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Warehouse Robotics Market Size

Report ID: GMI5669
Published Date: May 2023
Report Format: PDF

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Warehouse Robotics Market Size

Warehouse Robotics Market size was valued at over USD 6.5 Billion in 2022 and is anticipated to grow at a CAGR of over 10% between 2023 and 2032. The growth in e-commerce & retail, labor shortages, and the increased demand for advancements in the warehouse industry have spurred market development. Warehouse robots are used to safely perform dangerous tasks that put workers at risk.

Warehouse Robotics Market

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Warehouse robotics refers to robotic automation that uses specialized software to perform routine warehouse tasks. Warehouse robotics simplifies & automates routine tasks or processes in many end-user verticals such as e-commerce, automotive, electrical & electronics, metals & machinery, chemicals, rubber & plastics, food & beverage, and pharmaceuticals.

Warehouse Robotics Market Report Attributes
Report Attribute	Details
Base Year:	2022
Warehouse Robotics Market Size in 2022:	USD 6.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	10%
2032 Value Projection:	USD 15 Billion
Historical Data for:	2018 - 2022
No. of Pages:	200
Tables, Charts & Figures:	291
Segments covered:	Type, Component, Functions, Application
Growth Drivers:	Increasing demand for warehouses in logistics Rapid expansion of the e-commerce industry The rising demand for warehouses in the automotive industry Rising need for efficient and cost-effective solutions in logistics Increased focus on efficient & effective software solutions
Pitfalls & Challenges:	Lack of governance High costs associated with the initial investment and deployment

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The high initial investment and distribution costs will hinder market growth. The low revenues of small & medium-sized enterprises make it difficult for them to access technological equipment.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Market size for warehouse robotics was over USD 6.5 billion in 2022 and will observe over 10% CAGR of from 2023-2032 due to rapid growth in e-commerce & retail sector worldwide.

Warehouse robotics market share from the software component segment will showcase over 15% CAGR from 2023-2032 owing to surging preference for robotics for increasing efficiency and reducing logistics costs.

Asia Pacific accounted for over 35% of the warehouse robotics industry size in 2022 driven by the strong presence of major players in the region.

ABB, Bastian Solutions LLC, Daifuku Co.Ltd., Dematic, Fetch Robotics Inc., Honeywell International Inc., KNAPP AG, KUKA AG, OMRON Corporation, YASKAWA Electric Corporation, and FANUC Corporation are some of the key warehouse robotics industry players.