How Big is the Opportunity for Warehouse Robotics in
Australia and New Zealand?
Australia and New Zealand to Exhibit High Demand for Robotic
Distribution Systems with Increasing Internet Penetration
Demographic change in developed countries such as Australia and New
Zealand is accelerating e-commerce industry expansion.
Growing millennial population and availability of consumables at
finger tips are undoubtedly responsible for the surge of product
demand.
Warehouse owners are trying to keep pace with the rapid increase
in terms of high demand. It is further creating an increasing need
for warehouse robots across Australia and New
Zealand.
What is the Demand Outlook for Warehouse Robotics Solutions
in Japan?
Japan-based Companies to Look
for Robotic Inventory Management as Need for Smooth Material
Handling Burgeons
Robot density across several countries is increasing at a
significant rate, thereby creating huge demand for robots in
warehousing activities. According to the International Federation
of Robotics, the top countries in automation also include
Japan, which is boosting its robot
density ranking across the globe.
With changing lifestyles and expansion of the e-commerce &
logistics industry across the country, demand for automation among
warehouses is increasing. Several companies are focusing on
automating their warehouses to enhance goods handling and storage
activities.
NEWARK, Del., July 23, 2024 /PRNewswire/ -- According to a
Future Market Insights (FMI), the global warehouse
robotics market size is poised for significant growth,
achieving USD 1,540.57 Million
in 2024. The sales of warehouse robotics are envisioned to
thrive at a CAGR of 13.8% from 2024 to 2034. By 2034, the
demand for warehouse robotics is anticipated to attain a valuation
of USD 5,609.75 Million.
The warehouse robotics market is growing owing to the rise
in labor expenses, the e-commerce sector, and the demand for more
accuracy and efficiency in warehouse operations.
Due to technological innovations, the e-commerce industry is
expanding at an impressive rate. The shopping experience gets
better because of technologies like artificial intelligence (AI),
blockchain, augmented reality (AR), virtual reality (VR), and
machine learning (ML). The warehouse robotics producers look
for innovative ways to improve operations and logistics while
cutting expenses and delivery times.
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The major hurdles hinder small and mid-sized businesses due to
the high initial cost of implementing a robotic setup in the
warehouse. The employment of laborers is negatively affected by the
adoption of warehouse robotics. Growing employment and wage
effects from robot adoption are predicted to impede the expansion
of the warehouse robotics sector.
Key Takeaways:
- The automated guided vehicle sector in the type category to
grab a share of 44.0% in 2024.
- In the function category, the transportation sector to acquire
a market share of 38.5% in 2024.
- Australia warehouse robotics
market is likely to exhibit a CAGR of 19.1% through
2034.
- India warehouse robotics
industry is anticipated to boost at a CAGR of 16.8% between
2024 and 2034.
- The United States warehouse
robotics sales is anticipated to evolve at a CAGR of 13.9%
through 2034.
- Germany warehouse robotics
market is envisioned to develop at a CAGR of 11.9% from 2024
to 2034.
- China sales of warehouse
robotics are expected to surge at a CAGR of 10.9% through
2034.
"The evolving demand for automation in logistics is
expected to thrust the warehouse robotics industry into an
exponential trajectory. Manufacturers of warehouse robotics are
adopting robotics to enhance operations and maintain profitability
in shifting supply chain environments, with a growing focus on
efficiency, safety, and adaptability.", – opines Nikhil
Kaitwade, Associate Vice President at Future Market Insights
(FMI).
Top Warehouse Robotics Market Trends Listed by Future Market
Insights (FMI)
- The conventional storage approach finds it difficult to keep up
with the unpredictable shopping patterns and increased expectations
of today's internet users.
- New improved technologies are being used by several
distribution centers to increase total output, accuracy, and
efficiency.
- E-commerce has an impact on worker requirements across
industries, not simply warehousing and logistics firms.
- Demand for workforce in the warehousing and logistics sector is
significantly impacted by the e-commerce sector's explosive
rise.
- As a result, businesses are facing trouble meeting the
increased demand for personnel.
- In order to attract and keep employees, businesses must raise
wages and provide more extensive benefits.
- Retailers grappling with growing workforce expenses, shipment
delays, and stock outs are experiencing the effects of this
knock-on effect.
- Automation is nowadays a part of the aircraft sector owing to
developments in robotic technology.
- Ergonomic problems brought on by humans performing repetitive
tasks were decreased as a result of the usage of warehouse robots
to evaluate applications.
- End users frequently handle large, heavy components in the
aerospace sector.
- As a result, high payload robots equipped with sensors are
used.
- A few advantages of warehouse robots include temporary cleaning
and wiping of parts without shutting down the entire system and
excluding the fencing.
- A robotic system must be more precise, adaptable, and quick in
the electronics sector.
- Traditional robots in this industry's assembly applications
require substantial deployment costs and human support.
- While for the same activity, warehouse robots can be used for a
far lower cost.
- Healthcare, food & agriculture, plastics & polymers,
pharmaceuticals & chemistry, furniture & equipment, and
science & research are a handful of industries that warehouse
robots support.
- Technological development and automation trends in these
industries are essential drivers of market expansion.
- Specially designed warehouse robots are being extensively used
across the globel.
- Mobile robots that are lightweight & portable and can
travel between sections of warehouses are becoming increasingly
popular among market participants in the manufacturing sector.
- Significant advancements in warehouse robot technology promise
to boost productivity and growth across a wide range of industries
in the next ten years.
