The global warehouse robotics market size was USD 5,512.6 Million in 2020, which is expected to reach USD 14.93 Billion in 2027 and register a steady 15.3% CAGR over the forecast period, according to latest analysis by Emergen Research. The report provides detailed insights into warehouse robotics market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in warehouse robotics market size over the forecast period, 2020–2028. The steady growth of the warehouse robotics market can be attributed to growing emphasis on warehouse automation as warehouse automation offers several advantages, including space savings, enhanced productivity, efficient flow of materials, lesser workforce requirement, lower operational expenditure, reductions in inventory level, improved return on investment, and safer operations. The Logistics Robots report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Technological advancements in robotics and automation solutions have been resulting in significant changes across a range of industries and sectors. Varying market trends can be attributed to inclining revenue growth of the global warehouse robotics market going ahead. warehouse robotics market trends include rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition. Other positive warehouse robotics market trends include rising demand and deployment in respective sectors/industries in major and developing countries. In addition, implementation of favorable government policies, advancements in technology, and steady economic growth across various regions and countries are factors expected to continue to result in further warehouse robotics market trend evolution and changes going ahead. Companies in the field are constantly researching and developing new and more efficient and advanced solutions for various applications and industries.
In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of warehouse robotics market share contribution of these countries. In addition, warehouse robotics market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
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In terms of warehouse robotics market share and revenue contribution to the global warehouse robotics market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in warehouse robotics market share.
The market intelligence report on the Logistics Robots Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Some Key Highlights in the Report
- In May 2020, ABB Ltd. announced the introduction of IRB 390 FlexPacker with faster and higher payload to support vertical packaging, custom-made packaging, and high-variation, high-speed sorting, and on-demand order picking in e-commerce and logistics warehouses.
- Automated guided vehicles segment dominated other robot type segments in terms of revenue share in the global logistics robot market in 2020. This robot type finds extensive application in movement of inventory and materials within warehouses. Automated guided vehicles are used to substitute manual pick carts or forklifts, thereby reducing human intervention that may lead to inaccurate workflows, and eventually reduces waste and increases output, thus enhancing productivity and accuracy of warehouse operations. Also, automated guided vehicles can operate round the clock and in conditions where human workforce either cannot, or do so with reduced efficiency such as in hazardous environments or under harsh weather conditions.
- The primary advantage of pick and place logistics robots are operational consistency and speed. These logistic robots can be modified to cater to specific warehouse requirements and can be easily programmed for use in multiple applications.
- Asia Pacific warehouse robotics market revenue is expected to continue to register the fastest CAGR as compared to other regional markets during the forecast period. This can be attributed to increasing investments in warehouse automation, growth in automotive and retail sectors, especially e-commerce, and robust presence of leading robotic firms in countries in the region.
- Major companies operating in the warehouse robotics market include Clearpath Robotics Inc., Omron Corporation, Alstef Group, Midea Group, ABB Ltd., Toshiba Corporation, Kion Group AG, Teradyne Inc., Kawasaki Heavy Industries Ltd., and Toyota Industries Corporation.
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Region wise performance of the Logistics Robots industry
North America warehouse robotics market trend scenario has significant impact on other regional market trends. North America warehouse robotics market accounted for largest revenue share in 2020 and is expected to continue to maintain its dominance over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall warehouse robotics market trends.
Asia Pacific warehouse robotics market is expected to register comparatively faster revenue growth than other regional markets over the forecast period. This can be attributed to varying warehouse robotics market trend scenarios in countries such as China, India, South Korea, and others. These scenarios with regard to domestic market trends and international market trends and varying impacts play a major role in growth of the Asia Pacific market.
Asia Pacific market share contribution to the global warehouse robotics market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Increasing population, favorable government policies and initiatives, rising disposable income among consumers in countries in the region, influence of warehouse robotics market trends in other countries and regions, and steady economic growth are some key factors driving market revenue growth of the Asia Pacific warehouse robotics market.
Europe warehouse robotics market size and revenue growth is primarily supported by warehouse robotics market trends such as continuous developments in major countries in the region, robust focus on research and development initiatives by major firms, and changing market trends in countries in other major regions.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Logistics Robots industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the warehouse robotics market across different regions?
- Who are the major driving forces expected to decide the fate of the Logistics Robots industry worldwide?
- Who are the prominent market players making a mark in the warehouse robotics market with their winning strategies?
- Which Logistics Robots industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the warehouse robotics market?
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