Warehouse Robotics Market Projected to Reach $15.1 Billion by 2031

Warehouse Robotics Market is expected to reach $15.1 billion by 2031, at a CAGR of 14.4% from 2024 to 2031.

Meticulous Research®, a leading global market research company, recently published a report titled ‘Warehouse Robotics Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this report, the global warehouse robotics market is expected to reach $15.1 billion by 2031, growing at a CAGR of 14.4% during the forecast period from 2024 to 2031.

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Market Growth Drivers

The growth of the warehouse robotics market is primarily driven by the increasing focus on optimizing warehouse operations to enhance delivery speed and efficiency. The rising use of autonomous mobile robots (AMRs) and the expansion of e-commerce platforms are also key contributors. However, the high upfront costs of setting up and developing the necessary infrastructure may limit market growth.

Opportunities and Challenges

Rapid technological advancements in robotics, artificial intelligence (AI), and machine learning are expected to open up significant growth opportunities for companies operating in the warehouse robotics market. Despite these opportunities, challenges such as security risks associated with connected autonomous robots may impact market growth.

Market Segmentation

The warehouse robotics market is segmented by product type, function, payload capacity, and end user. The report also analyzes key competitors and offers insights at regional and country levels.

Product Type Insights:

• The autonomous mobile robots (AMRs) segment is anticipated to dominate, capturing over 29% of the market share in 2024. The segment’s growth is fueled by the increasing demand for warehouse automation, particularly in the rapidly expanding e-commerce sector. The need for customized AMRs designed for specific tasks, such as handling fragile goods, further strengthens the segment’s leadership.

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Function Insights:

• The picking and placing function is projected to lead the market with over 34% market share in 2024. The rising need for optimizing warehouse picking processes to increase throughput is a key driver for this segment. The focus on accurate inventory management, efficient replenishment, and preventing stockouts adds to the segment’s growth.

Payload Capacity Insights:

• The Below 20 Kg segment is expected to dominate the market, accounting for over 26% of the market share in 2024. This growth is driven by the increasing adoption of lower payload robots in industries like consumer electronics and food and beverage, along with the rising demand from e-commerce companies handling lightweight packages.

End-User Insights:

• The retail & e-commerce segment is set to lead with over 22% market share in 2024. The growth of this segment is attributed to the rising trend of online shopping, which drives demand for fast, accurate order fulfillment. The need for enhanced picking speed and order accuracy plays a critical role in the segment’s dominance.

Regional Insights

Asia-Pacific is expected to lead the warehouse robotics market, commanding over 52.7% of the global market share in 2024. The region’s growth is driven by the presence of key industry players like Daifuku Co., Ltd. (Japan), FANUC Corporation (Japan), Hikrobot Co., Ltd. (China), and Omron Corporation (Japan). The rapid expansion of e-commerce, technological advancements, and growing adoption of warehouse robotics in key industries such as semiconductors, electronics, and automotive are major contributors to Asia-Pacific’s dominance.

Key Players

Daifuku Co., Ltd. (Japan), KUKA AG (Germany), ABB Ltd. (Switzerland), FUNUC Corporation (Japan), Toyota Material Handling India Pvt. Ltd.(India), Omron Corporation (Japan), Honeywell International Inc. (U.S.), Yaskawa Electric Corporation (Japan), Onward Robotics (U.S.), Zebra Technologies Corporation (U.S.), Hikrobot Co., Ltd. (China), SSI SCHÄFER – Fritz Schäfer GmbH (Germany), TGW Logistics Group (Austria), and Addverb Technologies Limited. (India).

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These companies are investing in research and development to enhance the capabilities of warehouse robotics, positioning themselves to capitalize on the growing demand for automation in the global supply chain industry.