Report Overview

Vietnam Warehouse Robotics Market - Industry Trends & Forecast Report, 2029

Vietnam warehouse robotics market size was estimated at USD 12.07 million in 2022. During the forecast period between 2023 and 2029, the size of Vietnam warehouse robotics market is projected to grow at a CAGR of 15.45% reaching a value of USD 32.82 million by 2029. Major growth drivers for Vietnam warehouse robotics market include increasing rivalry between brick-and-mortar stores and online stores, surging demand for quick delivery, increasing accuracy and reliability, retaining a small workforce, and high SME adoption of warehouse robotics. Also, cost reduction and improving productivity, technological improvement in robotics and rising need for automated material handling, and an increase in the number of fulfilment centers are some of the other reasons projected to drive demand for warehouse robotics during the forecast period.

Vietnam Warehouse Robotics Market – Overview

Warehouse robotics employs automation systems, robots, and software program to convey materials, execute various activities, and standardize warehouse procedures. Robotics plays an important part in automation technologies and has recently gained traction in the supply chain, distribution center, and warehouse control communities. Picking, floor cleaning, barcode scanning, inventory data, pallet building, pickers, and back-office work are some of the tasks that warehouse robots may perform. Warehouse automation has numerous advantages, including lower labor costs, faster speed, and higher levels of accuracy. The rising market for automation as a result of e-competitiveness commerce's is one of the major reasons affecting the development of warehouse robots. The key to e-commerce success appears to be supplying the appropriate quality, at the right time, in the right place, and exceeding their consumers' expectations. Because of the growth of e-commerce and decreased delivery times, companies in the supply chain and logistics business are under pressure to deliver items as quickly as possible. Warehouse robots has drastically reduced the time and effort required to scan and update inventory, pack packages, arrange things on shelves, and do other related tasks. The global market for warehouse robots is rising because of a surge in warehousing robotics collaboration via e-commerce. Warehouse robotics refers to the employing of robots in warehouses to do operations such as pick-and-place, packaging, transportation, packaging, and palletizing. Robotics and warehouse technologies have enhanced storage capacity and operational effectiveness while also ensuring accuracy and automation.

Vietnam Warehouse Robotics Market

Growth Drivers

Thriving E-commerce Industry

The expansion and growth of the e-commerce industry has created an ideal potential for the warehouse robotics market to surge during the forecast period. Increasing economic digitalization has directly influenced access to e-commerce channels, indirectly and favorably benefiting the warehouse robotic sector. Providing the right quantity, at the right time, to the right customer has resulted in increased investment in the development of logistics and supply chain infrastructure, creating potential for the warehouse robotics market to grow.

Restraints

High Deployment Cost

The high expenses involved with initial investment and deployment will stymie market expansion. Small and medium-sized businesses' low income makes it difficult for them to obtain easy access to technologically advanced warehouse robots. Fluctuations in raw material prices, along with high maintenance expenses, will also stymie market expansion.

Impact of COVID-19 on Vietnam Warehouse Robotics Market

COVID-19 had a significant impact on Vietnam warehouse robotics market. While the pandemic has caused disruption and uncertainty in many industries, it also accelerated the adoption of automation and robotics technology in warehouses. One of the key impacts of the pandemic has been the need to maintain social distancing and reduce the risk of transmission. It led to increased interest and investment in warehouse robotics technology, as it offered a way to reduce the need for human labor and minimize contact between workers. Moreover, the pandemic highlighted the importance of supply chain resilience and agility, which led to a growing interest in automation and robotics technology to improve supply chain operations. Warehouse robotics technology can help companies to better manage inventory, optimize storage space, and improve order fulfillment times, which are all critical factors for maintaining supply chain resilience. Additionally, the pandemic accelerated the growth of e-commerce in Vietnam, which created a greater demand for warehouse automation and robotics technology. E-commerce companies need to process a high volume of orders quickly, accurately, and efficiently, which is where warehouse robotics technology can be especially beneficial.

