Warehouse Robotics Global Market Size, Share, By Product Type, By Application, By End User, By Regional Outlook and Forecast 2024-2033 | ABB Ltd., Fanuc Corporation, Amazon Robotics LLC, Kion Group AG, Fetch Robotics Inc.

Warehouse Robotics Market

Overview and Scope
Warehouse robotics is a broad phrase that refers to the various automated devices and systems which can be used to improve speed, efficiency, and accuracy in a warehouse. The warehouse robotics are also used to transport materials, perform various tasks, and streamline or automate warehouse processes.

Sizing and Forecast
The warehouse robotics market size has grown rapidly in recent years. It will grow from $4.82 billion in 2023 to $5.53 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to labor shortage, government support, growth in the industrial sector, decreasing cost of robotic hardware, improved warehouse safety.

The warehouse robotics market size is expected to see rapid growth in the next few years. It will grow to $9.47 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing demand for e-commerce and third-party logistics (3pl) providers, rapid industrialization in emerging economies, rising demand for automation in warehouses, rising awareness about enhanced safety at the workplace, esg (environmental, social, and governance) considerations. Major trends in the forecast period include collaborative robots (cobots), ai-driven automation, autonomous mobile robots (amrs), strategic and collaborative partnerships with various start-up companies, last-mile delivery robots.

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Segmentation & Regional Insights
The warehouse robotics market covered in this report is segmented –
1) By Type: SCARA Robots, Cylindrical Robots, Parallel Robots, Mobile Robots, Gantry Robots, Stationery Articulated Robots
2) By System Type: Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System, Swisslog Carry Pick
3) By Function: Pick And Place, Assembling Dissembling, Transportation, Packaging
4) By End-User: E-Commerce, Automotive, Food And Beverages, Electronics And Electrical, Metal And Machinery, Pharmaceuticals, Other End-Users

North America was the largest region in the warehouse robotics market share in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the warehouse robotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The growing e-commerce industry is driving the growth of the warehouse robotics market. E-commerce, or online shopping, is a business concept that allows individuals and businesses to buy and sell goods and services via the Internet. The e-commerce sector is the most transformative industry which necessitates automated warehouse robots to automate manual material transportation in any facility and optimize warehouse operations. For example, according to the US Census Bureau’s Department of Commerce, retail e-commerce sales in the USA reached $222.5 billion in the second quarter of 2021, up by 3.3% from the first quarter. Therefore, the growing e-commerce industry is projected to increase the demand for the warehouse robotics market over coming years.

Key Industry Players
Major companies operating in the warehouse robotics market include ABB Ltd., Honeywell International Inc., Fanuc Corporation, Amazon Robotics LLC, KUKA Aktiengesellschaft, Yaskawa Electric Corporation, Attabotics Inc., Omron Corporation, Daifuku Co. Ltd., Toshiba Corporation, Yamaha Robotics, Locus Robotics Corporation, Bastian Solutions LLC, GreyOrange Pte. Ltd., Kion Group AG, Fetch Robotics Inc., SSI Schaefer Systems International Holding AG, Swisslog Holding AG, Knapp AG, Dematic Corp., IAM Robotics LLC, Vecna Robotics Inc., Geek Plus Robotics Co. Ltd., Magazino GmbH, RightHand Robotics Inc., Boston Dynamics Inc., Clearpath Robotics Inc., Mobile Industrial Robots ApS, Seegrid Corporation, Universal Robots A/S, Waypoint Robotics Inc., BlueBotics SA, Energid Technologies Corporation, Kinova Inc., Soft Robotics Inc., Tompkins Robotics LLC

The warehouse robotics: ukraine-russia war market report table of contents includes:
1. Executive Summary