Press release
Strong Growth Ahead: Warehouse Robotics Market Size To Grow At Arecord 14.5% Cagr By 2029
Warehouse Robotics
How Big Is the Warehouse Robotics Market Size Expected to Be by 2034?
The market size of warehouse robotics has seen a significant expansion in the recent past. It's predicted to surge from a valuation of $5.49 billion in 2024 to an estimated worth of $6.3 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.6%. Factors such as shortage of labor, government assistance, growth in the industrial field, diminishing price of robotic hardware, and heightened safety within warehouses have contributed to this historic period of growth.
Over the coming years, the warehouse robotics market is anticipated for fast-paced expansion. By 2029, projections indicate that it will attain a value of $10.8 billion, reflecting a compound annual growth rate (CAGR) of 14.5%. The predicted growth during this forecasting period stems from multiple factors such as heightened demand for e-commerce and third-party logistics (3pl) providers, swift industrialization occurring in developing economies, an increasing demand for warehouse automation, heightened awareness regarding enhanced safety in the workplace and ESG (environmental, social, and governance) considerations. The forecast period is also set to be marked by significant trends including the rise of collaborative robots (cobots), AI-influenced automation, autonomous mobile robots (amrs), strategic collaborations with numerous start-up entities, and the proliferation of last-mile delivery robots.
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What Are the Emerging Segments Within the Warehouse Robotics Market?
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
Subsegments:
1) By SCARA Robots: Horizontal SCARA Robots, Vertical SCARA Robots
2) By Cylindrical Robots: Vertical Cylindrical Robots, Horizontal Cylindrical Robots
3) By Parallel Robots: Delta Robots, Other Parallel Kinematics Robots
4) By Mobile Robots: Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs)
5) By Gantry Robots: Cartesian Gantry Robots, Overhead Gantry Systems
6) By Stationery Articulated Robots: 6-Axis Articulated Robots, 5-Axis Articulated Robots
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What Long-Term Drivers Are Shaping Warehouse Robotics Market Trends?
The expansion of the e-commerce sector is catalyzing the rise of the warehouse robotics market. E-commerce, also referred to as online shopping, is a business model that enables individuals and corporations to conduct transactions of goods and services through the internet. This revolutionary sector demands the application of automated warehouse robots to streamline material transportation in any infrastructure and enhance warehouse procedures. To provide a compelling example, in 2022, there was a 44% augmentation in sales, resulting in over 86,000 units being traded. Notably, there was a significant uptick in the desire for robots built for collaborative indoor environments, with an impressive surge of 78%, leading to almost 37,300 units being traded. Likewise, the trading of robots explicitly for food and drink delivery within eateries witnessed a dramatic growth of 125%, amounting to over 24,500 units traded. These developments highlight the escalating incorporation of robotics across diverse sectors, particularly in improving service efficiency within the hospitality sector. Hence, the surge in E-commerce is propelling the warehouse robotics market's expansion.
Who Are the Top Competitors in Key Warehouse Robotics Market Segments?
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
What Warehouse Robotics Market Trends Are Gaining Traction Across Different Segments?
The AI-powered warehouse robotics market is currently being molded by the implementation of systems that utilize this technology. AI, a digital replication of human intelligence performed by computer systems, is being employed by major industry players to automate mundane pack-and-pick operations and conduct complex manipulations in unpredictable scenarios. For instance, the Denmark-based shipping company A.P. Møller - Mærsk A/S launched an AI-empowered robotic solution in their UK warehouse in July 2023. This new technology, featuring various innovative characteristics, has vastly improved warehouse operations. The Robotic Shuttle Put Wall System, an advanced creation by Berkshire Grey, has brought a level of efficiency and automation to the company's 685,000-square-feet workspace. This system performs order sorting three times quicker than standard manual methods and is particularly competent at upstream batch inventory picking, thus boosting efficiency by as much as 33%. Furthermore, it can manage 100% of common stock keeping unit (SKU) assortments, order profiles, and packages.
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Which Regions Are Becoming Hubs for Warehouse Robotics Market Innovation?
North America was the largest region in the warehouse robotics market share in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Warehouse Robotics Market?
2. What is the CAGR expected in the Warehouse Robotics Market?
3. What Are the Key Innovations Transforming the Warehouse Robotics Industry?
4. Which Region Is Leading the Warehouse Robotics Market?
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