by Warehouse robots are automated machines that help in material handling and transport within warehouses and distribution centers. They assist manual labor by carrying out repetitive tasks with high accuracy and efficiency. Adoption of warehouse robots help reduce operational costs, improve productivity, minimize risks of on-site accidents and are more consistent compared to human workforce.
The global Warehouse Robotics Market is estimated to be valued at US$ 13.18 billion in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
With growing e-commerce industry and demand for faster delivery of products, there is rising need for automating warehouse processes to improve efficiency. Warehouse robots help speed up operations like picking, sorting, transportation within facilities. They ensure tasks are completed accurately and consistently at high speeds. Various industries are increasingly adopting collaborative robots that can work safely alongside humans without risk of injuries. This has propelled the use of autonomous mobile robots in warehouses. Advancements in technologies like artificial intelligence, machine learning and Internet of Things is further enhancing the capabilities of warehouse robots.
Segment Analysis
The global warehouse robotics market is dominated by mobile robots segment. Mobile robots sub-segment holds the largest share of more than 50% of the total warehouse robotics market. Mobile robots are witnessing high demand due to their ability to transport materials within the warehouse without any fixed guidance system. They reduce the warehouse operational costs and improve productivity by automating the material movement within the warehouse premises.
Key Takeaways
The Global Warehouse Robotics Market Size is expected to witness high growth. The global Warehouse Robotics Market is estimated to be valued at US$ 13.18 billion in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030.
The Asia Pacific region dominates the warehouse robotics market with over 35% share and is expected to witness the fastest growth during the forecast period. Countries like China, India and Japan are majorly driving the demand for warehouse robotics in the region. Presence of large warehouses and mounting labor costs are compelling industries to adopt robotics solutions for warehouse operations.
Key players related content comprises: Key players operating in the warehouse robotics market are Apogee Enterprises Inc., Fletcher Building, Ply Gem Holdings Inc., YKK AP Inc., LIXIL Group Corporation, Xingfa Aluminium, Sapa Group, PGT Inc., Wacang, and Fenan Group.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
