Global Warehouse Robotics Market Report and Forecast 2023-2028

Global Warehouse Robotics Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global warehouse robotics market reached a value of USD 7.5 billion in 2022. Aided by the escalating need for efficient warehousing solutions and the broadening applications of warehouse robotics across various sectors, the market is projected to further grow at a CAGR of 10.83% between 2023 and 2028 to reach a value of USD 15.3 billion by 2028.

Warehouse robotics represents a set of automated systems used for transporting, assembling, and packaging, among other activities within a warehouse environment. These robots enhance productivity, efficiency, and accuracy, significantly reducing the workload on human employees. The increasing demand for rapid product deliveries and efficient inventory management in e-commerce, retail, and manufacturing sectors amplifies the importance of these robots. In addition to speeding up processes, these robotic solutions also ensure safety, precision, and a significant reduction in operational costs.

The trajectory of the global warehouse robotics market growth is primarily driven by the surging e-commerce sector. With an escalating number of online shoppers, businesses are relentlessly seeking ways to expedite order fulfilment while ensuring accuracy. Warehouse robotics emerges as the optimal solution, catering to the intricate demands of online retail by streamlining inventory management and reducing order processing times.

Another driving force behind the warehouse robotics market expansion is the ongoing Industry 4.0 revolution. As industries embrace digital transformation, there's an escalating emphasis on smart factories and automated warehouses. These advancements necessitate the integration of sophisticated robotics solutions to keep up with the rapid pace of production and distribution in today's competitive marketplace.

Beyond e-commerce and manufacturing, the applicability of warehouse robotics spans multiple sectors. In the pharmaceutical domain, robots ensure precise handling and storage of drugs, essential for maintaining quality and preventing contamination. In the food and beverage industry, these robots are paramount in maintaining freshness by facilitating swift storage and retrieval of perishable items.

The continual technological advancements in artificial intelligence (AI) and machine learning (ML) further bolster the warehouse robotics market demand. With these advancements, robots are becoming more adaptable, capable of handling varied tasks with minimal programming. This adaptability allows for easier integration into different warehousing setups, making it a lucrative investment even for small and medium-sized businesses.

Market Segmentation

The market can be divided based on product type, function, payload capacity, end user, and region.

Market Breakup by Product Type

• Industrial Robots
• Sortation Systems
• Conveyors
• Palletisers
• Automated Storage and Retrieval Systems
• Mobile Robots (AGVs and AMRs)

Market Breakup by Function

• Storage
• Packaging
• Trans-Shipment
• Others

Market Breakup by Payload Capacity

• Below 10 kg
• 11 kg to 80 kg
• 81 kg to 400 kg
• 401 kg to 900 kg
• Above 900 kg

Market Breakup by End User

• Food and Beverage
• Automotive
• Retail
• Electrical and Electronics
• Pharmaceutical
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global warehouse robotics companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• ABB Limited
• Honeywell International, Inc
• Toshiba Infrastructure Systems & Solutions Corporation
• Fanuc Corporation
• TGW Logistics Group
• Invia Robotics, Inc
• Omron Corporation
• Daifuku Co., Ltd.
• Yaskawa Electric Corporation
• KUKA AG
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.