Warehouse Robotics Sector Thriving Journey with Projected to Exceed $15 Billion by 2030

According to the Next Move Strategy Consulting, the warehouse robotics market size is anticipated to surpass $15 billion by 2030 from the current value of $6 billion in 2022, reflecting a CAGR of 11.8% from 2023 to 2030. As businesses increasingly seek innovative ways to optimize logistics, reduce operational costs, and stay competitive in the global market, warehouse robotics emerges as a transformative force driving efficiency and agility in the supply chain landscape.

Request a FREE sample report, here, https://www.nextmsc.com/warehouse-robotics-market/request-sample

The warehouse robotics industry is on the verge of significant expansion as businesses prioritize efficiency and innovation in their logistics processes. In response to the evolving landscape of business requirements, warehouse robotics is becoming a pivotal player, offering comprehensive solutions to streamline workflows and enhance overall supply chain productivity.

Market Overview:

The warehouse robotics industry is currently experiencing unparalleled growth, propelled by a growing recognition of the need for advanced automation solutions and the surge in digital transformation initiatives within the logistics sector. With businesses embracing warehouse robotics to meet the demands of an increasingly complex supply chain environment, the industry is poised for robust growth in the foreseeable future.

Key Market Drivers:

1. Labor shortages and rising labor costs: The global labor market is facing widespread shortages, particularly in industries that rely on manual labor, such as warehousing. This shortage has driven up labor costs, making it more expensive for companies to operate warehouses using traditional methods. Warehouse robotics can help to offset these labor costs by automating many of the tasks that are currently performed by human workers.

2. E-commerce growth: The growth of e-commerce has led to a surge in demand for efficient and cost-effective warehousing solutions. E-commerce retailers need to be able to process and ship orders quickly and accurately in order to meet customer expectations. Warehouse robotics can help to speed up order fulfillment and reduce errors, which can improve customer satisfaction and boost sales.

3. Increasing demand for inventory accuracy and tracking: Businesses are increasingly demanding greater accuracy and visibility into their inventory levels. Warehouse robotics can help to improve inventory accuracy by tracking the movement of goods throughout the warehouse and providing real-time data on stock levels. This can help businesses to reduce shrinkage and improve their overall efficiency.

4. Government initiatives: Some governments are providing incentives or subsidies to businesses that adopt warehouse robotics. These initiatives are designed to encourage the adoption of automation and create jobs in the robotics industry.

5. Technological Advancements: Ongoing advancements in robotics technologies, including artificial intelligence (AI) and machine learning (ML), contribute to the industry's growth. These innovations enhance the capabilities of warehouse robots, making them more adaptable and efficient.

Market Segmentation:

The warehouse robotics market encompasses various segments, including:

Type: Based on type, the market is segmented into automatic guided vehicles (AGVS), autonomous mobile robots (AMRS), articulated robots, collaborative robots, cylindrical & SCARA robots, and others.

Payload Capacity: Based on payload capacity, the market is classified into less than 20 Kg, 20-100 Kg, 100-200 Kg, and more than 200 Kg.

Application: Based on application, the market divided into palletizing & depalletizing, sorting & packaging, picking & placing, and transportation.

Industry Vertical: Based on industry vertical, the market is categorized into e-commerce, automotive & transportation, foods & beverages, chemical, rubber, & plastics, healthcare, electrical & electronics, and others.

Geographical Regions: Based on region, the market is analysed into North America, Europe, and Asia-Pacific, and Rest of World (RoW).

For any queries, inquire before purchasing, here, https://www.nextmsc.com/warehouse-robotics-market/inquire-before-buying

Outlook and Future Prospects:

The market is anticipated to witness increased investments, collaborations, and partnerships as stakeholders work together to develop and implement innovative warehouse robotics solutions. Implementing warehouse robotics involves integrating various technologies, platforms, and systems. Ensuring seamless compatibility and interoperability among diverse tools can be complex and requires substantial planning and expertise.

