The global warehouse robotics market is expected to witness substantial growth between 2023 and 2030. The rising adoption of warehouse robotics by key players and the implementation of strategies are driving the market growth. Warehouse robotics are professional robots used in logistics networks, primarily in warehouses for functions such as picking and transportation. These robots have become increasingly popular in the logistics industry, playing a crucial role in reducing labor costs.
The COVID-19 pandemic has had a significant impact on the global warehouse robotics market. In 2021, the market size is estimated to be worth USD 3027.3 million, and it is projected to reach USD 4823.9 million by 2028, with a CAGR of 6.8% during the forecast period 2022-2028. Kuka, ABB, Fanuc Corp, Amazon Robotics, and Dematic are the leading manufacturers in the market, with Kuka holding the largest market share.
The global warehouse robotics market is segmented by region, company, type, and application. North America currently holds the largest share in the market, followed by Europe. The market is also growing in Asia-Pacific, South America, and the Middle East and Africa.
The growth of the warehouse robotics market is driven by the increasing demand in various industries such as e-commerce, automotive, food and beverages, electronics, and others. Mobile robotics and fixed robotics are the two main types of warehouse robotics.
Overall, the warehouse robotics market presents significant opportunities for growth. The increasing adoption of warehouse robotics in mining activities is anticipated to further drive market expansion. The market is expected to witness the implementation of new industry trends to generate additional revenue streams.
– 360 Research Reports