Warehouse Robotics Market by Type (AMR, AGV, Articulated, Cylindrical, SCARA, COBOT, Parallel, Cartesian), Payload Kg (<20, 20-100, 100-200, >200), Function (Transportation, Pick & Place, Palettizing, Packaging), Industry, Region - Global Forecast to 2028
The warehouse robotics market is estimated to be worth USD 6.1 billion in 2023 and is projected to reach USD 10.5 billion by 2028, at a CAGR of 11.4% during the forecast period. The increasing need for improving the quality and reliability of operations in warehouses is one of the major drivers that fuel the market growth.
Warehouse Robotics Market Forecast to 2028
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Warehouse Robotics Market Dynamics
Driver: Rise in funding from venture capitalists in warehouse robotics
The warehouse robotics market has witnessed a substantial increase in funding from venture capitalists. This influx of capital is driven by the growing demand for automation and robotics solutions in the logistics and warehousing industry. Venture capitalists recognize the market's potential for high returns on investment due to factors like increased efficiency, cost reduction, and improved operational processes. The funding enables robotics companies to innovate and develop cutting-edge technologies, expand their market presence, and drive industry growth. Overall, the surge in venture capital funding indicates strong investor confidence in the warehouse robotics market.
Restraint: High setup costs and infrastructure requirements
Warehouse robotics often entail high setup costs due to the sophisticated technology involved and the need for specialized equipment and infrastructure. These costs include the purchase or lease of autonomous mobile robots, installation of supporting hardware such as sensors and conveyors, and implementation of advanced software systems for navigation and coordination. Additionally, training personnel to operate and maintain these robotic systems also adds to the initial investment.
Opportunity: Transformation of warehouses through the integration of industry 4.0 and warehouse robotics
The evolution of traditional warehouses into smart and connected automated warehouses is underway, driven by the integration of Industry 4.0 with warehouse robots. While the automotive industry has been a major user of robotics, other sectors such as pharmaceutical manufacturing, food processing, metal fabrication, and packaging are recognizing the effectiveness of warehouse robots and increasing their deployment. Industry 4.0 aims to create an operational environment where humans and robots can collaborate, allowing robots to receive instructions and respond to their surroundings.
Challenge: Concerns regarding cybersecurity of Connected Robotics in the Industry 4.0
The advent of Industry 4.0 has brought connectivity to production processes, including the integration of collaborative robots. However, this connectivity exposes these processes to heightened cybersecurity risks. Robots can become vulnerable if they are not equipped with up-to-date software and proper network administration. Inadequate security measures can lead to industrial espionage, malware installations, and automated attacks.
Warehouse Robotics Market Ecosystem
The section describes the warehouse robotics ecosystem and the adoption of security solutions in different end-use products and solutions, along with the impact of emerging technologies on them. The market mapping explains a network of R&D institutes, robot manufacturers, system integrators, and end users involved in the complete ecosystem of warehouse robotics market.
The market for AGVs by type to hold second-largest market share during the forecast period
The growth of the AGV segment can be attributed to the increased use of these vehicles in numerous industries, such as automotive, manufacturing, aerospace, and 3PL, to carry heavy loads in less time. The selection of the type of AGV depends on the industry’s requirements and where it is to be used. Customized and hybrid AGVs are being manufactured to cater to the varied requirements of end users and are expected to contribute to the growth of this segment during the forecast period.
Sorting & Packaging by function held the second-largest CAGR during the forecast period
The rise of robotics in warehouses has revolutionized packaging and sorting processes, enhancing efficiency and productivity. These automated systems streamline operations, enabling faster order fulfillment and accurate product categorization, leading to improved customer satisfaction.
E-commerce and 3PL by industry to witness highest CAGR during forecast period
Warehouse robotics have become increasingly popular in the logistics industry, especially for third-party logistics (3PL) providers and e-commerce companies. These advanced robotic systems are revolutionizing the way warehouses operate, offering increased efficiency, accuracy, and productivity.
