What is the global market size of Warehouse Robotics Market?

Warehouse Robotics Market size was valued at USD 3606.35 million in 2021 and is poised to grow from USD 4313.19 million in 2022 to USD 17,292.1 million by 2030, at a CAGR of 19.6% during the forecast period (2023-2030).

Who are the key vendors in the Global Warehouse Robotics Market?

The market's top players concentrate on producing novel collaboration software in order to attract a larger client base and obtain a competitive advantage. For example, Honeywell International Inc. announced the establishment of a new research and development facility in February 2023 to expand its technology, which has aided warehouse and logistics organizations all throughout Europe. The increasing number of such advancements is likely to boost market growth throughout the forecast period. 'KUKA Robotics', 'ABB Robotics', 'Fanuc Robotics', 'Yaskawa Electric Corporation', 'Kawasaki Robotics', 'Universal Robots', 'Rethink Robotics', 'Fetch Robotics', 'Clearpath Robotics', 'GreyOrange', 'Swisslog Holding AG', 'Honeywell Intelligrated', 'Dematic Corporation', 'IAM Robotics', 'Locus Robotics', '6 River Systems', 'Geek+ Robotics', 'Balyo', 'Magazino GmbH', 'SSI Schaefer AG'.

What is the key driver of Global Warehouse Robotics Market?

The rise of e-commerce has led to a surge in demand for warehouse automation, including robotics. As more consumers shop online, warehouses need to process and fulfill orders quickly, efficiently, and accurately.

What is the key market trend for Global Warehouse Robotics Market?

Growth of e-commerce: The rise of e-commerce has led to increased demand for warehouse robotics as companies look to process and fulfill orders quickly and accurately. As consumers increasingly shift to online shopping, warehouses must be able to handle a higher volume of orders and meet tight delivery windows, which is driving the adoption of robotics and automation.

Which region accounted for the largest share in Global Warehouse Robotics Market?

Asia Pacific accounted for the largest revenue share in 2022 and is expected to maintain its dominance during the forecast period. The rising installation of warehouse robots in the region, together with the presence of major vendors such as Fanuc company, Yaskawa Electric Corporation, Singapore Technological Engineering Ltd., TOSHIBA CORP., and many others, has fueled market expansion. Furthermore, the region's continuing growth in the retail, production, and FMCG sectors is likely to generate lucrative growth possibilities for the market.

Warehouse Robotics Market Size, Share, Growth Analysis, By Type(Mobile Robots, Articulated Robots, Automated Guided Vehicles, Autonomous Mobile Robots), By Function(Pick & Place, Palletizing & De-palletizing, Transportation, and Packaging), By Payload Capacity(Less than 20 KG, 20-100 KG, 100-200 KG, Greater than 200 KG), By Component(Safety Systems, Communication Systems, Job Control Systems, Traffic Management Systems), By Software(Warehouse Management System, Warehouse Control System, and Warehouse Execution System), By Service(Software, Automated Labor, Automated Service), By Industry(E-commerce, Automotive, Food & Beverage, Healthcare), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2149 | Region: Global | Published Date: August, 2024
Pages: 343 | Tables: 127 | Figures: 77

Warehouse Robotics Market Dynamics

Warehouse Robotics Market Drivers

Rising Labor Costs

Worldwide, industries are facing shortages of skilled labor, resulting in increased labor costs globally. To counter these increasing labor costs, organizations are moving towards automation through robots thereby favoring warehouse robotics sales as well.

Boom in e-Commerce Industry

The e-commerce space has witnessed a major uproar in recent years, and this has led to high demand for better efficiency in warehouses. A growing need for automation to keep up with the rapidly expanding e-commerce industry is projected to help warehouse robotics market growth in the future.

Restraints

Compatibility Issues

Warehouse robotics are highly advanced systems that can be challenging to integrate with existing warehouses that are based on the traditional approach. The need for additional infrastructure and expertise to integrate robotics in warehouses will slow down market development.

High Costs of Deployment and Maintenance

Deploying and maintaining warehouse robotics is a highly expensive task that requires a substantial amount of capital as well as human resources. These high costs are projected to hinder warehouse robotics demand outlook in the long run.

Warehouse Robotics Market Report Snapshots

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Warehouse Robotics Market size was valued at USD 9.45 billion in 2022 and is projected to grow from USD 10.75 billion in 2023 to USD 44.75 billion by 2031, exhibiting a CAGR of 19.51% during the forecast period. (2024–2031).

Warehouse robotics providers are focusing on developing new products to maximize the efficiency of warehouse operations. Investing in research and development of novel robotic technologies will be a common strategy for established and new companies operating in this market. Integration of warehouse robotics with other novel technologies such as the Internet of Things (IoT) and artificial intelligence will also create new opportunities for market players in the long run. 'ABB Robotics (Switzerland) ', 'Fanuc Robotics (Japan) ', 'Yaskawa Electric Corporation (Japan) ', 'Kawasaki Robotics (Japan) ', 'Hikrobot (China) ', 'Clearpath Robotics (Canada) ', 'GreyOrange (US) ', 'IAM Robotics (US) ', 'Locus Robotics (US) ', 'Geek+ Robotics (China) ', 'Shopify (Canada) ', 'Magazino GmbH (Germany) ', 'SSI Schaefer AG (Germany) ', 'Robot System Products AB (Sweden) ', 'Vecna Robotics (US) ', 'Stäubli Robotics (Switzerland) ', 'InVia Robotics (US) ', 'AUBO Robotics (China) ', 'Mujin (Japan) ', 'Advanced Robotics (Italy) '

Worldwide, industries are facing shortages of skilled labor, resulting in increased labor costs globally. To counter these increasing labor costs, organizations are moving towards automation through robots thereby favoring warehouse robotics sales as well.

Smart Warehouses: Growing establishment of smart warehouses around the world is slated to create new opportunities for zzz companies. Integrating warehouse robotics with smart technologies such as artificial intelligence and Internet of Things (IoT) will open new avenues of business in the long run.

Asia Pacific is expected to emerge as the dominant market for warehouse robotics companies in the world. The presence of key robot manufacturers, growing adoption of automation in warehouses, and rising demand for same-day delivery are some factors that help this region bring in major revenue going forward. China, India, and Japan are estimated to be the most lucrative markets for warehouse robotics companies in this region.

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Warehouse Robotics Market Dynamics

Warehouse Robotics Market Report Snapshots

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What is the global market size of Warehouse Robotics Market?

Who are the key vendors in the Warehouse Robotics Market?

What is the key driver of Warehouse Robotics Market?

What is the key market trend for Warehouse Robotics Market?

Which region accounted for the largest share in Warehouse Robotics Market?

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