Warehouse Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Warehouse Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global warehouse robotics market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.

Warehouse robotics is a computer-controlled solution used for transportation of materials and streamlining and automating warehouse processes. It utilizes specialized machines and software solutions for pick-place, packing, transportation, packaging and palletizing of material and products with enhanced accuracy. Warehouse robotics includes industrial robots, sortation, conveyors, autonomous mobile robots (AMR) and automated storage and retrieval systems (AS/RS). They use computer systems, onboard sensors, magnetic strips, infrared cameras and integrated maps to navigate workspaces, identify obstacles, avoid collisions and deliver inventory around the warehouse. These robots aid in minimizing redundant processes and are not prone to fatigue and frequent wear and tear. As a result, warehouse robotics finds extensive applications across various industries, including food and beverage, automotive, pharmaceutical and retail.

Warehouse Robotics Market Trends:

Significant growth in the e-commerce industry across the globe is among the key factors creating a positive outlook for the market. Warehouse robotics offers enhanced convenience to the consumers by minimizing overall business and operational costs and human errors in product deliveries. Moreover, the widespread adoption of AS/RS systems across industries is providing a thrust to the market growth. The system operates through cranes and shuttles on fixed tracks to facilitate speedy retrieval and placement of products in aisles and vertical columns. Additionally, various technological advancements, such as the integration of connected devices with the Industrial Internet of Things (IIoT), cloud computing and artificial intelligence (AI) solutions, are acting as other growth-inducing factors. These technologies offer improved object perception and positioning that facilitate efficient material batching, picking, ordering, packaging, warehouse security and inspection. Other factors, including the increasing automation across industries, along with the rapid modernization of existing small and medium-scale warehouses, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global warehouse robotics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, function and end user.

Breakup by Type:

Articulated
Gantry
Automated Storage and Retrieval System (ASRS)
Mobile
Others

Breakup by Function:

Storage
Trans-shipments
Packaging
Others

Breakup by End User:

Food and Beverages
Automotive
Retail
Electronics and Electrical
Pharmaceuticals
Others

Breakup by Region:

North America

United States
Canada


Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Amazon.com Inc., Fanuc Corp., Fetch Robotics Inc., Honeywell International Inc., Kuka AG, Locus Robotics, Omron Corporation, Siemens AG., Yamaha Motor Co. Ltd. and Yaskawa Electric Corp.

Key Questions Answered in This Report:


What was the size of the global warehouse robotics market in 2022?
What is the expected growth rate of the global warehouse robotics market during 2023-2028?
What has been the impact of COVID-19 on the global warehouse robotics market?
What are the key factors driving the global warehouse robotics market?
What is the breakup of the global warehouse robotics market based on the type?
What is the breakup of the global warehouse robotics market based on the end user?
What are the key regions in the global warehouse robotics market?
Who are the key players/companies in the global warehouse robotics market?