Singapore Warehouse Robotics Market Size & Outlook
Singapore warehouse robotics market, 2018-2030 (US$M)
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Singapore warehouse robotics market highlights
- The Singapore warehouse robotics market generated a revenue of USD 146.2 million in 2023 and is expected to reach USD 582.3 million by 2030.
- The Singapore market is expected to grow at a CAGR of 21.8% 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 146.2 million |
| Market revenue in 2030 | USD 582.3 million |
| Growth rate | 21.8% (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, Singapore accounted for 3.0% 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 30.23% in 2023. Horizon Databook has segmented the Singapore 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.
Singapore is the second most automated country worldwide, after South Korea, with 670 robots per 10,000 human employees, per the 2022 statistics from the International Federation of Robotics (IFR). In addition, the United Nations the country has the second-fastest aging population in the world, which has led to a significant labor shortage. Such factors are major contributors to the country's warehouse robotics market’s growth.
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Warehouse Robotics Market Scope
Warehouse Robotics Market Companies
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Singapore warehouse robotics market size, by product, 2018-2030 (US$M)
Singapore Warehouse Robotics Market Outlook Share, 2023 & 2030 (US$M)
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