Warehouse Robotics Market

Warehouse Robotics Market Size, Share, Growth (2023-2028)

Warehouse Robotics Market Value  was around USD 2.3 billion by 2023. It is expected to grow at a CAGR of 12% to reach jointly to USD 4.5 billion by 2028.

Warehouse Robotics Market Drivers and Restraints:

Growing e-commerce industry. Need for improved quality and efficiency in warehouse activities. Increased adoption of warehouse robotics by SMEs.Active funding from venture capitalists is some of the drivers of this market. Whereas High setup costs and a lack of skilled workforce are some of the restraints of this market.

Recent Developments:

• Kawasaki Robotics launched "Successor," a new robotic system that reproduces the motions of professional technicians through remote cooperation.

• Yale launched a new robot in its robotic lift truck lineup — Yale MC10-15, capable of both horizontal transport and vertical motion. It can also autonomously retrieve or deposit pallets from high areas.

Warehouse Robotics Market Segmentation:

• By Type

• Mobile Robots

• Articulated Robots

• Cylindrical Robots

• SCARA Robots

• Parallel Robots

• Cartesian Robots

Mobile robots retained the most significant share of the warehouse robotics market in 2016 and are anticipated to develop at a high pace between 2017 and 2022. Mobile robots are commonly used by leading e-commerce businesses and are also being gradually introduced in warehouses run by manufacturing firms. The mobile robot adapts to modifications in item kinds and speeds, order prioritization, and order precision. Another main benefit of the mobile robot is a quicker return on investment (ROI), as it makes mobile robots simpler to set up and cheaper to run.

By Software

• Warehouse Management System

• Warehouse Control System

• Warehouse Execution System

Warehouse management system (WMS) represented the most significant share of the warehouse robotics industry in 2016 and is anticipated to expand at the lowest CAGR between 2017 and 2022. WMS is an extremely advanced company software that regulates the flow of inventory into, inside and outside a company's warehouse or various warehouses. High awareness among warehouse operators of the advantages provided by WMS is the main driver for the development of the WMS industry. WMS delivers benefits such as higher productivity, lower cost, enhanced space utilization, decreased inventory, and improved customer satisfaction.

By Function

• Pick and Place

• Palletizing and Depalletizing

• Transportation

• Packaging

By Payload Capacity

• 0.5 kg to 10 kg

• 11 kg to 80 kg

• 81 kg to 180 kg

• 181 kg to 900 kg

• More than 900 kg

The payload capability of 0.5 kg to 10 kg retained the most significant share of the warehouse robotics industry in 2016 and is projected to expand at the highest pace during the forecast period. In the warehouse robotics industry, e-commerce and food and drinks are incredibly demanding sectors. Many of these industries ' warehouse operators invest in robots with lower payload capability as these robots can manage larger packets efficiently and cost-effectively.

By Industry

• E-Commerce

• Automotive

• Electrical and Electronics

• Metal and Machinery

• Chemical, Rubber, and Plastic

• Food and Beverages

• Pharmaceuticals

• Others (textile, paper)

Online shoppers are anticipated to achieve 1.62 billion in 2018 from 1.08 billion in 2013, according to the United Nations Conference on Trade and Development (UNCTAD). The fast increase in the number of clients shopping online has been the main exponential factor in the development of the e-commerce sector.

Warehouse Robots Market Regional Analysis:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

During the forecast period, North America is anticipated to hold the most significant share of the warehouse robotics industry. North American players emphasize modernizing their crops and equipment with sophisticated techniques. Also, emphasis on workers ' security, higher adoption of warehouse automation techniques, and a substantial number of established players drive North America's demand for the warehouse robotics industry. Asia-Pacific (APAC) is anticipated to be the fastest-growing region in the warehouse robotics market between 2017 and 2022. Countries like China and Japan have the most significant automotive manufacturing base. Increasing manufacturing facilities, increasing national product demand, constant upgrading, and enhanced warehouse effectiveness are essential variables in APAC's warehouse robotics market development.

Warehouse Robotics Market Target Audience:

• Technical universities

• System integrators

• Warehouse robotics companies

• Warehouse robotics providers

• Managed security service providers

• Research and development companies

Warehouse Robotics Market Key Market Players:

The key market players in this market are

1. Fanuc Corp. (Japan)

2. Kuka AG (Germany)

3. ABB Ltd. (Switzerland)

4. Yaskawa Electric Corp. (Japan)

5. Amazon.com, Inc. ( US)

6. Bleum (US)

7. Fetch Robotics (US)

8. BlueBotics SA (Switzerland)

9. SSI Schafer (Germany)

10. Daifuku Co. Ltd. (Japan)

11. Dematic Corp. (US)

12. Vanderlande Industries Inc. (US)

13. Intelligent Robots Ltd (London)