Report Overview

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

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Logistics Robots Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increase in need for safety among workers in the workplace
         2. Growth and expansion of e-commerce industry
      2. Restraints
         1. High initial investment costs
         2. Complications involved in the technical applications
      3. Opportunities
         1. Increasing emergence of industry 4.0 into logistics and warehousing
         2. Rapid rise in demand from online retailers
      4. Challenges
         1. Lack of trained expertise or skilled professionals
   3. Technological 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. Asia-Pacific Logistics Robots Market Overview
   1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Autonomous Mobile Robots
         2. Robot Arms
         3. Automated Guided Vehicles
         4. Others
      2. By Function
         1. Pick and Place
         2. Palletizing and Depalletizing
         3. Transportation
         4. Packaging
      3. By End User
         1. Healthcare
         2. Warehouse
         3. Hospitality
         4. Others
      4.  By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Australia & New Zealand
         6. Indonesia
         7. Malaysia
         8. Singapore
         9. Vietnam
         10. Rest of APAC
5. China Logistics Robots Market Overview
   1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Function
      3. By End User
6. India Logistics Robots Market Overview
   1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Function
      3. By End User
7. Japan Logistics Robots Market Overview
   1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Function
      3. By End User
8. South Korea Logistics Robots Market Overview
   1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Function
      3. By End User
9. Australia & New Zealand Logistics Robots Market Overview
   1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Function
      3. By End User
10. Indonesia Logistics Robots Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Function
       3. By End User
11. Malaysia Logistics Robots Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Function
       3. By End User
12. Singapore Logistics Robots Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Function
       3. By End User
13. Vietnam Logistics Robots Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Function
       3. By End User
14. Rest of APAC Logistics Robots Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Function
       3. By End User
15. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia-Pacific Logistics Robots Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Covid-19 on Asia-Pacific Logistics Robots Market
17. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. GreyOrange
    2. Locus Robotics
    3. Quicktron (FlashHold)
    4. GEEK+
    5. XYZ Robotics
    6. Hi-tech Robotic Systemz
    7. Seegrid Corporation
    8. Yujin Robot Co., Ltd
    9. ForwardX Robotics
    10. SIASUN
    11. Other Prominent Players
18. Key Strategic Recommendations
19. 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. Assumption & Limitation

*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