Warehouse Mobile Robots Market Size (2024 – 2030)

The estimation for the Global Warehouse Mobile Robots Market value stood at USD 13.14 Billion in 2023 and is forecasted to achieve USD 35.65 Billion by 2030, registering a CAGR of 15.33% during the period spanning 2024 to 2030.

The segment of warehouse mobile robots within the broader field of robotics is experiencing rapid growth. These robots offer automation for tasks related to material handling, transportation, and inventory management within warehouse and distribution center operations. The projected increase in e-commerce activities in the coming years is expected to elevate the demand for more efficient and cost-effective warehouse operations. This, among other factors, is set to propel the market for mobile robots in warehouse settings. A significant driver behind the demand for mobile robots in warehouse environments is the expanding landscape of e-commerce. Retailers are seeking methods to expedite deliveries and reduce costs, particularly as online consumer trends continue to rise. Warehouse mobile robots present a solution by automating various aspects of warehouse operations such as picking, packing, transportation, and delivery. Through this automation, retailers can process orders with greater speed and precision, ultimately leading to increased revenue and customer satisfaction.

The warehouse mobile robots market stands as a dynamic and rapidly advancing sub-sector within the broader realm of robotics. Continued growth and innovation are anticipated as the e-commerce sector expands and businesses seek avenues to optimize their warehouse operations. The market for warehouse mobile robots is poised for sustained growth in the foreseeable future, driven by advancements in cutting-edge technologies and the increasing accessibility of sophisticated robotics solutions.

Global Warehouse Mobile Robots Market Drivers:

The surge in demand within the e-commerce industry is a key driver for market growth.

The global market for mobile robots in warehouse settings is being propelled by the heightened demand in the e-commerce sector. The proliferation of online purchasing has led to a significant upsurge in orders that warehouses and distribution centers must process and fulfill. This surge underscores the necessity for more efficient and cost-effective methods of handling and transporting goods. Warehouse mobile robots, which automate a multitude of warehouse operations including material handling, picking, packing, transportation, and distribution, present a viable solution to this challenge. Through the adoption of these robots, retailers can accelerate order processing, boost sales figures, and enhance customer satisfaction. Another significant factor driving the market for mobile robots in warehouses is the increasing demand for precise and reliable inventory management. With the uptick in online sales, businesses require up-to-date and accurate information regarding their inventory levels. Warehouse mobile robots equipped with sensors and software capable of real-time inventory monitoring contribute to minimizing stock-outs and overstocks, thereby assisting businesses in cost reduction and optimal warehouse management.

Advancements in Robotics Technology are fostering global market demand.

Technological advancements have played a pivotal role in propelling the worldwide market for mobile robots in warehouse operations. The enhancement of sensor technology, coupled with advancements in machine learning techniques and artificial intelligence, has rendered warehouse mobile robots more adaptable and robust. These robots are now equipped to navigate complex environments, evade obstacles, and make swift decisions in response to their surroundings. Consequently, they have become more versatile and valuable across a diverse array of applications. The advent of cloud-based robotics solutions represents another technological stride propelling the ascent of the market for mobile robots in warehouse settings.

Global Warehouse Mobile Robots Market Challenges:

The substantial initial investment required for installing robotic systems in warehouses stands as a primary entry barrier for many companies. Nonetheless, these systems offer a host of benefits, particularly in terms of enhancing productivity and reducing labor costs. Companies can explore various financing options to address this challenge, such as leasing or renting robotic systems, thereby mitigating upfront costs and facilitating a phased implementation approach. Furthermore, some businesses might opt to commence with smaller-scale robotics initiatives to test the waters before committing to full-scale implementation. Another hurdle in the widespread adoption of mobile warehouse robots is the requisite specialized technical expertise for operating and managing these systems. This challenge can be particularly daunting for small and medium-sized enterprises lacking the necessary in-house proficiency. Companies can collaborate with robotics suppliers and service providers to address this issue, as they can offer technical support and training to bridge the skills gap.

Global Warehouse Mobile Robots Market Opportunities:

The potential for enhanced customization and flexibility in robotic systems presents a significant business opportunity within the global warehouse mobile robots market. As businesses continue to adapt to evolving consumer and market demands, they will require warehouse mobile robots that can be readily tailored and customized to suit their distinct requirements. Manufacturers can capitalize on this opportunity by developing more adaptable and flexible robotic systems that cater to the specific needs of a broader customer base and diverse applications.

