Warehouse Robotics Market Expected to Expand at 8.9% CAGR Through 2031
The global warehouse robotics market, valued at approximately USD 12.2 billion in 2021, is poised for significant expansion, with projections indicating a compound annual growth rate (CAGR) of 8.9% from 2022 to 2031. By the end of this forecast period, the market is expected to reach an impressive USD 27.9 billion. The surge in the adoption of warehouse robotics solutions across various industries, including food & beverage, fast-moving consumer goods (FMCG), third-party logistics (3PL), and retail sectors, is driving this growth. Additionally, increasing collaborations between warehouse robotics companies and e-commerce giants are further fueling market expansion.
Experts in the field are optimistic about the future of the warehouse robotics industry. The rise in the adoption of autonomous mobile robots (AMRs) in warehouse settings is a key factor contributing to market growth. Companies at the forefront of the warehouse robotics sector are focusing on innovation to meet the evolving needs of end-users. By closely monitoring market trends and responding with advanced solutions, these players are strengthening their positions in the industry.
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Market Introduction: Warehouse robotics involves the integration of computerized technologies with hardware to deploy robots as alternatives to human labor in various warehouse operations. These robots are capable of lifting, pushing, sorting, pulling, storing, and retrieving products, leading to increased productivity and efficiency in manufacturing and warehouse environments. The adoption of robotic technology in warehouses offers numerous benefits, including improved cycle times, easier material relocation, more efficient labor utilization, reduced contamination, compliance with regulatory standards, lower waste, cost savings, better space utilization, and enhanced employee safety.
The growing recognition of the need for industrial automation and various types of warehouse robots is expected to drive the market forward. Key factors such as the rapid growth of the e-commerce sector, high production rates of consumer goods, and the increasing adoption of warehouse robotics equipment in frozen food and cold storage facilities are contributing to the market’s expansion.
Rise in Adoption of Warehouse Robotics Equipment in Food & Beverage Industry
Warehouse robotics plays a crucial role in efficiently storing and transporting frozen and chilled food products, ensuring that they are maintained at the appropriate temperature throughout the handling process. This is particularly important in the food & beverage industry, where manufacturers are prioritizing the selection of the right equipment to comply with cold storage standards. Cold storage facilities are increasingly deploying various types of robots for tasks such as palletizing, depalletizing, loading, unloading, sortation, and storage.
In North America, for example, the Food and Drug Administration (FDA) regulates cold chain products, including temperature-sensitive goods such as meat, seafood, fruits, frozen foods, and vaccines. Automated freezer warehouses offer several benefits, including reduced storage space requirements, lower operating costs, decreased energy consumption, and reduced labor needs. Additionally, the growing popularity of ready-to-eat meals, especially among younger generations, is further driving the demand for warehouse robotics in this sector.
Growth in Popularity of AMRs and AGVs
Automated guided vehicles (AGVs) are becoming increasingly popular in warehouses for automating transportation activities, including storage, picking, and sorting. AGVs are particularly useful in environments that require repetitive, constant material deliveries. Warehouse service providers are focusing on reducing the work time associated with end-of-line packaging functions, such as labeling, quality checks, and inspections. AGVs and AMRs help address these needs by minimizing work delays and other operational challenges.
Some AGVs are equipped with robotic arms that can automatically pick and place goods, further enhancing their utility in warehouse settings. As the industry moves toward smart manufacturing, the adoption of AMRs is expected to increase, driving growth in the warehouse robotics market.
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High Preference for Robots in Warehouses
In 2021, the robots segment accounted for a significant 66.9% share of the global warehouse robotics market, a trend that is expected to continue during the forecast period. The growing demand for AGVs and AMRs in the e-commerce sector is a key driver behind this trend. The COVID-19 pandemic accelerated the adoption of robots in warehouses as companies sought to improve operational productivity while adhering to safety protocols. The advent of the Industrial Internet of Things (IIoT) is also contributing to the increased use of robots in warehouses.
Regional Outlook
In 2021, North America held a dominant 37.7% share of the global warehouse robotics market, driven by the early adoption of warehouse automation solutions. The United States, in particular, is a key market for vendors offering solutions for automated factories, warehouses, distribution centers, and storage facilities. As the country approaches the fifth industrial revolution, the use of robotics in production planning and execution is expected to expand significantly.
Europe is another important market for warehouse robotics, accounting for 26.5% of the global market in 2021. The presence of prominent manufacturing corporations in countries such as Germany, Sweden, Denmark, Italy, and France is driving the adoption of robots in the region’s manufacturing sector.
In Asia Pacific, the warehouse robotics market is expected to grow rapidly due to increasing investment in warehouse robotics solutions and strong demand from end-use customers. Government support for manufacturing industries and industrial automation is further contributing to market growth in the region.
Analysis of Key Players
The global warehouse robotics market is fragmented, with established players holding significant market shares. Leading companies are investing heavily in research and development to introduce fully automated, precise, and environmentally friendly systems. Key strategies such as new product development and mergers & acquisitions are also being employed by market leaders to enhance their market positions.
Prominent players in the global warehouse robotics market include ABB, ATS Automation Tooling Systems Inc., Omron Corporation, FANUC America Corporation, Fortna Inc., Geekplus Technology Co., Ltd., HAI ROBOTICS, KUKA AG, Locus Robotics, Multiway Robotics (Shenzhen) Company, Prime Robotics, RightHand Robotics, Inc., Sage Automation Inc., Schneider Electric, YASKAWA ELECTRIC CORPORATION, and Zebra Technologies.
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