How big is the warehouse robotics market?

The global warehouse robotics market size was estimated at USD 4.31 billion in 2022 and is expected to reach USD 4.93 billion in 2023.

What is the warehouse robotics market growth?

The global warehouse robotics market is expected to grow at a compound annual growth rate of 19.6% from 2023 to 2030 to reach USD 17.29 billion by 2030.

Which segment accounted for the largest warehouse robotics market share?

Asia Pacific dominated the market for warehouse robotics with a revenue share of over 40% in 2022 and is expected to continue leading over the forecast period, owing to the presence of key market players and continuous growth of the retail, manufacturing, and FMCG industries.

Who are the key players in warehouse robotics market?

Some key players operating in the warehouse robotics market include ABB, Honeywell International Inc., KUKA AG, OMRON Corporation, and YASKAWA ELECTRIC CORPORATION.

What are the factors driving the warehouse robotics market?

Growth of the global retail and e-commerce industry along with the increased demand for automation due to awareness on safety and superior quality production is fueling the market growth.