China Warehouse Robotics Market Size & Outlook, 2023-2030
China warehouse robotics market, 2018-2030 (US$M)
Related Markets
China warehouse robotics market highlights
- The China warehouse robotics market generated a revenue of USD 750.4 million in 2023 and is expected to reach USD 2,646.9 million by 2030.
- The China market is expected to grow at a CAGR of 19.7% from 2024 to 2030.
- In terms of segment, mobile robots was the largest revenue generating product in 2023.
- Cartesian Robots is the most lucrative product segment registering the fastest growth during the forecast period.
Warehouse robotics market data book summary
| Market revenue in 2023 | USD 750.4 million |
| Market revenue in 2030 | USD 2,646.9 million |
| Growth rate | 19.7% (CAGR from 2023 to 2030) |
| Largest segment | Mobile robots |
| Fastest growing segment | Cartesian Robots |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mobile Robots, Articulated Robots, Cylindrical Robots, Scara Robots, Parallel Robots, Cartesian Robots |
| Key market players worldwide | ABB Ltd, Toyota Industries Corp, Daifuku Co Ltd, KION GROUP AG, Zebra Technologies Corp Class A, Honeywell International Inc, KNAPP AG, OMRON Corp, YASKAWA Electric Corp, Fanuc Corp, KUKA Robotics |
Other key industry trends
- In terms of revenue, China accounted for 15.2% of the global warehouse robotics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China warehouse robotics 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 741.8 million by 2030.
Mobile robots was the largest segment with a revenue share of 30.05% in 2023. Horizon Databook has segmented the China warehouse robotics market based on mobile robots, articulated robots, cylindrical robots, scara robots, parallel robots, cartesian robots covering the revenue growth of each sub-segment from 2018 to 2030.
In the past few years, China has become a manufacturing powerhouse with the largest installations of industrial robots. An upsurge in demand for warehouse robotics across industries, including automotive, food and beverages, and e-commerce, is the major contributor to China’s market growth.
Moreover, according to the International Federation of Robotics (IFR), the declining workforce in the country due to the aging population and rising competition for service jobs is contributing to the country’s move towards robotic automation.
Moreover, the supportive policies, regulations, and strategies of the Chinese government are anticipated to create lucrative growth opportunities for the warehouse robotics market. For instance, in December 2021, the Ministry of Industry and Information Technology (MIIT), China, introduced a fiveyear plan for the robotics industry.
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Warehouse Robotics Market Scope
Warehouse Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China warehouse robotics market size, by product, 2018-2030 (US$M)
China Warehouse Robotics Market Outlook Share, 2023 & 2030 (US$M)
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