The global warehouse robotics market was valued at USD 3.9 billion in 2020, and it is expected to reach USD 8.4 billion by 2027, with a CAGR of 11.5%, during the forecast period from 2021-2027.
The use of robots, automated systems, and specialized software to perform various tasks and streamline processes in the warehouse can be termed as warehouse robotics. In recent years, robots have become a staple in supply chains, distribution centers, warehouse management and continue to play an important role in warehouse automation.
The fundamental aspect that drives the development of the Warehouse Robotics market is the growing e-commerce sector. The warehouse robotic industry is expected to be affected by the combined effects of retail and e-commerce growth as well as changes in automation technology focusing on energy efficiency. Several companies are integrating robotics and automation to develop their warehouses. Other factors include active funding by venture capitalists to improve the quality and reliability of warehouse operations, and the increasing adoption of warehouse robots by small and medium enterprises (SMEs). Due to high employee turnover and a shortage of skilled labor, the deployment of robotic systems in facilities is expected to increase between 2021 and 2027. Collaborative robots (also known as Cobots) are increasingly important in the industry storage because they are designed to improve security and simplify the human-machine interface. Owing to technologies such as machine learning, collaborative robots become intelligent, when they see warehouse tasks performed by operators, they can repeat warehouse tasks.
North America has a dominant position in the warehouse robotics market due to the high productivity of its new technologies and the strong presence of warehouse operators in the region. Due to the increase in the number of manufacturing facilities and increased domestic demand for commodities, the Asia-Pacific region is expected to have the highest growth rate during the forecast period from 2021 to 2027.
By Payload Capacity:
Based on type, the mobile robots segment dominated the Warehouse Robotics market in 2020.
The mobile robot segment accounted for the largest revenue share of over 25% in 2020 and is expected to grow significantly during the forecast period. Mobile robots are an important part of the global warehousing industry, as they are used to move small tonnage cargo around facilities, especially in retail and consumer electronics, and offer more flexibility than most traditional automation systems.
Based on Software, Warehouse Management System segment is expected to grow with a high growth rate during the forecast period.
The Warehouse Management System (WMS) software segment accounts for over 40% of revenue in 2020 and is expected to assert its dominance during the forecast period, due to its ability to manage the activities and overall processes of operations in an institution. These processes include moving shipments from one location in the facility to another, picking orders, receiving, shipping, cycle counting, and shipping. The Warehouse Control Systems (WCS) and Warehouse Execution Systems (WES) software segments are expected to experience significant growth from 2020 to 2027 as more companies invest in these solutions, helping them manage their customers as well as the complexity. of the installation.
Based on Function, Pick and Place segment dominated the Warehouse Robotics market and is expected to witness similar growth rate over the forecast period.
The pick and place segment accounts for the main revenue share of the warehouse robots market in 2020 and is expected to maintain its dominance over the forecast period. The packaging segment holds a significant market share of over 25% in 2020, as several companies deploy robotic systems to improve packaging performance by installing scalable and sustainable solutions. Companies are replacing their manual boxing with robot boxing and are using long-distance robots to load containers into Form Sealing (FFS) machines.
Based on Payload Capacity, 0.5 kg to 10 kg segment dominated the Warehouse Robotics market and is expected to witness similar growth rate over the forecast period
The 0.5 kg to 10 kg payload segment recorded a significant revenue share of over 30% in 2020 and is expected to assert its dominance between 2020 and 2027. This is attributed to robots with a lower load can carry most of the load items in a typical installation for various end-use industries. Robots with a payload of 400 kg or more are rarely used by operators. Therefore, the growth rate of the segments from 401 kg to 900 kg and tonnage above 900 kg is forecast to be quite slow in the coming years. Primarily, operators in very demanding industries such as automotive and consumer electronics are investing in robots with payloads ranging from 11kg to 80kg. This segment holds a market share of over 25% by 2020.
Based on Application, the E-commerce segment dominated the Warehouse Robotics market and is expected to witness similar growth rate over the forecast period
The e-commerce segment is driving the growth of the Warehouse Robotics industry due to the increasing number of customers shopping online and their growing demand for orders delivered quickly and accurately. On the other hand, the healthcare segment is expected to observe the fastest compound annual growth rate during the forecast period, due to continued advancements in the medical and pharmaceutical industries.
Based on Regions, the Asia Pacific region is dominating the global warehouse robotics market in 2020
Factors such as the high productivity of new technologies and the strong presence of warehouse operators in the region, North America predominantly dominates the warehouse robot market. Due to the increase in the number of manufacturing facilities and the increase in the domestic demand for bulk products, the Asia-Pacific region is expected to have the highest growth rate during the forecast period from 2020 to 2027 and is an area of ??significant economic growth for countries in the Asia-Pacific region. However, during the forecast period, factors such as high installation costs and lack of skilled labor force hampered the Warehouse Robotics market growth. The growing demand for automation and safety awareness and premium manufacturing is expected to bring great growth opportunities to the Warehouse Robotics market.
Leading Warehouse Robotics Market Players:
The major players operating in the global Warehouse Robotics market include ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., ATS Automation Tooling Systems, Inc., Amazon.Com, Inc. (Amazon Robotics), Honeywell International, Inc. (Intelligrated), Omron Corp. (Adept Technology, Inc.), Fetch Robotics, Inc., IAM Robotics, and Magazino GmbH among others. The key players operating in this industry are focusing on collaborating with various stakeholders and innovating new products.
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