South Korea Warehouse Automation Market Growth, Size, Trends, Revenue and Future Outlook
South Korea Warehouse Automation Market Size- By Robot Type, By System, By Payload Capacity- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: IACT23212 | Pages: 1 - 103 | Formats*: |
| Category : Information & Communications Technology | |||
South Korea Warehouse Automation Market Introduction and Overview
According to SPER Market Research, the South Korea Warehouse Automation Market is estimated to reach USD XX billion by 2033 with CAGR of XX%.
The report includes an in-depth analysis of the South Korea Warehouse Automation Market, including market size and trends, product mix, applications, and supplier analysis. Automating the flow of merchandise into, though, and out of warehouses for customers while requiring the least amount of human intervention is known as warehouse automation. A company can get rid of labour-intensive tasks like manual data entry and analysis and repetitive physical labour as part of an automation project.
- June 2019: The "Manufacturing Renaissance Vision" program was unveiled by the Korean government in June 2019 with the goal of reviving and improving the manufacturing sector's innovation drive and, in the long run, realigning industries to more value-added strategies.
- 2022: The Korean government invested $1.9 billion on R&D projects in 2022 in order to encourage small and medium-sized enterprises to progress and enhance automated technology. Therefore, the focus of smart factories is mostly on automated manufacturing settings that make use of Industrial Internet of Things (IIoT) sensors for real-time monitoring and artificial intelligence (AI) optimization.
Market Opportunities and Challenges
The pressing need for automated warehouses to effectively manage growing logistical needs is driven by rising expectations for same-day delivery and an increase in online sales. South Korea looks to automation solutions to solve labor constraints and grow operations due to an aging population and labor scarcity. South Korea uses digitization and ASRS, two cutting-edge warehouse techniques, to expedite stock management and provide precise tracking and forecasting. A growing number of new players are entering the South Korean logistics market at the same time that established businesses are extending their current level of operations. Collaborative mobile robots are transforming the warehousing sector by increasing efficiency and accuracy in picking. Order fulfilment may be completed more quickly and efficiently when mobile robotics and automation tools are combined. This adds value for customers.
Small and medium-sized businesses may find it difficult to enter the warehouse automation market due to the large upfront investment requirements of these systems. Skilled manpower is needed to implement warehouse automation systems, but it can be hard to find in South Korea. It can be difficult to integrate warehouse automation technologies with current systems, particularly for businesses that still use old systems. Warehouse automation systems can have substantial maintenance and repair requirements, which can be a big burden for businesses.
Market Competitive Landscape
The automation warehouse market in South Korea is somewhat dispersed, with both organized and disorganized small businesses. There are other significant rivals that provide customers and retailers with more value. Apart from well-established firms, there exist other Korean start-ups that concentrate on the automation of warehouses. These businesses are creating cutting-edge software for warehouse efficiency, robots, and AI-powered inventory management. Some of major players are Ardent Robot, Autonics, Doosan Group, ETRI, GridOne, Hankook, ITS, KORNIC Automation, SeAH Besteel, SM Core Co Ltd, Geekplus Technology Co., XAVIS, H.I.T Automative aand various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Robot Type, By System, By Payload Capacity |
| Regions covered | Seoul metropolitan area, Chungcheong, Jeolla, Gyeongbuk, and Gyeongnam |
| Companies Covered | Ardent Robot, Autonics, Doosan Group, ETRI, GridOne, Hankook, ITS, KORNIC Automation, SeAH Besteel, XAVIS, H.I.T Automative aand various others |
COVID-19 Impact on South Korea Warehouse Automation Market
The Covid-19 had both negative and positive impact. Automation is being adopted more quickly in a number of areas, including warehousing and logistics, because to the COVID-19 epidemic. Many firms are investing in automation solutions to boost productivity and ensure continuity of operations, as a result of the necessity for social distancing and a decrease in human-to-human contact. The epidemic revealed weak points in international supply systems, which hampered the movement of commodities. Increased demand placed a strain on warehouses and distribution hubs, prompting some companies to investigate automation as a way to strengthen supply chains' resilience and responsiveness. Lockdowns and other social distancing techniques have resulted in a notable increase in e-commerce activity. Order volume at fulfillment centers and warehouses has increased as a result.
