Market revenue in 2023 | USD 250.6 million |
Market revenue in 2030 | USD 949.6 million |
Growth rate | 21% (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 30.09% in 2023. Horizon Databook has segmented the South Korea 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.
According to the International Federation of Robotics, South Korea is one of the most automated countries with the highest robot density in the manufacturing sector worldwide. The huge focus on overall robotic automation in the country has driven the growth of the warehouse robotics market.
Moreover, warehouse logistics companies in the country are focusing on deploying advanced robotic solutions to improve operations. For instance, in January 2022, CJ Logistics Corporation, a logistics company in South Korea, deployed 128 autonomous mobile robots to enhance operations at its distribution center in Gunpo, South Korea.
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