Warehouse Robotics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Warehouse Robotics Market
The warehouse robotics market size was valued at USD 4.86 billion in 2023, and the market is now projected to grow from USD 5.26 billion in 2024 to USD 12.99 billion by 2032, exhibiting a CAGR of 13.8% during the forecast period of 2024-2032.
Pandemic has accelerated the demand for robotics, as businesses and retail stores have shifted to online shipping alternatives. This has caused warehouse operators looking for bendy solutions with minimal human interplay, including robots for item selecting, sorting, transportation, and packing. The pandemic has additionally shifted clients toward the net marketplace, using demand for warehouse automation put up-pandemic. The growing fashion closer to on line purchases and changing customer conduct are predicted to force warehouse productivity growth, growing robust market call for robotics and automation. The pandemic has additionally boosted on-line purchases, creating demand for person product picking, packing, and palletizing, requiring robots like AMRs and AGVs.
The pandemic has accelerated market growth, driven by online purchases and a shift in consumer behaviour. This has led to increased demand for faster product handling solutions and reduced operating costs. Electronics, pharmaceuticals, and cosmetics have visible substantial boom in on line purchases in both emerging and developed nations. This demand for long lasting and semi-durable products has caused the need for third-party logistics, unbiased bloodless storage, and warehouses, riding the warehouse robotics market growth.
Warehouses are more and more adopting robots for material dealing with, with over 49,500 robots sold in 2021 for logistics or transport activities. Mobile robots like AMRs and AGVs can carry out repetitive responsibilities and transfer merchandise quickly, optimizing product distribution and increasing space efficiency. The developing adoption of Industry 4.0 is riding the call for automation, allowing warehouse robotics like robot hands, picking, sorting, and fabric managing systems. Automated warehouses with robots require less area in keeping with volume of products, limiting product damage and reducing energy consumption.
Comprehensive Analysis of Warehouse Robotics Market
The warehouse robots market is divided into autonomous mobile robots, automated guided vehicles, articulated robots, and collaborative robots. The autonomous mobile robots segment is the largest, accounting for the majority of the market share in 2022. These robots are used for warehouse activities like picking, placing, transportation, and packing, generating strong demand. The transportation segment holds the highest market share, with robotic solutions like articulated arms being used in various industries to enhance product handling and delivery processes. The increasing number of orders and online purchases are boosting the demand for robots to manage inventory stock and process more orders quickly. The market is divided into payload capacities, with the transportation segment holding the highest market share. Warehouses are increasingly adopting automation due to the challenges of handling heavy-weight products. The e-trade sector holds approximately 43.4% of the market revenue proportion in 2022. Third-party logistics and the e-trade quarter are increasing order-processing sports, main to warehousing owners making an investment in robots to control transport times. Key market participants focus on automating their warehouses and reducing product delivery time due to their short shelf life.
The Asia Pacific region lead the warehouse robotics market share by benefitting a market size of USD 2.41 billion in 2023 due to using the growth of online shopping and e-trade in rising and advanced economies. Asia Pacific is emerging as a dominant location for warehouse robotics due to sturdy call for perishable and durable items, which includes digital merchandise. The upward thrust in omnichannel distribution and the use of robots for quicker product dealing with is anticipated to boost the market percentage.
Key marketplace players like ABB Ltd., FANUC Corporation, Hikvision (Hikrobot), KION Group AG, Daifuku, Omron Corporation, and KUKA AG are focusing on new product introductions to penetrate the worldwide marketplace, with domestic startup agencies increasing investment to enhance their marketplace presence.
DHL has partnered with Locus Robotics to introduce 5,000 self-sufficient cell robots to its warehouse in May 2023, expected to address selecting, packing, and distribution tasks.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019 – 2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023 – 2030
Historical Period 2019 – 2021
Growth Rate CAGR of 13.8% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Product Type
Autonomous Mobile Robots
Automated Guided Vehicles
Articulated Robots
Collaborative Robots
Others (Cartesian Robots, SCARA Robots)
By Application
Picking & Placing
Palletizing & Depalletizing
Transportation
Packing
By Payload Capacity
Below 200 Kg
200 to 400 Kg
400 to 600 Kg
600 to 900 Kg
Above 900 Kg
By End-User Industry
Food & Beverage
Electronics & Electrical
Automotive
Pharmaceuticals
Independent Warehouse
E-Commerce
Others (Plastics, Metal & Machinery)
By Region
North America (By Product Type, Application, End-User Industry, Payload Capacity, and Country)
U.S. (By Product Type)
Canada (By Product Type)
Mexico (By Product Type)
Europe (By Product Type, Application, End-User Industry, Payload Capacity, and Country)
U.K. (By Product Type)
Germany (By Product Type)
Italy (By Product Type
France (By Product Type)
Spain (By Product Type)
Rest of Europe
Asia Pacific (By Product Type, Application, End-User Industry, Payload Capacity, and Country)
China (By Product Type)
India (By Product Type)
Japan (By Product Type)
South Korea (By Product Type)
Rest of Asia Pacific
Middle East & Africa (By Product Type, Application, End-User Industry, Payload Capacity, and Country)
South Africa (By Product Type)
GCC (By Product Type)
Rest of the Middle East & Africa
South America (By Product Type, Application, End-User Industry, Payload Capacity, and Country)
Brazil (By Product Type)
Argentina (By Product Type)
Rest of South America
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