Vietnam Warehouse Robotics Market Size More Than Doubles at Robust 15.5% CAGR During 2023–2029

Vietnam Warehouse Robotics Market

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam warehouse robotics market size at USD 12.07 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Vietnam warehouse robotics market size to grow at a significant CAGR of 15.45% reaching a value of USD 32.82 million by 2029. Major growth factors of Vietnam warehouse robotics market include rising competitiveness between brick-and-mortar stores and online businesses, a surging demand for speedy delivery, growing precision and reliability, retaining a small workforce, and strong SME adoption of warehouse robotics. Other factors expected to fuel demand for warehouse robotics include cost reduction and increased productivity, technological advancements in robotics and a growing requirement for automated material handling, and an increase in the number of fulfilment center. However, lack of skilled workforce to operate robots is anticipated to restrain the growth of Vietnam Warehouse Robotics market during the period in analysis.

Vietnam Warehouse Robotics Market – Overview

Warehouse robotics employs automation systems, robots, and software program to convey materials, execute various activities, and standardize warehouse procedures. Robots plays an important part in automation technologies and has recently gained traction in the supply chain, distribution center, and warehouse control communities. Picking, floor cleaning, barcode scanning, inventory data, pallet building, pickers, and back-office work are some of the tasks that warehouse robots may perform. Warehouse automation has numerous advantages, including lower labor costs, faster speed, and higher levels of accuracy. The rising market for automation as a result of e-competitiveness commerce’s is one of the major reasons affecting the development of warehouse robots. The key to e-commerce success appears to be supplying the appropriate quality, at the right time, in the right place, and exceeding their consumers’ expectations. Because of the growth of e-commerce and decreased delivery times, companies in the supply chain and logistics business are under pressure to deliver items as quickly as possible. Warehouse robots has drastically reduced the time and effort required to scan and update inventory, pack packages, arrange things on shelves, and do other related tasks. The global market for warehouse robots is rising because of a surge in warehousing robotics collaboration via e-commerce. Warehouse robotics refers to the employing of robots in warehouses to do operations such as pick-and-place, packaging, transportation, packaging, and palletizing. Robotics and warehouse technologies have enhanced storage capacity and operational effectiveness while also ensuring accuracy and automation.

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Impact of COVID-19 on Vietnam Warehouse Robotics Market

COVID-19 pandemic had a significant impact on Vietnam warehouse robotics market. While the pandemic has caused disruption and uncertainty in many industries, it has also accelerated the adoption of automation and robotics technology in warehouses. One of the key impacts of the pandemic has been the need to maintain social distancing and reduce the risk of transmission. This has led to increased interest and investment in warehouse robotics technology, as it offers a way to reduce the need for human labor and minimize contact between workers. Moreover, the pandemic has highlighted the importance of supply chain resilience and agility, which has led to a growing interest in automation and robotics technology to improve supply chain operations. Warehouse robotics technology can help companies to better manage inventory, optimize storage space, and improve order fulfillment times, which are all critical factors for maintaining supply chain resilience. Additionally, the pandemic has accelerated the growth of e-commerce in Vietnam, which has created a greater demand for warehouse automation and robotics technology. E-commerce companies need to process a high volume of orders quickly, accurately, and efficiently, which is where warehouse robotics technology can be especially beneficial.

Vietnam Warehouse Robotics Market – By Payload Capacity

Based on payload capacity, Vietnam warehouse robotics market is divided into Less than 20 Kg, 20–100 Kg, 100–300Kg, More than 300 Kg. The less than 20 kg segment dominates the Vietnam warehouse robotics market due to the growing demand for smaller and more flexible robots that can be used for a variety of tasks in warehouses.

Competitive Landscape

Major players operating in Vietnam warehouse robotics market include ABB, KUKA AG, FANUC CORPORATION, YASKAWA ELECTRIC CORPORATION, KION GROUP AG, Daifuku Co., Ltd., Geekplus Technology Co., Ltd., and Grey Orange Pte. Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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