USD 4.31 Billion
Global Warehouse Robotics Market Size, Share, Growth Analysis, By Product(Mobile Robots, Articulated Robots), By Function(Pick & Place, Palletizing & De-palletizing), By Payload Capacity(Below 10 kg, 11 kg to 80 kg), By Component(Hardware, and Software), By Software(Warehouse Management System, Warehouse Control System), By Application(E-commerce, Automotive) - Industry Forecast 2024-2031
Report ID:
SQMIG20I2149 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
179 |
Figures:
79
Global Warehouse Robotics Market Insights
Global Warehouse Robotics Market size was valued at USD 4.31 Billion in 2022 and is poised to grow from USD 5.15 Billion in 2023 to USD 21.58 Billion by 2031, at a CAGR of 19.6 % during the forecast period (2023–2031).
Factors promoting growth of the global warehouse robotics market include the rise in e-commerce and retail industries, and shortages of workers. This, coupled with the growing desire to increase warehouse throughput are also driving market expansion. Warehouse robotics improves facility safety by taking over risky operations that endanger workers. The rising e-commerce business, thanks to the abundance of websites and options, leads to technological advancements. Virtual reality (VR), augmented reality (AR), blockchain-based technology, machine learning (ML), and artificially intelligent (AI) are all assisting marketers in improving the buying experience.
In addition to the foregoing, warehouse robotics industry participants are continually looking for innovative ways to minimize operational costs, delivery time, and worker risks. By automating warehouses in the e-commerce business, robots provide cost-effective and intelligent alternatives to human labor. As a result, the increasing e-commerce sector is expected to boost market growth.
Robots are used to automate a variety of operations in the packing and shipping industry, including loading, delivery, and unloading. To lessen their reliance on labor, warehouse industry companies are turning to automated solutions. Furthermore, robots are less prone to errors and save time and effort during repetitive operations that workers find monotonous. They help staff achieve heavy and dangerous tasks through providing strength, efficiency, and experience to keep employees safe while increasing production.
Market companies are working to enhance warehouse operations while lowering expenses. Delivery faults, picking errors, and transportation damage waste a lot of time and money by raising operational expenses and lowering profitability. Furthermore, businesses choose warehouse automation to reduce process complexity and eliminate performance bottlenecks. Warehouse robotics has assisted businesses in meeting the quality standards of each order, regulating protocols and procedures based on essential criteria for diverse warehouse operations, and improving business operational productivity.
US Warehouse Robotics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Transportation
Fastest Growth
Pick & Place
Growth Rate
19.6% CAGR
Global Warehouse Robotics Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
Global Warehouse Robotics Market By Function, 2022-2030 ($ Bn)
Global Warehouse Robotics Market By Function, 2022-2030 (%)
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Global Warehouse Robotics Market Segmental Analysis
The global warehouse robotics market is segmented based on product, function, payload capacity, component, software, application, and region. In terms of product the market is segmented into mobile robots, articulated robots, cylindrical robots, scara robots, parallel robots, and cartesian robots. Based on function, the market is grouped into pick & place, palletizing & de-palletizing, transportation, and packaging. With respect to classification by payload capacity, the market is classified into below 10 kg, 11 kg to 80 kg, 81 kg to 400 kg, 401 kg to 900 kg, and above 900 kg. Componentwise, the market is bifurcated into hardware, and software. The software segment of the market is further segmented into warehouse management system, warehouse control system, and warehouse execution system. By application, the market is divided into e-commerce, automotive, consumer electronics, food & beverage, healthcare, and others. Geographically, the global warehouse robotics market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Warehouse Robotics Market Analysis by Product
The cartesian robotics product market is expected to develop at a CAGR of more than 20% between 2023 and 2030. The segment's growth is being driven by rising demand for robotics in the wrapping, automotive, and pharmaceutical industries. Cartesian robots are often utilized in such industries because of their precision, precision, and ability to handle heavy loads. Furthermore, due to the requirement for better productivity, effectiveness, and flexibility in warehouse operations, demand for robotic material handling in the manufacturing industry is expected to fuel continued expansion of cartesian robots over the forecast period.
In 2022, mobile robots held the largest market share. Continuous technology breakthroughs in the worldwide warehouse and logistics business, including computer vision, machine learning, and artificial intelligence, are helping to produce better mobile robots.
