Warehouse robotics are autonomous mobile robots that help in handling goods efficiently as well as accurately within warehouses and distribution centers. Warehouse robotics such as autonomous mobile robots, articulated robots, Cartesian robots and SCARA robots aid in automation and digitalization of warehouse processes. They help in automating primary activities like pick, pack, palletization and packaging.
The global warehouse robotics market is estimated to be valued at US$ 13.18 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the warehouse robotics market is largely driven by increasing adoption of automation technologies and digitalization trends across warehouses and distribution centers. Warehouse robots integrated with Internet of Things (IoT) and cloud technologies offer better real-time data analytics capabilities to warehousing operations. IoT enabled warehouse robots help in tracking inventory levels, predicting maintenance needs and monitoring workforce productivity in real-time. This improves supply chain visibility and facilitates data-driven decisions. The analytics generated from IoT integrated warehouse robots is further utilized for predictive maintenance of robotic equipment and optimizing warehouse layout. Such digitalization capabilities accelerate the benefits of automation and boost the uptake of warehouse robotics globally.
Segment Analysis
The global warehouse robotics market is dominated by mobile robots, which accounted for over 35% of the market share in 2023. Mobile robots are increasingly being used to handle large volumes of unit loads and goods in warehouses. They have high navigational intelligence and can autonomously move goods around facilities without the need for fixed guidance systems. The next major segment is autonomous cranes which held a 25% share. These robotic cranes have significantly increased throughput in warehouses by efficiently handling multipallets of goods. They have high load capacity and can work continuously without breaks unlike humans. Articulated robots are another emerging segment used for palletizing and depalletizing activities. They have movable joints and can perform complex picking operations for mixed product loads. Their adoption is forecast to grow as they boost output in busy picking zones of warehouses.
Key Takeaways
Global Warehouse Robotics Market Demand is expected to witness high growth at a CAGR of 6.7% during the forecast period of 2023 to 2030. Increased e-commerce activities and need for efficiency and accuracy in order fulfillment are major drivers of the market.
Regional analysis - North America currently dominates the market with over 40% share owing to significant investments by leading e-tailers and 3rd party logistics companies in the region. Asia Pacific is projected to witness the fastest growth due to expanding manufacturing and growing online retail in China and India. Countries like Japan and South Korea are also increasingly adopting warehouse robotics solutions.
Key players - Key players operating in the warehouse robotics market are Schneider Electric SE, ABB Ltd., Siemens AG, Eaton Corporation, Honeywell International Inc., Rockwell Automation, Inc., UL LLC (Underwriters Laboratories), Emerson Electric Co., General Electric (GE), Littelfuse, Inc., DuPont de Nemours, Inc. These companies have a strong global presence and offer comprehensive suites of industrial automation solutions including warehouse execution systems, fleet management software, and robotic arms. Increased M&A activity is seen as players look to offer integrated robotics and logistics automation platforms.
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