Market revenue in 2023 | USD 294.8 million |
Market revenue in 2030 | USD 1,064.5 million |
Growth rate | 20.1% (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 |
Mobile robots was the largest segment with a revenue share of 29.99% in 2023. Horizon Databook has segmented the Japan 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.
Japan is a leader in warehouse robots and factory automation systems production. In addition, the country is home to leading warehouse robotics companies, including Fanuc, Mitsubishi Electric, Yaskawa Electric, and Omron Corp. The significance of the aforementioned market players in the overall robotics industry is contributing to the growth of the warehouse robotics market.
On the other hand, according to the World Economic Forum’s (WEF’s) 2019 Global Competitiveness Index, the country ranked 6th out of 141 global countries for business competitiveness, earning a significant score for both innovation capability and technological savviness. The country's focus on technology and innovation is further expected to boost the warehouse robotics market in the future.
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