According to a new report by Adroit Market Research, the warehouse robotics market is projected to reach a value of approximately $15.79 billion by 2030. This represents a significant increase from the $4.4 billion market value in 2020. The market is expected to grow at a compound annual growth rate (CAGR) of 15.81% from 2021 to 2030.
The rise in demand for robotics and warehouse automation can be attributed to the rapid growth of e-commerce and omnichannel retailing. As the report states, robotics is a crucial component of the logistics infrastructure for e-commerce businesses, which need to handle a large volume of orders quickly and accurately. The adoption of warehouse robots allows businesses to increase productivity, reduce labor costs, and improve overall supply chain operations.
Warehouse robots are becoming increasingly powerful, adaptable, and cost-effective due to advancements in robotics, artificial intelligence (AI), machine learning, and sensor technologies. These technological improvements make them an ideal solution for addressing labor shortages in storage and logistics across various industries.
Asia Pacific is expected to dominate the warehouse robotics market in the coming decade, with Japan’s Nippon Technologies currently supplying around 44% of warehouse robots worldwide. In Europe, Germany is emerging as a powerhouse in this sector, accounting for approximately 38% of the overall market.
Meanwhile, a recent report by DHL titled “Future of Work in Logistics 2021-2022” highlights the integration of technology into the logistics sector, enhancing the capabilities of the supply chain workforce. The report reveals that the majority of logistics professionals have a positive view of technology’s impact on their current responsibilities. However, there is some concern about future advancements in automation and artificial intelligence, with a significant portion of operational and office staff expressing apprehension about job security and career prospects.
In conclusion, the warehouse robotics market is poised for significant growth in the coming years, driven by the increasing demand for automation in the logistics industry. Advancements in technology will continue to make warehouse robots more efficient and cost-effective, revolutionizing the way businesses handle their supply chain operations.
– Adroit Market Research
– DHL “Future of Work in Logistics 2021-2022” report