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The world of logistics and supply chain operations is undergoing rapid transformation at several levels of warehouse robotics. An especially important trend is the development of modular and expandable robotic systems. Most companies want flexible solutions that can be fitted into extant warehouse infrastructures and expanded or contracted as demand changes. From a flexible point of view, modular robotic systems enable companies to design solutions targeted for specific needs. This suits them well to today's changing supply chain needs.
Collaborative robotics, in which humans and robots work together in the same space is also gaining popularity. The move away from fully automated systems is also one that requires human control over decision-making because the robots are precise and effective. Cobots, or collaborative robots can help raise productivity. In addition, they are more secure than the traditional industrial robot and create a friendlier environment in which man and machine can live and work together.
Another major trend is the application of artificial intelligence (AI) and machine learning (ML) to warehouse robotics. Robots use advanced algorithms to learn from experience, adjust themselves to changing environments, and improve their operations over time. For example, robots equipped with artificial intelligence can make intelligent judgments like the reasonable allocation of picking routes and even making reservations for maintenance in advance to avoid unexpected breakdowns. They not only facilitate increased production but also reduce downtime.
Meanwhile, micro-fulfillment centers are chiefly driving a transformation of the warehouse robotics market. Given the increasing need to fill orders faster and closer to home, businesses are going hog wild for smaller, fully automated fulfillment centers located in urban environments. These micro-fulfillment centers are equipped with warehouse robotics to help them quickly store and deliver high velocity, small batches of shipping. As consumer demand for quicker more convenient home delivery is increasing, these centers provide both an opportunity and a challenge to traditional distribution channels.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Increasing technology improvementsGrowing demand for automation in the logistics and supply chain sectors |
| Market Dynamics | The increasing quantity of things shipped worldwideThe rise of more advanced technologies in robotics |
Warehouse Robotics Market Highlights:
Global Warehouse Robotics Market Overview:
Warehouse Robotics Market Size was valued at USD 5.7 Billion in 2023. The Warehouse Robotics market industry is projected to grow from USD 6.1 Billion in 2024 to USD 16.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.10% during the forecast period (2024 – 2032). Increasing e-commerce business and the increasing demand for warehouse activities to be efficient and cost-effective are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Warehouse Robotics Market Trends
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Growing number of e-commerce industries is driving the market growth
Market CAGR for warehouse robotics is driven by the increasing number of e-commerce because an abundance of online resources has spawned new forms of media. Marketers are getting a leg up on improving the buying experience because of developments in technologies like virtual reality (VR), blockchain technology, machine learning (ML), and artificial intelligence (AI). Warehouse robotics industry participants are always on the lookout for innovative ways to cut down on overhead, speed up deliveries, and protect employees from harm. By automating warehouses for online retailers, robots provide efficient and low-cost substitutes for human workers. As a result, the expansion of the online retail sector is expected to fuel the market's development. Demand for warehouse robotics is expected to rise due to the issues mentioned above in the future.
Additionally, Robots are being used in the logistics industry to automate processes, including loading, delivering, and unloading. Companies in the warehouse business are increasingly investing in automation technology to lessen their reliance on human laborers. The robots also save time and effort by eliminating the need for human involvement in mundane, repetitive tasks. Moreover, Companies are using mobile robots because they need more efficient and cost-effective solutions in logistics and warehousing to increase output and profits. Mobile robots are also increasingly used in fields like manufacturing, healthcare, retail, and agriculture because they are easy to move around and can run themselves. Therefore, the increasing prevalence of warehouse robotics is fueling the expansion of the international market.
For instance, ABB introduced the "ABB Robotic Depalletizer" to complete depalletizing operations in sectors as varied as healthcare, e-commerce, logistics, and consumer packaged products. This new solution utilizes machine vision technology to rapidly evaluate a wide range of box types, allowing clients to effectively process a wide range of loads with minimal engineering work and quick set-up time. As a result, the demand for warehouse robotics is predicted to grow throughout the forecasted time due to the rising demand for automobiles. Thus, the driving factor is the warehouse robotics market revenue.
Warehouse Robotics Market Segment Insights:
Warehouse Robotics Type Insights
The Warehouse Robotics Market segmentation, based on type, includes mobile robots, articulated robots, cylindrical robots, SCARA robots, parallel robots, and Cartesian robots. In 2022, the mobile robots segment led the warehouse robotics market in revenue because they needed more efficient and cost-effective solutions in logistics and warehousing to boost output and profits.
Warehouse Robotics Software Insights
The Warehouse Robotics Market segmentation, based on software, includes a warehouse management system, warehouse control system, and warehouse execution system. The warehouse management system is anticipated to grow at a CAGR of 13.50% over the projected period, making up the largest market share because the software sub-segment warehouse management system tools help cut down on the amount of work that has to be done by hand for warehouse operations as a whole. So, the need for warehouse operations to be more efficient and for people to make fewer mistakes has helped the warehouse management system sub-segment grow.
