The global warehouse robotics market size was valued at $ 7.06 billion in 2023 and is projected to reach $ 31.34 billion 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.
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 Analysis
Key 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 Stakeholders
- This 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.
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Key Market Segments
By Operation
- Pick and Place
- Assembling and Dissembling
- Packaging
By Type
- Automated Guided Vehicles (AGVS)
- Articulated Robotic Arms
- Collaborative Robots
- SCARA Robots
- Others
By End User
- Food and Beverage
- Electronics and Electrical
- Automotive
- Others
By Region
- North 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
- Honeywell International Inc.
- KION Group
- KUKA AG
- BlueBotics
- Omron Corporation
- ABB Ltd.
- Fanuc
- Kawasaki Heavy Industries, Ltd.
- HIRATA Corporation
- Delta Electronics, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: WAREHOUSE ROBOTICS MARKET, BY TYPE
CHAPTER 5: WAREHOUSE ROBOTICS MARKET, BY OPERATION
CHAPTER 6: WAREHOUSE ROBOTICS MARKET, BY END USER
CHAPTER 7: WAREHOUSE ROBOTICS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Warehouse Robotics Market by Product Type, Function, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030.”The global warehouse robotics market size was valued at $4.4 billion in 2020 and is projected to reach $15.7 billion by 2030, growing at a CAGR of 13.2% from 2020 to 2030.
Warehouse robotics includes automated systems such as software and bagging machine that help speed up the packaging operations. Robots are used in warehouses for applications such as pick-placing, transportation, packaging, and palletizing. The integration of warehouse and robotics technology ensures accuracy and facilitates automation apart from increasing the storage space and operation efficiency of warehouses. The global warehouse robotics market growth is driven by the surge in demand for automation due to the intense competition in e-commerce sector, rise in the number of stock-keeping units, and advancements in technology. However, factors such as initial higher costs related to training & deployment, lack of awareness, threat of job displacement, and difficulty in interacting with robots for some end users hamper the market growth.
The global warehouse robotics market is segmented based on type of robot, function, end user, and geography. On the basis of type, the market is classified into SCARA, cylindrical, parallel, mobile, parallel robots, and Cartesian robots. Presently, mobile robots are the most dominant robots in the global market, followed by stationery articulated robots, and SCARA robots are expected to lose their market share due to surge in the use of autonomous mobile robots. Stationery articulated robots are expected to grow at 7.5%, while mobile robots are expected to grow at 6.5%, during the forecast period. Moreover, growth in the e-commerce, food & beverages, pharmaceutical, and automotive industries is expected to boost the adoption of these robots in the near future.
On the basis of function, the market is categorized into pick & place, assembling-dissembling, transportation, and packaging. Pick & place is the segment having highest revenue followed by packaging. The pick & place segment is expected to grow at a CAGR of 17.3% during the forecast period.
On the basis of end user, the market is divided into e-commerce, automotive, food & beverages, electronics & electrical, metal, pharmaceuticals, and others. The e-commerce segment holds the maximum share in the market, followed by the automotive industry.
On the basis of region, he market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is the largest user of warehouse robotics, followed by Asia-Pacific. Asia-Pacific is expected to grow at a CAGR of 5.9% during the forecast period. North America is expected to dominate the global warehouse robotics market share due to growth in the e-commerce, food & beverage, metal & machinery, and electronic & electrical industries during the forecast period.
The key players operating in the warehouse robotics industry include ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa, Electric Corp., Amazon Robotics (Amazon.com Inc.), Yamaha Robotics, Fetch Robotics Inc., Locus Robotics, Omron Corporation, Honeywell International Inc., and Siemens AG.
Several manufacturers in the global warehouse robotics market stopped their business activities in 2020 due to lockdowns implemented in developed and developing countries, owing to ban on industrial activities due to the COVID-19 pandemic. This halt in production activities impacted the revenue of the warehouse robotics manufacturing companies. For instance, net sales of ABB Ltd. dropped by 6.6% from April 2019 to March 2020. In addition, lack of man power and raw materials affected the supply chain of the global warehouse robotics. However, the market is projected to cover from the 1st quarter of 2023, due to reduced restrictions and reopening of the global warehouse robotics industry. Moreover, in 2021, with the availability of vaccine against COVID-19, the market re-opened at full pace with a start of 2022.
Key Findings Of Study
- The report provides an extensive analysis of the current and emerging global warehouse robotics market trends and dynamics
- By type, the mobile robots segment dominated the market in terms of revenue in 2020
- By function, the packaging segment registered the highest growth in terms of revenue in the global market of warehouse robotics in 2020
- By end user, the e-commerce segment is projected to register the highest growth rate in the coming years
- The report provides an extensive analysis of the trends and emerging opportunities of the market
Companies Mentioned
Key Market Players in the Warehouse Robotics Market include:- Honeywell International Inc.
- KION Group
- KUKA AG
- BlueBotics
- Omron Corporation
- ABB Ltd.
- Fanuc
- Kawasaki Heavy Industries Ltd.
- HIRATA Corporation
- Delta Electronics Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 290 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 7.06 billion |
| Forecasted Market Value ( USD | $ 31.34 billion |
| Compound Annual Growth Rate | 18.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
