Global Warehouse Robotics Market Size & Outlook, 2023-2030
Global warehouse robotics market, 2018-2030 (US$M)
Related Markets
Global warehouse robotics market highlights
- The global warehouse robotics market generated a revenue of USD 4,929.9 million in 2023 and is expected to reach USD 17,292.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 19.6% by 2030.
- In terms of segment, mobile robots accounted for a revenue of USD 1,506.4 million in 2023.
- Cartesian Robots is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,929.9 million |
| Market revenue in 2030 | USD 17,292.1 million |
| Growth rate | 19.6% (CAGR from 2023 to 2030) |
| Largest segment | Mobile robots |
| Fastest growing segment | Cartesian Robots |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mobile Robots, Articulated Robots, Cylindrical Robots, Scara Robots, Parallel Robots, Cartesian Robots |
Other key industry trends
- In terms of revenue, the North America accounted for 25.1% of the global warehouse robotics market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 3,100.8 million by 2030.
Mobile robots was the largest segment with a revenue share of 30.56% in 2023. Horizon Databook has segmented the Global warehouse robotics market based on mobile robots, articulated robots, cylindrical robots, scara robots, parallel robots, cartesian robots covering the revenue growth of each sub-segment from 2018 to 2030.
The North American warehouse robotics market is driven by increasing warehouse robotics expenditure, the presence of leading robotics companies, and continuous demand from the food & consumer goods sector.
According to the Association for Advancing Automation (A3), an automation trade association, the orders for industrial robots in the North American region increased by around 20% YoY with a significant increase in the number of orders (32% YoY) across the food & consumer goods sector.
Moreover, ongoing labor shortages in the region create demand for warehouse robot solutions across the retail, food & beverages, automotive, and electronics sectors. For instance, according to the U.S. Chamber of Commerce, the labor force participation rate in the U.S. was about 62.2% in February 2023, down from 63.3% in February 2020.
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Warehouse Robotics Market Scope
Warehouse Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global warehouse robotics market size, by region, 2018-2030 (US$M)
Top 10 countries by Warehouse Robotics Market revenue, 2023 (US$M)
Global warehouse robotics market share, by product, 2023 & 2030 (%, US$M)
Warehouse robotics market: Opportunity assessment by country
Global warehouse robotics market, by region, 2023 (US$M)
Related regional statistics
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