Warehouse Robotics Market Incredible Possibilities Opening New Opportunities by 2030

Growing number of e-commerce sectors is fueling the warehouse robotics industry growth-

The growth of the warehouse robotics industry is driven by warehousing and inventory management. Due to an increasing number of e-commerce platforms, new forms of media have allowed marketers to enhance the buying experience through advancements in technologies such as virtual reality (VR), machine learning (ML), blockchain, and artificial intelligence (AI).

Top market players in the warehouse robotics industry are constantly looking for innovative ways to reduce costs, expedite deliveries, and ensure the safety of employees. By automating warehouses for online retailers, robots have become effective and cost-effective alternatives to human workers. As a result, the expansion of the online retail sector is expected to stimulate the growth of the sector. Therefore, the demand for warehouse robotics is expected to rise in the future.

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Driving Factors:

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.

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Segmentation Based On:
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.

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Top Players:
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.

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