Warehouse Robotics Market Demand, Share, Growth, Value and Market Forecast 2023-2030

Warehouse Robotics Market is segmented By Product Type (Mobile Robots, Fixed Robots, Gantry Robots, Others), By Function (Order Fulfilment, Packaging, Storage & Retrieval Systems, Goods Consolidation, Pick & Place, Others), By End-User (E-commerce, Food, and Beverage, Pharmaceutical, Electronics, Paper, Automotive, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Warehouse Robotics Market Overview

Report analyses the Global Warehouse Robotics Market is expected to reach at a CAGR of 15.22% during the forecast period 2023-2030. Warehouse Robotics Market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from Food, and Beverage, E-commerce, Pharmaceutical, Electronics, Automotive in North America is spiking. Competitive rivalry intensifies with Fanuc Corp, Yaskawa Electric Corp, Locus Robotics and others operating in the market. The warehouse is the most crucial part of the entire supply chain process. This is where the transit of products from the production facility, is identified, sorted, and consequently tagged to be stored in a recorded location until ordered. This has made it necessary to move mechanization and automation into the warehouse, revolutionizing warehouse business to help the companies reduce overhead costs, and increase productivity with consistency and accuracy, wherein artificial intelligence has helped achieve this particular task.

Warehouse Robotics Market Scope and Summary

Warehouse Robotics Market Dynamics and Trends

• Increased demand for automation, time-saving and reduction in cost, growing demand, and awareness towards quality and safety production, advancement in technology, and increased use in various applications and industries such as food and beverage, and electronics, are the vital market drivers for the warehouse robotics market.

• However, initial high adoption costs related to deployment, lack of awareness, and difficulty in interacting with robots for some end users are some of the barriers which are hampering the growth of the warehouse robotics market.

Product-based Analysis

• Based on the type, the global warehouse robotics market is classified into mobile, fixed, gantry, and others. Among all the others, Mobile robots dominate the global warehouse robotics market, followed by articulated robots.

• Mobile robots are mostly used in the warehouse to sort electronic goods in their respective pallets. Articulated robots are widely used in various industries for assembling, and picking.

• Articulated robots are in demand for automation with time-saving, being the primary driver. Therefore, the reasons mentioned above are some of the key driving factors which may fuel the market over the forecast period.

• By function, the global warehouse robotics market is categorized into pick & place, order fulfillment, storage & retrieval Systems, goods consolidation, and packaging. Among all the others, Pick & place is the dominant function performed by warehouse robotics, followed by packaging. Moreover, advancing technology is adding fuel to the growth of the market.

• Furthermore, the global warehouse robotics market is divided into e-commerce, food & beverages, pharmaceuticals, Electronics, Paper, and others.

• Among all the others, E-commerce holds the maximum share of the warehouse robotics market. The market will grow the fastest in the food & beverage industry and will rank second in the percentage of warehouse robotics, which will take over the automotive industry.

• The reasons for growth in the food & beverage industry in Asia-Pacific & Europe are the increase in the deployment of robots in palletizing, deployment, and transportation.

Global Warehouse Robotics Market Geographical Share

• Geographically, the global warehouse robotics market is segmented into critical regions such as North America, South America, Europe, Asia Pacific, and the Rest of the World.

• Among all others, North America is the largest user of warehouse robotics, followed by Asia-Pacific. However, the Asia Pacific will dominate the warehouse robotics market due to increasing research and development and growing investments made by automotive companies.

Warehouse Robotics Market Companies and Competitive Analysis

• The players profiled in the report include Amazon Robotics, CIM Corp, Bastian, KNAPP AG, ABB Robotics, Fetch Robotics, Daifuku Co., Ltd., Siemens AG, Kuka, Dematic Corp are prominent players in the global warehouse robotics market.

• The market is highly consolidated with limited vital players in the market. This is because of high capital investments and R&D expenditures.

• Moreover, the majority share is held by North American companies owing to high technological advancements and high investments in this region.