Warehouse Robotics Market

Global Warehouse Robotics Market Size, Share & Industry Trends Analysis Report By Function, By Application, By Product, By Payload Capacity, By Component, By Regional Outlook and Forecast, 2023 - 2029

Report Id: KBV-15301 Publication Date: April-2023 Number of Pages: 361
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Market Report Description

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.

Warehouse robotics describes the use of robotics, automated systems, and certain specialized software to transfer various duties around and streamline warehouse operations. Robotics has become more well-known recently in the supply chain, warehouse management, and distribution center fields. It continues to be important for warehouse automation.

Warehouse Robotics Market Size - Global Opportunities and Trends Analysis Report 2019-2029

Modern warehouses are being compelled to give the usage of robotics some serious thought due to technological improvements and a more competitive business environment. Robots for warehouses are no longer just nice-to-have extras; they are now essential to effective warehouse operations due to their capacity to boost productivity, precision, and operational efficiency. The execution of mundane, repetitive jobs can be automated by warehouse automation, which brings value to numerous warehousing operations by freeing up human workers to work on more challenging duties.

Robots in warehousing handle the labor-intensive, demanding, and risky portions of warehouse operations, like delivering merchandise and removing it from heights. As a result, warehouse robots relieve the physical and emotional stress on human workers by assuming some hazardous and demanding activities. Reduced stress on employees also boosts morale, which increases productivity and improves the working environment. With the proper robots, warehouses may improve operational effectiveness, reduce error rates, and deliver orders more precisely.

The robotics industry can now explore the unexplored opportunities in various warehousing tasks while achieving an optimal flow of operation and logistics efficiency across the different industry verticals. This is feasible because of significant technological advancements that enable improved object perception and a precise positioning system. The market has been expanding due to factors such as the expansion of warehouses, increasing expenditures in warehouse automation, an increase in labor expenses globally, and the accessibility of scalable technology solutions.

COVID-19 Impact Analysis

The development of COVID-19 boosted the number of consumers who wanted to purchase online, forcing retailers to turn to automated systems to fulfill the rising demand. Additionally, businesses adopted automated solutions to protect themselves against unexpected supply chain disruptions. As a result, the market's growth was stimulated by the escalating demand from the food and beverage industry as well as e-commerce. After the pandemic, the manufacturing shifts for semiconductors & electronics also lowered but remained constant. Therefore, the market is expected to experience a slow recovery throughout the forecast period.

Market Growth Factors

Increasing demand for smaller stock-keeping unit orders

Due to the continual introduction of new items, an expanding SKU (stock-keeping unit) count is relatively typical in the sector. In addition, the convenience of customization and the expanding range of consumer options offered by the e-commerce platform drove the need for a larger inventory, with various options and styles at the disposal of online retailers for delivery upon request. The number of large-pallet orders received by distributors is declining due to just-in-time ordering, direct-to-consumer distribution, and changing retailer-wholesaler relationships. Therefore, the rise in modest, multiple-SKU shipments puts pressure on warehouses to automate. These factors are propelling the growth of the warehouse robotics market.

Rapidly expanding e-commerce sector

The customer experience is enhanced behind the scenes by advancements in everything from fulfillment capabilities and supply chains to digital payments, further influencing shifts in consumer behavior. Additionally, important factors include the use of the internet and better connectivity, especially in emerging markets where more young people spend more time online. Additionally, the budgets for fulfillment centers and warehouses have not been increased to accommodate the increased volume. Due to these circumstances, warehouses must move products from positions to loading docks more quickly than ever. Hence, the rise of e-commerce, along with the need for faster deliveries, is also proving to be beneficial for the expansion of the market.

Market Restraining Factors

Constrained adoption of robots in startups owing to high investments

Robots are a huge asset in smart manufacturing because they reduce downtime, save time, and eliminate repetitious manual labor. However, deploying highly efficient robots is expensive. As a result, installing warehouse robots in industries demands substantial financial resources. Startups believe that deploying robots in factories is impractical due to their small operations. The costs of upkeep and repairs for robotic devices are also very significant. Furthermore, there is still work on the customization required for robots to be useful for specific businesses. Because of the high implementation costs and lack of compatibility, the market for warehouse robotics isn't expanding as quickly as it could.

Product Outlook

Based on product, the warehouse robotics market is characterized into mobile robots, articulated robots, cylindrical robots, scara & parallel robots, and cartesian robots. The mobile robots segment garnered the highest revenue share in the warehouse robotics market in 2022. The development of better mobile robots is aided by developments in artificial intelligence, computer vision, and machine learning in the worldwide warehouse and logistics sector. Mobile robot adoption has been sparked by the growing demand for efficient and affordable solutions in the warehouse and logistics industries to boost productivity and profitability.

