Warehouse Robotics Market By Type (Automated Guided Vehicles (AGVS), Articulated Robotic Arms, Collaborative Robots , SCARA Robots, Others), By Operation (Pick and Place, Assembling and Dissembling, Packaging), By End User (Food and Beverage, Electronics and Electrical, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2024-2032
The global warehouse robotics market size was valued at $ 7,069.1 million in 2023 and is projected to reach $ 31,343.7 million by 2032, registering a CAGR of 18.2% from 2024 to 2032.
Warehouse robots are independent machines created to enhance or substitute human labor in a factory setting through automation. Moreover, robots consist of two components including the machine tailored for a specific task and the software that manages it. Typically, robots are designed for a specific function, such as transferring materials between warehouse slots or between slots and the loading dock. Additionally, some robots can rearrange the warehouse layout by moving entire racks to optimize space efficiency. In addition, increasing robots need for warehouse robotics owing to the current industry growth in the e-commerce sector. Warehouses and fulfillment centers are facing challenges in the absence of additional funding as customers place an increasing number of orders online and demand faster delivery times. Moreover, warehouses are now experiencing heightened pressure to expedite the movement of products from storage to shipping at an accelerated rate compared to previous times.
Warehouse automation combines software and hardware to enhance efficiency, work in quicker and more efficient order fulfillment. The warehouse management system (WMS) detects a sudden increase in orders for specific products. Moreover, the WMS may instruct its robotic systems to rearrange these items nearer to the loading area without disrupting ongoing operations. Moreover, at the time of processing orders, human workers can expedite order picking and pallet building since it have shorter distances to cover.
Furthermore, different sectors are experiencing varying rates of adoption when it comes to warehouse robotics. One sector that is rapidly implementing robotics is online retail. In fact, Amazon alone had more than 750,000 robots operating in its warehouses as of 2022, and other e-commerce giants are also embracing this technology. Walmart, for instance, introduced autonomous robots to 25 of its distribution centers in 2021, as reported by TechCrunch.
By type, the articulated robotic arm segment had the largest revenue in 2023. In warehousing robotics refers to the use of self-contained devices intended to either replace or supplement human labor in application related to manufacturing or logistics. A robot is made up of two parts: the software that directs the movements of the physical machine and the machine itself, which is designed to carry out a particular function. Such robots are made to perform specific tasks that caters to warehousing, including rearranging racks to maximize space utilization or moving materials around a warehouse. By integrating these robots into warehouse management systems and giving them sophisticated sensors and potent processing power, businesses can further augment the capabilities of these machines. Supply chain automation is greatly impacted by robots, whose market value is expected to increase from $13 billion in 2018 to $27 billion by 2025.
By operation, the assembling & dissembling segment had the largest revenue in 2023. Warehouse automation robotics have the potential to enhance supply chain visibility through the automation of inventory processes. In the past, warehouses were not typically designed for easy navigation. However, inventory robots leverage computer vision, deep learning, and standardized product identification to address this issue. Leading companies such as Ware and Gather AI utilize computer vision and deep learning technologies to swiftly and accurately scan warehouse shelves, surpassing the capabilities of human employees.
By end user, the automotive segment had the largest revenue in 2023. The food and beverage industry is also adopting robotics, as it depends on efficient and precise handling to deliver perishable goods to consumers in a timely manner. The automotive sector was among the pioneers in utilizing robotics, implementing it in assembly lines, and now they are rapidly automating other areas of their operations. Moreover, pharmaceutical companies demand utmost accuracy in their supply chain, as they must trace the origin and history of each pill they manufacture, and they are increasingly turning to robots to assist them in meeting these stringent requirements. For instance, at one of Amazon fulfillment centers close to Nashville, Tennessee, Amazon combined Proteus and Cardinal robotics systems to conduct a collaborative test on an outbound dock. The Cardinal system oversees putting packages destined for the same zip code into designated carts. The staff affectionately refers to this practice as 'playing Tetris'. Subsequently, Proteus system autonomously transports these fully packed carts to delivery trucks, smoothly navigating the open floor of the outbound dock and working alongside employees. Although there is still much work to be done to optimize this process, the potential safety advantages of this project are truly significant.
The warehouse robotics market is segmented on the basis of type, operation, end user, and region. By type, the market is categorized into automated guided vehicles (AGVs), automated storage and retrieval systems, cobots, articulated robotic arms, and others. Depending on operation, it is divided into pick & place, assembling & dissembling, and packaging. By end user, the market is segregated into food & beverage, electronics & electrical, automotive, and others. and Region wise, the market is analyzed across North America, Europe, Asia-Pacific, LA, and MEA.
Competition AnalysisKey companies profiled in the warehouse robotics market include KION Group, Honeywell International Inc., KUKA Industries GmbH & Co. K, BlueBotics, Omron Corporation, ABB Ltd., FANUC, Kawasaki Heavy Industries, Ltd., Hirata Corporation, and Delta Electronics, Inc.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the warehouse robotics market analysis from 2024 to 2032 to identify the prevailing warehouse robotics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the warehouse robotics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global warehouse robotics market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy OperationPick and Place
Assembling and Dissembling
Packaging
By TypeAutomated Guided Vehicles (AGVS)
Articulated Robotic Arms
Collaborative Robots
SCARA Robots
Others
By End UserFood and Beverage
Electronics and Electrical
Automotive
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Colombia
Chile
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
Nigeria
Egypt
Rest Of Mea
Key Market Players
Honeywell International Inc.
KION Group
KUKA AG
BlueBotics
Omron Corporation
ABB Ltd.
Fanuc
Kawasaki Heavy Industries, Ltd.
HIRATA Corporation
Delta Electronics, Inc.