Warehouse Robotics Market to Grow at 11.8% CAGR by 2030
The rising adoption of warehouse robots in the e-commerce industry is the major factor that drives the growth of the warehouse robotics market. These robots can handle high volumes of orders, reduce human error, and increase overall productivity.
According to a new research report by Next Move Strategy Consulting, the global Warehouse Robotics Market was valued at USD 6.09 billion in 2022, and is expected to reach USD 15.66 billion by 2030, with a CAGR of 11.8% during the forecast period, 2023–2030.
Warehouse robots are increasingly used in automobile warehouses across the globe to increase productivity and efficiency. This factor propels the growth of the market. Collaborative robots (cobots) are used in automobile warehouses to provide employees with a safe working environment and reduce human errors & overall warehouse management costs. These factors further boost the market growth.
On the contrary, high deployment costs and cybersecurity issues associated with warehouse robots are the factors that restrain the growth of the market. On the contrary, the introduction of Industry 4.0, which integrates artificial intelligence (AI) and internet of things (IoT) into warehouse robotics to streamline workflows using improved connectivity, is likely to create ample opportunities in the warehouse robotics market in the coming years.
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The report analyzes the leading market players operating in the warehouse robotics market, including KION Group, Honeywell International, Inc., Omron, Daifuku, Media Group (Kuka Ag + Swisslog), ABB, Yaskawa Electric Corporation, Fanuc Corporation, Toshiba Corporation, and Locus Robotics.
Key Insights from the warehouse robotics market report:
The information related to key drivers, restraints, and opportunities and their impact on the warehouse robotics market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of key players operating in the global warehouse robotics market is provided in the report along with the competitive analysis.