The global warehouse robotics market is expected to exceed $5 billion in 2022, with a 13 percent compound annual growth rate (CAGR) over the forecast period. The market is likely to be driven by the growing trend of industrialization and the introduction of Industry 4.0. In light of this, market valuations are expected to exceed US$ 9.5 billion by 2032.
A crucial reason driving warehouse robots sales is the growing demand for automation in many industrial sectors throughout the world. Different warehousing operations, such as picking and placing products, transporting, packaging, and palletizing, could be automated with these robots.
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Human intervention is reduced and warehouse operations are more efficient as a result of the usage of these robots. Automobile, e-commerce, electrical and electronics, pharmaceutical, and food and beverage industries are all using them.
Continuous technical breakthroughs in robotics, such as the advent of sensor technologies that give object perception and positioning systems, are allowing the market to grow. These solutions help producers achieve optimal logistical efficiency in a variety of industries.
Driven by this, sales of warehouse robotics are forecast to increase at a considerable pace over the assessment period. Increasing labor costs, along with growing investments in warehouse management solutions across the globe will continue providing impetus to the growth in the market.
What are the Trends Driving the Warehouse Robotics Market?
Expansion of the e-commerce industry worldwide is a key factor expected to boost sales in the warehouse robotics market. Many retail companies are investing in online channels and e-commerce to keep up with the growing demand. This is propelling the number of goods to be stored, managed, and transported. They are actively seeking solutions to minimize delivery time and enhance warehouse management.
Warehouse robotics are emerging as effective solutions for warehouse management and are gaining traction across the e-commerce sector. These systems allow manufacturers to handle order fulfillment processes, along with managing the placement of products to ensure rapid delivery.
They also provide flexible material movement, traceability and improve workers’ safety. Leading players operating in the e-commerce sector such as Amazon, DHL and Alibaba are employing warehouse robotics, and this trend is expected to continue over the forecast period.
In addition to this, growing trend of industry 4.0 is set to boost the market in the forthcoming years. It enables robots to receive instructions and respond to the scenario around them. Effective communication through IoT and Big Data in these robots helps workers in performing time-sensitive and high-velocity operations at lower costs.
What are the Challenges in the Warehouse Robotics Market?
High capital investments involved in the installation of warehouse robotics are expected to hamper sales in the market. The price of these robots varies in functionality, size, and operability. As a result, high costs are impeding their adoption in emerging economies, which is expected to negatively impact the growth in the market.
Besides this, while installing warehouse robotics, operators need to redesign the layout of the warehouse to enable systems to carry out operations efficiently. Layout aspects involve space utilization, the safety of workers, and easy accessibility of items. These factors might impact the sales in the market over the forecast period.
What is the North America Warehouse Robotics Market Outlook?
As per FMI, sales in the North America warehouse robotics market will grow at an impressive pace over the forecast period. Increasing demand for warehouse management solutions, along with the availability of smart warehouse management services across the region will drive the market in the forthcoming years.
In addition to this, expansion of the eCommerce sector, surging demand from food & beverage and pharmaceutical sectors, and rapid adoption of connective technology in the U.S. will continue boosting the market over the forecast period.
Market Competition
Some of the leading players present in the global warehouse robotics market include ABB Robotics, Kiva Systems, Foxconn Technology Group, Seegrid, Swisslong, SSI Schaefer, and Fanuc Corporation.
Key players operating in the market are diversifying their product portfolios to penetrate untapped markets. Players such as Kiva Systems and Seegrid are launching innovative warehouse robotics to penetrate untapped markets in emerging economies.
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Key Segments Profiled in the Warehouse Robotics Industry Survey
Product:
- Fixed Robots
- Mobile Robots
- Gantry Robots
- Stationery Articulated Robots
Application:
- Automotive
- Food and Beverage
- Pharmaceutical
- Electronics
- Construction
- Defense
- Oil and Gas
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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