Warehouse Robotics Market Share and Industry Analysis Report 2022

Function Outlook

On the basis of function, the warehouse robotics market is classified into pick & place, palletizing & de-palletizing, transportation, and packaging. The pick & place, palletizing & de-palletizing segment recorded the largest revenue share in the warehouse robotics market in 2022. Robots are becoming more effective, precise, and adaptable for pick-and-place tasks because of ongoing technical improvements, which are responsible for this growth. In addition, the price of pick-and-place warehouse robots has also come down over time, making them more affordable for smaller factories and businesses, which has led to a rise in the use of robots for pick-and-place tasks.

Payload Capacity Outlook

By payload capacity, the warehouse robotics market is divided into below 10 kg, 11 kg to 80 kg, 81 kg to 400 kg, and 400 kg & above. The 11 kg to 80 kg segment procured a remarkable growth rate in the warehouse robotics market in 2022. Their proficiency in managing medium to heavy-weight objects is credited with the growth. In addition, warehouses for various industries, including manufacturing, healthcare, food, drinks, and more, are calling for robots with bigger payload capacities. Therefore, it is anticipated that market expansion will be aided by ongoing technology advancements and an increased need for automation in warehouse and logistics operations.

Component Outlook

Based on component, the warehouse robotics market is segmented into hardware and software. The hardware segment recorded the highest revenue share in the warehouse robotics market in 2022. Robotics technology is advancing, and some of the most well-liked examples are foldable robots that are able to alter size and shape to become more adaptable. Additionally, the development of the hardware segment is anticipated to be fueled by the increasing utilization of collaborative robots across a variety of industries due to their numerous advantages over traditional robots.

Application Outlook

By application, the warehouse robotics market is classified into e-commerce, automotive, consumer electronics, food & beverage, healthcare, and others. The automotive segment recorded a significant revenue share in the warehouse robotics market in 2022. The automotive industry is extremely competitive, and the businesses there always strive to provide differentiated value through better warehousing automation. In its storage and manufacturing operations, the automotive industry uses robots more than any other industry. Robotic material handling in warehouses has improved productivity and sped up product launch times.

Warehouse Robotics Market Report Coverage
Report Attribute Details
Market size value in 2022 USD 4.2 Billion
Market size forecast in 2029 USD 13.9 Billion
Base Year 2022
Historical Period 2019 to 2021
Forecast Period 2023 to 2029
Revenue Growth Rate CAGR of 19% from 2023 to 2029
Number of Pages 361
Number of Table 594
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling
Segments covered Component, Function, Application, Product, Payload Capacity, Region
Country scope US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Growth Drivers
  • Increasing demand for smaller stock-keeping unit orders
  • Rapidly expanding e-commerce sector
  • Constrained adoption of robots in startups owing to high investments

Regional Outlook

Region wise, the warehouse robotics market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered the highest revenue share in the warehouse robotics market in 2022. The presence of the automotive and manufacturing industries in the region is advantageous. The use of warehousing robots is expanding quickly in nations including China, Japan, and India. The warehousing robots business has also grown in the region owing to government backing for improving the infrastructure for these technologies in a variety of sectors, including e-commerce, pharmaceuticals, and machinery.

Free Valuable Insights: Global Warehouse Robotics Market size to reach USD 13.9 Billion by 2029

KBV Cardinal Matrix - Warehouse Robotics Market Competition Analysis

Warehouse Robotics Market - Competitive Landscape and Trends by Forecast 2028

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Honeywell International, Inc., and ABB Ltd are the forerunners in the Warehouse Robotics Market. Companies such as Bastian Solutions, LLC, Fetch Robotics Inc., and Omron Corporation are some of the key innovators in Warehouse Robotics Market.

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.

Strategies deployed in Warehouse Robotics Market

» Partnerships, Collaborations and Agreements:

  • Feb-2023: Yasakawa has partnered with Rapid Robotics, a workforce solutions provider, to deliver solutions regarding industrial robotic arms. The combined portfolio of the two companies allows the companies to extend their reach to a wider reach of enterprises looking for automation solutions. Through this partnership, Yasakawa will shift the dangerous tasks from humans to robotic manipulators developed with the combined expertise of both companies.
  • Dec-2022: Omron has signed an agreement with the Advanced Remanufacturing and Technology Centre (ARTC). Under the new agreement, the two organizations would develop uniform standards for automation and robotics.
  • Aug-2022: Dematic has partnered with Dexterity, a warehouse robotics provider to provide full-task robotics as a section of Dematic intelligent automation solutions. The partnership enhances Dematic's capability to provide customers with autonomous and flexible solutions that lower the dependency on labor.
  • Jul-2022: Dematic has partnered with Google Cloud, a cloud computing platform. The partnership aims at developing supply chain flexibility and delivering go-to-market systems. Furthermore, the partnership allows Dematic to serve its customers in a better way by helping them in strengthening their positions in the industry.
  • Jul-2022: ABB has signed an agreement with SKF, a bearing solutions provider. The agreement outlines the objective of the two companies in finding new opportunities in the manufacturing process automation market. The teaming up enhances ABB's technical leadership.
  • Mar-2022: Honeywell has partnered with Otto Motors, a division of Clearpath Robotics, to automate distribution centers across North America. The partnership provides Honeywell with Otto Motor's complete robotics solutions thereby increasing Honeywell's efficiency.
  • Mar-2022: Knapp has partnered with Covariant, a leading global AI robotics company to expand their market share by developing AI-powered robotic solutions. The partnership allows Knapp to serve their customers in a better way by providing them with a competitive edge.
  • Aug-2021: Fetch Systems has partnered with Lucas Systems, a leading provider of voice and warehouse optimization software, to enable next-gen Warehouses. The partnership allows the two companies to serve their customers in a better way.
  • Aug-2021: Fetch Robotics has teamed up with Körber, a multinational conglomerate with 10,000 employees worldwide, to launch a new integrated case pick-to-pallet solution. The solution allows companies to serve their customers in a better way by improving their picking operational efficiency. Furthermore, the solution features zone-based picking and pick path optimization functionality. The solution can be used through the use of Voice or RF scanners.
  • Jan-2021: Bastian has partnered with Scallog, a logistic robot supplier based in France. The partnership is aimed to market Scallog's services across the US. The partnership aids Bastian in serving its customers in a better way by providing an added portfolio of Scallog's solutions.

