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).

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

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.

Warehouse Robotics Market Report Snapshots

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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).

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'

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.

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.

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.

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Warehouse Robotics Market Dynamics

Warehouse Robotics Market Report Snapshots

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