Global Warehouse Robotics Market – Industry Trends and Forecast to 2031

Global Warehouse Robotics Market, By Product Type (Autonomous Mobile Robot (AMR), Articulated Robots, Cylindrical Robots, SCARA Robots, Collaborative Robots, Parallel Robots, Cartesian Robots, and Others), Payload Capacity (Less Than 20Kg, 20-100Kg, 100-300Kg, and Greater Than 300Kg), System Type (Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System, and Swisslog Carrypick), Components (Programmable Logic Controller, Microprocessors and Microcontrollers, Actuators, Sensors and RF Module), Software (Warehouse Management System, Warehouse Execution System, Warehouse Control System, and Others), Function (Pick and Place, Assembling and Dissembling, Transportation, Sorting and Packaging, and Others), Industry (E-Commerce, Automotive, Electrical and Electronics, Metal and Machinery, Chemical, Rubber, Plastics, Food and Beverage, Pharmaceutical, and Others) – Industry Trends and Forecast to 2031.

Warehouse Robotics Market Analysis and Size

The warehouse robotics market is witnessing rapid advancement, revolutionizing logistics with automation. These innovations offer significant benefits, such as increased efficiency, accuracy, and cost savings. Robots employ cutting-edge technology to streamline operations, optimize space utilization, and enhance overall productivity. As demand surges, the sector continues to evolve, promising even greater efficiency gains in the future.

Data Bridge Market Research analyses that the global warehouse robotics market size was valued at USD 8.91 billion in 2023, is projected to reach USD 24.30 billion by 2031, with a CAGR of 13.36% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation       

Market Definition

Warehouse robotics refers to implementing automated machines and systems within warehouse facilities to optimize and streamline various tasks such as picking, packing, and sorting of goods. These robotics solutions utilize technologies such as AI, machine learning, and sensors to enhance warehouse operations' efficiency, accuracy, and speed, revolutionizing the logistics industry.

Warehouse Robotics Market Dynamics

Drivers

• Safety and Risk Mitigation

Automating tasks traditionally handled by humans, warehouse robotics enhances safety standards by minimizing the risk of workplace accidents and injuries. Robots reduce human exposure to hazardous conditions by operating in controlled environments, ensuring a safer work environment. This risk mitigation underscores robotics's pivotal role in enhancing overall warehouse safety.

• Integration with Other Technologies

Warehouse robotics seamlessly integrate with IoT, cloud computing, and big data analytics, fostering interconnected and intelligent warehouse ecosystems. For instance, IoT sensors on robots enable real-time monitoring of inventory levels, while cloud computing facilitates data storage and processing for enhanced decision-making. Big data analytics analyze operational patterns, optimizing workflows and resource allocation. Integrating this system optimizes warehouse operations, enabling agile responses to demand changes and precise adaptation to market trends.

Opportunities

• Increased Accuracy and Efficiency

Robots boost warehouse efficiency by delivering precise and consistent performance in inventory management, order picking, and packing tasks. Their reliability ensures improved accuracy, minimizing errors and optimizing operational flow. This enhanced efficiency translates to streamlined processes, faster order fulfillment, and, ultimately, higher productivity within warehouse operations.

• Rising E-commerce

The exponential growth of e-commerce has drastically increased order volumes and accelerated delivery demands. To meet these challenges, warehouses are turning to robotics to efficiently manage tasks such as order picking, sorting, and packaging. For instance, Amazon utilizes warehouse robots in its fulfillment centers to autonomously transport shelves of products to workers, reducing picking time and enabling faster order processing. This integration of robotics optimizes warehouse operations, ensuring timely deliveries amidst the e-commerce boom.

Restraints/Challenges

• Workforce Displacement Concerns

Integrating robots in warehouses raises job displacement concerns, leading to resistance from labor unions and workers fearing unemployment. Fear of technological substitution and its impact on livelihoods may lead to pushback against automation initiatives. Addressing these concerns requires proactive measures to mitigate workforce displacement and ensure smooth transitions in the labor market.

• High Initial Investment Costs

Adopting warehouse robotics requires significant upfront investment covering procurement and installation of robotic systems, impacting financial planning. This financial outlay poses a significant obstacle, particularly for smaller businesses or those constrained by limited capital, potentially impeding their ability to leverage robotics technology to enhance warehouse operations and efficiency.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2023, Honeywell International Inc. inaugurated a cutting-edge research and development facility aimed at advancing its technology, benefiting warehouse and logistics firms across Europe. The market is poised for growth with an uptick in such developments enhancing operational efficiency
• In 2022, a partnership was formed between GEODIS and Locus Robotics to deploy 1,000 LocusBots across GEODIS' worldwide warehouses within 24 months, enhancing operational efficiency and scalability
• In 2021, Honeywell launched robotic pallet unloading technology. This innovation reduces the risk of workplace injuries while mitigating the effects of labor shortages. The technology enhances efficiency by automating pallet unloading processes, ensuring smoother operations within various industries

Warehouse Robotics Market Scope

The market is segmented on the basis of product type, type, payload capacity, system type, components, software, function, and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Autonomous Mobile Robot (AMR)
• Articulated Robots
• Cylindrical Robots
• SCARA Robots
• Collaborative Robots
• Parallel Robots
• Cartesian Robots
• Others

 Payload Capacity

• Less than 20Kg
• 20-100Kg
• 100-300Kg
• Greater than 300Kg

 System Type

• Knapp Open Shuttle
• Locus Robotics System
• Fetch Robotics Freight
• Scallog System
• Swisslog Carrypick

 Components

• Programmable Logic Controller
• Microprocessors and Microcontrollers
• Actuators
• Sensors
• RF Module

 Software

• Warehouse Management System
• Warehouse Execution System
• Warehouse Control System
• Others

 Function

• Pick and Place
• Assembling and Dissembling
• Transportation
• Sorting and Packaging
• Others

 Industry

• E-Commerce
• Automotive
• Electrical and Electronics
• Metal and Machinery
• Chemical
• Rubber
• Plastics
• Food and Beverage
• Pharmaceutical
• Others

Warehouse Robotics Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by product type, type, payload capacity, system type, components, software, function, and industry as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

Asia-Pacific will register the highest growth rate in the warehouse robotics market, fueled by increasing production facilities, automation demand in retail and manufacturing, and robust economic growth in the region's countries during the forecast period.

North America is expected to dominate the warehouse robotics market, continuing its trend during the forecast period. This stems from the region's major player presence, growing warehouse operatives, and increased adoption of advanced robotic technologies.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Warehouse Robotics Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

• ABB (Switzerland)
• KUKA AG (Germany)
• FANUC CORPORATION (Japan)
• YASKAWA ELECTRIC CORPORATION (Japan)
• KION GROUP AG (Germany)
• Daifuku Co., Ltd. (Japan)
• Geekplus Technology Co., Ltd. (China)
• Grey Orange Pte. Ltd. (U.S.)
• Murata Machinery, Ltd. (Japan)
• OMRON Corporation (Japan)
• ATS Corporation (Canada)
• Honeywell International Inc. (U.S.)
• Rockwell Automation Inc. (U.S.)
• Hitachi, Ltd. (Japan)
• Mobile Industrial Robots (Denmark)