Warehouse Robotics Market Analysis by Function
The transport function is expected to grow at a faster CAGR of more than 20% between 2023 and 2030. The ongoing expansion of the retail and e-commerce sectors, together with the growing need for automated robotics for increased efficiency and lower costs in logistics, has fueled growth in the transportation market. Furthermore, adopting transport robots helps companies overcome labor scarcity worries by automating a number of operations. KNAPP AG, for example, cooperated with eMAG.ro, MALL.CZ, HPTRONICS, and Alza.cz in November 2022. This collaboration has assisted enterprises in improving their logistics and operations, allowing them to maintain a solid position as a key technology provider for e-commerce logistics in Central and South Eastern Europe.
In the function segment, the pick and place held the largest market share in 2022 and emerged dominant. This expansion can be ascribed to continual technological developments in robotics, which make them more effective, accurate, and flexible for pick-and-place tasks.
Global Warehouse Robotics Market By Function, 2022 (%), 2023 (%)
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Global Warehouse Robotics Market Regional Insights
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.
Latin America is expected to register the fastest growing CAGR between 2023 and 2030. The region offers tremendous growth possibilities due to significant expansion in the e-commerce business. The top corporations focus on entering new markets in order to add value to the market. For example, in July 2022, Geek+, an autonomous mobile robot (AMR) technology firm, established a partnership with Körber Supply Chain to expand throughout Latin America. Rising R&D investments are projected to provide the industry with appealing growth potential.
Global Warehouse Robotics Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Warehouse Robotics Market Dynamics
Warehouse Robotics Market Drivers
Increase in E-commerce
- 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.
Warehouse Robotics Market Restraints
High Initial Investment
- Implementing robotics in a warehouse can be costly, requiring significant capital investment. This can make it difficult for some companies to justify the expense, especially if they have a small warehouse or low order volumes.
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Global Warehouse Robotics Market Competitive Landscape
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.
Warehouse Robotics Market Top Player’s Company Profiles
- 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
Warehouse Robotics Market Recent Developments
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In May 2023, KUKA (Germany) launched the KR CYBERTECH their series Edition robot makes the perfect choice for cost-effective automation of handling and basic machining tasks. The multi-talented KR CYBERTECH feeds components into assembly processes, checks workpiece quality, and grinds and polishes metal parts. Its flexibility makes it particularly popular in many industries, including the dynamic metal and electronics industries.
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In May 2023, FANUC Corp. (Japan), the world leader in CNCs, robotics, and ROBOMACHINEs has introduced two new high-payload capacity collaborative robots and demonstrate a wide range of automation solutions at Automate 2023. The CRX-25iA cobot will demonstrate its enhanced 30kg payload capacity by easily handling a 30kg kettlebell with full wrist articulation.
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In February 2023, KION Group entered a strategic partnership with Li-Cycle Holdings Corp. ("Li-Cycle"), an industry leader in lithium-ion battery resource recovery. KION Group and Li-Cycle held a signing ceremony at KION GROUP AG's Frankfurt headquarters to finalize the definitive agreement for the partnership. It will initially remain in place until 2030. According to the agreement, the environmentally friendly recycling of lithium-ion batteries will begin in the second half of this year. KION Group brands sell such batteries worldwide with their electric industrial trucks and automated warehouse logistics solutions.
Global Warehouse Robotics Key Market Trends
- 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.
- Focus on flexibility: As warehouses deal with a greater variety of products and order volumes, there is a growing need for robotics that can handle a wider range of tasks and adapt to changing needs. This has led to the development of more flexible robots that can handle a variety of tasks and be easily reconfigured as needed.
- Integration with other systems: As robotics become more prevalent in warehouses, there is a greater need to integrate them with other systems, such as warehouse management systems (WMS), enterprise resource planning (ERP) systems, and other automation solutions. This requires the development of open, interoperable systems that can work seamlessly with other technologies.
- Increasing use of artificial intelligence and machine learning: Artificial intelligence (AI) and machine learning (ML) are being used to improve the performance of warehouse robotics systems. By analyzing data from sensors and other sources, AI and ML algorithms can help to optimize robot movements and improve overall efficiency.
Global Warehouse Robotics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global warehouse robotics market analysis, we found that the rapidly growing e-commerce and retail industries, coupled with the shortages of workers, and rising desire to increase warehouse throughput are driving market expansion. Warehouse robotics improves facility safety by taking over risky operations that endanger workers. The rising e-commerce business, thanks to the abundance of websites and options, leads to technological advancements. Virtual reality (VR), augmented reality (AR), blockchain-based technology, machine learning (ML), and artificially intelligent (AI) are all assisting marketers in improving the buying experience.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.31 Billion |
| Market size value in 2031 | USD 21.58 Billion |
| Growth Rate | 19.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Warehouse Robotics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Warehouse Robotics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Warehouse Robotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Warehouse Robotics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Warehouse Robotics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Warehouse Robotics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Warehouse Robotics Market Report Snapshots
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