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At what pace is the industrial robots (warehousing and storage robots) market growing, and what is its estimated value?
The industrial robots (warehousing and storage robots) market size has grown rapidly in recent years. It will grow from $7.51 billion in 2024 to $8.68 billion in 2025 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to industrialization, food safety and regulations, cold chain logistics, environmental concerns.
The industrial robots (warehousing and storage robots) market size is expected to see rapid growth in the next few years. It will grow to $15.13 billion in 2029 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to population growth, expansion of retail and e-commerce, increasing demand for process cooling, cold storage for Chemicals and biotechnology, retrofit and replacement market. Major trends in the forecast period include technological advancements, green refrigerants, iot and smart refrigeration, cold chain optimization, modular and scalable solutions, hybrid refrigeration systems.
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What are the top drivers to the rising demand in the industrial robots (warehousing and storage robots) market?
The accelerated movement of goods inside the warehouse drove the industrial robots in the warehouse and storage market. The increase in the movement of goods is due to the boom in the e-commerce industry and their commitment to shortest-time delivery. Industrial robots are used to speed up the process in the warehouse and storage industry. For instance, in 2022, Geodis signed an expanded agreement with Locus Robotics, an autonomous mobile robots (AMRs) supplier, to deploy 1,000 AMR robots at warehouses globally. Additionally, in September 2023, according to the International Federation of Robotics, a Germany-based non-profit organization, there were 553,052 industrial robot installations in factories globally, reflecting a year-on-year growth rate of 5% in 2022. The accelerated movement of goods inside the warehouse drove the industrial robots in the warehouse and storage market.
How is the industrial robots (warehousing and storage robots) market segmented?
The industrial robots (warehousing and storage robots) market covered in this report is segmented –
1) By Product Type: Mobile Robots, Articulated Robots, Cylindrical Robots, SCARA Robots, Parallel Robots, Cartesian Robots
2) By Function: Pick And Place, Palletizing And De-palletizing, Transportation, Packaging
3) By Application: E-commerce, Automotive, Consumer Electronics, Food And Beverage, Healthcare, Other Applications
Subsegments:
1) By Mobile Robots: Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs)
2) By Articulated Robots: 6-Axis Robots, 7-Axis Robots, 5-Axis Robots
3) By Cylindrical Robots: Single-Axis Cylindrical Robots, Multi-Axis Cylindrical Robots
4) By SCARA Robots: 4-Axis SCARA Robots, 5-Axis SCARA Robots
5) By Parallel Robots: Delta Robots, Hexapod Robots
6) By Cartesian Robots: Linear Cartesian Robots, Gantry Robots
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Who are the top competitors in the industrial robots (warehousing and storage robots) market?
Major companies operating in the industrial robots(warehousing and storage robots) market include ABB Ltd., Yaskawa Electric Corp, KUKA AG (Keller und Knappich Augsburg), Fanuc Corp., Mitsubishi Electric Corporation, Amazon, Honeywell Intelligrated, Omron Corporation, Fetch Robotics Inc., Fanuc Corp, Bastian Solutions, Yamaha Robotics, Siemens AG., Locus Robotics, Daifuku Co. Ltd., Dematic, KNAPP AG, AGVE Group, BlueBotics SA, Clearpath Robotics, GreyOrange, IAM Robotics, inVia Robotics, Kardex Group, KION Group AG, Kiva Systems, Kollmorgen, Magazino GmbH, MiR (Mobile Industrial Robots), RightHand Robotics, SSI SCHAEFER, Swisslog Holding AG, Teradyne Inc., Vecna Robotics, Vanderlande Industries BV, Zebra Technologies Corp.
How will evolving trends contribute to the growth of the industrial robots (warehousing and storage robots) market?
Major companies operating in industrial robots in the warehousing and storage market are focusing on innovative solutions such as autonomous warehouse robotics systems to enhance warehouse efficiency and productivity through advanced automation solutions. An autonomous warehouse robotics system is a technology framework that utilizes robotic systems capable of performing various warehouse tasks, such as picking, packing, and transporting goods, with minimal or no human intervention to enhance operational efficiency and productivity. For instance, in March 2024, LG Electronics, a South Korea-based consumer electronics company, launched the LG CLOi CarryBot, an autonomous mobile robot designed to optimize warehouse operations by streamlining material handling and improving efficiency. The robot features advanced autonomous navigation, integration with warehouse management systems, and a high runtime with autonomous dock charging capabilities. This innovation is significant as it enables precise, reliable delivery and minimizes physical strain on workers while enhancing overall productivity in warehouse environments.
Which regional trends are influencing the industrial robots (warehousing and storage robots) market, and which area dominates the industry?
Asia-Pacific was the largest region in the industrial robots market in 2023. Western-Europe was the second-largest region in the global industrial robots market. The regions covered in the industrial robots(warehousing and storage robots) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Industrial Robots (Warehousing and Storage Robots) Market Report 2025 Offer?
The industrial robots (warehousing and storage robots) market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Industrial robots in warehousing and storage refer to automated robots, systems that are used in warehouses, and related services. Warehouse and storage robots perform various tasks and automate the warehouse process. Industrial robots in warehousing and storage are used to do tasks such as lifting and arranging heavy products that are to be stored in racks or given spaces.
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