The Asia-Pacific Warehouse Robotics Market is projected to reach USD 2.47 billion by the end of 2022 , growing at a CAGR of 12.15 % during the forecast period 2017-2022 . With the increase in automotive and food & beverage industry investments , rapid technological advancements , quality of production , and automation , Asia-Pacific is witnessing tremendous growth in the warehouse robotics market . A warehouse is the most crucial part of the entire supply chain process , where the products transiting from the production facility are identified , sorted , and tagged to be stored in a recorded location until they are ordered .
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Automation and mechanization have revolutionized the warehouse business , helping companies reduce overhead costs and increase productivity with consistency and accuracy , with artificial intelligence playing a big role in achieving this . The race to adopt this technology has already begun , with intense competition between brick-and-mortar stores and the online stores . The online retailers are making every effort to reduce the time it takes to deliver products to the customers .
The Asia-Pacific economy continues to be relatively resilient when compared to other regions , with impressive growth in the retail sector . The major drivers to boost the warehouse robotics market are the ability to simplify and to reduce the time consumed in the functions while boosting reliability and accuracy , and engaging lesser workforce , thus ensuring the reduction of costs and augmenting productivity . The major restraint in the adoption of this technology is the cost involved , which the vendor companies are working towards to bring down to increase adoption .
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The warehouse robotics market can be segmented by type , function , verticals , and geography . Geographically , Asia-Pacific is segmented into China , Japan , India , South Korea , and others . Japan and India are the fastest-growing warehouse robotics markets in the region .
Some of the major players mentioned in this report are : 1 . ABB Robotics 2 . Eaton Corporation Public Ltd . 3 . Kawasaki Robotics Inc .
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