Warehouse Robotics Market - Forecast, 2024-2030

Warehouse Robotics Market Overview

The Global Warehouse Robotics Market size is projected to reach US$6.2 billion by 2030, growing at a CAGR of 12% from 2024 to 2030. The Warehouse Robotics Market encompasses the automation sector dedicated to developing, deploying, and utilizing robotic systems within warehouse and distribution center settings. These robots undertake tasks like picking, sorting, packing, and transportation, aiming to boost operational efficiency, enhance order accuracy, ensure safety, and minimize labor costs. A pivotal trend influencing this market is the integration of cutting-edge technologies like Artificial Intelligence (AI), machine learning, and the Industrial Internet of Things (IIoT). These advancements empower robots to operate autonomously, make real-time decisions, and communicate seamlessly with other warehouse systems, driving higher productivity, accuracy, and adaptability. E-commerce's surge significantly propels the warehouse robotics market forward. With online shopping's exponential growth, retailers and logistics firms face mounting pressure to swiftly and accurately fulfill orders. Warehouse robots offer a scalable solution to manage these demands, enabling companies to optimize order fulfillment processes and navigate peak periods efficiently. Moreover, there's a mounting emphasis on warehouse digitalization and inventory management, spurred by the quest for enhanced visibility and control over inventory levels. Robotics technologies such as automated storage and retrieval systems (AS/RS) and sortation robots play a pivotal role in optimizing warehouse space usage and inventory tracking. The factors such as the proliferation of advanced technologies, the expansion of e-commerce, and the increasing focus on operational efficiency and safety are expected to drive market expansion in the foreseeable future.

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Report Coverage

The report: “Warehouse Robotics Industry Outlook – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Warehouse Robotics industry.

By Product Type: Autonomous Mobile Robot (AMR), Articulated Robots, Cylindrical Robots, SCARA Robots, Collaborative Robots, Parallel Robots, Cartesian Robots and Others.

By Payload Capacity: less than 20Kg, 20-100Kg, 100-300Kg and greater than 300Kg.

By System Type: Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System and Swisslog Carrypick.

By Components: Programmable Logic Controller, Microprocessors and Microcontrollers, Actuators, Sensors and RF Module.

By Software: Warehouse management system, Warehouse execution system, Warehouse control system and Others.

By Function: Pick & Place, Assembling & Dissembling, Transportation, Sorting & Packaging and Others.

By End-use Industry: E-commerce, Automotive, Consumer Electronics, Food & Beverages, Healthcare, Metal & Machinery, Textile, Chemical and Others.

By Geography: North America (the US, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others) and RoW (the Middle East and Africa).

Key Takeaways

? In the Warehouse Robotics market report, the autonomous mobile robots’ segment is analyzed to grow at a significant CAGR of 14.9% due to its high accuracy, increased efficiency and widespread applications across industry verticals.

? The E-commerce industry is expected to grow at the highest rate with a CAGR of 15.2% owing to factors such as rising demand for distribution center automation, fulfillment automation, growing demand for order accuracy and rising competition among the companies.

? North America held the largest market share of 34% in 2023 in the global Warehouse Robotics Market, owing to factors such as rapid R&D investments towards robotics and increasing adoption of robots for process automation.

Warehouse Robotics Market Segment Analysis - by Product Type

Based on Product Type, the autonomous mobile robots’ segment in the Warehouse Robotics Market report is analyzed to grow with the highest CAGR of 14.9% during the forecast period 2024-2030. The growing adoption of these automated warehouse robots can be attributed to their widespread benefits such as high accuracy, increased efficiency, and safer transportation of materials as they are equipped with sensors to avoid any collisions. In May 2023, DHL Supply Chain and Locus Robotics plan to deploy 5,000 autonomous mobile robots worldwide, expanding their fulfillment automation agreement. The Locus Origin AMRs will be integrated into multiple warehouses and distribution centers by year-end. DHL has already deployed 3,000 AMRs globally, with 2,000 in North America. This growing demand for AMRs would eventually increase the Warehouse Robotics market size.