Segmental Coverage

Vietnam Warehouse Robotics Market – By Product

By product, Vietnam warehouse robotics market is segmented into Autonomous Mobile Robot (AMR), Articulated Robots, Cylindrical Robots, SCARA Robots, Collaborative Robots, Parallel Robots, and Cartesian Robots. The autonomous mobile robot (AMR) segment dominated the Vietnam warehouse robotics market, due to increased automation and the use of mobile robots for tasks, such as picking and placing goods, and transporting them around the warehouse. The cartesian robots’ segment is expected to hold the highest market share during forecast period due to these robots' ability to efficiently conduct warehouse activities, such as material handling, picking and placing, and loading and unloading, among others.

Vietnam Warehouse Robotics Market – By Payload Capacity

Based on payload capacity, Vietnam warehouse robotics market is divided into Less than 20 Kg, 20–100 Kg, 100–300 Kg, and Greater than 300Kg segments. The less than 20 kg segment dominates the Vietnam warehouse robotics market due to a growing demand for smaller and more flexible robots that can be used for a variety of tasks in warehouses.

Vietnam Warehouse Robotics Market – By System

Based on system, Vietnam warehouse robotics market is segmented into Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System, and Swiss log Carry pick.

Vietnam Warehouse Robotics Market – By Component

Based on component, Vietnam warehouse robotics market is segmented into Programmable Logic Controller, Microprocessors & Microcontrollers, Actuators, and Sensors & RF Module.

Vietnam Warehouse Robotics Market – By Function

Based on function, Vietnam warehouse robotics market is divided into Pick & Place, Assembling & Dissembling, and Transportation, and Sorting & Packaging segments. The transportation, sorting & packaging segment holds the highest market share due to the growing demand for automation in the logistics and warehousing industries, as well as the possibility of robotics solutions to improve efficiency and decrease errors in transportation, sorting, and packaging processes.

Vietnam Warehouse Robotics Market – By Industry

Based on industry, Vietnam warehouse robotics market is segmented into E-Commerce, Automotive, Electrical & Electronics, Metal & Machinery, Chemical, Rubber & Plastics, Food & Beverages, and Pharmaceuticals. The e-commerce segment is expected to dominate the market due to an increase in the number of online shopping clients and their increasing needs for order delivery in an undamaged and precise form, as well as growing competition in the e-commerce business. Food & beverages and automotive categories are also expected to rise significantly throughout the forecast period, owing to increased expenditures in robotic systems to automate their distribution facilities for improved efficiency and safety.

Competitive Landscape

Major players operating in Vietnam warehouse robotics market include ABB, KUKA AG, FANUC CORPORATION, YASKAWA ELECTRIC CORPORATION., KION GROUP AG, Daifuku Co., Ltd., Geekplus Technology Co., Ltd., and Grey Orange Pte. Ltd. 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

By Product

• Autonomous Mobile Robot (AMR)

