The warehouse robotics market is poised for significant expansion, projected to surge from USD 1,540.57 million in 2024 to a milestone of USD 5,609.75 million by 2034. Over the decade from 2024 to 2034, this sector is expected to experience a notable Compound Annual Growth Rate (CAGR) of 13.8%.

The driving force behind this growth is the escalating demand for consumables and perishable goods, particularly evident in sectors like electronics, automotive, and e-commerce. These industries have witnessed remarkable expansion, leading to an amplified requirement for efficient and timely warehousing solutions. In this evolving landscape, the warehouse robotics market emerges as a pivotal player, enabling advanced goods storage, handling, and delivery processes.

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Shifting demographics and widespread internet accessibility have led to an increased demand for goods through online sales channels. This surge in demand has fueled the construction of new e-commerce warehouses on a global scale, presenting numerous opportunities for automation solutions. The industrial robotics sector accounted for approximately 3% to 5% of the global market in 2022.

The industrial robotics market witnessed significant growth in 2021, and this upward trend is expected to persist throughout the projected period. According to the International Federation of Robotics, the annual installation of industrial robots surged from 394,000 units in 2020 to 517,000 units in 2021, indicating a remarkable growth of around 30%.

Within the Asia Pacific region, China, Japan, South Korea, and the Association of Southeast Asian States remain the leading markets for industrial robot sales. With the increasing adoption of robots across various industries, there is a promising potential for robots to play a profitable role in warehouse tasks.

Competitive Landscape: Warehouse Robotics Market

To enhance efficiency, numerous established companies and emerging robot startups are focusing on innovative and cutting-edge warehouse solutions. Well-established players are pursuing strategies involving acquisitions.

These companies are also working on developing new and integrated robotic solutions to meet the evolving needs of end-users. Launching new warehouse projects, especially in developing nations, is a priority for many businesses, driven by the rising demand for third-party logistics.

For example,

In February 2022, Hai Robotics announced its collaboration with the world's largest sportswear company, Anta, for a new autonomous warehouse project. Hai Robotics, with its involvement in projects like the Anta collaboration, is gaining recognition as a leading supplier in the industry, particularly in the apparel and footwear market. This success is attributed to its active participation in multiple projects.

Key Players in the industry:

ABB Ltd.
Addverb Technologies
Daifuku
FANUC Corporation
Geekplus Technology
Hikrobot
IAM Robotics
InVia Robotics Inc.
JBT
KION Group AG, among others
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Warehouse Robotics Market Outlook by Category:

By Product Type:

Autonomous Mobile Robots
Automated Guided Vehicle
Articulated Robots
Cylindrical and SCARA Robots
Collaborative Robots
Others
By Function:

Picking & Placing
Palletizing & De-Palletizing
Transportation
Packing
By Payload Capacity:

Below 100 Kg
100 to 200 Kg
200 to 300 Kg
300 to 400 Kg
400 to 600 Kg
600 to 900 Kg
900 to 1200 Kg
Above 1200 Kg
By End-use Industry:

Food & Beverage
Electronics & Electrical
Metal & Machinery
Automotive
Pharmaceuticals
Independent Warehouse
Cold Storage
Dry Storage
E-commerce
Chemical, Rubber and Plastics
Others
By Region:

North America
Latin America
East Asia
South Asia Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan & Baltic Countries
Middle East & Africa
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