South Korea Logistics Automation Market Size & Outlook
South Korea logistics automation market, 2018-2030 (US$M)
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South Korea logistics automation market highlights
- The South Korea logistics automation market generated a revenue of USD 1,136.6 million in 2023 and is expected to reach USD 3,031.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Logistics automation market data book summary
| Market revenue in 2023 | USD 1,136.6 million |
| Market revenue in 2030 | USD 3,031.9 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | KION GROUP AG, Daifuku Co Ltd, Honeywell International Inc, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Murata Manufacturing Co Ltd, Kardex Holding AG Registered Shares, Toyota Industries Corp, Oracle Corp, SAP SE, Kuka Automatisering Robots, KNAPP AG, TGW Logistics Group, Mecalux Espana, BEUMER Group, SSI SCHAEFER, Witron, One Network Enterprises |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.3% of the global logistics automation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China logistics automation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,080.5 million by 2030.
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Logistics Automation Market Scope
Logistics Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea logistics automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to logistics automation market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 67.35% in 2023. Horizon Databook has segmented the South Korea logistics automation market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea is one of the technologically advanced countries in Asia Pacific and is a hub for robotics. According to the International Federation of Robotics (IFR), South Korea was the most robotic country in the world.
South Korea reportedly has 631 robots per 10,000 employees, which is eight times above the global average. In addition, the country has one of the fastest internet connections in the world, and the internet penetration rate accounts for 95%. Given this, the country is well-placed for Industry 4.0.
For instance, in November 2022, Coupang Inc., a South Korean e-commerce giant, announced its plans to invest in logistics automation. The company has pledged to invest in process optimization and automation technology powered by artificial intelligence, machine learning, and robotics.
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Target buyers of South Korea logistics automation market databook
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Our clientele includes a mix of logistics automation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea logistics automation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea logistics automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea logistics automation market size, by component, 2018-2030 (US$M)
South Korea Logistics Automation Market Outlook Share, 2023 & 2030 (US$M)
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