• Articulated Robots

• Cylindrical Robots

• SCARA Robots

• Collaborative Robots

• Parallel Robots

• Cartesian Robots

By Payload Capacity

• less than 20 Kg

• 20–100 Kg

• 100–300 Kg

• greater than 300 Kg

By System

• Knapp Open Shuttle

• Locus Robotics System

• Fetch Robotics Freight

• Scallog System

• Swisslog Carrypick

By Component

• Programmable Logic Controller

• Microprocessors & Microcontrollers

• Actuators

• Sensors & RF Module

By Function

• Pick & Place

• Assembling & Dissembling

• Transportation, Sorting & Packaging

By Industry

• E-Commerce

• Automotive

• Electrical & Electronics

• Metal and Machinery

• Chemical

• Rubber & Plastics

• Food & Beverages

• Pharmaceuticals

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Warehouse Robotics Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increase in Funding from venture Capitalists
         2. Rising Rate of Production
      2. Restraints
         1. Lack of Skilled Workforce to Operate Robots
      3. Opportunities
         1. Increase of Autonomous Mobile Robots
      4. Challenges
         1. Lack of Awareness
   3. Technology Advancements / Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Vietnam Warehouse Robotics Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
         1. Autonomous Mobile Robot (AMR)
         2. Articulated Robots
         3. Cylindrical Robots
         4. SCARA Robots
         5. Collaborative Robots
         6. Parallel Robots
         7. Cartesian Robots
         8. Others
      2. By Payload Capacity
         1. Less than 20 Kg
         2. 20–100 Kg
         3. 100–300 Kg
         4. Greater than 300 Kg
      3. By System
         1. Knapp Open Shuttle
         2. Locus Robotics System
         3. Fetch Robotics Freight
         4. Scallog System
         5. Swisslog Carrypick
      4. By Component
         1. Programmable Logic Controller
         2. Microprocessors & Microcontrollers
         3. Actuators
         4. Sensors and RF Module
      5. By Function
         1. Pick & Place
         2. Assembling & Dissembling
         3. Transportation, Sorting & Packaging
         4. Others
      6. By Industry
         1. E-Commerce
         2. Automotive
         3. Electrical & Electronics
         4. Metal & Machinery
         5. Chemical
         6. Rubber & Plastics
         7. Food & Beverages
         8. Pharmaceuticals
         9. Others
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Vietnam Warehouse Robotics Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Vietnam Warehouse Robotics Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. ABB
   2. KUKA AG
   3. FANUC CORPORATION
   4. YASKAWA ELECTRIC CORPORATION.
   5. KION GROUP AG
   6. Daifuku Co., Ltd.
   7. Geekplus Technology Co., Ltd.
   8. Grey Orange Pte. Ltd.
   9.  Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1.  Qualitative Research
      1.  Primary & Secondary Research
   2.  Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4.  Breakdown of Primary Research Respondents, By Region
   5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.   

List of Figures

Figure 1       Vietnam Warehouse Robotics Segmentation 

Figure 2       Vietnam Warehouse Robotics Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Vietnam Warehouse Robotics Market Size, By Value (USD Million), 2019–2029         

Figure 5       Vietnam Warehouse Robotics Market Share, By Product, By Value, 2019–2029         

Figure 6       Vietnam Warehouse Robotics Market Share, By Payload Capacity, By Value, 2019–2029 

Figure 7       Vietnam Warehouse Robotics Market Share, By System, By Value, 2019–2029         

Figure 8       Vietnam Warehouse Robotics Market Share, By Component, By Value, 2019–2029         

Figure 9       Vietnam Warehouse Robotics Market Share, By Function, By Value, 2019–2029         

Figure 10     Vietnam Warehouse Robotics Market Share, By Industry, By Value, 2019–2029         

List Of Tables     

Table 1        Vietnam Warehouse Robotics Market Size, By Value (USD Million), 2019–2029

Table 2        Vietnam Warehouse Robotics Market Size, By Product, By Value, 2019–2029

Table 3        Vietnam Warehouse Robotics Market Size, By Payload Capacity, By Value, 2019–2029

Table 4        Vietnam Warehouse Robotics Market Size, By System, By Value, 2019–2029

Table 5        Vietnam Warehouse Robotics Market Size, By Component, By Value, 2019–2029         

Table 6        Vietnam Warehouse Robotics Market Size, By Function, By Value, 2019–2029

Table 7        Vietnam Warehouse Robotics Market Size, By Industry, By Value, 2019–2029

Table 8        ABB Company Overview

Table 9        ABB Financial Overview

Table 10      KUKA AG Company Overview

Table 11      KUKA AG Financial Overview

Table 12      FANUC CORPORATION Company Overview

Table 13      FANUC CORPORATION Financial Overview

Table 14      YASKAWA ELECTRIC CORPORATION. Company Overview

Table 15      YASKAWA ELECTRIC CORPORATION. Financial Overview

Table 16      KION GROUP AG Company Overview

Table 17      KION GROUP AG Financial Overview

Table 18      Daifuku Co., Ltd. Company Overview

Table 19      Daifuku Co., Ltd. Financial Overview

Table 20      Geekplus Technology Co., Ltd. Company Overview

Table 21      Geekplus Technology Co., Ltd. Financial Overview

Table 22      Grey Orange Pte. Ltd. Company Overview

Table 23      Grey Orange Pte. Ltd. Financial Overview