The Asia Pacific Warehouse Automation Market would witness market growth of 18.9% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Warehouse Automation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,420.4 million by 2031. The Japan market is registering a CAGR of 18.1% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 19.6% during (2024 - 2031).
Warehouse automation encompasses various technologies and solutions to streamline and enhance warehouse operations. Automation systems can dynamically track inventory levels and automatically reorder stock based on real-time data.
Additionally, this reduces the risk of stockouts and overstocking and ensures optimal inventory levels are maintained. Automated systems provide real-time visibility into inventory status, location, and movement. This enhances the capacity to adapt to fluctuations in demand promptly and improves stock monitoring accuracy.
Domestic manufacturing, including electronics, is encouraged by the "Make in India" initiative. This initiative bolsters India's objective of becoming a global electronics manufacturing center by increasing the demand for automated warehouses to manage increased production volumes efficiently. India’s electronics production is projected to become $300 Bn by FY26. India’s domestic production has increased at a rate of 13% from $49 Bn in FY17 to $101 Bn in FY23. During Jun 2024, electronic goods exports were recorded at $2.82 Bn compared to $2.42 Bn during Jun 2023, registering a growth of 16.91%. The Indian electronics industry is adopting smart manufacturing practices, including IoT and AI. Automated warehouses integrate seamlessly with these smart systems, providing real-time data and analytics for better inventory and production management.
Free Valuable Insights: The Global Warehouse Automation Market is Predict to reach USD 66.6 Billion by 2031, at a CAGR of 18%
Based on Component, the market is segmented into Hardware (Autonomous Robots (AGV, AMR), Automated Sorting Systems, Automated Storage & Retrieval Systems (AS/RS), De-palletizing/Palletizing Systems, Conveyor Systems, and Automatic Identification & Data Collection (AIDC)), Software (Warehouse Management System (WMS), Warehouse Execution Systems (WES), and Labor Management Systems (LMS)), and Services (Installation & Integration, Consulting, Training & Education, Maintenance & Support, and Analytics & Reporting Tools). Based on Level, the market is segmented into Intermediate Automation, Basic Automation, Advanced Automation, and Autonomous Warehouses. Based on Application, the market is segmented into Retail & E-commerce, Automotive, Aerospace & Defense, Healthcare, Electronics & Semiconductors, and Other Applications. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Component
By Level
By Application
By Country
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