Warehouse Robotics Market Size Forecast to 2026 with COVID-19 Impact Analysis

[268 Pages Report] The global warehouse robotics market size is expected to be USD 4.7 Billion in 2021 to USD 9.1 Billion by 2026, at a CAGR of 14.0%. Warehouse robotics are used to automate different warehouse functions, such as transportation, picking and placing, packaging, and palletizing and de-palletizing. The use of warehouse robots reduces the need for human intervention and increases the efficiency of warehouse operations. They find applications in various industries, such as e-commerce, automotive, electrical & electronics, food & beverage, and pharmaceutical.

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COVID-19 Impact on the Global Warehouse Robotics market

The outbreak and widespread of the COVID-19 pandemic has highly impacted the supply chains and accelerated the adoption of robots in warehouses and manufacturing facilities. 2020 was a crucial year for e-commerce companies, retailers, grocers, and package handling logistics providers. The outbreak of the pandemic significantly accelerated the need for automation, which was steadily growing in the pre-COVID-19 period. The growth of the market for fixed types of robots was mainly affected by the pandemic, however, the mobile robot market is expected to witness healthy growth in the post-pandemic period.

Online distribution during the pandemic crisis has shifted to a higher gear, as other retail channels have witnessed a slowdown in operations. Leading warehouse operators are now required to move more products while maintaining social distancing guidelines. This, in turn, is expected to create an opportunity for warehouse automation.

Scope of the Report

The study categorizes the warehouse robotics market based on value by type, by function, by payload capacity, by industry, by component, by software at the regional and global levels.

 E-commerce vertical is expected to witness the fastest growth during the forecast period

E-commerce trends are influencing the warehousing, manufacturing, and logistics industries, indicating that it is becoming increasingly important for these industries to optimize and develop automated solutions. The growing demand for quick order supply to customers in an accurate and undamaged form, increasing competition in the e-commerce industry, and rapid rise in online shopping are the key factors expected to drive the growth of the warehouse robotics market for the e-commerce industry.

Warehouse automation offers benefits such as reduced labor costs, increased speed, and high efficiency and accuracy. The outbreak of the COVID-19 pandemic has increased warehouse automation. The pandemic is expected to be a game-changer for the e-commerce industry across the globe.