The global warehouse robotics market size was worth around USD 6,230 million in 2023 and is predicted to grow to around USD 18,490 million by 2032 with a compound annual growth rate (CAGR) of roughly 12.84% between 2024 and 2032.
Global Warehouse Robotics Market: Overview
Warehouse robots are used for a variety of activities that include sorting, palletizing, replenishment, consolidating, assembling and disassembling, labeling, packaging storing, inspection and many more. Due to applications in a wide variety of field’s warehouse robotics market is gaining popularity.
Warehouse robotics market is to bring robotics into the warehouse to perform different functions like pick-place, packaging, palletizing and transportation. The integration of robotics and warehouse has increased the accuracy and automation along with the expansion of warehouse storage space and operation efficiency. To automate the robots in a more advanced way and for new innovations, companies of developed countries are investing more in research and development activities.
Global Warehouse Robotics Market: Growth Factors
Due to the increase in technology advancement and growth in the warehouse robotics demand to improve the product quality, production and space utilization, there is a positive growth for the global warehouse robotics market. The growth of e-commerce industry, rise in labor cost, growing need for efficient and reliable warehouse operations, active funding from venture capitalists for startup of robotics companies and the increased adoption of small and medium-sized enterprises of warehouse robotics is boosting the growth of the global warehouse robotics market.
The key driving factors of the warehouse robotics market are the rise in a number of stock keeping units, the high adoption rate of multichannel supply chain strategy demand for efficient and effective workload distribution, growing number of players in the retail sector and increase in government expenditure on automation infrastructure development. Due to factors like initial costs and research and development being higher, the threat of job displacement, lack of awareness, and difficulty of some end users to interact with robots are some of the restraining factors of the global warehouse robotics market.
Warehouse Robotics Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Warehouse Robotics Market |
| Market Size in 2023 | USD 6,230 Million |
| USD 18,490 Million | |
| Growth Rate | CAGR of 12.84% |
| Number of Pages | 221 |
| Key Companies Covered | ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., Amazon.com Inc., ATS Automation Tooling Systems Inc., Honeywell International Inc., Omron Corp., Fetch Robotics Inc., IAM Robotics, Magazino GmbH, SSI Schaefer AG, Wynright Corp, and others. |
| Segments Covered | By Type, By Function, By Software, By Payload Capacity, By Industry, and By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Warehouse Robotics Market: Segmentation
The global warehouse robotics market is classified by type, software, by function, by payload capacity, and by industry.
On the basis of type, the warehouse robotics market is segmented into mobile robots, Cartesian robots, articulate robots, parallel robots, cylindrical robots and SCARA robots.
By function, the warehouse robotics market is segmented into pick and place, transportation, palletizing and depalletizing and packaging.
On the basis of software, warehouse management system, warehouse control system and warehouse execution system are the divisions of the warehouse robotics market.
By payload capacity, the segmentation of the warehouse robotics market is as 0.5 kg to 10 kg, 11 kg to 80 kg, 81 kg to 180 kg, 181 kg to 300 kg, 301kg to 900 kg and more than 900 kg. Warehouse robotics market by industry is divided into e-commerce, automotive, electrical and electronics, metal and machinery, chemical, rubber, and plastic, food and beverages, pharmaceuticals and others.
Global Warehouse Robotics Market: Regional Analysis
North America is estimated to be one of the key growth regions of the global warehouse robotics market. The growing e-commerce industry highly developed warehousing infrastructure and the favorable economic conditions are the key factors affecting the growth of the warehouse robotics market. the presence of established and startups robotic companies in the region like Amazon Robotics, Fetch Robotics, Inc., etc are contributing to the growth of the warehouse robotics market. it is estimated that the Asia Pacific region will have a larger share of the warehouse robotics market due to the growth in e-commerce, food and beverage, metal and machinery, and electronic and electrical industries.
Global Warehouse Robotics Market: Competitive players
Some of the major players in the global warehouse robotics market are ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., Amazon.com, Inc., ATS Automation Tooling Systems Inc., Honeywell International Inc., Omron Corp., Fetch Robotics, Inc., IAM Robotics, Magazino GmbH, SSI Schaefer AG, and Wynright Corp.
Global Warehouse Robotics Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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