia-Pacific region.
Asia-Pacific Logistics Robots Market – By End User
On the basis of end user, the Asia-Pacific logistics robots market is divided into Healthcare, Warehouse, and Hospitality segments. The warehouse segments is expected to hold the highest share in the Asia-Pacific logistics robots market by end user during the forecast period. Warehouses are central hubs in the logistics and supply chain process, and the demand for automation in these facilities is consistently increasing. Logistics robots, especially in warehouse settings, offer significant advantages in terms of efficient material handling, order fulfillment, and inventory management. The ongoing growth of e-commerce, coupled with the need for quick and accurate order processing, has prompted greater adoption of logistics robots in warehouses to enhance operational efficiency. Furthermore, the Asia-Pacific region is witnessing a boom in logistics and e-commerce activities, which further fuels the demand for these robots in warehouse operations.
Asia-Pacific Logistics Robots Market – By Country
Regionally, the Asia-Pacific logistics robots market is segmented as China, India, Japan, South Korea, Australia & New Zealand, Indonesia Malaysia, Singapore, Vietnam, and Rest of APAC. China holds the highest share in the Asia-Pacific logistics robots market. It is primarily due to its status as a global manufacturing and e-commerce hub, the rapid growth of its logistics sector, active government support for robotics and automation, strong technology infrastructure, and a substantial market size.
Competitive Landscape
Major players operating in the Asia-Pacific logistics robots market include GreyOrange, Locus Robotics, Quicktron (FlashHold), GEEK+, XYZ Robotics, Hi-tech Robotic Systemz, Seegrid Corporation, Yujin Robot Co., Ltd, ForwardX Robotics, and SIASUN. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
China, India, Japan, South Korea, Australia & New Zealand, Indonesia Malaysia, Singapore, Vietnam, Rest of APAC |
Product/ Service Segmentation |
Type, Function, End User, Region |
Key Players |
GreyOrange, Locus Robotics, Quicktron (FlashHold), GEEK+, XYZ Robotics, Hi-tech Robotic Systemz, Seegrid Corporation, Yujin Robot Co., Ltd, ForwardX Robotics, SIASUN |
By Type
-
Autonomous Mobile Robots
-
Robot Arms
-
Automated Guided Vehicles
By Function
-
Pick & Place
-
Palletizing & Depalletizing
-
Transportation
-
Packaging
By End User
-
Healthcare
-
Warehouse
-
Hospitality
By Country
-
China
-
India
-
Japan
-
South Korea
-
Australia & New Zealand
-
Indonesia
-
Malaysia
-
Singapore
-
Vietnam
-
Rest of APAC
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Asia-Pacific Logistics Robots Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Increase in need for safety among workers in the workplace
- Growth and expansion of e-commerce industry
- Restraints
- High initial investment costs
- Complications involved in the technical applications
- Opportunities
- Increasing emergence of industry 4.0 into logistics and warehousing
- Rapid rise in demand from online retailers
- Challenges
- Lack of trained expertise or skilled professionals
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Asia-Pacific Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Autonomous Mobile Robots
- Robot Arms
- Automated Guided Vehicles
- Others
- By Function
- Pick and Place
- Palletizing and Depalletizing
- Transportation
- Packaging
- By End User
- Healthcare
- Warehouse
- Hospitality
- Others
- By Country
- China
- India
- Japan
- South Korea
- Australia & New Zealand
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Rest of APAC
- By Type
- Market Size & Forecast by Value & Volume, 2019–2029
- China Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Function
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- India Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Function
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- Japan Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Function
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- South Korea Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Function
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- Australia & New Zealand Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Function
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- Indonesia Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Function
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- Malaysia Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Function
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- Singapore Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Function
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- Vietnam Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Function
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- Rest of APAC Logistics Robots Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Type
- By Function
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Asia-Pacific Logistics Robots Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Asia-Pacific Logistics Robots Market
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- GreyOrange
- Locus Robotics
- Quicktron (FlashHold)
- GEEK+
- XYZ Robotics
- Hi-tech Robotic Systemz
- Seegrid Corporation
- Yujin Robot Co., Ltd
- ForwardX Robotics
- SIASUN
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Asia-Pacific Logistics Robots Market Segmentation
Figure 2 Asia-Pacific Logistics Robots Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Asia-Pacific Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 5 Asia-Pacific Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 6 Asia-Pacific Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 7 Asia-Pacific Logistics Robots Market Share, By End User, By Value, 2019–2029
Figure 8 Asia-Pacific Logistics Robots Market Share, By Country, By Value, 2019–2029
Figure 9 China Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 10 China Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 11 China Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 12 China Logistics Robots Market Share, By End User, By Value, 2019–2029
Figure 13 India Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 14 India Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 15 India Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 16 India Logistics Robots Market Share, By End User, By Value, 2019–2029
