Warehouse Robotics Market Trends 2023, Global Industry Share, Size, Demand, Growth and Forecast by 2028

What is the Size of the 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.

What is Warehouse Robotics ? :

Warehouse robotics refers to a specialized computer-controlled automated system that is designed for transporting materials and streamlining various warehouse operations, including picking, sorting and putaway. It relies on advanced machines and software solutions for performing, replenishing inventory, material batching, ordering, security inspections, and palletizing consumer goods effectively. At present, warehouse robots consist of sortation, conveyors, autonomous mobile robots (AMR), and automated storage and retrieval systems (AS/RS).

These solutions employ infrared monocular cameras, goods-to-person (G2P) solutions, aerial drones, and integrated navigation maps to eliminate obstacles and collisions, enhance accuracy, and deliver inventory. This, in turn, assists in optimizing operational efficiency, improving reliability, and generating profitable margins through mitigating redundant procedures and frequent wear and tear. Consequently, it is extensively used in supply chain, distribution centers, and warehouse management circles.

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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 and Future Growth:

Rapid expansion in the e-commerce sector and the increasing need for inventory management and automation across sectors represents some of the prime factors currently driving the warehouse robotics market growth. This is further supported by the rising awareness amongst manufacturers regarding the product safety and superior quality production offered by warehouse robotics, which, in turn, is facilitating their escalating demand across the globe. In line with this, significant technological advancements, such as the integration of the Industrial Internet of Things (IIoT), artificial intelligence (AI), machine learning (ML), enterprise resource planning (ERP), and warehouse management system (WMS) is acting as another major growth-inducing factor.

These solutions assist in facilitating speedy retrieval, mitigating the risk of accidents, and improving object perception and positioning materials. Additionally, the extensive deployment of AS/RS across different industrial verticals for improving ergonomics, enhancing floor space utilization, promoting the timely distribution of products, reducing operational time and labor cost, and eliminating consumer goods picking errors is contributing to the market growth. Other factors, such as rapid industrialization in small and medium scale warehouses and the emergence of autonomous mobile robots (AMR), are creating a positive outlook for the market.

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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

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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