» Product Launches and Product Expansions:

  • Apr-2023: ABB Robotics has introduced Visual Simultaneous Localization and Mapping (VSLAM) technology to its Autonomous Mobile Robots (AMRs). This aids AMRs in making smart way planning and collision-avoiding decisions in their radius. VSLAM features AI algorithms and data from 3D vision cameras to improve the understanding of the world around AMR. The benefits of VSLAM include better navigation, reduced commissioning time, and reduced time for calibration.
  • Mar-2023: Bastian Solutions has launched CB18, a robotic guided forklift. The forklift is used to solve a wide range of issues including operational visibility, inventory tracking, and shortage of labor. The machine also benefits the users by improving their operations through the efficient movement of packages across the facilities.
  • Feb-2023: Kuka has unveiled Kuka KMP 600-S, the latest mobile robot for applications in intralogistics. The KMP 600-S features an automated vehicle system and a payload of up to 600kg. Furthermore, the product features 3D object detection that allows it to detect objects within the range of 50mm and 2.10mm.
  • Feb-2023: Kuka has unveiled KR 3 D1200, an automated pick-and-place robot for applications in various industries. The robot features a payload of up to 6kg and a working range of 350mm. Furthermore, the KR 3 D1200 HM has a carbon fiber body, positional repeatability of +/- 0.1 mm, and angular repeatability of +/- 0.2°.
  • Feb-2022: Yasakawa has unveiled two collaborative robots- HC10DTP and HC20DTP, each of them featuring 6 axes and an aluminum body for toughness. HC10DTP features a 10 KG load capacity, 1,379 mm maximum reach, and ±0.05 mm repeatability. The HC20DTP features a payload capacity of up to 20KG, ±0.05 mm repeatability, 1,700 mm effective reach, and 1,900 mm maximum reach.
  • Dec-2021: Yasakawa has unveiled PL80 palletizer robot. The robot features a payload capacity of up to 80 kg, 2,061 mm horizontal reach, 0.03mm repeatability, and 3,291 mm. Furthermore, it also features a cabin with dimensions 598 W x 490 H x 427 D mm and is compatible with Yaskawa’s new PalletSolver Software which is meant for making palletizing processes more efficient.
  • Sep-2021: Honeywell unveils Smart Flexible Depalletizer. The depalletizer features computer vision that guides arm movement. Furthermore, the product features machine learning and control logic that guides its gripping force according to the weight of the product.
  • Sep-2021: ABB has unveiled FlexBuffer robotic work cell. Flexbuffer features a payload capacity of 50 kg. The product also features storage management software which helps it in storage, buffering, and sequencing operations. Furthermore, the Flexbuffer features an entourage of grippers, ABB robots, and infeed and outfeed conveyors. The product aids the company in better serving its customers by solving their issues regarding sending, receiving, and sequencing the packages.

» Acquisitions and Mergers:

  • Jul-2021: ABB took over ASTI Mobile Robotics Group (ASTI), an autonomous mobile robot manufacturing company. The acquisition aids ABB's growth strategy. Furthermore, the acquisition offers a strong point for ABB by making it the only company to provide a full suite of AMRs.

»Geographical Expansions:

  • Feb-2023: Honeywell has established an innovation center at Brno. The center will serve as a development site for next-gen warehouse solutions. Furthermore, the center allows Honeywell's customers to train and experience new technologies.
  • Dec-2022: ABB has established a flexible and fully automated robotics factory in China. The new facility is a part of the ‘in China, for China’ strategy and serves the company in enhancing the value chain in China.

Scope of the Study

Market Segments Covered in the Report:

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
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

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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Frequently Asked Questions About This Report

The Market size is projected to reach USD 13.9 billion by 2029.

Rapidly expanding e-commerce sector are driving the Market in coming years, however, Constrained adoption of robots in startups owing to high investments restraints the growth of the Market.

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.

The expected CAGR of this Market is 19.0% from 2023 to 2029.

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 Asia Pacific market dominated the 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.



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