The Worldwide Warehouse Robotics Market is Projected to reach USD 13.9 Billion by 2029, at a CAGR of 19%

Warehouse Robotics Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Warehouse Robotics Market size is expected to reach $13.9 billion by 2029, rising at a market growth of 19.0% CAGR during the forecast period.

The Transportation segment is showcasing a CAGR of 19.8% during (2023 - 2029). The demand for automated robotics to enhance efficiency and lower costs in logistics, along with the ongoing rise of the e-commerce and retail industries, has fueled the growth of the transport sector. For automating transportation tasks, including storage, picking, and sorting, automated mobile robots are the best option. In addition, when laborious, continuous material deliveries are required in warehouses, these are used.

The E-commerce segment acquired maximum revenue share in the Global Warehouse Robotics Market by Application in 2022 thereby, achieving a market value of $4.4 billion by 2029. The rise in popularity of online shopping is credited with the segment's growth. Fulfillment centers and warehouses have become significantly more automated as a result of the rising demand for prompt and effective order fulfillment. To enhance the administration of their supply chains and order fulfillment procedures, e-commerce businesses are increasingly implementing robotic warehouse systems.

The Cylindrical Robots segment has shown the growth rate of 20.3% during (2023 - 2029). The cylindrical robot arrangement enables the robot to move rotatably toward the work area like a cylinder. The cylinder configuration gives the many benefits for example, it can handle more weight with less effort. The manipulator benefits from its great stiffness. Pick and place programs generally use these type of warehouse robots.

The Below 10 kg segment is generating highest revenue share in the Global Warehouse Robotics Market by Payload Capacity in 2022 thereby, achieving a market value of $5.4 billion by 2029. A key factor in the expansion of warehouse robots weighing less than 10 kg is the rise in the number of light and small parcels that need to be managed in warehouse and distribution centers alternatives. In addition, the expansion of the segment is anticipated to be primarily driven by the increased use of lower payload capacity robots in the consumer electronics and food and beverage industries throughout the forecast period.

The Software segment is poised to grow at a CAGR of 19.2% during (2023 - 2029). The usage of digital tools makes fewer manual chores essential for warehouse operations. Therefore, the growth of the software segment has been influenced by the need for greater warehouse operational efficiency and a reduction in human error. In addition, it is projected that the adoption of AI will accelerate growth in the years to come.

The Asia Pacific market dominated the Global Warehouse Robotics Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $5.1 billion by 2029. The Europe market is exhibiting a CAGR of 18.2% during (2023 - 2029). Additionally, The North America market would showcase a CAGR of 18.5% during (2023 - 2029).

Full Report: https://www.kbvresearch.com/warehouse-robotics-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Ltd, Bastian Solutions, LLC (Toyota Advanced Logistics Group) (Toyota Industries Corporation), Daifuku Co., Limited, Dematic Group (Kion Group AG), Fetch Robotics, Inc. (Zebra Technologies Corporation), Honeywell International, Inc., Knapp AG, Kuka AG (Swisslog Holding AG), Omron Corporation and Yaskawa Electric Corporation.

Global Warehouse Robotics Market Segmentation

By Function

• Pick & Place, Palletizing & De-palletizing
• Packaging
• Transportation

By Application

• E-commerce
• Automotive
• Consumer Electronics
• Healthcare
• Food & Beverage
• Others

By Product

• Mobile Robots
• Articulated Robots
• Cylindrical Robots
• Scara & Parallel Robots
• Cartesian Robots

By Payload Capacity

• Below 10 kg
• 11 kg to 80 kg
• 81 kg to 400 kg
• 400 kg & Above

By Component

• Hardware
• Software
• Services

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• ABB Ltd
• Bastian Solutions, LLC (Toyota Advanced Logistics Group) (Toyota Industries Corporation)
• Daifuku Co., Limited
• Dematic Group (Kion Group AG)
• Fetch Robotics, Inc. (Zebra Technologies Corporation)
• Honeywell International, Inc.
• Knapp AG
• Kuka AG (Swisslog Holding AG)
• Omron Corporation
• Yaskawa Electric Corporation

Related Reports:

North America Warehouse Robotics Market Size, Share to 2029

• April-2023
• 128 Pages

LAMEA Warehouse Robotics Market Size, Projection to 2029

• April-2023
• 144 Pages

Europe Warehouse Robotics Market Size & Share Report, 2029

• April-2023
• 144 Pages

Asia Pacific Warehouse Robotics Market Size & Share to 2029

• April-2023
• 145 Pages