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Report Overview
The global warehouse robotics market value reached USD 8.57 billion in 2023. The market is further expected to grow at a CAGR of 14.2% between 2024 and 2032, to reach a value of USD 28.30 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Warehouse Robotics Market Share
The demand in the warehouse robotics market is being significantly driven by the mobile robots segment, which holds a substantial share of the market. Mobile robots like automated guided vehicles (AGVs) are in high demand in warehouses because they improve service quality, accelerate operations, and boost load capacity. Their advanced tracking and control capabilities are particularly valuable in storage and packaging applications, contributing to their rising popularity.
In addition, mobile robots can efficiently replace or handle small payloads which are beneficial for the electronics and retail sectors, due to the increasing consumer base. Moreover, the rapid shift from traditional automation systems towards mobile robotics, further supported by increasing awareness, is bolstering the warehouse robotics industry revenue.
Warehouse Robotics Market Report Snapshots
Warehouse Robotics Market Size
Warehouse Robotics Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 8.57 billion in 2023.
The market is projected to grow at a CAGR of 14.2% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of USD 28.30 billion by 2032.
The industrial advantages offered by warehouse robotics, increasing applications in various end use sectors, rapid transition from traditional to automated operations, and rising demand for advanced articulated robots are the major drivers of the market.
The key trends in the market include the technological advancements in the manufacturing sector, progressive and innovative product launches by key market players, and emerging industrial IoT.
Industrial robots, sortation systems, conveyors, palletisers, automated storage and retrieval systems, and mobile robots (AGVs and AMRs) are the different product types of warehouse robotics in the market.
Storage, packaging, and trans-shipment, among others, are the major functions of warehouse robotics in the market.
The various end users of warehouse robotics are food and beverage, automotive, retail, electrical and electronics, and pharmaceutical, among others.
The major advantage of warehouse robotics is the reduced physical toll on the workers, as warehouse robots can perform stressful and physically challenging tasks with ease.
The competitive landscape consists of ABB Limited, Honeywell International, Inc, Toshiba Infrastructure Systems & Solutions Corporation, Fanuc Corporation, TGW Logistics Group, Invia Robotics, Inc., Omron Corporation, Daifuku Co., Ltd., Yaskawa Electric Corporation, and KUKA AG, among others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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