- The range of applications that end users can undertake will be
expanded by advances in gripper and sensor technologies.
Which Factors Might Hinder Warehouse Robotics Demand?
- Expansion of Omni-channel has given customers more alternatives
for placing orders across a wide range of channels.
- Key stakeholders must overcome obstacles in order to adapt to
changing client needs.
- Leading players in the market might also struggle to control
the fluctuating demand.
- Scalability and increasing flexibility of warehouses, together
with high investment costs, are limiting the necessity for
professional workforce.
- Demand for warehouse robotics might be constrained over the
foreseeable future due to high capital and operating costs.
Regional Outlook:
The warehouse robotics market in Asia
Pacific is growing due to rapid industrialization and the
usage of cutting-edge technologies in production. Government
programs that support smart logistics and automation technologies
enhance the region's prominence in the global warehouse robotics
industry.
Robust labor laws and an emphasis on operational efficiency
promote a steady expansion of warehouse robotics market
throughout Europe. With its strong
automation and technical capabilities, Germany has become a center of innovation in
warehouse robotics in Europe.
Lifted by a tech-savvy customer base and an ambition for
logistical optimization, North
America leads the adoption of warehouse robotics. Due to its
competitive retail environment and need for quick fulfillment,
the United States is at the center
of warehouse robot innovation.
Competitive Landscape:
Prominent warehouse robotics manufacturers invest in research
and development to broaden their product offerings, contributing to
market expansion. The warehouse robotics vendors employ various
methods to enhance their worldwide footprint and presence.
Notable trends in the warehouse robots market include
introducing new products, partnerships and acquisitions, increased
investments, and collaborations. The warehouse robotics sector must
provide affordable products to grow and thrive in an increasingly
competitive and dynamic market.
Latest Advancements:
- Honeywell International Inc. announced in February 2023 the inauguration of its new
research and development facility to expand its technologies,
assisting logistics and warehouse industries around Europe.
- BlueBotics launched ANTdriven.com in May
2023. This new training resource can help warehouse,
manufacturing, and supply chain managers learn about and experiment
with several automated vehicle technologies from the ANT navigation
ecosystem.
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Key Manufacturers in Warehouse Robotics
Industry:
- ABB Ltd.
- Addverb Technologies
- Daifuku
- FANUC Corporation
- Geekplus Technology
- Hikrobot
- IAM Robotics
- InVia Robotics Inc.
- JBT
- KION Group AG
- Knapp AG
- KUKAAG
- Locus Robotics
- Magazino GmbH
- Murata Machinery Ltd.
- Omron Corporation
- Scallog
- Shanghai Quicktron Intelligent Technology Co. Ltd.
- Shopify Inc.
- SSI Schaeffer
- Lowpad B.V.
- Agilox
- Mobile Industrial Robots
- OTTO
- Universal Robots
Warehouse Robotics Market Segmentation:
By Product Type:
- Autonomous Mobile Robots
- Automated Guided Vehicle
- Articulated Robots
- Cylindrical and SCARA Robots
- Collaborative Robots
- Others
By Function:
- Picking and Placing
- Palletizing and De-Palletizing
- Transportation
- Packing
By Payload Capacity:
- Below 100 Kg
- 100 to 200 Kg
- 200 to 300 Kg
- 300 to 400 Kg
- 400 to 600 Kg
- 600 to 900 Kg
- 900 to 1200 Kg
- Above 1200 Kg
By End-use Industry:
- Food and Beverage
- Electronics and Electrical
- Metal and Machinery
- Automotive
- Pharmaceuticals
- Independent Warehouse
- E-commerce
- Chemical, Rubber and Plastics
- Others
By Region:
- North America
- Latin America
- East Asia
- South Asia Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia and Belarus
- Balkan and Baltic Countries
- Middle East and Africa
About Future Market Insights – Industrial Automation
Division:
The Industrial Automation division of Future Market
Insights offers a novel approach and innovative perspective in
analyzing the industrial automation market. Comprehensive coverage
of capital, portable, process, construction, industrial, and
special-purpose machinery across the manufacturing sector and
distinctive analysis of the installed base, consumables,
replacement, and USP-feature-application matrix make us a
pioneering voice in the industry. We are preferred associates with
established as well as budding industry stakeholders and channel
partners when it comes to sustaining, growing, and identifying new
revenue prospects.
Author:
Nikhil Kaitwade (Associate Vice President at Future Market
Insights, Inc.) has over a decade of experience in market research
and business consulting. He has successfully delivered 1500+ client
assignments, predominantly in Automotive, Chemicals, Industrial
Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research
methodology, creating a unique analysis framework, statistical data
models for pricing analysis, competition mapping, and market
feasibility analysis. His expertise also extends wide and beyond
analysis, advising clients on identifying growth potential in
established and niche market segments, investment/divestment
decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in
Mechanical Engineering. Nikhil has authored several publications
and quoted in journals like EMS Now, EPR Magazine, and EE
Times.
Explore Future Market Insights, Inc. Extensive Coverage in
Industrial Automation Domain:
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grow at a robust CAGR of 17.20% CAGR from 2023 to 2033.
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be worth USD 4.6 Billion by 2033.
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at a CAGR of 25.1% from 2023 to 2033.
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reach a valuation of USD 66.42
Billion by 2034.
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valuation of USD 4530.0 Million by
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forecasted to surpass USD 30.0
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About Future Market Insights (FMI):
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