Warehouse Mobile Robots Market Size (2023 – 2030)

The Global Warehouse Mobile Robots Market is estimated to be worth USD 11.39 Billion in 2022 and is projected to reach a value of USD 35.65 Billion by 2030, growing at a CAGR of 15.33% during the forecast period 2023-2030.

Within the larger robotics business, the warehouse mobile robots market is one area that is expanding quickly. The material handling, transportation, and inventory management duties that are performed in warehouse and distribution centre activities can all be automated by these robots. In the upcoming years, the demand for e-commerce is anticipated to increase, as is the need for more efficient and economical warehouse operations. These and other factors are anticipated to fuel the market for mobile warehouse robots. The expanding demand for e-commerce is one of the major factors propelling the market for movable robots for warehouses. Retailers are looking for ways to speed up delivery and cut costs as more customers opt to buy online. By automating many of the duties involved in warehouse operations, from picking and packing to transportation and delivery, warehouse mobile robots provide a solution to this problem. By processing orders more swiftly and precisely thanks to automation, retailers can boost revenue and customer satisfaction. Within the larger robotics industry, the warehouse mobile robots market is a vibrant and quickly developing sub-segment. We can anticipate continued growth and innovation in this market as e-commerce expands and businesses look for methods to streamline their warehouse operations. The market for warehouse mobile robots is poised for ongoing growth in the years to come thanks to the development of cutting-edge technologies and the growing accessibility of sophisticated robotics solutions. 

Global Warehouse Mobile Robots Market Drivers:

Increased Demand for the E-commerce Industry is fuelling market demand.

The global market for mobile robots for facilities is being driven by the rising demand for e-commerce. The growth of online purchasing has resulted in a significant increase in the number of orders that warehouses and distribution centres need to process and complete. This has increased the need for more efficient and cost-effective methods of handling and transporting goods. Warehouse mobile robots, which automate many warehouse operations tasks like material handling, picking and packing, transportation, and distribution, provide a solution to this issue. By using these robots, retailers can process orders more quickly and accurately, boost sales, and improve client satisfaction. The demand for more accurate and trustworthy inventory management is a major element propelling the market for mobile robots used in warehouses. Companies need accurate and current information about their inventory levels due to the rise in the number of goods being sold online. Stock-outs and overstocks are less likely when warehouse mobile robots are equipped with sensors and software that allow them to monitor inventory levels in real time. This can assist businesses in cost-cutting and warehouse management optimization.

Improvements in Robotics Technology are boosting market demand worldwide.

Technology development has also played a significant role in propelling the worldwide market for mobile robots used in warehouses. The improvement of sensor technology, machine learning techniques, and artificial intelligence has made storage mobile robots more adaptable and powerful. These robots are now capable of navigating challenging environments, dodging hazards, and making prompt choices in response to their immediate environment. As a result, they are now more functional and valuable for a broader range of applications. The creation of cloud-based robotics solutions is another technological development that is fuelling the rise of the market for mobile robots used in warehouses.

Global Warehouse Mobile Robots Market Challenges:

The high cost of installing robotic systems in warehouses is a major entry barrier for many companies. However, these systems can offer several benefits, particularly in terms of raising output and cutting labour costs. Businesses can investigate different financing options to address this problem, such as leasing or renting robotic systems, to reduce upfront costs and allow a more gradual rollout. Additionally, some companies may decide to start with smaller-scale robotics projects to test the waters before committing to a full-scale implementation. Another obstacle to the widespread adoption of mobile warehouse robots is the need for specialised technical knowledge to operate and handle these systems. For small and medium-sized businesses that might not have the required internal expertise, this can be especially intimidating. Companies can work with robotics suppliers and service providers to handle this issue because they can provide technical assistance and training to close the skills gap.

Global Warehouse Mobile Robots Market Opportunities:

The possibility for greater customization and flexibility in robotic systems represents one significant business opportunity for the global warehouse mobile robots market. Companies will require warehouse mobile robots that can be readily customised and tailored to their unique requirements as they continue to adapt to shifting consumer and market demands. Manufacturers can take advantage of this opportunity and provide solutions that can meet the specific requirements of a broader range of customers and applications by creating more adaptable and flexible robotic systems. 

COVID-19 Impact on the Global Warehouse Mobile Robots Market:

The global market for mobile warehouse robots has experienced both positive and negative effects as a result of COVID-19. Positively, the pandemic has increased the demand for online shopping, which has increased the number of orders that need to be processed and completed by warehouses and distribution centres. Due to this, there is now a chance for the use of mobile warehouse robots to automate many warehouse operations duties and boost productivity. Inversely, the pandemic has slowed the uptake of warehouse mobile robots in some areas by causing supply chain disruptions, workforce shortages, and financial uncertainty. Additionally, some businesses that are struggling financially may find it difficult to adopt robotic systems due to the high initial investment needed.

Global Warehouse Mobile Robots Market Recent Developments:

• In September 2021, The "FlexBuffer" autonomous work cell from ABB has been unveiled for use in e-commerce supply chain operations. This cutting-edge solution increases flexibility for businesses across a variety of industries by providing an adaptable multi-functional solution for duties like sequencing, buffering, storage, and order consolidation. FlexBuffer is designed to improve supply chain efficiency and help businesses adjust to changing consumer expectations.

