Warehouse Robotics Market

The global warehouse robotics was valued at $4,400.0 million in 2020 and is projected to reach $15,792.0 million by 2030, growing at a CAGR of 13.2% from 2021 to 2030. 

The COVID-19 outbreak has affected the growth of the precast construction market owing to the lockdown measures in the countries and delay in manufacturing and supply of precast construction components which are utilized in residential, commercial, and industrial spaces.

Warehouse robotics refers to the use of automated systems, robots, and specialized software to move various tasks, and streamline automate warehouse process. Warehouse robotics systems are used in various industry verticals such as e-commerce, automotive, pharmaceuticals, metal machineries, food & beverages, and others. In recent years, robotics has gained prominence in the supply chain, distribution center, and warehouse management circles and continues to play a significant role in warehouse automation, which is expected to boost the growth of the warehouse robotics market.

Warehouse automation offers benefits such as reduced labor costs, increase in speed, and high efficiency and accuracy. The key factor behind the growth of the warehouse robots is the increase in demand for automation due to the prevailing competition in e-commerce. Success in e-commerce depends on who can deliver the right quality, at the right time, in the right place and who can meet their customers’ expectations. The rise in e-commerce and faster delivery times force supply chain and logistics companies to ship orders as early as possible.

Warehouse robotics has reduced the time and effort required to scan and update inventory, pack packages, arrange items on the shelves, and other related tasks in a short amount of time. The increase in collaboration of warehouse robotics with e-commerce drives the growth of the global warehouse robotics market.

Major players such as ABB Ltd., Omron Corporation, Fanuc Corporation, and others are adopting the product launch strategy to improve their product portfolio to maintain competition in the market. For instance, in November 2020, Fanuc Corporation developed and launched the robot R-2000Id/210FH with cables embedded, as the latest model of the best-selling of R-2000i series. Such instances are expected to provide lucrative opportunities for the major players for the growth of the market.

The COVID-19 pandemic forced many companies in the global warehouse robotics market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global warehouse robotics market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months has affected the global warehouse robotics market and the market is anticipated to witness a slow recovery during the forecast period.

However, the initial higher costs related to training & deployment, lack of awareness, the threat of job, and difficulty in interacting with the robot by some end users, are anticipated to hamper the growth of the warehouse robotics market. Conversely, increase in automation and industrialization is anticipated to provide lucrative opportunities for the growth of the global warehouse robotics market.

The global warehouse robotics market is segmented into product type, function, and end user. By product type, the market is divided into mobile robots, articulated robots, SCARA robots, cylindrical robots, parallel robots, and cartesian robots. By function, it is classified into pick & place, assembling & dissembling, transportation, and packaging. By end user, the market is categorized into e-commerce, automotive, electrical & electronics, metal and machinery, chemical, rubber & plastics, food & beverages, pharmaceuticals, and others. 

By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region is expected to hold the highest market share during the forecast period. 

Competition Analysis

The key players profiled in the market report include ABB Ltd., Fanuc Corporation, Kuka AG, Yaskawa, Electric Corp., Amazon Robotics (Amazon.Com Inc.), Yamaha Robotics, Fetch Robotics Inc, Locus Robotics, Omron Corporation, Honeywell International Inc, and Siemens AG.

Major players are adopting product launch and acquisition as key developmental strategies to improve the product portfolio of warehouse robots. For instance, in April 2019, Amazon.com Inc acquired Canvas Technology, based in the U.S. that deals in robotics solutions for $100 million. The acquisition aimed to make innovative robotics solutions for warehouse applications. 

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging global warehouse robotics market trends and dynamics.  
• In-depth market analysis is conducted by the global warehouse robotics market estimations for key market segments between 2020 and 2030. 
• Extensive analysis of the global warehouse robotics market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The global warehouse robotics market forecast analysis from 2021 to 2030 is included in the report.
• The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global warehouse robotics market. 

 Warehouse Robotics Market Report Highlights