5th of November 2021
Insights

Global Warehouse Robot Market is Projected to Grow at 11.9% CAGR and Reach 8.9 Billion USD by 2028

Warehouse robotics market consists of robots that are used in warehouses. These include cartesian robots, cylindrical robots, mobile robots, parallel robots, SCARA robots and stationery articulated robots.

The penetration of warehouse robotics is making it possible to eliminate the challenges of increased supply chain complexities, high costs of compliance, and a rising level of interconnectivity on the plant floor. Increasing emphasis of venture capitalists has been observed in the logistics and warehouse robot start-ups, who are utilizing the advancements in sensor technology and leading an efficient workflow automation solution in operation. Increasing investments are one of the factors driving the global warehouse robotics market.

According to Statzon, the global market for warehouse robots is estimated at 4.0 billion USD in 2021. The market is projected to reach 8.9 billion USD by 2028, growing at a CAGR of 11.9% over the forecast period.

Regions and Countries 

Asia-Pacific has the largest share of the global warehouse robotics market, 47% in 2021. China, Japan and South Korea have established an automation technology base which makes it easy to adopt warehouse robotics. Big market players have been manufacturing robots for a long time and have been innovating to increase productivity and cost-efficiency. These factors have contributed to the growth of warehouse robotics market in the APAC region.

Warehouse Robot Types, Applications and End Users

Automotive and transportation end user vertical takes up the largest share of the market (28%). When it comes to the types of warehouse robots, mobile robots segment takes up the largest share (35%) of the market. Warehouse robotics market is split quite evenly into different application areas. Packaging is the most common usage area of warehouse robotics taking 28% of the market. Transportation is the fastest growing application area with 12.8% CAGR.

Competitive Lanscape

The warehouse robotics market is highly competitive and characterized by the presence of a large number of international and regional players in the market. Major market players include companies like ABB, KUKA, Amazon, Fanuc, Yaskawa among others.

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