Warehouse Robotics Market

Warehouse Robotics Market was estimated at USD 5,358.3 Million in 2022 and projected to grow at 14% CAGR during the forecast period and is projected to reach USD 15,284.p million in 2030.

Overview of the Warehouse Robotics Market Report

Warehouse robots are specialized automated robots used to complete essential tasks such as picking, sorting, and transportation. Warehouse robotics will improve safety for workers as they take over the dangerous job which can put workers at risk. Robotics has gained traction in the supply chain, distribution center, and warehouse management and plays a significant role in warehouse automation.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global warehouse robotics market include technological advancement and the increasingly competitive business landscape that is forcing modern business warehouses to consider the use of robotics. With the ability to increase productivity, accuracy, and operational efficiency, warehouse robots have become indispensable to efficient warehouse operations. Moreover, the E-commerce industry has a large stock in their warehouses to cater to the increasing demand from online platforms. A robotics system has emerged as an effective solution to handle the order fulfillment process and ensure rapid delivery efficiently. In addition, sensors such as audio and visual sensors, thermal and haptical sensors have made robots safer. Thermal sensors measure ambient temperature on a surface and haptical sensor robot to perceive touch. AI and machine learning from these sensors will allow robots to make decisions based on their surroundings’ input and increase the demand for the warehouse robotics market. In addition, according to International Federation of Robotics, the use of robots in factories is 126 robots per 10,000 employees in 2021.

Restraint in the Warehouse Robotics Market

However, high capital investment is required to set up and install warehouse robots. Warehouse owners must redesign their infrastructure to support the warehouse robotics system to operate efficiently, which is a costly process. These issues may hamper the global warehouse robotics market.

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Type – Segment Analysis

Based on the type, AMR is expected to grow at the fastest rate in the global warehouse robotics market during the forecast period. Autonomous mobile robots can identify the information on the package and can move throughout the warehouse. It can create its own route based on the operation needed and reroute when necessary to avoid the obstacles. For instance, IAM robotics develops ‘Bolt’ AMR with free-range navigation, speed up to 2 m/s, saving 75% of working time, and zero-turn radius. It can run up to 20 hours and has a large payload capacity of 300 kg. It is equipped with an infrared obstacle detection sensor for unrestricted movement.

Function – Segment Analysis

Based on the function, the transportation segment is projected to capture the largest market share during the forecast period. Robots can easily reduce the most laborious and time-consuming tasks for workers. It can quickly move pallets and bins and perform and transport itself. For instance, automatic guided vehicles can move batches of picked goods and heavy loads along a pre-programmed route without any assistance. It helps transport materials, supplies, and inventory and replaces manually driven forklifts and pick carts.

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Regional – Segment Analysis

Based on the region, Asia Pacific region is expected to capture a significant market share in the global warehouse robotics market in 2020 due to the rising trend of online retail shopping and the investment in development of robotics. The rising number of start-ups in countries like India and China will further propel the market growth. For instance, Peppermint, an industrial robotics startup has raised Rs 5 crore in funding from Venture Catalyst. For instance, ForwardX Robotics Inc., of China develops AMRs with visual perception to localize, map, and navigate through the environment. It manufactures robots for industries such as beauty & cosmetics, automation, e-commerce, grocery, health care & pharma, and omnichannel retail.

Top Market Players

Various notable players operating in the market include ForwardX Robotics, IAM Robotics, Toshiba Corporation, Kiva Systems, Yamaha Robotics, Honeywell International Inc., Omron Corporation, Seimens AG, Fetch Robotics, Locus Robotics, and among others.

Key Developments:

• • In 2021, ABB launched GoFa higher payload collaborative or cobot robots for tasks up to 5kg. It is designed to work directly and safely along with humans. It offers a speed of 2.2 meters per second with an executive solution for various applications, including material handling, machine tending, component assembly, packaging, and inspection
  • In 2020, Omron corporation launched a new mobile robot HD-1500 with a heavy payload capacity of 1500kg. It can be used to transport large automotive components such as car chassis and large payloads.

Segments Covered in the Report:

The global warehouse robotics market has been segmented on the basis of type, function, end-User, and regions. Based on type, the market is segmented into AMR, AGV, Articulated Robots, Collaborative Robots, and Others. Based on function, the market is segmented into Storage, Packaging, Transportation, and Others. Based on end-user, the market is segmented into Food and Beverage, Automotive, Retail, Electronics, Pharmaceutical, and Others.

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Key questions answered in this research report:

• • At what pace is global Warehouse Robotics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Warehouse Robotics market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Warehouse Robotics market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What is the various function of global Warehouse Robotics market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Warehouse Robotics Market by Type

• • AMR
  • AGV
  • Articulated Robots
  • Collaborative Robots
  • Others

Global Warehouse Robotics Market by Function

• • Storage
  • Packaging
  • Transportation
  • Others

Global Warehouse Robotics Market by End-User

• • Food and Beverage
  • Automotive
  • Retail
  • Electronics
  • Pharmaceutical
  • Others

Global Warehouse Robotics Market by Region

• • North America Warehouse Robotics Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Function
    • By End-User
    • US Market All-Up
    • Canada Market All-Up

  • Europe Warehouse Robotics Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Function
    • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Warehouse Robotics Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Function
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Warehouse Robotics Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Function
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Warehouse Robotics (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ForwardX Robotics
  • IAM Robotics
  • Toshiba Corporation
  • Kiva Systems
  • Yamaha Robotics
  • Honeywell International Inc.
  • Omron Corporation
  • Seimens AG
  • Fetch Robotics
  • Locus Robotics