Warehouse robots are autonomous robots that assist humans in various industrial applications like palletizing, packaging, picking, transport, and sortation. They help improve productivity, reduce costs, enhance safety, and enable 24/7 warehouse operations. The growing e-commerce sector is generating significant demand for warehouse automation to streamline operations and meet delivery timelines efficiently. The global Warehouse Robotics Market is estimated to be valued at US$ 13.18 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Mobile robots are witnessing increased adoption in warehouses. Mobile robots are self-navigating bots equipped with sensors, cameras, and other technologies to maneuver autonomously within the warehouse environment. Their mobility allows them to perform various tasks like inventory management, order picking, transportation, and sortation. They can easily navigate through the warehouse, load and unload pallets and containers, supplement human labor needs. The growing labor costs, need for flexibility, and focus on minimizing errors are fueling the adoption of mobile robots in warehouses. Their intelligent navigation skills are helping optimize warehouse operations and streamlining material/inventory flow.
Segment Analysis
The global warehouse robotics market is dominated by mobile robots sub-segment. Mobile robots account for over 50% share of the total market as they are used extensively for pick and place applications inside warehouses. Mobile robots help in automating pick and place operations through autonomous navigation inside warehouses and efficient handling of inventory. This reduces manual effort and labour costs substantially.
Key Takeaways
The Global Warehouse Robotics Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis:
The Asia Pacific region holds the largest share of over 35% in the global warehouse robotics market. Countries like China, Japan and India are rapidly automating warehousing operation to enhance supply chain efficiencies. Governments in the region are also supporting adoption of emerging technologies like robotics through funding and initiatives. Increased e-commerce penetration is further driving deployments of warehouse robots across Asia.
Key players:
Key players operating in the warehouse robotics are KUKA, ABB Ltd., FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy industries, Ltd., Omron Corporation. These robotics giants provide full suite of automation solutions including autonomous mobile robots, robotic arms and collaborative robots for various warehouse applications like palletizing, depalletizing, packaging, pick and place etc.
The global warehouse robotics market is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis related content comprises: The Asia Pacific region holds the largest share of over 35% in the global warehouse robotics market. Countries like China, Japan and India are rapidly automating warehousing operation to enhance supply chain efficiencies. Governments in the region are also supporting adoption of emerging technologies like robotics through funding and initiatives. Increased e-commerce penetration is further driving deployments of warehouse robots across Asia.
Key players related content comprises: Key players operating in the warehouse robotics are KUKA, ABB Ltd., FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy industries, Ltd., Omron Corporation. These robotics giants provide full suite of automation solutions including autonomous mobile robots, robotic arms and collaborative robots for various warehouse applications like palletizing, depalletizing, packaging, pick and place etc.
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