Asia Pacific held to register highest CAGR in the warehouse robotics market during forecast period
The Asia Pacific region is one of the key markets for warehouse robotics market. The increasing adoption of warehouse robots by SMEs in the region is a major driver for the market in region. Several companies in the region are actively involved in the development, production, and distribution of warehouse robotics. The technology continues to advance, and its applications are expanding to new areas, promoting safety, efficiency, and innovation in the region.
Warehouse Robotics Market by Region
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Key Market Players
The overall warehouse robotics companies is dominated by Daifuku Co., Ltd. (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), FANUC CORPORATION (Japan), Geekplus Technology Co., Ltd. (China), GreyOrange (US), TOYOTA INDUSTRIES CORPORATION (Japan), Omron Corporation (Japan), JBT (US), Honeywell International Inc. (US), Murata Machinery, Ltd. (Japan), Yaskawa Electric (Japan), Knapp (Austria), SSI Schaefer (Germany), Teradyne (US), Hikrobot (China), Shopify (Canada) ,Scallog (France), Locus Robotics (US), Zebra Technologies (US), Vecna Robotics (US), IAM Robotics (US), inVia Robotics (US) and Magazino (Germany). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the market.
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Report Metric |
Details |
| Estimated Value | USD 6.1 billion in 2023 |
| Projected Value | USD 10.5 billion by 2028 |
| Growth Rate | CAGR of 11.4% |
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Market size available for years |
2019–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD Million/Billion) |
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Segments covered |
By Type, By Function, Payload Capacity, Industry, and Region |
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Geographies covered |
North America, Europe, Asia Pacific, and Rest of World |
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Companies covered |
The major players in the warehouse robotics market are Daifuku Co., Ltd. (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), FANUC CORPORATION (Japan), Geekplus Technology Co., Ltd. (China), GreyOrange (US), TOYOTA INDUSTRIES CORPORATION (Japan), Omron Corporation (Japan), JBT (US), Honeywell International Inc. (US), Murata Machinery, Ltd. (Japan), Yaskawa Electric (Japan), Knapp (Austria), SSI Schaefer (Germany), Teradyne (US), Hikrobot (China), Shopify (Canada) ,Scallog (France), Locus Robotics (US), Zebra Technologies (US), Vecna Robotics (US), IAM Robotics (US), inVia Robotics (US) and Magazino (Germany). |
Warehouse Robotics Market Highlights
The study segments the warehouse robotics market By Type, By Function, Payload Capacity, Industry, and Region
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Segment |
Subsegment |
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By Type |
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By Function |
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By Payload Capacity |
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By Industry |
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By Region |
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Recent Developments
- In May 2023, KUKA (Germany) launched the KR CYBERTECH series Edition robot makes the perfect choice for cost-effective automation of handling and basic machining tasks. The multi-talented KR CYBERTECH feeds components into assembly processes, checks workpiece quality, and grinds and polishes metal parts. Its flexibility makes it particularly popular in a wide range of industries, including the dynamic metal and electronics industries.
- In May 2023, FANUC Corp. (Japan), the world leader in CNCs, robotics, and ROBOMACHINEs introduced two new high-payload capacity collaborative robots, and demonstrate a wide range of automation solutions at Automate 2023. The CRX-25iA cobot will demonstrate its enhanced 30kg payload capacity by easily handling a 30kg kettlebell with full wrist articulation.
- In February 2023, KION Group has entered into a strategic partnership with Li-Cycle Holdings Corp. (“Li-Cycle”), an industry leader in lithium-ion battery resource recovery. KION Group and Li-Cycle held a signing ceremony at KION GROUP AG’s Frankfurt headquarters to finalize the definitive agreement for the partnership. It will initially remain in place until 2030. According to the agreement, the environmentally friendly recycling of lithium-ion batteries will begin in the second half of this year. KION Group brands sell such batteries worldwide with their electric industrial trucks and automated warehouse logistics solutions.
Frequently Asked Questions (FAQ):
What is the current size of the global warehouse robotics market?
