Press release
Warehouse Robotics Market 2024 - By Share, Size, Trend, Demand, Analysis By Top Leading Players And Forecast Till 2033
Warehouse Robotics Market
Warehouse Robotics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $9.47 billion In 2028 At A CAGR Of 14.4% :
The warehouse robotics market size has grown rapidly in recent years. It will grow from $4.82 billion in 2023 to $5.53 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to labor shortage, government support, growth in the industrial sector, decreasing cost of robotic hardware, improved warehouse safety.
The warehouse robotics market size is expected to see rapid growth in the next few years. It will grow to $9.47 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing demand for e-commerce and third-party logistics (3pl) providers, rapid industrialization in emerging economies, rising demand for automation in warehouses, rising awareness about enhanced safety at the workplace, esg (environmental, social, and governance) considerations. Major trends in the forecast period include collaborative robots (cobots), ai-driven automation, autonomous mobile robots (amrs), strategic and collaborative partnerships with various start-up companies, last-mile delivery robots.
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Warehouse Robotics Market Major Segments
The warehouse robotics market covered in this report is segmented -
1) By Type: SCARA Robots, Cylindrical Robots, Parallel Robots, Mobile Robots, Gantry Robots, Stationery Articulated Robots
2) By System Type: Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System, Swisslog Carry Pick
3) By Function: Pick And Place, Assembling Dissembling, Transportation, Packaging
4) By End-User: E-Commerce, Automotive, Food And Beverages, Electronics And Electrical, Metal And Machinery, Pharmaceuticals, Other End-Users
Key Driver - E-Commerce Boom Fuels Warehouse Robotics Market Growth
The growing e-commerce industry is driving the growth of the warehouse robotics market. E-commerce, or online shopping, is a business concept that allows individuals and businesses to buy and sell goods and services via the Internet. The e-commerce sector is the most transformative industry which necessitates automated warehouse robots to automate manual material transportation in any facility and optimize warehouse operations. For example, according to the US Census Bureau's Department of Commerce, retail e-commerce sales in the USA reached $222.5 billion in the second quarter of 2021, up by 3.3% from the first quarter. Therefore, the growing e-commerce industry is projected to increase the demand for the warehouse robotics market over coming years.
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Prominent Trend - Ai-Powered Warehouse Robotics Reshaping The Market
Deployment of AI-based warehouse robotic systems is shaping the warehouse robotics market. Artificial intelligence (AI) is the digital emulation of human intellect by a computer or computer-controlled system that perform tasks normally performed by smart individuals. Major players are focusing on AI-based warehouse robotic systems to automate repetitive pick-and-pack processes and perform sophisticated manipulations in unexpected conditions. For instance, in July 2023, A.P. Møller - Mærsk A/S, a Denmark-based shipping company deployed an AI-enabled robotic solution in its UK warehouse, introducing a host of new features designed to enhance warehouse operations significantly. The state-of-the-art Robotic Shuttle Put Wall System by Berkshire Grey has brought automation and efficiency to the company's 685,000 sq ft facility. This system is capable of sorting orders three times faster than traditional manual methods, and it excels in upstream batch inventory picking, increasing efficiency by up to 33%. Moreover, it can handle 100% of the typical stock keeping unit (SKU) assortments, order profiles, and packages.
Warehouse Robotics Market Players
Major companies operating in the warehouse robotics market include ABB Ltd., Honeywell International Inc., Fanuc Corporation, Amazon Robotics LLC, KUKA Aktiengesellschaft, Yaskawa Electric Corporation, Attabotics Inc., Omron Corporation, Daifuku Co. Ltd., Toshiba Corporation, Yamaha Robotics, Locus Robotics Corporation, Bastian Solutions LLC, GreyOrange Pte. Ltd., Kion Group AG, Fetch Robotics Inc., SSI Schaefer Systems International Holding AG, Swisslog Holding AG, Knapp AG, Dematic Corp., IAM Robotics LLC, Vecna Robotics Inc., Geek Plus Robotics Co. Ltd., Magazino GmbH, RightHand Robotics Inc., Boston Dynamics Inc., Clearpath Robotics Inc., Mobile Industrial Robots ApS, Seegrid Corporation, Universal Robots A/S, Waypoint Robotics Inc., BlueBotics SA, Energid Technologies Corporation, Kinova Inc., Soft Robotics Inc., Tompkins Robotics LLC
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Largest And Fastest Growing Region In The Market
North America was the largest region in the warehouse robotics market share in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the warehouse robotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Warehouse Robotics Market Report Structure
3. Warehouse Robotics Market Trends And Strategies
4. Warehouse Robotics Market - Macro Economic Scenario
5. Warehouse Robotics Market Size And Growth
…..
27. Warehouse Robotics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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