Warehouse Robotics Market: Current Analysis and Forecast (2021-2027)

Warehouse robotics refers to the use of automated systems, robots, and specialized software to move materials, perform various tasks, and automate warehousing processes. Warehouse robotics provide several benefits such as improved performance, improved working conditions, reduced errors, and reduced staff costs.

The warehouse robotics market has been growing at propelling rate over the years and is expected to witness influential growth during the forecasted period as well. Factors such as rapid warehouse automation, and the increasing collaboration of warehouse robotics with e-commerce are positively impacting the growth of this market. Moreover, increasing investments in warehouse automation coupled with the global rise in labor costs are also driving the warehouse robotics market.

Based on product type, the market is segmented into mobile robots, articulated robots, cylindrical robots, SCARA robots, parallel robots, and cartesian robots. In 2020, articulated robots accounted for a prominent share of the global warehouse robotics market and are expected to witness influential growth during the forecast period. This is due to the flexibility of these robots and the wide range of tasks they can perform

On the basis of function, the market is categorized into pick & place, palletizing & depalletizing, transportation, packaging, and others. Among these, the packaging segment captured a significant share in the global warehouse robotics market in 2020 and is anticipated to hold a prominent share during the forecast period. This is because several businesses are deploying robotic systems for enhancing packaging performance by installing sustainable and future-proof solutions

Based on end-user, the warehouse robotics market has been classified into e-commerce, automotive, electrical & electronics, machinery food & beverages, pharmaceuticals, and others. Among these, the e-commerce segment held a significant share of the global warehouse robotics market in 2020 and would continue to grow at a steady rate during the forecast period. This is mainly due to the e-commerce trends that are influencing the warehousing, manufacturing, and logistic industries

For a better understanding of the market adoption of the warehouse robotics industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. The increasing trend of online retail shopping, the rising number of start-ups in the region that are developing mobile robots, the increasing prices of warehouse labor, and growing investments by large enterprises and SMEs in the development of mobile robots are some of the key factors driving the growth of the APAC warehouse robotics market. Moreover, the rapidly rising manufacturing sector in the region is further influencing the growth of the market in the region

Some of the major players operating in the market include KUKA AG, Yamaha Robotics Holdings, ABB Ltd, KION GROUP AG, Daifuku Co. Ltd., YASKAWA ELECTRIC CORPORATION, Fetch Robotics, Inc., Honeywell International Inc., Siemens AG, and FANUC Corporation