Warehouse Robotics Market by Type (AMR, AGV, Articulated, Cylindrical and SCARA) Function (Pick & Place, Palletizing & Depalletizing, Transportation, Packaging), Payload- Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Electronics & Semiconductors | Pages : 180 Pages | Published On : Dec 2023

The market for warehouse robotics was valued at $4.7 billion in 2023 and is projected to reach $9.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.0% during the period from 2023 to 2030. A recent research study conducted on this industry focused on analyzing the prevailing trends.

Warehouse robotics involves the implementation of automated systems to perform various tasks in warehouses, including palletizing, de-palletizing, transportation, picking and placing, and packaging. By reducing the need for human intervention, robots in warehouses minimize human errors and enhance operational efficiency. These robotic systems find applications in diverse sectors such as e-commerce, automotive, electrical & electronics, food & beverage, and pharmaceutical.

The warehouse robotics market is driven by several factors. Firstly, there is a growing demand for automation in the logistics and supply chain industries, leading to the adoption of warehouse robotics. Additionally, businesses are increasingly seeking cost-effective and efficient warehouse operations, prompting the deployment of robotics solutions. Technological advancements in robotics further contribute to the market's growth. The rise of e-commerce and the surging volume of global shipments also play a significant role in propelling the market forward.

Warehouse robotics enable companies to optimize operational efficiency, reduce labor costs, and enhance order fulfillment accuracy. Moreover, the logistics and supply chain industry's focus on waste reduction and sustainability acts as a catalyst for the expansion of the warehouse robotics industry. Considering the abundance of growth opportunities and the potential for innovation, the warehouse robotics market is expected to experience substantial growth in the coming years.

Warehouse Robotics Market Dynamics

Driver: Increase in funding from venture capitalists

Over the past few years, there has been a notable rise in the number of start-ups within the warehouse robotics ecosystem. Notable examples of these rapidly growing start-ups include Fetch Robotics, Inc. (US), IAM Robotics (US), Magazino GmbH (Germany), GreyOrange Pte Ltd. (US), Locus Robotics (US), Geek+ Inc. (China), and InVia Robotics, Inc. (US). These companies offer cost-effective, flexible, and efficient mobile robots that can automate various warehouse operations, such as storage and retrieval, palletizing and de-palletizing, transportation, and packaging. Venture capitalists are actively investing in these start-ups, as evidenced by GreyOrange securing a funding of USD 110 million in May 2022. The influx of funds into new and emerging players in the warehouse robotics market is driving market expansion.

Restraint: Shortage of skilled workforce to operate robots

In the field of warehouse robotics, the acquisition and retention of qualified workers pose a significant challenge. There is a scarcity of individuals with expertise in electrical, embedded, and software domains. Additionally, a shortage of highly skilled workforce with specific educational backgrounds and technical abilities, particularly in developing high-value-added robots integrated with advanced technologies, further exacerbates the issue. The lack of skilled workers capable of operating and managing warehouse robots acts as a major restraint on market growth.

Opportunity: Growth of autonomous mobile robots (AMRs)

The advent of AMRs for warehouse and material handling applications presents a lucrative opportunity for companies involved in warehouse robotics. AMRs offer a safer alternative to manual material transportation, such as manned forklifts. Equipped with safety sensors, these robots can prevent collisions and vary in accuracy depending on their functionality and impact on safety and efficiency in different environments. The integration of AI into warehouse robots is also facilitated by technological advancements in AMRs, creating further opportunities for innovation.

Challenge: Limited awareness in developing countries

The awareness of available warehouse-related technologies is currently low due to market fragmentation and a limited number of existing users. Developing countries like India, Brazil, Indonesia, Chile, and Colombia have a significant number of end users who are unaware of the benefits offered by warehouse robots. This lack of awareness poses a challenge for market players, as the potential user base remains limited.

Automated Guided Vehicles (AGVs) to hold the second largest market during the forecast period

AGVs are projected to hold the second-largest market share, primarily driven by their increasing adoption in the retail and logistics industries. The utilization of AGVs offers numerous advantages, including cost reduction in labor, improved inventory efficiency and accuracy, and enhanced workplace safety. As a result, the AGVs market maintains a significant share in the market.

During the forecast period, the automotive industry is expected to experience the second-fastest growth rate. This sector accounts for approximately 17% of the warehouse robotics market in 2023. The automotive vertical is highly competitive, with players continuously striving to provide differentiated value through enhanced warehousing automation. Within their manufacturing and warehousing operations, automotive companies extensively employ robots, enabling efficient material handling and reduced time-to-market for products. Simultaneously, the integration of robots allows suppliers to minimize unproductive labor costs and maximize productivity.

In 2023, Europe is anticipated to hold the second-largest market share in the global warehouse robotics market. This region benefits from a substantial presence of the automotive and manufacturing industries. Countries such as the UK, Germany, and France are witnessing rapid growth in the adoption of warehouse robots. Moreover, governments in Europe have shown support by improving infrastructure for warehousing robotics across various industries, including e-commerce, pharmaceuticals, and machinery. While Germany currently possesses the largest market share in Europe, the UK is experiencing the fastest growth in the region. The significant demand for warehouse robotics in Germany can be attributed to its thriving automotive industry.

Key players in the warehouse robotics market include ABB (Switzerland), KUKA (Germany), KION GROUP (Germany), Daifuku (Japan), FANUC (Japan), Geekplus Technology, Greyorange, Murata Machinery, Omron Corporation, and Toyota Industries. The study categorizes the warehouse robotics market based on type, function, payload capacity, industry, component, and software at both regional and global levels.

Warehouse Robotics Market Report Segmentation

By Type

  • Autonomous Mobile Robots (AMRs)
  • Automated Guided Vehicles (AGVs)
  • Articulated Robots
  • Cylindrical & SCARA Robots
  • COBOTS
  • Others

By Function

  • Picking & Placing
  • Palletizing & De-pallteizing
  • Transportation
  • Sorting & Packaging

By Payload Capacity

  • Less than 20kg
  • 20-100kg
  • 100-200kg
  • Greater than 200kg

By Industry

  • Automotive
  • Semiconductor & Electronics
  • Chemical
  • E-Commerce & 3PL
  • Food & Beverage
  • Heathcare
  • Metals & Heavy Machinery
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments

  • ABB introduced the ""ABB Robotic Depalletizer"" in May 2022, a solution designed for handling complex depalletizing tasks in various industries like healthcare, e-commerce, logistics, and consumer packaged goods. This innovative solution incorporates machine vision technology, enabling quick assessment of diverse box types and efficient processing of assorted loads with mnimal engineering effort and setup time.
  • GreyOrange successfully raised USD 110 million in funding in May 2022. The growth financing was supported by Mithril Capital Management, with additional backing from BlackRock.
  • Fanuc America unveiled the M-1000iA robot in January 2022, specifically designed to handle heavy products such as construction materials, automotive components, and electric vehicle battery packs. As of January 2022, the M-1000iA is Fanuc's largest serial-link robot.
  • In July 2023, Omron Automation Americas, a subsidiary of Omron Corporation, launched the HD-1500 mobile robot with an impressive payload capacity of 1500 Kg. This heavy-duty mobile robot can handle bulky objects, providing manufacturers with expanded options for autonomous material transport.

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