Thu. Sep 28th, 2023
    Warehouse Robotics Market: Rising Adoption of Automation in Logistics Network

    The global warehouse robotics market is expected to grow at a considerable rate during the forecast period of 2023-2030. Warehouse robotics are professional robots that are widely used in logistics networks, particularly in warehouses, where their main functions include picking and transportation. These robots have gained popularity in the logistics industry due to their ability to decrease labor costs.

    The COVID-19 pandemic has had an impact on the global warehouse robotics market, with the market size estimated to be worth USD 3027.3 million in 2021. However, the market is expected to readjust and reach USD 4823.9 million by 2028, with a CAGR of 6.8%. Key manufacturers in the market include Kuka, ABB, Fanuc Corp, Amazon Robotics, and Dematic, with Kuka being the largest manufacturer.

    Geographically, North America holds the largest share in the global market, followed by Europe. The market is also segmented into Asia-Pacific, South America, and the Middle East and Africa. In terms of product types, the market is categorized into mobile robotics and fixed robotics, with mobile robotics holding the largest market share.

    The growing demand for warehouse robotics can be attributed to various factors such as the increasing adoption of automation in the logistics industry, particularly in e-commerce, automotive, food and beverages, electronics, and other sectors. These robots offer efficiency, accuracy, and cost-effectiveness in warehouse operations.

    Some of the leading regions in the warehouse robotics market include North America (United States, Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, and Turkey), Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam), South America (Brazil, Argentina, and Columbia), and the Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

    In conclusion, the global warehouse robotics market is witnessing growth due to the rising adoption of automation in logistics networks. These robots offer numerous benefits to the industry, including labor cost reduction and improved efficiency. With the increasing demand for automation in various sectors, the market is expected to continue its growth trajectory.

    – 360 Research Reports: Warehouse Robotics Market, by End User, Types, Region and Global Forecast to 2030 (Report ID: 21061895)
    – Image source: (Image for visual representation only)