Warehouse Robotics Market Segment Analysis - by End-use Industry

Based on End-user Industry, the E-commerce industry in the Warehouse Robotics Market report is analyzed to have the highest share. It is also expected to grow at a significant CAGR of 15.2% during the forecast period 2024-2030. The growing need for order accuracy, increased competition in the e-commerce industry, the rising need for fulfillment automation, distribution center automation and the proliferation of internet purchases are expected to propel the demand for automated warehouse robotics in the E-commerce industry. In June 2022, Epson introduced the GX Series SCARA robots to deliver next-level performance and flexibility. These GX4 and GX8 robots offer high throughput, smooth motion control and heavy payloads, thereby boosting the Warehouse Robotics Industry in the E-commerce segment.

Warehouse Robotics Market Segment Analysis - by Geography

North America dominated the global market for the Warehouse Robotics Market with a 34% market share in 2023. It is also analyzed to have significant growth over the forecasting period. This growth is due to increased demand for distribution center automation, fulfillment automation, intelligent warehouses, warehouse digitalization across industries, and a rise in R&D investments by manufacturers towards warehouse robotics. In 2022, robot installations in the U.S. surged by 10%, reaching 39,576 units, as per the International Federation of Robots report on Sept. 26. These developments positively influenced the Warehouse Robotics Industry outlook during the forecast period.

Warehouse Robotics Market Drivers

An increase in R&D investments toward robots for process automation in warehouses:

In the past few years, the Warehouse Robotics ecosystem has seen a significant rise in investments. Due to this rising investment, new cost-effective, flexible and efficient robots are being installed across warehouses for process automation. These robots are automating various warehouse operations such as storage and retrieval, palletizing and de-palletizing, transportation and packaging. For instance, in May 2022, GreyOrange secured funding of US$110 million from Mithril Capital for improving its technology and expanding its business in the Warehouse Robotics industry.

Rapid technological advancements in robotics sensors and the incorporation of AI and ML:

Owing to the onset of Industry 4.0 and rising warehouse digitization across industries, the deployment of robots has significantly increased in the period of study. The incorporation of artificial intelligence and machine learning further enabled the robots with superior functionality, efficiency and accuracy. Technological advancements in robotic sensors are also facilitating the deployment of robots across end-use industries. These sensors provide the robots with higher precision and accuracy while operating. In February 2022, Celera Motion and ATI Industrial Automation partnered with MassRobotics for robotics sensors innovation. These developments would positively influence the Warehouse Robotics industry outlook over the forecast period.

Warehouse Robotics Market Challenges

Lack of a skilled workforce to operate the robots:

Warehouse Robotics is a multidisciplinary field were acquiring and retaining qualified workers is a major issue. There is a huge scarcity of individuals with specific backgrounds and skills, especially to develop high-value-added robots integrated with advanced technologies. Additionally, higher costs related to training & deployment and the difficulty interacting with robots are hampering the growth of the Warehouse Robotics Market during the forecast period.

Warehouse Robotics Industry Outlook

Product launches, collaborations, and R&D activities are key strategies adopted by players in the Warehouse Robotics Market. The top 10 companies in the Warehouse Robotics market include ABB Ltd, FANUC America Corporation, Omron Automation, Yaskawa America, Inc., 6 River Systems, LLC, Honeywell International Inc., Toshiba Corporation, Locus Robotics, Daifuku Co., Ltd., Syrius Robotics, and others.

Recent Developments

? In May 2022, ABB launched the ABB Robotic Depalletizer, a solution for handling complex de-palletizing tasks in e-commerce, healthcare and logistics industries by enabling customers to efficiently process assorted loads. This is poised to increase the company’s share in the Warehouse Robotics Market.

? In March 2022, FANUC introduced the new CRX-5iA, CRX-20iA/L and CRX-25iA collaborative robots. These robots can handle payloads weighing 4-35kgs. This feature boosts the adoption of these Warehouse Robotics across industry verticals.

? In January 2023, DHL Supply Chain's $15 million investment in Boston Dynamics' robotics solutions has swiftly borne fruit, with the deployment of Stretch robots within a year. These innovative machines adeptly transfer packages from trailer interiors to flexible conveyors, streamlining warehouse