Key Target Audience:
- E-commerce Companies
- Third-Party Logistic Providers
- Potential Market Entrants
- Freight Forwarding Companies
- Warehousing Companies
- Cold Storage Companies
- Industry Associations
- Consulting Agencies
- Government Bodies & Regulating Authorities
Our in-depth analysis of the South Korea Warehouse Automation Market includes the following segments:
| By Robot Type: |
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| By System: |
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| By Payload Capacity: |
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Key Topics Covered in the Report:
- South Korea Warehouse Automation Market Size (FY’2023-FY’2033)
- Overview of South Korea Warehouse Automation Market
- Segmentation of South Korea Warehouse Automation Market By Robot Type (Articulated Robots, Cartesian Robots, Cylindrical Robots, Mobile Robots, SCARA Robots)
- Segmentation of South Korea Warehouse Automation Market By System (Packaging, Palletizing & De-palletizing, Pick & Place, Transportation)
- Segmentation of South Korea Warehouse Automation Market By Payload Capacity (0.5 Kg - 10 Kg, 11 Kg - 80 Kg, 81 Kg - 180 Kg, 181 - 300 Kg, 301 - 900 Kg, More Than 900 Kg)
- Statistical Snap of South Korea Warehouse Automation Market
- Expansion Analysis of South Korea Warehouse Automation Market
- Problems and Obstacles in South Korea Warehouse Automation Market
- Competitive Landscape in the South Korea Warehouse Automation Market
- Impact of COVID-19 and Demonetization on South Korea Warehouse Automation Market
- Details on Current Investment in South Korea Warehouse Automation Market
- Competitive Analysis of South Korea Warehouse Automation Market
- Prominent Players in the South Korea Warehouse Automation Market
- SWOT Analysis of South Korea Warehouse Automation Market
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the South Korea Warehouse Automation Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Warehouse Automation Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Warehouse Automation Market
7. South Korea Warehouse Automation Market, By Robot Type (USD Million)
7.1. South Korea Warehouse Automation Market Value Share and Forecast, By Robot Type, 2023-20337.2. Articulated Robots7.3. Cartesian Robots7.4. Cylindrical Robots7.5. Mobile Robots7.6. SCARA Robots
8. South Korea Warehouse Automation Market, By System (USD Million)
8.1. South Korea Warehouse Automation Market Value Share and Forecast, By System, 2023-20338.2. Packaging8.3. Palletizing & De-palletizing8.4. Pick & Place8.5. Transportation
9. South Korea Warehouse Automation Market, By Payload Capacity (USD Million)
9.1. South Korea Warehouse Automation Market Value Share and Forecast, By Payload Capacity, 2023-20339.2. 0.5 Kg - 10 Kg9.3. 11 Kg - 80 Kg9.4. 81 Kg - 180 Kg9.5. 181 - 300 Kg9.6. 301 - 900 Kg9.7. More Than 900 Kg
10. South Korea Warehouse Automation Market Forecast, 2019-2033 (USD Million)
10.1. South Korea Warehouse Automation Market Size and Market Share
11. South Korea Warehouse Automation Market, By Robot Type, 2019-2033 (USD Million)
11.1. South Korea Warehouse Automation Market Size and Market Share By Robot Type (2019-2026)11.2. South Korea Warehouse Automation Market Size and Market Share By Robot Type (2027-2033)
12. South Korea Warehouse Automation Market , By System, 2019-2033 (USD Million)
12.1. South Korea Warehouse Automation Market Size and Market Share By System (2019-2026)12.2. South Korea Warehouse Automation Market Size and Market Share By System (2027-2033)
13. South Korea Warehouse Automation Market , By Payload Capacity, 2019-2033 (USD Million)
13.1. South Korea Warehouse Automation Market Size and Market Share By Payload Capacity (2019-2026)13.2. South Korea Warehouse Automation Market Size and Market Share By Payload Capacity (2027-2033)
14. South Korea Warehouse Automation Market, By Region, 2019-2033 (USD Million)
14.1. South Korea Warehouse Automation Market Size and Market Share By Region (2019-2026)14.2. South Korea Warehouse Automation Market Size and Market Share By Region (2027-2033)14.3. Chungcheong14.4. Gyeongbuk14.5. Gyeongnam14.6. Jeolla14.7. Seoul metropolitan area
15. Company Profile
15.1. Ardent Robot15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Autonics15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Doosan Group15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. ETRI15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. GridOne15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Hankook15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. ITS15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. KORNIC Automation15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9 SeAH Besteel
15.9.1 Company details15.9.2 Financial outlook15.9.3 Product summary15.9.4 Recent developments15.20 Others
16 List of Abbreviations
17 Reference Links
18 Conclusion
19 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
South Korea Warehouse Automation Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
South Korea Warehouse Automation Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
South Korea Warehouse Automation Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link -Click Here
South Korea Warehouse Automation Market size is USD XX billion from 2023 to 2033.
South Korea Warehouse Automation Market Segment is Covered By Robot Type, By System, By Payload Capacity
The Asia-Pacific region is anticipated to have the highest market share in South Korea Warehouse Automation Market.
The key players in the market include Companies Covered Ardent Robot, Autonics, Doosan Group, ETRI, GridOne, Hankook, ITS, KORNIC Automation, SeAH Besteel, XAVIS, H.I.T Automative aand various others
South Korea Warehouse Automation Market, including market size and trends, product mix, applications, and supplier analysis. Automating the flow of merchandise into, though, and out of warehouses for customers while requiring the least amount of human intervention is known as warehouse automation.
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