The Asia Pacific Warehouse Automation Market size is estimated at USD 12.62 billion in 2024, and is expected to reach USD 28.02 billion by 2029, growing at a CAGR of 17.30% during the forecast period (2024-2029).
The COVID-19 pandemic, which wreaked havoc on major economies such as China, Japan, and India, is predicted to impact future market growth. Significant investments are influencing the rise of roller conveyors in the Asia-Pacific in the e-commerce industry and demand from ever-increasing internet-enabled consumers.
Furthermore, with large investments in the industry, the manufacturing sector is predicted to account for a significant market share and become one of the country's major contributors. The requirement to deliver varied products in short durations has grown, necessitating efficient inventory management and reverse logistics systems.
The APAC warehouse automation market is moderately competitive and fragmented, with many global and regional players holding significant market shares. To maintain their market share, corporations will continue to innovate and form strategic collaborations. ST Engineering, Toshiba Global, Yaskawa Electric Corporation (Yaskawa Motoman), Daifuku Co., Ltd., Grey Orange, Godrej Consoveyo Logistics Automation Ltd. (GCLA), and others are some of the prominent players in this market.
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