Warehouse Robotics Market Size, Share, Industry, Forecast and outlook (2024-2031)

Warehouse Robotics Market is segmented By Type (Cartesian Robots, Mobile Robots, Articulated Robots, Cylindrical Robots, SCARA Robots, Parallel Robots), By Function (Pick & Place, Palletizing & De-palletizing, Transportation, Packaging), By End-User (Automotive, Consumer Electronics, E-commerce, Food and Beverages, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Warehouse Robotics Market Size

The Global Warehouse Robotics Market reached USD 4.5 billion in 2022 and is expected to reach USD 10.8 billion by 2031, growing with a CAGR of 15.5% during the forecast period 2024-2031. 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 beverages and electronics, are the vital market drivers for the warehouse robotics market.

According to surveys conducted by the Material Handling Institute, an industry trade association, the adoption of robotics in warehouses will rise by 50% or more over the next five years. The objective is automated orchestration, where a group of robots can move boxes and items in a seamless environment while being controlled by advanced software and artificial intelligence.

Mobile robots are expected to show tremendous growth in the forecast period growing, with a CAGR of more than 14% in the region like Asia-Pacific and North America. Furthermore, growth and demand for the products are expected to show significant growth in regions like South America and the Middle East and Africa.

Warehouse Robotics Market Scope

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Warehouse Robotics Market Dynamics

Rising E-Commerce Industry

The e-commerce boom has led to a substantial increase in order volume for retailers and fulfillment centers. Traditional manual processes struggle to keep up with the surge in demand, leading to challenges in timely order processing. Warehouse robotics addresses this challenge by automating various tasks, such as picking, sorting, and packing, allowing warehouses to handle larger order volumes efficiently.

Amazon Robotics is a prime example of how the rising e-commerce industry has driven the adoption of warehouse robotics. Amazon's vast network of fulfillment centers relies heavily on robotic systems to handle the enormous orders it receives. The company utilizes thousands of robots collaborating with human workers to expedite order fulfillment and improve operational efficiency. For instance, in 2022, Amazon debuted a fully autonomous warehouse robot.

High Initial Investment

The cost of purchasing or leasing robotic systems is a significant component of the initial investment. Depending on the complexity and capabilities of the robots, their prices can vary significantly. Advanced robots equipped with sophisticated sensors, AI algorithms, and autonomous navigation capabilities tend to be more expensive. The initial capital expenditure required to acquire robotic systems can be a deterrent for businesses with tight budgets.

Warehouse Robotics Market Segment Analysis

The Global Warehouse Robotics Market is segmented based on type, function, end-user and region.

Rising Demand For Streamline Workflow And Timely Handling Of Goods 

Pick & Place contributes more than 35% to the growth of the Global Warehouse Robotics Market for several reasons. The pick-and-place function is crucial in warehouse operations as it facilitates the movement of items within the facility. Whether it's picking products from shelves, bins, or conveyor belts or placing them in designated locations for storage, packaging, or shipping, the pick and place function streamlines the workflow and ensures accurate and timely handling of goods.

Companies are also investing in boosting the segmental growth of the market. For instance, in 2022, OSARO, known for robotic piece-picking solutions for e-commerce, announced a partnership with Geek+, a growing intelligent logistics partner together, to Integrate pick-and-place robots Warehouse Solutions.

Source: DataM Intelligence Analysis (2024)

Warehouse Robotics Market Geographical Share

North America’s Increasing E-Commerce Industry, Technological Advancements And  The Need To Enhance Operational Efficiency

The North American warehouse robotics market holds close to 40% of the global robotics market and has experienced robust growth in recent years and is expected to continue expanding. Factors such as the high concentration of e-commerce giants, technological advancements, and the need to enhance operational efficiency have contributed to the market's growth. Market reports show North America accounted for a significant Global Warehouse Robotics Market share.

Source: DataM Intelligence Analysis (2024)

Warehouse Robotics Market Companies

The major global players include ABB Ltd, Fetch Robotics, Inc., Locus Robotics, Omron Corporation, Honeywell International Inc., Siemens AG, Fanuc Corp., Kuka AG, Yaskawa Electric Corp. and Yamaha Robotics.

COVID-19 Impact on Warehouse Robotics Market

COVID Impact

The COVID-19 pandemic had a profound impact on the warehouse robotics market. It highlighted the importance of automation and accelerated the adoption of robotics solutions to address labor shortages, enhance operational efficiency, and build resilient supply chains. The pandemic acted as a catalyst for the transformation of warehouse operations, paving the way for a more automated and technology-driven future in logistics and e-commerce.

AI Impact 

Artificial intelligence (AI) has had a significant impact on the global warehouse robotics market, revolutionizing the way warehouses operate and enhancing their efficiency and productivity. AI algorithms enhance the accuracy of warehouse robotics systems. 

Computer vision technology enables robots to identify and classify objects, ensuring the correct picking and placing of items. AI-powered systems can also perform quality control checks, identifying damaged or defective products and preventing them from reaching customers.

Ukraine-Russia WarImpact 

The ongoing conflict between Ukraine and Russia has had indirect implications on the global warehouse robotics market due to its potential effects on global trade, supply chains, and geopolitical dynamics. The conflict can disrupt global supply chains, particularly if it affects critical transportation routes or key logistics hubs. Disruptions in supply chains can impact the availability of warehouse robotics components and equipment, leading to delays or constraints in manufacturing and deployment.

Furthermore, The war can directly impact the economies of Ukraine and Russia, potentially affecting their domestic markets and reducing business activities. A decline in economic activity in these regions may impact the demand for warehouse robotics solutions and slow market growth.

By Type

• Cartesian Robots
• Mobile Robots
• Articulated Robots
• Cylindrical Robots
• SCARA Robots
• Parallel Robots

By Function

• Pick & Place
• Palletizing & De-palletizing
• Transportation
• Packaging

By End-User

• Automotive
• Consumer Electronics
• E-commerce
• Food and Beverages
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On May 14, 2023, The French warehouse robotics expert Exotec will install its Skypod system in the warehouses of Auchan Retail Luxembourg. Its autonomous mobile robots (AMR) will take over tasks like order picking and storage.
• On March 28, 2022, Tompkins Robotics, a global pioneer in robotic automation of distribution and fulfillment operations and One Robotics, a leading manufacturer of 3D and AI-powered vision software, announced their partnership. Together, the two businesses will provide an automated picking solution that combines Tompkins Robotics' tSort technology and One Robotics' 3D and AI software.
• On October 13, 2021, Leading providers of vision software, Plus One Robotics, and Locus Robotics, the market leader in autonomous mobile robots (AMR) for distribution centers and fulfillment warehouses, announce a partnership to create an automated picking system that combines mobile robots and stationary picking arms. The cutting-edge, multi-platform robotic technology will increase efficiency in e-commerce fulfillment centers.

Why Purchase the Report?

• To visualize the Global Warehouse Robotics Market segmentation based on type, function, end-user and region- and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous warehouse robotics market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Warehouse Robotics Market Report would provide Approximately 61 Tables, 62 Figures And 190 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies