Global Warehouse Robotics Market By Component, By Software, By Type, By Function, By Payload Capacity, By Industry: Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2023 – 2031
- Industry: Semiconductors & Electronics
- Report ID: TNR-110-946
- Number of Pages: 420
- Table/Charts : Yes
- November, 2023
- Base Year : 2024
- No. of Companies : 10+
- No. of Countries : 29
- Views : 10210
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Global Warehouse Robotics Market was Worth US$ 6.1 Billion in 2022, Anticipated to Gain CAGR of 11.5% from 2023-2031.
Warehouse robotics involves the use of automated machines and robots to perform tasks within a warehouse or distribution center. These robots are designed to handle tasks such as picking, packing, sorting, and transporting goods, improving efficiency, accuracy, and speed in logistics and e-commerce operations.
Among components, robotic arms segment dominated the warehouse robotics market in 2022 due to their central role in performing various tasks such as picking, sorting, and palletizing. The demand for versatile robotic arms is increasing across industries to automate material handling processes. The International Federation of Robotics (IFR) reported that sales of industrial robots, including robotic arms, were on the rise globally.
Global Warehouse Robotics Market Revenue & Forecast, (US$ Million), 2015 – 2031COVID-19 Impact Analysis on Global Warehouse Robotics Market
Pre-COVID-19, the warehouse robotics market was steadily growing due to rising e-commerce demands and the need for operational efficiency. However, post-COVID-19, the market experienced accelerated growth as the pandemic underscored the importance of automation in logistics and supply chain management. Warehouses faced higher demand and labor challenges, prompting increased adoption of robotics to meet surges in online orders, ensure social distancing, and enhance supply chain resilience. This shift reinforced the role of warehouse robotics as a crucial solution for addressing evolving market dynamics and maintaining efficient warehouse operations.
Report Coverage and Deliverables:
One major driver for the warehouse robotics market has been the escalating labor costs and shortages in many regions. Labor constitutes a substantial portion of operational expenses in warehousing. For instance, in the US, warehouse workers’ wages have been steadily increasing, with hourly earnings in the sector rising by over 30% from 2010 to 2020. Additionally, labor shortages, exacerbated by factors like the aging workforce and the COVID-19 pandemic, have further strained warehouse operations. As a result, companies are turning to robotics to automate tasks and reduce dependence on human labor, improving cost-efficiency and productivity.
An important restraint in the adoption of warehouse robotics market is the initial high implementation costs. While the long-term benefits are evident, the upfront expenses can be significant. For example, a study by the International Federation of Robotics found that the average payback period for a robotic system in warehousing was about three to four years. These initial investments include not only the cost of the robotic hardware and software but also expenses related to system integration and employee training. Smaller businesses, in particular, may find these costs prohibitive, delaying their entry into the robotics-driven warehousing landscape.
By function, picking & placing robots segment in the warehouse robotics market held the largest share due to their central role in automating order fulfillment processes. These robots excel in picking items from shelves, bins, or conveyor belts and placing them into containers or onto conveyors for further processing. The demand for efficient and accurate picking solutions was high, driven by the growth of e-commerce.
North America recorded highest market share in the global warehouse robotics market in 2022. This dominance was attributed to the strong presence of key warehouse automation players, the rapid adoption of robotics and automation technologies across industries, and the substantial investment in modernizing warehousing infrastructure. The region’s mature e-commerce sector and the need to meet high consumer demands further fueled the demand for warehouse robotics. According to a report by the Robotics Industries Association (RIA), North America was experiencing substantial growth in robot installations in various applications, including warehousing.
Competitive Landscape: Global Warehouse Robotics Market:
- ABB
- Daifuku Co., Ltd.
- FANUC America Corporation
- Geekplus Technology Co., Ltd.
- GreyOrange
- Honeywell International Inc.
- KION GROUP AG
- KUKA AG
- Murata Machinery, Ltd.
- Omron Corporation
- Toyota Industries Corporation
- Other Industry Participants
Report Summary of Global Warehouse Robotics Market
Report Specifications | Details |
Market Revenue in 2022 | US$ 6.1 Billion |
Market Size Forecast by 2031 | US$ 14.20 Billion |
Growth Rate (CAGR) | 11.5% |
Historic Data | 2015 – 2021 |
Base Year for Estimation | 2022 |
Forecast Period | 2023 – 2031 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Component, By Software, By Type, By Function, By Payload Capacity, By Industry |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | ABB, Daifuku Co., Ltd., FANUC America Corporation, Geekplus Technology Co., Ltd., GreyOrange, Honeywell International Inc., KION GROUP AG, KUKA AG, Murata Machinery, Ltd., Omron Corporation, Toyota Industries Corporation, Other Industry Participants |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
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Global Warehouse Robotics Market:By Component
- Safety Systems
- Communication Systems
- Job Control Systems
- Traffic Management Systems
- Battery Charging Systems
- Sensors
- Controllers
- Drives
- Robotic Arms
By Software
- Warehouse Management Systems (WMS)
- Warehouse Control Systems (WCS)
- Warehouse Execution Systems (WES)
By Type
- Autonomous Mobile Robots
- Automated Guided Vehicles
- Articulated Robots
- Cylindrical & SCARA Robots
- Collaborative Robots
- Other Types
By Function
- Picking & Placing
- Palletizing & De-Palletizing
- Transportation
- Sorting & Packaging
By Payload Capacity
- Less Than 20 Kg
- 20-100 Kg
- 100-200 Kg
- More Than 200 Kg
By Industry
- Automotive
- Semiconductor & Electronics
- Chemical
- E-Commerce
- Food & Beverage
- Healthcare
- Metals & Heavy Machinery
- Other Industries
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Table of Contents
**Exclusive for Multi-User and Enterprise User.
Global Warehouse Robotics Market Segmentation
By Component
By Software
By Type
By Function
By Payload Capacity
By Industry
By Region
**Note: The report covers cross-segmentation analysis by region further into countries
The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.
Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.
Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.
Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:
- Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
- Demand Side Analysis: To gain insights into adoption trends and consumer preferences, we reach out to target customers and users (non-vendors). This information forms a vital part of the qualitative analysis section of our reports, covering market dynamics, adoption trends, consumer behavior, spending patterns, and other related aspects.
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The forecasts we provide are based on a comprehensive assessment of various factors, including:
- Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
- Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
- Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
- Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
- New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
- Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
- End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
- Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
- Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.
Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.