The initial investment, including costs for robots, software, and installation, can be substantial, particularly for SMEs. Simultaneously, businesses must address safety concerns associated with human-robot interactions by implementing robust safety measures. These factors hamper the market share in the warehouse robotics industry.

Regional Dominance:

North America held a prominent market share in the global warehouse robotics industry. This is primarily attributed to the proliferation of robotics technology across a diverse range of industries, including pharmaceuticals, food and beverage, and automotive, is a driving force behind the expansion of the warehouse robotics market in this region. According to the World Robotics 2021, the Industrial Robots report presented by the International Federation of Robotics (IFR) stated that around 310,700 industrial robots were operating in factories in the U.S.

In addition, the rapid emergence of innovative technologies, coupled with the presence of prominent warehouse operators in the region, is driving market expansion. As an example, Locus Robotics, Amazon, 6 River Systems, and Honeywell International have their headquarters in the U.S. They are adopting strategies, including product launch and acquisition, to increase their market presence and dominance in the global market. Recently, Honeywell launched a new robotic technology, "Smart Flexible Depalletizer," to help warehouses boost productivity by minimizing human labor.

On the other hand, the Europe region is experiencing fastest growth in the warehouse robotics market, driven by the widespread adoption of robots has revolutionized the automotive and food and beverage industries in Europe, with the automotive sector being one of the fastest-growing industries in the region. Moreover, the escalating demand for vehicles across European nations has compelled manufacturers to bolster their regional production capacities. Consequently, the utilization of automation in automotive manufacturing plants has fueled the demand for industrial robots and warehouse robots, including AMRs and AGVs.

Furthermore, the presence of established market players including ABB, KUKA AG, KION Group AG, and KNAPP AG further propels the market's growth. These warehouse robot manufacturers are committed to extensive research and development, resulting in a continuous stream of innovative products that drive the adoption of warehouse robots across Europe. Notably, in May 2022, ABB introduced a robotics depalletizer designed to tackle complex depalletizing tasks in diverse industries, including logistics, e-commerce, healthcare, and consumer packaged goods.

Access the full report, here, https://www.nextmsc.com/report/warehouse-robotics-market

Competitive Landscape:

The market comprises various players such as KION Group AG, Honeywell International, Inc., Omron Corporation, Daifuku Co., Ltd., Media Group Co., Ltd., ABB, Yaskawa Electric Corporation, Fanuc Corporation, Toshiba Corporation, Locus Robotics, Fetch Robotics, Hangzhou Hikrobot Technology Co. Ltd., Vanderlande Industries Inc, Knapp AG, and 6 River System LLC among others. These market players are adopting several strategies, such as product launches and partnerships, across various regions to maintain their dominance in the global market.

For instance, in December 2022, ABB introduces the "ABB SWIFT CRB 1300" cobot to automate various warehouse tasks, enhancing efficiency, flexibility, and resilience. This empowers businesses to address labor shortages and focus core business activities.

Moreover, in August 2022, Dematic, a subsidiary of Kion AG, has partnered with Dexterity to bring full-task robots to warehouses. This collaboration aims to provide businesses with automated material handling solutions for tasks like palletizing and sorting.

Avail customized reports: https://www.nextmsc.com/services

Contact Us:

Next Move Strategy Consulting
Full Postal Address: 5th Floor, 867 BOYLSTON ST STE 500
E-Mail: info@nextmsc.com
Direct: +1-217-650-7991
Website: www.nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider committed to delivering high-quality market research reports. We assist multinational companies in gaining a competitive edge and expanding their industry presence by capturing a larger market share. Our research methodology combines primary research, secondary research, data mining, and data analytics to deliver reliable insights.

Over a decade, we have served over 1,000 global customers, including 90% of Fortune 500 companies. Our analysts constantly monitor high-growth markets and uncover hidden opportunities in various sectors. We offer top-quality syndicate and custom research reports across ten different industry verticals, catering to your unique business needs. Our industry-standard delivery solutions, from pre-consultation to after-sales services, ensure an exceptional client experience and support informed strategic decision-making.

This release was published on openPR.