Warehouse Robotics Market is expected to grow to reach USD 13.35 billion by 2030 at a CAGR of 13.5% during the forecast period 2022-2030
Globally, the size of warehouse robotics market is supposed to arrive at USD 13.35 billion, at a CAGR of 13.5% during the estimated 2022-2030 driven by growing demand for automation and rising awareness regarding quality and safety products are accelerating the market’s growth in the forthcoming years. The Warehouse Robotics market gives the sending of mechanical technology in the stockroom to play out the tasks like pick-place, material clustering, requesting, stockroom security, examination, transportation, bundling, and palletizing, as well as work on functional effectiveness by tremendous edges.
As of late, mechanical technology has acquired tremendous significance in the store network, conveyance focus, and stockroom the board circles and assumes a huge part in distribution centre mechanization.
The stockroom advanced mechanics market fragments depend on Asia-Pacific, Europe, North America, and the remainder of the world. North America represents the biggest piece of the pie during the audit time frame for their rising interest and mindfulness towards quality and security creation. Also, a higher reception of stockroom mechanization advances, countless laid out players modernizing their plants are driving the interest for this market around here.
The development in the internet business industry and the presentation of trendsetting innovations in advanced mechanics, the rising requirement for productive warehousing, and stock administration are the variables that drive the stockroom mechanical technology market development.
Involving mechanization in warehousing gives the advantages like reducing generally operational expenses and efficiency and decreasing blunders during item conveyance. Developing interest in mechanization and rising mindfulness regarding quality and well-being items is speeding up the market's development in the approaching years.
Due to the COVID-19 outbreak, the majority of the businesses are shut down, operations across various enterprises, warehouses, and manufacturing units are halted. To control the spread of the virus, the government has implemented stringent rules like maintaining social distancing, lockdowns of business sectors, and halting transportations, supply chains, etc. India is affected drastically and the warehouse robotics market is also affected by this pandemic.
Even in this pandemic situation, robots and automation are very helpful in managing the situation. Moreover, they are demanding highly for home deliveries which play an important role in this situation. However, the COVID brings new opportunities to the warehouse robotics market.
The growth in the e-commerce industry, and the introduction of advanced technologies in robotics, the rising need for efficient warehousing, inventory management are the factors that drive the warehouse robotics market growth. By using automation in warehousing provides the benefits like cutting down overall business costs, time-saving, and reduces errors during product delivery. Growing demand for automation and rising awareness regarding quality and safety products are accelerating the market’s growth in the forthcoming years.
Advanced technologies like sensor technologies provide an enhanced object perception and an accurate positioning system which helps in various warehousing applications that attains an optimal operational flow and logistics efficiency that enhances the growth of the market. Moreover, active funding from venture capitalists also drives the growth of the market.
Higher costs related to training & deployment, lack of skilled workforce, and feeling difficulty in interacting with robots for some end users are hindering the growth of the market.
The growing demand for automation and awareness regarding safety and quality production is anticipated to bring significant growth opportunities to the warehouse robotics market forecast.
Lack of awareness along with complexity in interacting with robots, the threat of job displacement, and designing an advanced robotic system that meets the requirement of consumers in the era of the Industrial Internet of Things (IIoT) are the challenging factors of the warehouse robotics market.
The global warehouse robotics market has been divided into segments based on type, software, function, end-user, and region.
The robotics market by type is segmented into cartesian robots, cylindrical robots, SCARA robots, parallel robots, mobile robots, articulated robots, and others. Among them, in 2016, the Mobile robots segment account for the largest warehouse robotics market share and is expected to grow at a significant rate during the assessment period. These are widely used by the leading e-commerce companies and are also gradually implemented in warehouses operated by manufacturing companies. Mobile robots are easy to set up and cheaper to operate, faster return on investment (ROI).
