Warehouse Robotics Industry worth $10.5 billion by 2028
The report "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 expected to reach USD 10.5 billion by 2028 from USD 6.1 billion in 2023, at a CAGR of 11.4% during the 2023–2028 period. The major factor driving the market growth of the warehouse robotics is growing adoption of warehouse robotics by small- and medium-sized enterprises (SMEs) and rapid developments in robotics and artificial intelligence.
Browse 177 market data Tables and 52 Figures spread through 277 Pages and in-depth TOC on "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"
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AMRs by type to witness the highest CAGR of the warehouse robotics market during the forecast period.
Equipped with advanced sensors and software, AMRs can safely and efficiently transport goods, fulfill orders, and manage inventory. Their flexibility and scalability make them an appealing choice for warehouses seeking to optimize operational efficiency and adapt to evolving market demands. Autonomous mobile robots make processes and workflows more efficient and productive. AMRs do not require route planning as they will move efficiently and safely through a given space on their own. Mobile Robots use a complex array of sensors, artificial intelligence, machine learning, and computing for path planning to interpret and move around their environment without colliding with obstacles and selecting the most efficient route.
Transportation by function is anticipated to capture the largest market share in the warehouse robotics market.
By automating transportation tasks, these robots streamline operations, enhance productivity, and minimize human intervention, leading to improved efficiency in warehouse management. Manufacturing companies, third-party logistics providers, and independent warehouse operators are increasingly relying on efficient inbound and outbound transportation to remain competitive in the market. In a demanding warehouse and distribution environment, the internal transportation of goods and products needs to be done efficiently and cost-effectively.
20-100kg segment by payload capacity to dominated warehouse robotics market during forecast period.
Robots with payload capacity ranging from 20 kg to 100 kg are used in warehouse operations because of their compact size and high utility. Articulated, cartesian, collaborative, SCARA, and mobile robots are examples of some of the robots that fall into this category. Advancements in navigation systems and collaborative features have further driven their adoption by enhancing safety and facilitating seamless human-robot interaction in warehouse environments.
Asia Pacific is expected to register the highest CAGR during the forecast period in the warehouse robotics market.
The economic growth of Asia Pacific has increased the use of warehouse robotics in the manufacturing and retail industries. The increase in the number of production facilities and rising domestic demand for products are the major factors driving the growth of the warehouse robotics market in the region and have boosted market growth.
The report profiles key players such as 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) and Honeywell International Inc. (US).
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