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.
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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.
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.
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Prominent Players of the Market:
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.
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.
- In depth, the global warehouse robotics market analysis is conducted by constructing estimations for the key segments between 2020 and 2030.