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The Global Warehouse Robotics Market size is
estimated to reach US$9.5 billion by 2027, growing at a CAGR of 14% from 2022 to
2027. Increased demand for
distribution center automation, fulfillment automation, warehouse digitalization
and intelligent warehousing are propelling the Warehouse Robotics Industry
forward during the forecast period. In June 2022, FANUC launched three new
robot variants including SR-3iA/U, SR-6iA/C and SR-3iA/C variants to meet the
needs of automation in assembly, packaging and inspection processes. However, the lack of a skilled workforce for the operation of these robots is hampering the
market growth. Automated
Warehouse Robots are being used in the e-commerce industry for Picking & Placing,
Assembling & Dissembling, Transportation, Sorting & Packaging of commodities and other applications. In May 2022, ABB launched IRB 5710 and 5720
robots which provide better speed and flexibility of material handling with a payload capacity of 70kgs–180kgs. These factors are influencing the Warehouse
Robotics industry outlook during the forecast period.
Europe
generated approximately 28% of the global revenues in the Warehouse Robotics industry
in 2021. The increasing demand for distribution center automation and fulfillment
automation combined with technological advancements in automated warehouse
robots are driving the Warehouse robotics industry forward across Europe during
the forecast period. In May 2020, Bulgarian Automation specialist RobCo
S.W.A.T. collaborated with RoboDK to provide automotive experts with advanced
Industry 4.0 solutions and thereby increase the Warehouse Robotics Market size.
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Warehouse Robotics Market Growth Drivers:
- The growing Automotive industry fosters the demand for warehouse robotics:
The automotive industry has
become way more competitive in recent years. The major manufacturers in the
automotive industry are constantly trying to offer differentiated values
through improved warehousing automation. The automotive industry is one of the
largest end-users of warehouse robots in its manufacturing and warehousing
operations. The use of robots has enabled efficient and accurate material
handling in the warehouse and reduced time to market the products.
Simultaneously, with the help of automated warehouse robots, suppliers are
trying to reduce the cost of unproductive labor hours and maximize
productivity. In 2021, according to the
data published by OICA, the number of passenger cars sold across the world
stood at 66.7 million units. This rapidly growing automotive industry creates
ample opportunities for warehouse robots which in turn positively influence the
Warehouse Robotics Industry outlook during the forecast period.
The Major Players in this Market
Major players in Warehouse Robotics Market include ABB Ltd, Kuka AG, FANUC, Omron Automation, Yaskawa and Honeywell International Inc.
In June 2022, Nau Robotics
launched a new multi-joint robot ‘NURO X’ at the International Packaging
Equipment Exhibition 2022. This ‘NURO X’ articulated robot is expected to
change the shape of plastics to move to the conveyor after production, thereby
eliminating limitations of existing orthogonal robots.