PUBLISHER: Market Research Future | PRODUCT CODE: 1572694
PUBLISHER: Market Research Future | PRODUCT CODE: 1572694
Global Warehouse Robotics and Automation Market Research Report By Type (Automated Storage and Retrieval Systems (AS/RS), Conveyors and Sortation Systems, Robotics Systems, Automated Picking Systems and Automated Material Handling Systems), by Organization Size (Small and Medium-Sized Enterprises (SMEs) and Large Enterprises), by Application Area (Picking and Placing, Sorting, Packing and Sealing, Transportation and Logistics, Storage and Retrieval, Quality Control and Inspection and Others), by Industry Vertical (E-commerce, Retail, Healthcare and Pharmaceuticals, Electronics and Electrical, Chemicals, 3PL (Third-Party Logistics), Manufacturing and Others), and By Region -Industry Forecast Till 2032
In 2023, the market size of warehouse robotics and automation was estimated to be USD 25,866.2 million. The Warehouse Robotics and Automation Market industry is anticipated to experience a compound annual growth rate (CAGR) of 7.9 % from USD 29,849.6 million in 2024 to USD 54,813.0 million by 2032. The utilization of an automated system and machine (or robots) to facilitate the routine operations of a warehouse is referred to as warehouse robotics. This discipline encompasses both the tangible robots and the software that is employed to operate them. These are primarily employed in warehouse automation, where they can either supplement or replace human input in the handling of products, picking of orders, and storage. In general, a warehouse robot is a single-purpose robot that is programmed to perform a specific task and is controlled by software.
A combination of cloud-based software and robotics will enable warehouses to capitalize on current market developments and satisfy the demands of modern fulfillment. Regrettably, numerous warehouses continue to function without automation. The demand for warehouse services is on the rise, and it is imperative to identify intelligent solutions that can be implemented swiftly and without disrupting existing operations. People and machines will collaborate in warehouse operations in the future.
Market segment insights
The global warehouse robotics and automation market is segmented into the following categories: automated storage and retrieval systems (AS/RS), conveyors and sortation systems, robotics systems, automated selecting systems, and automated material handling systems. This segmentation is based on type.
The Warehouse Robotics and Automation Market has been divided into Small and Medium Enterprises (SME) and Large Enterprises (LE) according to organizational size.
The Warehouse Robotics and Automation Market has been segmented into the following categories: picking and placing, sorting, packaging and sealing, transportation and logistics, storage and retrieval, quality control and inspection, and others, all of which are based on the Application Area.
Regional Perspectives
The United States, Canada, and Mexico comprise North America. This has resulted in the region's dynamic manufacturing sector remaining the primary source of wealth, employment, and innovation. The Internet of Things (IoT) is gaining popularity, and businesses in the United States are utilizing automated storage solutions to save even more time and money. Remote monitoring, prompt report status production, quicker error recovery, and increased productivity are all facilitated by automated storage systems that integrate with the Internet of Things.
The investigation encompasses the following regions: the United Kingdom, Germany, France, and the rest of Europe. Industrial automation was initially implemented in Europe. According to the CBI Ministry of Foreign Affairs, Europe is the site of more than one-third of all global Industry 4.0 investments. Its primary markets are located in Western and Northern Europe, with a particular emphasis on Germany, the country where the phrase was first employed and remains the market leader.
The manufacturing industries of the Asia Pacific region have experienced a substantial transformation over time. It is now widely acknowledged that it is imperative to promptly incorporate innovation accelerators, which include emerging cloud and mobile technologies and robotics. The Economics Times reported in December 2022 that India would require an additional 30 million square feet to construct new facilities.
The primary vendors in the bazaar DAIFUKU CO. is among the industry leaders. At present, the industry's leading participants are LTD, Kardex, Murata Machinery, Honeywell International Inc., Boston Dynamics (Hyundai Motor Group), ABB LTD, Swisslog Holding AG (A Kuka Company), Toyota Industries Corporation, SSI Schaefer, and Vanderlande.
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