Figure 1: Warehouse Robotics Market by Software, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Warehouse Robotics Function Insights
The Warehouse Robotics Market segmentation, based on function, includes pick & place, palletizing & de-palletizing, transportation, and packaging. The pick & place industry is anticipated to grow at a CAGR of 13.50% over the projected period because robot technology is always improving, making them faster, more accurate, and more useful for pick-and-place tasks.
Warehouse Robotics Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American warehouse robotics market will dominate due to the rapid growth in the number of warehouses that use robots. In addition, the government is helping to improve the infrastructure for warehouse robotics in businesses like e-commerce, pharmaceuticals, and machinery.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Warehouse Robotics Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe’s warehouse robotics market accounts for the second-largest market share due to the presence of significant players and cutting-edge technology. Further, the warehouse robotics market held the largest market share, and the UK warehouse robotics market was the fastest-growing market in the European region.
The Asia-Pacific warehouse robotics market is expected to grow at the fastest CAGR from 2024 to 2032 because more warehouse robots will be installed, and more money will be spent on research and development. Moreover, China’s warehouse robotics market held the largest market share, and the Indian warehouse robotics market was the fastest-rising market in the Asia-Pacific region.
Warehouse Robotics Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the warehouse robotics market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's global footprint, with important market developments including new product launches, contractual agreements and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the warehouse robotics industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the global warehouse robotics industry to benefit clients and increase the market sector. In recent years, the warehouse robotics industry has offered some of the most significant technological advancements. Major players in the warehouse robotics market, including ABB Ltd. (Switzerland), Fanuc Corp. (Japan), Kuka AG (Germany), Yaskawa Electric Corp. (Japan) Inc. (U.S), Bluem (U.S), Fetch Robotics (U.S), BlueBotics SA (Switzerland), SSI Schafer (Germany), Daifuku C0. Ltd (Japan), Dematic Corp. (U.S), Vanderlande Industries Inc. (U.S), Intelligent Robots Ltd (London), and others are attempting to grow market demand by investing in research and development operations.
ABB is at the cutting edge of electrification and automation technology, which pave the way for a greener and less wasteful future. ABB's Robotics & Discrete Automation division offers high-quality products and services for robotics, machine, and industrial automation. Customers benefit from our comprehensive automation solutions, application experience across many industries, and global footprint. Investing $150 million in a state-of-the-art robotics plant in Shanghai is just one example of how we're prioritizing innovation alongside our significant work in artificial intelligence, an ecosystem of digital collaborations, and an increase in production and research capacity. In January 2023, ABB is developing a strategic partnership with Boliden, a Swedish mining and smelting firm, to include copper with a small carbon impact into EMS equipment and high-efficiency electric motors. The goal is to hasten the shift toward a more circular economy and cut down on emissions of greenhouse gases.
Dematic's intelligent automated solutions for the manufacturing, warehouse, and distribution industries are empowering and sustainable, and the company is committed to supporting them into the future. The Dematic global network of over 11,000 personnel has enabled roughly 8,000 international client installations for some of the world's largest companies, with R&D engineering centers, manufacturing facilities, and service centers in more than 35 countries. Dematic is a subsidiary of KION Group, a global provider of industrial tractors and logistics services with headquarters in Atlanta. We're a group that constantly evolves and creates new things. We value creative thinking. Diversity of thought and experience is highly valued here. In March 2022, Dematic stated that they had automated a small parts warehouse for Siemens System Engineering Plant (WKC) in Chemnitz, Germany. The facility cranks out control gears and specialized electrical components for export. The firm anticipates using more than 1,270,000 unique raw materials to manufacture its software in one year.
Key Companies in the Warehouse Robotics Market include
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ABB Ltd. (Switzerland)
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Fanuc Corp. (Japan)
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Kuka AG (Germany)
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Yaskawa Electric Corp. (Japan)
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Bluem (U.S)
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Fetch Robotics (U.S)
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BlueBotics SA (Switzerland)
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SSI Schafer (Germany)
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Daifuku C0. Ltd (Japan)
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Dematic Corp. (U.S)
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Vanderlande Industries Inc. (U.S)
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Intelligent Robots Ltd (London)
Warehouse Robotics Industry Developments
June 2023: KUKA Industries GmbH & Co. KG, Obernburg, has agreed to sell its robotic automation integration business. Automation in packaging, food processing, ancillary industries, welding, cutting, casting, and laser processing, are key areas of expertise for this business. For KUKA Industries and its workers, the new owners provide a better fit with the business model and a fresh strategic outlook. It includes increased market exposure and the development of more autonomous sales structures.
May 2023: BlueBotics presents ANTdriven.com. Warehouse, manufacturing, and supply chain managers can benefit from this new educational resource by learning about and experimenting with various automated vehicle technologies from the ANT navigation ecosystem.
Warehouse Robotics Market Segmentation:
Warehouse Robotics Type Outlook
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Mobile Robots
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Articulated Robots
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Cylindrical Robots
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SCARA Robots
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Parallel Rob Automatic
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Cartesian Robots
Warehouse Robotics Software Outlook
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Warehouse Management System
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Warehouse Control System
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Warehouse Execution System
Warehouse Robotics Function Outlook
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Pick & Place
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Palletizing & De-palletizing
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Transportation
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Packaging
Warehouse Robotics Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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