Global Warehouse Robotics Market

Warehouse Robotics Market Size, Share, Growth Analysis, By Component (Robotic Arms, Sensors), By Type (Mobile Robots, Cartesian Robots), By Function (Picking & Placing, Palletizing & De-palletizing), By Industry (E-Commerce, Healthcare), and Region - Industry Forecast 2024-2031


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

Warehouse Robotics Market Insights

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).

Robots designed specifically for use in warehouses are known as warehouse robotics. The growing demand for automation in the logistics industry is projected to primarily augment the sales of warehouse robotics over the coming years. Shortages of labor and rising labor costs are also estimated to be key contributors to the high adoption of warehouse robotics around the world. High emphasis on improving the efficiency of logistics operations around the world coupled with advancements in robotics technology are slated to benefit market growth in the future. Reduced operational costs and improved worker safety and productivity are key benefits of warehouse robotics that create new opportunities for market players. On the other hand, high costs of deployment and maintenance and complex integration are forecasted to slow down warehouse robotics adoption in the long run. 

US Warehouse Robotics Market is poised to grow at a sustainable CAGR for the next forecast year.

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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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Global Warehouse Robotics Market

Report ID: SQMIG20I2149

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