The warehouse robotics market is estimated to be worth USD 6.1 billion in 2023 and is projected to reach USD 10.5 billion by 2028, growing at a CAGR of 11.4% during the forecast period.
Who are the winners in the global warehouse robotics market?
Daifuku Co., Ltd. (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), are some of the global winners in warehouse robotics market.
Which region is expected to hold the highest market share?
Asia Pacific is expected to dominate the warehouse robotics market during forecast period due to rising adoption of warehouse automation from SMEs; increasing demand for e-commerce, expanding manufacturing sector, and rising labor costs are driving businesses and high economic growth and adoption of automation in region.
What are the major opportunities related to the warehouse robotics market?
Rising demand for last-mile delivery with autonomous mobile robots and potential growth in customization and application of autonomous mobile robots are major opportunities related to warehouse robotics market.
What are the major strategies adopted by market players?
The key players have adopted product launches, acquisitions, and partnerships to strengthen their position in the warehouse robotics market.
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The research study involved 4 major activities in estimating the size of the warehouse robotics market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, and investor presentations of companies, white papers, and articles from recognized authors. Secondary research was mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, and regional outlook and developments from both market and technology perspectives.
Primary Research
In the primary research, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative insights required for this report. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, equipment manufacturers, technology and innovation directors, end users, and related executives from multiple key companies and organizations operating in the warehouse robotics market ecosystem.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches were used along with several data triangulation methods to estimate and forecast the overall market segments and subsegments listed in this report.
Estimating market size by bottom-up approach (demand side)
The bottom-up approach has been used to arrive at the overall size of the warehouse robotics market from the revenues of key players and their shares in the market. Key players have been identified on the basis of several parameters, such as product portfolio analysis, revenue, R&D expenditure, geographic presence, and recent activities. The overall market size has been calculated based on the revenues of the key players identified in the market.
Market Size Estimation Methodology-Bottom-up Approach
Data Triangulation
After arriving at the overall market size through the process explained earlier, the total market has been split into several segments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both the top-down and bottom-up approaches.
Market Definition
Warehouse robotics are used to automate different warehouse functions, such as transportation, picking and placing, packaging, and palletizing and de-palletizing. The use of warehouse robots reduces the need for human intervention and increases the efficiency of warehouse operations. They find applications in various industries, such as e-commerce, automotive, electrical & electronics, food & beverage, and pharmaceutical.
Stakeholders
- Robotics material and component providers
- Integrators and installers of warehouse robotics
- Warehouse robot and solution providers
- Consulting companies
- Warehouse robotic software providers
- Warehouse robotic-related associations, organizations, forums, and alliances
- Government and corporate bodies
- Research institutes and organizations
- Venture capitalists, private equity firms, and start-ups
- Distributors and traders
- Warehouse operators in various industries, such as e-commerce, automotive, chemical, food & beverage, metals & machinery, and electrical & electronics
The main objectives of this study are as follows:
- To define, describe, and forecast the warehouse robotics market, in terms of value, based on type, function, payload capacity, industry, and geography
- To define, describe, and forecast the warehouse robotics market, in terms of volume, based on type
- To forecast the market size, in terms of value, for various segments, with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
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To provide detailed information regarding the major factors influencing the growth of
the warehouse robotics market (drivers, restraints, opportunities, and industry-specific challenges) - To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market
- To analyze opportunities for the market players by identifying high-growth segments of the warehouse robotics market
- To benchmark players operating in the market using the proprietary “Company Evaluation Matrix” framework, which analyzes market players on various parameters within the broad categories of market rank and product offering
- To strategically profile the key players and comprehensively analyze their market shares and core competencies2 and provide a detailed competitive landscape for market leaders
- To track and analyze competitive developments such as partnerships, collaborations, agreements, and joint ventures; mergers and acquisitions; expansions; and product launches in the warehouse robotics market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Country-wise Information:
- Analysis for additional countries (up to five)
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in Warehouse Robotics Market