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

The global market for mobile warehouse robots has witnessed both positive and negative repercussions due to the COVID-19 pandemic. On a positive note, the pandemic has spurred the demand for online shopping, resulting in an uptick in orders that warehouses and distribution centers must process and fulfill. This situation has opened avenues for the utilization of mobile warehouse robots to automate numerous warehouse operations and enhance productivity. Conversely, the pandemic has posed challenges to the uptake of warehouse mobile robots in certain regions, owing to disruptions in supply chains, workforce shortages, and financial uncertainties. Additionally, some financially strained businesses may find it challenging to adopt robotic systems due to the substantial initial investment required.

Global Warehouse Mobile Robots Market Recent Developments:

• In September 2021, ABB unveiled the "FlexBuffer" autonomous work cell designed for use in e-commerce supply chain operations. This innovative solution enhances flexibility for businesses across various industries by offering an adaptable multi-functional solution for tasks such as sequencing, buffering, storage, and order consolidation. The FlexBuffer aims to improve supply chain efficiency and aid businesses in adapting to evolving consumer expectations.
• In January 2022, FANUC America introduced the M-1000iA robot capable of handling heavy objects such as battery packs and automobile components. With horizontal and vertical reaches of 3,253mm and 4,297mm respectively, each capable of carrying 1000 kg of cargo, this robot offers enhanced maneuverability. Its serial-link construction enables it to move forward, backward, and vertically with increased efficiency. Manufacturers seeking to optimize the productivity of their production lines can readily incorporate this advanced robot.

Global Warehouse Mobile Robots Market Segmentation: By Type

• Automated Guided Vehicles (AGVs)
• Autonomous Mobile Robots (AMRs)
• Humanoid Robots
• Others

The classification of mobile robots used in warehouses includes Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), Humanoid Robots, and others. AGVs are expected to dominate the market share due to their significant demand in material handling across industries such as automotive, manufacturing, and food & beverage. Conversely, AMRs are poised for rapid growth owing to their ability to operate without external guidance systems. Although humanoid robots are currently less utilized in warehouse operations, this is likely to change in the future with advancements in artificial intelligence and machine learning. Furthermore, the evolution of technology is expected to introduce other types of warehouse mobile robots such as drones and swarm robots. Overall, the AGV and AMR segments are projected to lead the market, with AGVs holding the majority share.

Global Warehouse Mobile Robots Market Segmentation: By Function

• Transportation
• Picking & Packing
• Inspection & Maintenance
• Others

Mobile warehouse robots are categorized based on their functions into transportation, picking & packing, inspection & maintenance, and other tasks. The picking & packing segment is forecasted to dominate the market due to the increasing demand for automation in order fulfillment processes, especially in e-commerce and retail industries. Similarly, the transportation segment is expected to witness substantial growth fueled by the need for efficient cargo-handling solutions in industries like manufacturing and automotive. As more sectors turn to robots for quality control and preventive maintenance, the inspection & maintenance market is anticipated to grow moderately. The future is likely to see expansions in tasks such as inventory management and palletizing with advancing technology. Overall, the picking & packing and transportation sectors are anticipated to maintain dominance in the market.

Global Warehouse Mobile Robots Market Segmentation: By Industry Vertical

• Retail & E-commerce
• Automotive
• Food & Beverage
• Healthcare
• Manufacturing
• Others

The global market for warehouse mobile robots is segmented across various industry verticals including manufacturing, automotive, food & beverage, healthcare, and retail & e-commerce. Retail & e-commerce is expected to hold the largest market share due to the heightened demand for automation in order fulfillment processes within the e-commerce sector. The manufacturing industry is also poised for significant growth with the increasing adoption of robotics and automation in manufacturing processes. Mobile robots are anticipated to find increased use in transportation and material handling within the automotive industry. Similarly, the food & beverage and healthcare industries are likely to witness moderate growth driven by the expanding applications of robots in inventory management, inspection & maintenance, and transportation. Future growth is anticipated across several other sectors such as aerospace and logistics. In essence, the manufacturing and retail & e-commerce segments are expected to lead the market, with retail & e-commerce commanding the largest market share.

Global Warehouse Mobile Robots Market Segmentation: By Region

• North America
• Europe
• Asia Pacific
• Middle East
• Latin America

The worldwide market for mobile robots used in warehouses is segmented into North America, Europe, Asia Pacific, the Middle East, and Latin America. The Asia Pacific region is anticipated to dominate the market share due to the presence of major industrial robot producers such as China, Japan, and South Korea, along with their high demand for automation across various sectors. North America and Europe are forecasted for substantial growth driven by the increasing use of mobile robots in manufacturing and e-commerce operations. Moderate development is expected in the Middle East and Latin America owing to the rising adoption of automation technologies. Overall, it is predicted that North America and Europe will lag behind Asia Pacific in terms of market share in the forthcoming years. The Asia-Pacific region is expected to maintain its lead due to the significant demand for automation and robotics in manufacturing and logistics, particularly 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