Figure 17 Japan Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 18 Japan Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 19 Japan Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 20 Japan Logistics Robots Market Share, By End User, By Value, 2019–2029
Figure 21 South Korea Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 22 South Korea Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 23 South Korea Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 24 South Korea Logistics Robots Market Share, By End User, By Value, 2019–2029
Figure 25 Australia & New Zealand Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 26 Australia & New Zealand Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 27 Australia & New Zealand Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 28 Australia & New Zealand Logistics Robots Market Share, By End User, By Value, 2019–2029
Figure 29 Indonesia Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 30 Indonesia Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 31 Indonesia Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 32 Indonesia Logistics Robots Market Share, By End User, By Value, 2019–2029
Figure 33 Malaysia Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 34 Malaysia Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 35 Malaysia Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 36 Malaysia Logistics Robots Market Share, By End User, By Value, 2019–2029
Figure 37 Singapore Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 38 Singapore Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 39 Singapore Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 40 Singapore Logistics Robots Market Share, By End User, By Value, 2019–2029
Figure 41 Vietnam Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 42 Vietnam Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 43 Vietnam Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 44 Vietnam Logistics Robots Market Share, By End User, By Value, 2019–2029
Figure 45 Rest of APAC Logistics Robots Market Size, By Value (USD Million), 2019–2029
Figure 46 Rest of APAC Logistics Robots Market Share, By Type, By Value, 2019–2029
Figure 47 Rest of APAC Logistics Robots Market Share, By Function, By Value, 2019–2029
Figure 48 Rest of APAC Logistics Robots Market Share, By End User, By Value, 2019–2029
List of Tables
Table 1 Asia-Pacific Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 2 Asia-Pacific Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 3 Asia-Pacific Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 4 Asia-Pacific Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 5 Asia-Pacific Logistics Robots Market Size, By Country, By Value, 2019–2029
Table 6 China Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 7 China Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 8 China Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 9 China Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 10 India Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 11 India Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 12 India Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 13 India Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 14 Japan Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 15 Japan Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 16 Japan Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 17 Japan Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 18 South Korea Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 19 South Korea Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 20 South Korea Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 21 South Korea Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 22 Australia & New Zealand Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 23 Australia & New Zealand Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 24 Australia & New Zealand Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 25 Australia & New Zealand Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 26 Indonesia Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 27 Indonesia Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 28 Indonesia Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 29 Indonesia Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 30 Malaysia Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 31 Malaysia Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 32 Malaysia Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 33 Malaysia Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 34 Singapore Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 35 Singapore Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 36 Singapore Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 37 Singapore Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 38 Vietnam Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 39 Vietnam Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 40 Vietnam Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 41 Vietnam Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 42 Rest of APAC Logistics Robots Market Size, By Value (USD Million), 2019–2029
Table 43 Rest of APAC Logistics Robots Market Size, By Type, By Value, 2019–2029
Table 44 Rest of APAC Logistics Robots Market Size, By Function, By Value, 2019–2029
Table 45 Rest of APAC Logistics Robots Market Size, By End User, By Value, 2019–2029
Table 46 GreyOrange Company Overview
Table 47 GreyOrange Financial Overview
Table 48 Locus Robotics Company Overview
Table 49 Locus Robotics Financial Overview
Table 50 Quicktron (FlashHold) Company Overview
Table 51 Quicktron (FlashHold) Financial Overview
Table 52 GEEK+ Company Overview
Table 53 GEEK+ Financial Overview
Table 54 XYZ Robotics Company Overview
Table 55 XYZ Robotics Financial Overview
Table 56 Hi-tech Robotic Systemz Company Overview
Table 57 Hi-tech Robotic Systemz Financial Overview
Table 58 Seegrid Corporation Company Overview
Table 59 Seegrid Corporation Financial Overview
Table 60 Yujin Robot Co., Ltd Company Overview
Table 61 Yujin Robot Co., Ltd Financial Overview
Table 62 ForwardX Robotics Company Overview
Table 63 ForwardX Robotics Financial Overview
Table 64 SIASUN Company Overview
Table 65 SIASUN Financial Overview
Market Segmentation
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