The global warehouse robotics market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing demand of robotic system for warehouses for reducing the operational cost and time and to increasing the throughput of warehouse operations.
Warehouse robots are specific automated robots used for conducting crucial warehouse tasks, such as transportation, picking, and sorting. Over recent years, they have combined with additional processing capabilities and advanced sensors. This robots are well supported by warehouse management systems to help in exploit their efficiency. As a result of these improvements, warehouse robots are quickly establishing themselves as a vital part of the supply chain.
The combination of warehouse and robotics technology has helped to safeguard that there is precision and computerization while boosting the warehouse storage space and operation efficiency.
The COVID-19 pandemic outbreak had a considerable impact on market. Lockdown imposed by government bodies resulted in supply chain disruption and rate of online distribution increases which hampered the market. However, need for automation in warehouse increased as warehouse operators are trying to introduce more products while maintaining social distancing norms. Further, pandemic situation is bringing new opportunities in the market such as, use of warehouse robots in online distribution.
Market Trends, Drivers, Restraints, and Opportunities
- Rising awareness regarding safety, demand for automation, and need of superior quality production are some of the key factors driving the market growth.
- Combining effect of the boost in e-commerce and retail industry is projected to drive the market expansion during the forecast period.
- Escalating cost of initial investment along with high cost of training the employees on utilizing it, which acts as a major challenge that can restrict the market growth in the coming years.
- Lack of awareness about robotics system as well as difficulty in interacting with robots can hamper the market growth during the projected timeline.
- Integrating collaborative robots with machine learning for enhanced security and less human involvement during work is projected to create significant growth opportunities for the market.
Scope of Warehouse Robotics Market Report
The report on the global warehouse robotics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Warehouse Robotics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Healthcare, Consumer Electronics, E-commerce, Food & Beverage, Automotive, and Others), Payload Capacities (Below 10 kg, 11 kg to 80 kg, 81 kg to 400 kg, 401 kg to 900 kg, and Above 900 kg), Products (Cartesian Robots, SCARA Robots, Articulated Robots, Parallel Robots, Mobile Robots, and Cylindrical Robots), Software (Warehouse Execution System, Warehouse Management System, and Warehouse Control System), and Functions (Transportation, Pick & Place, Packaging, and Palletizing & De-palletizing)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Honeywell Intelligrated; OMRON Corp.; Fetch Robotics, Inc.; Daifuku Co., Ltd.; KNAPP AG.; ABB Ltd.; KUKA AG; YASKAWA ELECTRIC Corp.; Bastian Solutions, Inc.; and Dematic
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Warehouse Robotics Market Segment Insights
Boost in the number of online shopping customers drive the e-commerce segment
Based on applications, the market is segmented into healthcare, consumer electronics, e-commerce, food & beverage, automotive, and others. The e-commerce segment is expected to grow at a rapid pace during the forecast period attributed to boost in the number of online shopping customers and their growing demands for fast delivery of orders in an intact and defined form. However, the healthcare segment is anticipated to expand at a substantial CAGR in the coming years due to continuous technological advancements in pharmaceutical and medicine industry.
11kg to 80kg segment is projected to expand at considerable CAGR
In terms of payload capacities, the global warehouse robotics market is divided into below 10 kg, 11 kg to 80 kg, 81 kg to 400 kg, 401 kg to 900 kg, and above 900 kg. The below 10 kg segment is expected to account for a major market share during the projected timeline owing to use of robots with lower payload capacities for carrying majority of the items in a typical facility catering various industry verticals.
On the other hand, the 11 kg to 80 kg segment is projected to expand at a considerable CAGR during the forecast period due to high rate of investment by industry operators such as, consumer electronics and automotive.
Capability of robots increases the cartesian robots segment market share
On the basis of products, the market is segregated into cartesian robots, SCARA robots, articulated robots, parallel robots, mobile robots, and cylindrical robots. The cartesian robots segment is estimated to account for a significant market share during the forecast period attributed to capability of these robots to efficiently accomplish warehouse operations, including loading & unloading, material handling, and picking & placing.
However, the SCARA robots segment is anticipated to grow at a high CAGR during the projected period due to the boost in the demand of robots for their ability of providing accuracy and high speed in tasks.
Warehouse management system segment is expected to expand at robust growth rate
Based on software, the global warehouse robotics market is divided into warehouse execution system, warehouse management system, and warehouse control system. The warehouse management system segment is estimated to expand at robust growth rate during the forecast period owing to its facility for managing the overall processes and activity in a warehouse. Moreover, along with warehouse management, it also helps in the work of order selection, shipping, receiving, and cycle counting, which presents a major factor driving the segment.
On the other hand, the warehouse control system segment is projected to expand a considerable CAGR during the forecast period attributed to the investment in these system by various organization for managing consumers and complexity of the facility.
Enhancement in packaging by robots drive the packaging segment
In terms of functions, the market is fragmented into transportation, pick & place, packaging, and palletizing & de-palletizing. The packaging business intelligence segment is estimated to account for a major market share during the forecast period owing to enhancing the packaging performance by installing sustainable and future-proof solutions.
Furthermore, organizations are replacing their physical case packing by robotic case packing and using robots at length for loading containers into the form fill seal machines, which is projected to accelerate the segment growth further. On the other hand, the palletizing & de-palletizing segment is expected to expand at a robust CAGR in the coming years due to operators are automating tasks such as, manual palletizing with the help of a robotic arm.
North America is anticipated to constitute a key market share
In terms of region, the global warehouse robotics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to increase of new technologies at a higher rate combined with vital presence of warehouse operatives in the region.
However, the Asia Pacific market is anticipated to grow at a rapid pace during the forecast period due to the economic growth of countries in the region leading to rising use of warehouse robotics in manufacturing sector.
Segments
The global warehouse robotics market has been segmented on the basis of
Applications
- Healthcare
- Consumer Electronics
- E-commerce
- Food & Beverage
- Automotive
- Others
Payload Capacities
- Below 10 kg
- 11 kg to 80 kg
- 81 kg to 400 kg
- 401 kg to 900 kg
- Above 900 kg
Products
- Cartesian Robots
- SCARA Robots
- Articulated Robots
- Parallel Robots
- Mobile Robots
- Cylindrical Robots
Software
- Warehouse Execution System
- Warehouse Management System
- Warehouse Control System
Functions
- Transportation
- Pick & Place
- Packaging
- Palletizing & De-palletizing
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Honeywell Intelligrated
- OMRON Corp.
- Fetch Robotics, Inc.
- Daifuku Co., Ltd.
- KNAPP AG.
- ABB Ltd.
- KUKA AG
- YASKAWA ELECTRIC Corp.
- Bastian Solutions, Inc.
- Dematic
Competitive Landscape
Key players competing in the global warehouse robotics market are Honeywell Intelligrated; OMRON Corp.; Fetch Robotics, Inc.; Daifuku Co., Ltd.; KNAPP AG.; ABB Ltd.; KUKA AG; YASKAWA ELECTRIC Corp.; Bastian Solutions, Inc.; and Dematic
Companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, in February 2020, Covariant the U.S. based artificial intelligence robotic firm announced a partnership with ABB Ltd. This partnership was aimed to bring AI-enabled robotics solutions to the market.
In July 2021, a subsidiary of Omron Corp. Omron Automation Americas, has launched a heavy-duty mobile robot. This robot is with a payload capacity of 1500 Kg so it can carry can handle bulky objects.
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