South Korea Warehouse Automation Market Size & Outlook
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South Korea warehouse automation market highlights
- The South Korea warehouse automation market generated a revenue of USD 402.4 million in 2023 and is expected to reach USD 1,548.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 22.4% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Warehouse automation market data book summary
| Market revenue in 2023 | USD 402.4 million |
| Market revenue in 2030 | USD 1,548.7 million |
| Growth rate | 22.4% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Hardware, Software |
| Key market players worldwide | Dematic, Daifuku Co Ltd, Swisslog, Honeywell International Inc, Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos, Murata Machinery, KNAPP AG, Kardex Holding AG Registered Shares, Mecalux Espana, BEUMER Group, SSI Schaefer Systems International North America |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global warehouse automation 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 automation market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,013.4 million by 2030.
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Warehouse Automation Market Scope
Warehouse Automation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Murata Machinery | View profile | 501-1000 | Kyoto, Kyoto, Japan, Asia | http://muratec.net/ |
| Dematic | View profile | 1001-5000 | Atlanta, Georgia, United States, North America | http://www.dematic.com/en |
| Mecalux Espana | View profile | 101-250 | Cornellá De Llobregat, Catalonia, Spain, Europe | https://www.mecalux.es |
| KNAPP AG | View profile | 1001-5000 | Radegund Bei Graz, Steiermark, Austria, Europe | https://www.knapp.com |
| BEUMER Group | View profile | 5001-10000 | Beckum, Nordrhein-Westfalen, Germany, Europe | https://www.beumergroup.com |
| Swisslog | View profile | 5001-10000 | Buchs, Inner-Rhoden, Switzerland, Europe | http://swisslog.com |
| SSI Schaefer Systems International North America | View profile | 10001+ | Thane, Maharashtra, India, Asia | http://ssi-schaefer.us |
| Kardex Holding AG Registered Shares | View profile | 2400 | Thurgauerstrasse 40, Zurich, Switzerland, 8050 | https://www.kardex.com |
| Jungheinrich AG Vorz-Inhaber-Akt stimmrechtslos | View profile | 48492 | Friedrich-Ebert-Damm 129, Hamburg, Germany, 22047 | https://www.jungheinrich.com |
| Daifuku Co Ltd | View profile | 13020 | 3-2-11, Mitejima, Nishiyodogawa-ku,, Osaka, Japan, 555-0012 | http://www.daifuku.co.jp |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
South Korea warehouse automation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to warehouse automation market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 66.33% in 2023. Horizon Databook has segmented the South Korea warehouse automation market based on services, hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of warehouse automation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea warehouse automation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea warehouse automation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea warehouse automation market size, by component, 2018-2030 (US$M)
South Korea Warehouse Automation Market Outlook Share, 2023 & 2030 (US$M)
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