Warehouse robotics involves the utilization of automated systems, robots, and specialized software to streamline and automate various tasks in warehouses. Robotics has gained considerable importance in supply chain, distribution center, and warehouse management, playing a pivotal role in warehouse automation. Warehouse robotics encompasses the use of specialized software and automated robotic technology to carry out daily warehousing operations. It offers streamlined and automated processes in various industries including e-commerce, automotive, electrical & electronics, metal and machinery, chemical, rubber, plastics, food and beverage, pharmaceuticals, and more.
According to Data Bridge Market Research, the Warehouse Robotics Market accounted for USD 7.86 billion in 2022, and expected to reach USD 21.43 billion by 2030. The market is expected to grow with a CAGR of 13.36% in the forecast period of 2023 to 2030.
“Increased focus on efficient and effective software solutions”
The future market growth is expected to be driven by the increasing adoption of technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning. These technologies have already made a significant impact on the warehousing industry and are anticipated to further contribute to its expansion. In the past decade, there has been a rising demand for specialized software solutions to monitor staff activity, warehouse operations, and inventory movement. Consequently, software specialists are continuously striving to introduce new functionalities and advancements to enhance software solutions in this field.
What restraints the growth of the warehouse robotics market?
“High costs will derail the market growth rate”
The market growth may face obstacles due to the high costs associated with initial investments and deployment. Small and medium-scale industries, with limited incomes, often struggle to access technologically advanced warehouse robots. Additionally, fluctuations in raw material prices, coupled with high maintenance costs, can create further hindrances to the market's expansion.
Segmentation: Global Warehouse Robotics Market
The warehouse robotics market is segmented on the basis of product type, type, payload capacity, system type, components, software, function, and industry.
- On the basis of product type, the warehouse robotics market is segmented into autonomous mobile robot (AMR), technology, laser/LIDAR, vision guidance, others, articulated robots, cylindrical robots, SCARA robots, collaborative robots, automated guided vehicles (AVR).
- On the basis of type, the warehouse robotics market is segmented into pallet trucks and light load AGVS, forklifts, towing AGV, unit load AGV and other load AGV.
- On the basis of payload capacity, the warehouse robotics market is segmented into less than 20kg, 20-100kg, and 100-300kg, greater than 300kg.
- On the basis of components, the warehouse robotics market is segmented into programmable logic controller, microprocessors and microcontrollers, actuators, sensors, RF module.
- On the basis of software, the warehouse robotics market is segmented into warehouse management system, warehouse execution system, warehouse control system, others.
- On the basis of function, the warehouse robotics market is segmented into pick and place, assembling and dissembling, transportation, sorting and packaging, others.
- On the basis of industry, the warehouse robotics market is segmented into e-commerce, automotive, electrical and electronics, metal and machinery, chemical, rubber, plastics, food and beverage, pharmaceutical, others.
- On the basis of technology, the warehouse robotics market is segmented into magnetic tape, inductive, laser, vision-based system, optical tape, others, parallel robots, cartesian robots.
Regional Insights: North America dominates the Warehouse Robotics Market
North America dominates the market because the major factors attributable to the region’s dominance are the presence of major players in the region, the growing number of warehouse operatives, and the increased proliferation of advanced robotic technologies.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the growing number of production facilities, rising demand for automation in retail and manufacturing sectors, and notable economic growth and development of countries in this region.
To know more about the study visit, https://www.databridgemarketresearch.com/de/reports/global-warehouse-robotics-market
Recent Developments in Warehouse Robotics Market
- In 2019, Amazon, Inc. deployed about 100,000 robotics systems across about 25 U.S. fulfilment sites. The company additionally installed 800 Pegasus and Xanthus robotic systems in a few fulfilment facilities later in the year and increased the robotic drive to roughly 200,000 robots globally.
- In 2021, Honeywell announced the availability of robotic pallet unloading technology, which lowers the risk of injury and lessens the impact of labour shortages.
- In 2022, A new expansion deal to install 1,000 LocusBots in GEODIS' global warehouse locations over the following 24 months was announced by the two parties.
The Prominent Key Players Operating in the Warehouse Robotics Market Include:
- ABB (Switzerland)
- KUKA AG (Germany)
- FANUC CORPORATION (Japan)
- YASKAWA ELECTRIC CORPORATION. (Japan)
- KION GROUP AG (Germany)
- Daifuku Co., Ltd. (Japan)
- Geekplus Technology Co., Ltd. (China)
- Grey Orange Pte. Ltd. (U.S.)
- Murata Machinery, Ltd. (Japan)
- OMRON Corporation (Japan)
- ATS Corporation. (Canada)
- Honeywell International Inc. (U.S.)
- Rockwell Automation, Inc. (U.S.)
- Hitachi, Ltd. (Japan)
- Mobile Industrial Robots (Denmark)
Above are the key players covered in the report, to know about more and exhaustive list of warehouse robotics companies contact, https://www.databridgemarketresearch.com/de/contact
Research Methodology: Global Warehouse Robotics Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
