North America Warehouse Robotics Market Size, Share & Industry Trends Analysis Report By Function, By Application, By Product, By Payload Capacity, By Component, By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The North America Warehouse Robotics Market would witness market growth of 18.5% CAGR during the forecast period (2023-2029).
Warehouse automation is growing quickly due to the explosive demand for perishable and consumables goods across several sectors, including e-commerce, electronics, and the automobile industry. As a result, the warehouse industry is looking for integrated robotics solutions from producers to hasten the delivery of goods to customers. The need for robots that are affordable and simple to use is growing significantly as there are more independent and small-sized warehouses. Further increasing the demand for robots in warehouse duties is mix-volume production across locations.
The demand for products supplied through e-commerce platforms is increasing due to shifting demographics and ubiquitous internet access. As the number of new e-commerce warehouses grows globally, there are numerous potentials for automation solutions. As a result, the warehouse robotics market represents a sizeable component of the overall industrial robotics industry. In 2021, there was a noticeable increase in the demand for industrial robots, and it is predicted that this trend will continue throughout the forecast period.
In Canada, automated warehouse operations are widely used, which increases the need for warehouse management systems. Canadians are embracing online shopping due to a dramatic change in retail outlets. In 2022, over 27 million Canadians, or almost 75% of the population, used e-commerce. In 2025, this proportion is expected to rise to 77.6%. More people are purchasing online, increasing retail e-commerce sales in Canada. Additionally, due to the increasing utilization of the manufacturing sector, demand for these kinds of equipment is also rising in Mexico. The market will undoubtedly expand in the upcoming years due to increased R&D activities and the concentration of most regional producers.
The US market dominated the North America Warehouse Robotics Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,825.8 million by 2029. The Canada market is poised to grow at a CAGR of 21.2% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 20.1% during (2023 - 2029).
Based on Function, the market is segmented into Pick & Place, Palletizing & De-palletizing, Packaging, and Transportation. Based on Application, the market is segmented into E-commerce, Automotive, Consumer Electronics, Healthcare, Food & Beverage and Others. Based on Product, the market is segmented into Mobile Robots, Articulated Robots, Cylindrical Robots, Scara & Parallel Robots and Cartesian Robots. Based on Payload Capacity, the market is segmented into Below 10 kg, 11 kg to 80 kg, 81 kg to 400 kg and 400 kg & Above. Based on Component, the market is segmented into Hardware, Software and Services. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Warehouse Robotics Market is Projected to reach USD 13.9 Billion by 2029, at a CAGR of 19%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
- Pick & Place, Palletizing & De-palletizing
- Consumer Electronics
- Food & Beverage
- 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
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
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