Warehouse Robotics Market - By Functions (Picking & Placing, Sorting & Packaging, Palletizing & Depalletizing, Transportation), By Application (Food & Beverage, Electrical & Electronics, Automotive, Pharmaceutical/Healthcare, E-commerce, Retail), By Type, Component & Forecast, 2023 – 2032

Warehouse Robotics Market Size

Warehouse Robotics Market size was valued at over USD 6.5 Billion in 2022 and is anticipated to grow at a CAGR of over 10% between 2023 and 2032. The growth in e-commerce & retail, labor shortages, and the increased demand for advancements in the warehouse industry have spurred market development. Warehouse robots are used to safely perform dangerous tasks that put workers at risk.
 

Warehouse robotics refers to robotic automation that uses specialized software to perform routine warehouse tasks. Warehouse robotics simplifies & automates routine tasks or processes in many end-user verticals such as e-commerce, automotive, electrical & electronics, metals & machinery, chemicals, rubber & plastics, food & beverage, and pharmaceuticals.
 

The high initial investment and distribution costs will hinder market growth. The low revenues of small & medium-sized enterprises make it difficult for them to access technological equipment.
 

Warehouse Robotics Market Trends

Warehouse robotics industry expansion is being driven by the increased use of the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), and other similar technologies, which are already impacting the stock market. The demand for custom solutions for employee monitoring, warehouse operations, and inventory management has increased over the past decade. Therefore, software professionals are constantly trying to bring new features to their software solutions. The e-commerce industry is constantly growing due to the advancements in technology, thus offering wide product availability & selection through websites. Virtual Reality (VR), Augmented Reality (AR), blockchain, ML, and AI are some of the technologies that enable market players to develop advanced products.
 

Warehouse Robotics Market Analysis

Based on type, the warehouse robotics market is segmented into Automated Guided Vehicles (AGVs), Automated Storage & Retrieval Systems (AS/RS), co-bots/collaborative robots, Autonomous Mobile Robot (AMR), Selective Compliance Articulated Robot Arm (SCARA), and others. AGV systems facilitate the handling & transportation of products in factories, warehouses, and distribution centers without permanent conveyors or human intervention. They follow the installation guide to optimize, store, and install products in the right place. AGVs accounted for the highest share of over 35% in 2022.
 

AGVs are gaining popularity due to their many advantages such as reduced labor costs, increased productivity, and support for the scale of automated processes. These significant benefits are encouraging transport and logistics companies to use AGVs to increase their operational efficiency. These systems are equipped with cameras, laser heads, and other sensors that help them navigate safely between machines, structures & workers. Workers can make mistakes during production or distribution, which can lead to accidents. AGVs can improve the accuracy of work, thereby preventing accidents, reducing product waste & increasing efficiency.
 

Based on component, the market is divided into hardware, software and services. The software segment expanded at over 15% CAGR during the forecast period. The continued growth in retail & e-commerce coupled with the growing demand for robotics to increase efficiency and reduce logistics costs is driving segment growth. In addition, using robots for transportation can help companies multitask and reduce workforce shortages. Therefore, the need to improve product performance and reduce human error has led to the hardware segment growth. Additionally, the integration of AI is expected to drive market trends in the coming years.
 

Based on application the warehouse robotics market is segmented into food & beverage, electrical & electronics, automotive, pharmaceutical/healthcare, e-commerce & retail, and others. Ecommerce is expected to grow significantly during the forecast period. Growth is attributed to the popularity of online shopping and the increasing demand to fulfill orders quickly & efficiently, which play an important role in electronic warehouses and distribution centers. E-commerce companies are increasingly using robots to improve supply chain management and delivery. The growing demand for faster transactions while maintaining accuracy is expected to drive the e-commerce segment growth.
 

The warehouse robotics market in Asia Pacific held the highest share of over 35% in 2022. Asia Pacific is expected to dominate the global automotive market during the forecast period. The rising domestic products in the region along with the presence of major players, such as FANUC Corporation, Yaskawa Electric Corporation, Singapore Technology Engineering Ltd., and Toshiba Corporation, are promoting market development. In addition, the increasing number of retails, manufacturing, and FMCG firms is expected to generate a positive influence on regional indstry share. Japan remains the world's largest exporter of robots in terms of shipments and operating units.
 

Warehouse Robotics Market Share

Major companies operating in the market include:

• ABB
• Bastian Solutions LLC
• Daifuku Co.Ltd
• Dematic
• Fetch Robotics Inc
• Honeywell International Inc
• KNAPP AG
• KUKA AG
• OMRON Corporation
• YASKAWA Electric Corporation
• FANUC Corporation
• KION Group AG
• Murata Machinery Ltd
• Toyota Industries Corporation
• Honeywell International Inc.
   

Warehouse Robotics Industry News:

• In November 2022, KNAPP AG collaborated with eMAG.ro, MALL.CZ, HPTRONICS, and Alza.cz. This collaboration will help the company strengthen its logistics & operations and establish a strong position as a technology & software provider for e-commerce in Central and Southeast Europe.
   
• In June 2019, Amazon shipped nearly 100,000 robots to 25 delivery locations in the U.S. In the same year, the company also planned to install 800 Pegasus and Xanthus robot systems in some locations, thus increasing its global robot fleet to 200,000 robots.
   

The warehouse robotics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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By Type

• Automated Guided Vehicles (AGVs)
• Autonomous Mobile Robot (AMR)
• Automated Storage & Retrieval Systems (AS/RS)
• Co-bots/Collaborative robots
• Selective Compliance Articulated Robot Arm (SCARA)
• Others

By Functions

• Picking & placing
• Sorting & packaging
• Palletizing & depalletizing
• Transportation

By Component

• Hardware
• Software
• Services

By Application

• Food & beverage
• Electrical & electronics
• Automotive
• Pharmaceutical/Healthcare
• E-commerce
• Retail
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Singapore
• Latin America
  • Brazil
  • Mexico
• MEA
  • GCC
  • South Africa