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NEW YORK, Oct. 3, 2022 /PRNewswire/ — The global warehouse robotics market will witness substantial growth in the coming years. One of the key factors influencing the market growth will be the increasing demand for efficiency in distribution channels. Consumers nowadays look for e-commerce players that can quickly deliver products to their doorstep. In order to fulfill the growing requirements of consumers, retailers, e-commerce companies, and manufacturers are focusing on improving their delivery efficiencies without increasing operational costs. This is increasing the adoption of robots in warehouses to improve customer service and the speed of delivery. All these factors are influencing the growth of the global warehouse robotics market.
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Technavio estimates the market size to grow by USD 4.1 billionaccelerating at a CAGR of 13.31% between 2021 and 2026. In addition to the rising demand for efficiency in distribution channels, the market growth will also be influenced by trends such as the increased adoption of Industrial Internet of things (IIoT) technology in robotics .
End-users are integrating their warehouse robots with smart sensors and communication devices, also known as IIoT devices, to collect data. These devices collect a large amount of data from the production system that allow the operators to analyze manufacturing productivity and speed. This helps to drive the reliability of assets and improve cost-efficiency. These devices also help the engineers and operators identify components that are performing poorly and are likely to fail in the near future. This allows them to perform early predictive maintenance or replacement of components, thereby reducing breakdown during operations and production downtime and maximizing output quality. This trend will have an accelerating effect on the growth of the global warehouse robotics market during the forecast period.
The warehouse robotics market report provides complete insights on key vendors including ABB Ltd., Daifuku Co. Ltd., FANUC Corp., Fritz SCHAFER GmbH and Co KG, Geekplus Technology Co. Ltd, Hangzhou Hikvision Digital Technology Co. Ltd., IAM Robotics , inVia Robotics Inc, John Bean Technologies Corp., KION GROUP AG, KNAPP AG, KUKA AGLocus Robotics Corp., Magazino GmbH, Murata Machinery Ltd., OMRON Corp., Teradyne Inc., Toyota Industries Corp., Vecna Robotics Inc., and Yaskawa Electric Corp.
The global warehouse robotics market is fragmented. The market is characterized by the presence of numerous vendors of different sizes. Major players hold a significant share of the market. These players are backed with huge financial resources and technical know-how. They are continuously investing in their R&D capabilities to introduce technologically-advanced warehouse robotics with increased efficiency and capabilities. The market also comprises numerous startups and a number of new startups enter the market every year. These smaller vendors are generally focused on very specific niche segments, such as providing solutions only to restaurants or retailers. The bigger companies offer comparatively more advanced warehouse robotics and cater to different companies by providing other value-added services.
The report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Request Sample Report Here
- By application, the market is classified into segments such as e-commerce, automotive, electrical and electronics, and others. The market growth in the e-commerce segment will be significant over the forecast period.
- By geography, the market is analyzed across regions such as APAC, North America, Europe, South Americaand the Middle East and Africa. APAC will have the largest share of the market. About 46% of the market growth will originate from APAC during the forecast period.
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Warehouse Robotics Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13.31% |
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Market growth 2022-2026 |
USD 4.1 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
12.74 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 46% |
