India Warehouse Robotics Market Size & Outlook, 2023-2030
India warehouse robotics market, 2018-2030 (US$M)
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India warehouse robotics market highlights
- The India warehouse robotics market generated a revenue of USD 181.7 million in 2023 and is expected to reach USD 741.8 million by 2030.
- The India market is expected to grow at a CAGR of 22.3% 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 181.7 million |
| Market revenue in 2030 | USD 741.8 million |
| Growth rate | 22.3% (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, India accounted for 3.7% 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 29.88% in 2023. Horizon Databook has segmented the India 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.
The flourishing automotive industry, digital transformation trend across the industry verticals, and ecommerce boom in India are the major factors contributing to the growth of the warehouse robotics market.
Businesses operating across food and beverages, automotive, healthcare, and e-commerce are rapidly adopting robotics technologies to gain a competitive edge in the dynamic business environment in India. Robotic technologies are helping businesses meet increased demand for stocking, reduce delivery time, and to streamline and improve overall warehouse operations.
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Warehouse Robotics Market Scope
Warehouse Robotics Market Companies
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India warehouse robotics market size, by product, 2018-2030 (US$M)
India Warehouse Robotics Market Outlook Share, 2023 & 2030 (US$M)
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