South East Asia Warehouse Automation Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Southeast Asia warehouse automation market is expected to register a CAGR of approximately 15.5% throughout the forecast period. Over the projected period, the market in Southeast Asia will be driven by rising production complexity, technological advancement, and the rapid rise of the e-commerce industry. Furthermore, the emergence of several startup firms with strong technological capabilities and financial backups supports the studied market's growth.
Key HighlightsAlso, the growing awareness of the market and the vendors' willingness to expand outside of the region are driving investments in advanced solutions like warehouse automation. This is expected to create a good market situation for the growth of the studied market in Southeast Asia over the next few years.
Singapore is Expected to Hold a Significant Market ShareThe Southeast Asia warehouse automation market is fragmented, with the presence of numerous regional and global players such as ALS Logistic Solutions, Dematic, DF Automation & Robotics Sdn. Bhd., DaifUnited Kingdomu Co., Ltd., and Swisslog Holding AG, among others. These players continuously engage in strategic developments such as product launches, collaborations, partnerships, and mergers to gain market share and expand their business footprint.
In September 2022, Mitsubishi Logisnext Asia Pacific Pte. Ltd. and xSQUARE, a Singapore-based smart warehousing services firm, formed a collaboration to develop automated guided vehicles and expand the distribution of xSQUARE's warehousing systems. The additional AGVs will be constructed on Logisnext forklifts, and xSQUARE's warehousing technology will be distributed across Asia, Oceania, and South Africa via MLAP's distribution network.
In May 2022, Lineage Logistics, a provider of temperature-controlled industrial REITs and logistics solutions, acquired Mandai Link Logistics, signaling the company's entrance into the Singapore market. According to the company, Lineage's long-term business objective has been to expand its reach in Asia through Singapore, a significant trade hub.
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