The ‘Global Warehouse Robotics Market Analysis, Growth, Share, Size, Report and Forecast 2024-2032’ by Expert Market Research gives an extensive outlook of the global warehouse robotics market, assessing the market on the basis of its segments like product types, functions, payload capacities, end users, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Warehouse Robotics Market Price, Trends, Growth, Analysis, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2032)
• Historical Market Size (2023): Around USD 7.5 Billion
• Forecast CAGR (2024-2032): 14.2%
• Forecast Market Size (2032): Nearly USD 16.64 Billion
A major factor driving the global warehouse robotics market is the increased focus on automating various processes in warehouses. Warehouse robotics are also useful for performing monotonous tasks and enhancing the productivity of factory workers. Furthermore, growing concerns regarding the shortage of labour are boosting the adoption of warehouse robotics as they can efficiently perform tasks like inspecting, welding, machine lending, and assembling, among others.
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There is a growing usage of mobile robots as they enhance service quality, boost operational speed, and boast high load capacity. Furthermore, they can be used for storing and packing goods as they are equipped with innovative features like precise control and tracking. They are also gaining traction in the electronics and retail sector owing to the growing consumer base in both developing and developed countries.
The growth of the automotive sector is expected to boost the global warehouse robotics market as these automated machines enhance the precision and speed of automotive warehousing. Rising labour costs also surge the demand for warehouse robotics to perform various operations efficiently in a shorter duration. Furthermore, the increased usage of automated storage and retrieval systems to perform labour-intensive tasks like retrieving and picking loads also fuels the market demand.
Warehouse Robotics Industry Definition and Major Segments
Warehouse robotics refers to automated machines, specialised software, and robots that are designed to carry out various tasks in a warehouse or a factory either as a replacement for human effort or to provide assistance to workers. They mainly perform tasks such as assembling pallets, packing, picking, organising, sorting, storing, and transporting of products.
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On the basis of product type, the market is classified into:
• Industrial Robots
• Sortation Systems
• Automated Storage and Retrieval Systems
• Mobile Robots (AGVs and AMRs)
Based on function, the market is categorised into:
On the basis of payload capacity, the market is segmented into:
• Below 10 kg
• 11 kg to 80 kg
• 81 kg to 400 kg
• 401 kg to 900 kg
• Above 900 kg
Based on end user, the warehouse robotics market is divided into:
• Food and Beverage
• Electrical and Electronics
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Warehouse Robotics Market Trends
A key trend propelling the growth of the global warehouse robotics market is the integration of advanced technologies such as machine learning, blockchain technology, and artificial intelligence in automated machines to improve their efficiency. Moreover, the emergence of IoT is also expected to enhance the functionality of warehouse robotics by providing sensors and interconnected devices to perform repetitive tasks.
Market players are also focused on developing innovative products which are more cost-efficient and provide high operational efficiency. Furthermore, increased investment in the automation of warehouses and factories also favours the market growth.
The growing implementation of warehouse robots with payload capacity below 10 kg also bolsters the market demand. The demand for low payload capacity robots is surging due to the increased volume of small and lightweight packages in food and beverages and retail warehouses.
The Asia Pacific accounts for a sizeable share of the global warehouse robotics market owing to the increased construction of automated warehouses in the region. Moreover, the robust growth of sectors such as food and beverages, retail, and electrical and electronics, among others, also provides lucrative growth opportunities to the market. The presence of key market players in the region further promotes the market growth.
Key Market Players
The major players in the global warehouse robotics market report are:
- ABB Limited
- Honeywell International, Inc
- Toshiba Infrastructure Systems & Solutions Corporation
- Fanuc Corporation
- TGW Logistics Group
- Invia Robotics, Inc
- Omron Corporation
- Daifuku Co., Ltd.
- Yaskawa Electric Corporation
- KUKA AG
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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