Press release
Warehouse Robotics Market Size US$ 11.7 Billion by 2028 | CAGR of 11.6%
Warehouse Robotics Market
IMARC Group's latest research report, titled "Warehouse Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," 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 Market Uses:
Warehouse robotics represents a computer-controlled solution used for transporting materials and streamlining as well as automating warehouse processes. It uses specialized machines and software for the pick-place, packing, packaging, and palletizing of products with enhanced accuracy. Warehouse robotics includes industrial robots, sortation, conveyors, autonomous mobile robots (AMR), etc. They utilize onboard sensors, computer systems, magnetic strips, infrared cameras, and integrated maps to identify obstacles, navigate workspaces, avoid collisions, deliver inventory around the warehouse, etc. These robots assist in minimizing redundant processes and are not prone to fatigue and frequent wear and tear. Consequently, these solutions find wide-ranging applications across several sectors, such as food and beverage (F&B), automotive, pharmaceuticals, retail, etc.
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Key Players Included in Global Warehouse Robotics Market Research Report:
• 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
• Yaskawa Electric Corp
Warehouse Robotics Market Development:
The expanding e-commerce sector is among the key factors stimulating the warehouse robotics market. Moreover, the widespread adoption of these solutions, as they offer enhanced convenience to consumers by reducing overall operational costs and human errors in product deliveries, is acting as another significant growth-inducing factor. Besides this, the increasing usage of automated storage and retrieval systems that operate via cranes and shuttles on fixed tracks to facilitate speedy retrieval and placement of goods in aisles and vertical columns is positively influencing the global market. Furthermore, the growing integration of connected devices with the Industrial Internet of Things (IIoT) and cloud computing is propelling the market growth. Apart from this, these technologies offer improved object perception and positioning that enable efficient material batching, picking, ordering, packaging, warehouse security, inspection, etc., which is also bolstering the global market. Additionally, the emerging trend of automation across various industries is anticipated to fuel the warehouse robotics market over the forecasted period.
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Key Market Segmentation:
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)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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