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The global warehouse robotics market was valued at US$ 5.04 Billion in 2021.
We expect the global warehouse robotics market to exhibit a CAGR of 13.20% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment of warehouse robotics solutions to minimize redundant processes and frequent wear and tear, owing to the shortage of skilled laborers.
The rising integration of connected devices with the Industrial Internet of Things (IIoT), cloud computing, and AI solutions for improved object perception and positioning that facilitate efficient picking, ordering, packaging, etc., is primarily driving the global warehouse robotics market.
Based on the type, the global warehouse robotics market has been segmented into articulated, gantry, Automated Storage and Retrieval System (ASRS), mobile, and others. Among these, mobile exhibit a clear dominance in the market.
Based on the end user, the global warehouse robotics market can be bifurcated into food and beverages, automotive, retail, electronics and electrical, pharmaceuticals, and others. Currently, the retail sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global warehouse robotics market include ABB Ltd., Amazon.com Inc., Fanuc Corp., Fetch Robotics Inc., Honeywell International Inc., Kuka AG, Locus Robotics, Omron Corporation, Siemens AG., Yamaha Motor Co. Ltd., and Yaskawa Electric Corp.
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