SAN FRANCISCO, Aug. 22, 2023 /PRNewswire/ -- The global warehouse robotics market size is anticipated to reach USD 17.29 billion by 2030, exhibiting a CAGR of 19.6% over the forecast period, according to a new report published by Grand View Research, Inc. The expansion of the e-commerce industry, rising labor costs, and the need for greater efficiency and accuracy in warehouse operations fuel the growth of the market.
Key Industry Insights & Findings from the report:
- The cartesian robots are expected to witness a CAGR of approximately 20% in the product segment from 2023 to 2030. The factors such as accuracy, precision, and ability to handle heavy loads is expected to fuel the growth.
- In terms of function, the transportation segment is anticipated to grow at the fastest CAGR of 20.4% over the forecast period. The growth is attributed to increased demand for sorting, loading, and unloading goods from robots.
- The 11 kg to 80 kg warehouse robots is likely to witness a CAGR of approximately 20% from 2023 to 2030. The ability to efficiently handle medium and heavy-weight items in manufacturing, healthcare, food, beverages, and other industries is expected to support the growth.
- The software segment is estimated to experience a CAGR of approximately 21% over the forecast period. The segment is divided into a warehouse management system, a warehouse control system, and a warehouse execution system.
- The healthcare industry is anticipated to witness the fastest CAGR of approximately 21% in the application segment from 2023 to 2030. The growth is attributed to the continuous developments and increased implementation of robots in the healthcare sector to perform a variety of tasks in healthcare warehouses.
Read 171 page market research report, "Warehouse Robotics Market Size, Share & Trends Analysis Report By Product, By Function (Pick & Place, Transportation, Packaging), By Payload Capacity, By Component, By Software, By Application, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.
Warehouse Robotics Market Growth & Trends
The e-commerce sector is witnessing remarkable growth due to technological advancements. Technologies like Virtual Reality (VR), Augmented Reality (AR), blockchain technology, Machine Learning (ML), and Artificial Intelligence (AI) are enhancing the shopping experience. Thus, companies seek new methods to enhance operations and logistics while reducing delivery time and costs.
Robots offer a smart, cost-efficient alternative to human labor by automating warehouses catering to the increasing need of the e-commerce sector. The robots help companies to maintain employee safety standards and enhance production quality by performing various tasks such as handling the incoming consignment, picking, packing, slotting, shipping, and asset tracking by saving considerable time and effort.
The COVID-19 pandemic impacted the warehouse robotics industry substantially in terms of the demand for robotics and the supply chain of the robotics industry. However, the need for efficient and contactless order fulfillment and labor shortage due to lockdowns fueled the demand for robots and other automation tools in business operations. The market has shown rising demand and continuously growing as companies invest heavily in research and development activities to improve existing technologies and launch advanced robots.
The initial investment of the robotic set-up into the warehouse is high, creating significant challenges for small and mid-sized companies. Furthermore, implementing robots in warehouse operations is affecting labor jobs. The rising adoption of robots is expected to affect employment and wages, affecting the further growth of the warehouse robotics industry over the forecast period.
Warehouse Robotics Market Report Scope
Report Attribute | Details |
Market size value in 2023 | USD 4.93 billion |
Revenue forecast in 2030 | USD 17.29 billion |
Growth rate | CAGR of 19.6% from 2023 to 2030 |
Base year for estimation | 2022 |
Historical data | 2018 - 2021 |
Forecast period | 2023 - 2030 |
Warehouse Robotics Market Segmentation
Grand View Research has segmented the global warehouse robotics market based on product, function, payload capacity, component, software, application, and region:
Warehouse Robotics Market - Product Outlook (Revenue, USD Million, 2018 - 2030)
- Mobile Robots
- Articulated Robots
- Cylindrical Robots
- Scara Robots
- Parallel Robots
- Cartesian Robots
Warehouse Robotics Market - Function Outlook (Revenue, USD Million, 2018 - 2030)
- Pick & Place
- Palletizing & De-palletizing
- Transportation
- Packaging
Warehouse Robotics Market - Payload Capacity Outlook (Revenue, USD Million, 2018 - 2030)
- Below 10 kg
- 11 kg to 80 kg
- 81 kg to 400 kg
- 401 kg to 900 kg
- Above 900 kg
Warehouse Robotics Market - Component Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware
- Software
Warehouse Robotics Market - Software Outlook (Revenue, USD Million, 2018 - 2030)
- Warehouse Management System
- Warehouse Control System
- Warehouse Execution System
Warehouse Robotics Market - Application Capacity Outlook (Revenue, USD Million, 2018 - 2030)
- E-commerce
- Automotive
- Consumer Electronics
- Food & Beverage
- Healthcare
- Others
Warehouse Robotics Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Latin America
- Brazil
- Mexico
- MEA
List of Key Players in the Warehouse Robotics Market
- ABB
- Bastian Solutions LLC
- Daifuku Co. Ltd.
- Dematic
- Fetch Robotics Inc.
- Honeywell International Inc
- KNAPP AG
- KUKA AG
- OMRON Corporation
- YASKAWA Electric Corporation
- FANUC Corporation
Check out more market research studies published by Grand View Research:
- Industrial Robotics Market - The global industrial robotics market size is expected to reach USD 60.56 billion by 2030, expanding at a CAGR of 10.5% from 2023 to 2030, according to a new study by Grand View Research, Inc. The increasing trend of mass production, predominantly in the manufacturing of automobiles, electronics, and packaged food, among others, is expected to drive market growth. For instance, in March 2022, Ford Motor Company integrated industrial robots in its factories to operate 3D printers which produced small car parts.
- Space Robotics Market - The global space robotics market size is expected to reach USD 5.71 billion by 2027, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Space robotics is gaining traction in recent years owing to the growing exploration of outer space; the need for operations & maintenance of satellites, space stations, and other platforms; and the need for saving cost and mitigating safety issues. Furthermore, the rising trend of using autonomous systems and Artificial Intelligence (AI) technology in robotics is widening the horizon of space exploration.
- Collaborative Robots Market - The global collaborative robots market size is anticipated to reach USD 11.04 billion by 2030, exhibiting a CAGR of 32.0% over the forecast period, according to a new report published by Grand View Research, Inc. The growth can be credited to the growing inclination of industries toward collaborative robots or cobots to automate manufacturing processes.
Browse through Grand View Research's Next Generation Technologies Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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