Global Warehouse Robotics Market Report 2023: Need for Greater Efficiency and Accuracy in Warehouse Operations Bolsters Growth - ResearchAndMarkets.com

The "Warehouse Robotics Market Size, Share & Trends Analysis Report By Product, By Function (Pick & Place, Transportation, Packaging), By Payload Capacity, By Component, By Software, By Application, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global warehouse robotics market size is anticipated to reach USD 17, 292.1 million by 2030, exhibiting a CAGR of 19.6% over the forecast period.

Companies Mentioned

• ABB
• Bastian Solutions LLC
• Daifuku Co. Ltd.
• Dematic
• Fetch Robotics Inc.
• Honeywell International Inc
• KNAPP AG
• KUKA AG
• OMRON Corporation
• YASKAWA Electric Corporation
• FANUC Corporation

The expansion of the e-commerce industry, rising labor costs, and the need for greater efficiency and accuracy in warehouse operations fuel the growth of the market.

The e-commerce sector is witnessing remarkable growth due to technological advancements. Technologies like Virtual Reality (VR), Augmented Reality (AR), blockchain technology, Machine Learning (ML), and Artificial Intelligence (AI) are enhancing the shopping experience. Thus, companies seek new methods to enhance operations and logistics while reducing delivery time and costs.

Robots offer a smart, cost-efficient alternative to human labor by automating warehouses catering to the increasing need of the e-commerce sector. The robots help companies to maintain employee safety standards and enhance production quality by performing various tasks such as handling the incoming consignment, picking, packing, slotting, shipping, and asset tracking by saving considerable time and effort.

The COVID-19 pandemic impacted the warehouse robotics industry substantially in terms of the demand for robotics and the supply chain of the robotics industry.

However. The need for efficient and contactless order fulfillment and labor shortage due to lockdowns fueled the demand for robots and other automation tools in business operations. The market has shown rising demand and continuously growing as companies invest heavily in research and development activities to improve existing technologies and launch advanced robots.

The initial investment of the robotic set-up into the warehouse is high, creating significant challenges for small and mid-sized companies. Furthermore, implementing robots in warehouse operations is affecting labor jobs. The rising adoption of robots is expected to affect employment and wages, affecting the further growth of the warehouse robotics industry over the forecast period.

Warehouse Robotics Market Report Highlights

• The cartesian robots are expected to witness a CAGR of approximately 20% in the product segment from 2023 to 2030. The factors such as accuracy, precision, and ability to handle heavy loads is expected to fuel the growth
• In terms of function. The transportation segment is anticipated to grow at the fastest CAGR of 20.4% over the forecast period. The growth is attributed to increased demand for sorting, loading, and unloading goods from robots
• The 11 kg to 80 kg warehouse robots is likely to witness a CAGR of approximately 20% from 2023 to 2030. The ability to efficiently handle medium and heavy-weight items in manufacturing, healthcare, food, beverages, and other industries is expected to support the growth
• The software segment is estimated to experience a CAGR of approximately 21% over the forecast period. The segment is divided into a warehouse management system, a warehouse control system, and a warehouse execution system
• The healthcare industry is anticipated to witness the fastest CAGR of approximately 21% in the application segment from 2023 to 2030. The growth is attributed to the continuous developments and increased implementation of robots in the healthcare sector to perform a variety of tasks in healthcare warehouses

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Warehouse Robotics Market Variables and Trends

3.1 Market Lineage Outlook

3.2 Industry Value Chain Analysis

3.3 Market Dynamics

3.3.1 Market Driver Impact Analysis

3.3.1.1 Growing E-Commerce Industry

3.3.1.2 Increasing Cognizance Towards Production Quality And Safety

3.3.1.3 Aging Workforce In Warehouse Operations

3.3.1.4 Technological Advancement In Robotics

3.3.2 Market Restraint Impact Analysis

3.3.2.1 Threat Of Job Replacements

3.3.2.2 High Initial Investment

3.3.3 Market Opportunity Impact Analysis

3.3.3.1 Development Of Collaborative Robots

3.3.3.2 Integration Of Industry 4.0

3.4 Roadmap of Warehouse Robotics Market

3.5 Industry Analysis Tools

3.6 Impact Of Covid-19 On The Warehouse Robotics Market

3.7 Market Entry Strategies

Chapter 4 Warehouse Robotics Market: Product Estimates & Trend Analysis

Chapter 5 Warehouse Robotics Market: Function Estimates & Trend Analysis

Chapter 6 Warehouse Robotics Market: Payload Capacity Estimates & Trend Analysis

Chapter 7 Warehouse Robotics Market: Component Estimates & Trend Analysis

Chapter 8 Warehouse Robotics Market: Application Estimates & Trend Analysis

Chapter 9 Regional Estimates & Trend Analysis

Chapter 10 Warehouse Robotics Market - Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/egtqsm

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