Robotics in the warehouse market based on the software is classified into the warehouse management system, warehouse control system, warehouse execution system, and others. Out of these, the warehouse management system accounts for the largest market share of the warehouse robotics market. It is a highly specialized business application that controls multiple warehouses. It has the benefits like improved space utilization, higher productivity, reduced inventory, reduced cost, and improved customer satisfaction.
The global warehouse robotics market based on function is bifurcated into pick and place, palletizing & de-palletizing, transportation, packaging, and others. Among them, the Pick and place segment holds the largest market share. These pick and place robots are accurate, highly efficient, reduce the order processing time, related cost, and are used in various industries.
Based on end-user, the warehouse robotics market is divided into e-commerce, automotive, food & beverages, consumer electronics, healthcare, and other sectors. Out of these segments, the e-commerce and food & beverage segment are the two highly demanding industries in the market. These industries invest in robots with smaller load capacities. The E-commerce industry holds the largest share in the market for the growing demand for online shopping, rising demand for shorter delivery times, rapidly changing customer demands.
Regionally, the global warehouse robotics market is segmented into Europe, North America, Asia-Pacific, and the rest of the world. Out of these regions, North America leads the market share during the forecast period for their growing demand and awareness towards quality and safety production.
The warehouse robotics market segments are based on regions as Asia-Pacific, Europe, North America, and the rest of the world. North America accounts for the largest market share during the review period for their rising demand and awareness towards quality and safety production. Moreover, higher adoption of warehouse automation technologies, a high number of established players, modernizing their plants are driving the demand for this market in this region.
Furthermore, Asia-Pacific is estimated to be the fastest-growing region in the market for the increase in production facilities, continuous up-gradation, rising domestic demand for products, and improved efficiency of warehouses are the factors that increase the demand for the market in this region. According to the International Federation of Robotics (IFR) presents the World Robotics report in September 2019 that Asia is the world’s largest industrial robot market. China remains the largest market with a market share of 36% of total installations.
The prominent key players in the warehouse robotics market trends are the following:
The top central participant ABB Ltd. sent off its most recent mechanical and drive innovations for the robotized stockrooms and circulation focuses. By utilizing mechanized arrangements, including variable speed drivers and automated applications.
The main organization, ABB Limited, worked together with Covariant to give AI-empowered advanced mechanics answers for the market and began with a completely independent stockroom request satisfaction arrangement. The two organizations together empowered advanced mechanics by AI. The intelligent robots work alongside people in a unique climate and learn and further develop each undertaking.
This global warehouse robotics market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the drivers, restraints, challenges, and opportunities. The warehouse robotics forecast segments are type, software, function, end-user, and region.
The warehouse robotics market trends have been segmented globally based on the type, software, function, end-user, and region.
|Market Size||USD13.35 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Software, Function|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||ABB Ltd. (Switzerland), Fanuc Corp. (Japan), Kuka AG (Germany), Yaskawa Electric Corp. (Japan), Amazon.com, Inc. (U.S.) Bleum (U.S), Fetch Robotics (U.S), BlueBotics SA (Switzerland), SSI Schafer (Germany), Daifuku Co., Ltd. (Japan), Dematic Corp. (U.S), Vanderlande Industries Inc. (U.S), and Intelligent Robots Ltd (London)|
|Key Market Opportunities||Increased demand for automation and increasing awareness regarding the quality and safety production|
|Key Market Drivers||
The global warehouse robotics market value is expected to rise to USD 13.35 billion by 2030.
The global warehouse robotics market is expected to expand at a 13.5% CAGR from 2022-2030.
Intelligent Robots Ltd, Bleum, BlueBotics SA, Vanderlande Industries Inc., Fanuc Corp., Dematic Corp., Kuka AG, SSI Schafer, Yaskawa Electric Corp., ABB Ltd., Amazon.com, Inc., Fetch Robotics, and Daifuku Co., Ltd. are key players of the global warehouse robotics market.
North America can lead in the global warehouse robotics market owing to the use of robots for transportation of goods within the warehouse.
Expansion of ecommerce industry and advances in robotics are major drivers of the global warehouse robotics market.