• In January 2022, Heavy objects like battery packs and automobile components can be handled by the M-1000iA robot from FANUC America. Its 3,253mm horizontal and 4,297mm vertical reaches can each carry 1000 kg of cargo. It can move farther forward, backward, and vertically thanks to the serial-link construction. Manufacturers seeking to maximise the productivity of their production line can start using it immediately.

WAREHOUSE MOBILE ROBOTS MARKET REPORT COVERAGE:

Global Warehouse Mobile Robots Market Segmentation: By Type

• Automated Guided Vehicles (AGVs)

• Autonomous Mobile Robots (AMRs)

• Humanoid Robots

• Others

Automatic guided vehicles (AGVs), autonomous mobile robots (AMRs), humanoid robots, and others can be classified as types of mobile robots used in warehouses. Due to their high demand for material handling applications in sectors like automotive, manufacturing, and food & beverage, AGVs are anticipated to hold the largest share of the market. On the other hand, AMRs are anticipated to experience the fastest growth rate because of their capacity to function without the use of external guidance systems. Although there is currently little use of humanoid robots in warehouse operations, this is predicted to change in the coming years as artificial intelligence and machine learning technology advance. As technology advances, it is anticipated that other varieties of mobile robots for warehouses, including drones and swarm robots, will increase. In general, the AMR and AGV sectors are anticipated to rule the market in the upcoming years, with AGVs accounting for the majority of that share.

Global Warehouse Mobile Robots Market Segmentation: By Function

• Transportation

• Picking & Packing

• Inspection & Maintenance

• Others

Based on their intended use, mobile warehouse robots can be categorised into groups for transportation, picking and packing, inspection and upkeep, and other tasks. The picking and packing segment is projected to account for the largest share of the market due to the high demand for automation in order fulfilment processes in industries like e-commerce and retail. The transportation market is also likely to see significant growth as a result of the growing demand for efficient and affordable cargo-handling solutions in industries like manufacturing and automotive. The inspection and maintenance market is likely to grow at a moderate rate as more sectors turn to robots for quality control and preventative maintenance. In the upcoming years, it is anticipated that other tasks like inventory administration and palletizing will expand as technology advances. In general, the picking & packing, and transportation sectors are anticipated to rule the market in the upcoming years. 

Global Warehouse Mobile Robots Market Segmentation: By Industry Vertical

• Retail & E-commerce

• Automotive

• Food & Beverage

• Healthcare

• Manufacturing

• Others

 The worldwide market for warehouse mobile robots can be segmented into several industry verticals, including manufacturing, automotive, food and beverage, healthcare, and retail & e-commerce. Retail & e-commerce is anticipated to account for the largest share of the market due to the high demand for automation in order fulfilment procedures in the e-commerce industry. The manufacturing industry is also anticipated to experience significant development as a result of the growing use of robotics and automation in manufacturing processes. It is anticipated that the automotive industry will increasingly use mobile robots for transportation and material handling. The food & beverage and healthcare industries are likely to develop moderately as a result of the expanding use of robots for inventory management, inspection & maintenance, and transportation applications. In the ensuing years, expansion is anticipated in several other sectors, including aerospace and logistics. Overall, it is anticipated that the manufacturing and retail & e-commerce segments will continue to rule the market in the years to come, with the retail & e-commerce section having the largest market share.

Global Warehouse Mobile Robots Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East

• Latin America

Additionally, North America, Europe, Asia Pacific, the Middle East, and Latin America can be used to segment the worldwide market for mobile robots used in warehouses. Due to the presence of nations like China, Japan, and South Korea, which are major producers of industrial robots and have a high demand for automation in numerous sectors, it is anticipated that the Asia Pacific area will account for the largest market share. In addition, substantial growth is anticipated in North America and Europe as a result of the arising use of mobile robots in manufacturing and e-commerce. Due to the growing adoption of automation across a variety of sectors, the Middle East and Latin America are predicted to experience moderate development. In general, it is presumed that North America and Europe will fall short of Asia Pacific in terms of market share in the coming years. The Asia-Pacific region is projected to hold the largest market share because of the substantial demand for automation and robotics in the manufacturing and logistics sectors in countries like China and Japan. 

Global Warehouse Mobile Robots Market Key Players:

1. ABB Limited

2. InVia Robotics Inc.

3. Fanuc Corporation

4. Honeywell International Incorporation

5. Toshiba Corporation

6. Omron Adept Technologies

7. Yaskawa Electric Corporation (Yaskawa Motoman)

8. Kuka AG

9. Fetch Robotics Inc.

10. Hangzhou Hikrobot Technology Co. Ltd ​

11. Syrius Robotics

12. Kiva Systems (Amazon Robotics LLC)

13. TGW Logistics Group GMBH

14. Singapore Technologies Engineering Ltd (Aethon Incorporation)

15. Geek+ Inc.

16. Grey Orange Pte Ltd

17. Locus Robotics