North America Warehouse Robotics Market Growth, Size, Trends, Demand and Future Outlook
North America Warehouse Robotics Market Size- By Type, By Function, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2024 | Report ID: AMIN24164 | Pages: 1 - 157 | Formats*: |
| Category : Automotive & Transportation | |||
North America Warehouse Robotics Market Introduction and Overview
According to SPER Market Research, the North America Warehouse Robotics Market is estimated to reach USD 17.25 billion by 2033 with a CAGR of 11.41%.
The report includes an in-depth analysis of the North America Warehouse Robotics Market, including market size and trends, product mix, applications, and supplier analysis. Industrial and service robots used in warehouse operations for picking, sorting, packing, and transportation are all included in the field of warehouse robotics. These self-contained devices are intended to increase warehouse productivity by taking the place of physical labor. The need for robots like articulated arms, automated guided vehicles (AGVs), and automated mobile robots (AMRs) for heavy lifting and carrying tasks is being driven by technological developments in robotics and warehouse automation. Robotics in warehouses are becoming more and more common as a result of significant investment from e-commerce enterprises. Robotics, AI, and machine learning are among the warehouse automation options. Numerous other businesses are concentrating on investing in robots that pick and handle materials.
- March 2024; The new Locus Vector and Locus Max robots from Locus Robotics are intended to handle larger payloads and enhance the company's warehouse automation capabilities.
- December 2023; Vecna Robotics deployed its autonomous pallet trucks around several distribution sites by teaming up with a significant North American 3PL supplier. The objectives of this collaboration are to save labor expenses and improve material handling efficiency. The 3PL provider anticipates increased throughput and operational agility thanks to Vecna's autonomous solutions.
Market Opportunities and Challenges
Opportunities- Venture capitalist funding for the warehouse robotics business has increased significantly. The increasing need for automation and robotics solutions in the transportation and warehousing sector is what is causing this capital inflow. Because of things like better operational procedures, lower costs, and higher efficiency, venture capitalists see strong returns on investment possibilities in this sector. Robotics firms can use the investment to develop innovative and cutting-edge technology, increase their market share, and propel the industry forward. All things considered, the spike in venture capital funding shows that investors have a lot of faith in the warehouse robots industry.
Challenges- Robots save total operational expenses over time, but they need a large upfront investment, which may diminish the demand for robots and other machinery in warehouses. Furthermore, the need for robotics in warehouses may be hampered by the ongoing maintenance costs of robots and software. Robots are unable to adjust or react to unforeseen circumstances, but human workers are capable of performing the flexibility and critical thinking required for warehouse products handling. Warehouse robotics may face difficulties as a result of these variables.
Market Competitive Landscape
The North America Warehouse Robotics Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are 6 River Systems (Shopify), Fetch Robotics, GreyOrange, Honeywell International Inc., InVia Robotics Inc., Knapp AG, Kiva Systems (Amazon Robotics LLC), Locus Robotics, Omron Adept Technologies, Vecna Robotics, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Function, By End User |
| Regions covered | Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America |
| Companies Covered | 6 River Systems (Shopify), Fetch Robotics, GreyOrange, Honeywell International Inc., InVia Robotics Inc., Knapp AG, Kiva Systems (Amazon Robotics LLC), Locus Robotics, Omron Adept Technologies, Vecna Robotics, Others |
COVID-19 Impact on North America Warehouse Robotics Market
The COVID-19 epidemic increased the need for robotics by compelling a number of companies and retail establishments to use online delivery services. Since end customers preferred online shopping over traditional brick-and-mortar establishments, the pandemic's quick spread across multiple nations also contributed to an expansion in the e-commerce industry. Due to this pandemic, warehouse owners and operators are searching for adaptable solutions that require little human involvement and allow robots to perform better when picking, sorting, packaging, and transporting items.
Key Target Audience:
- E-commerce Companies
- Retail Chains
- Manufacturers
- Warehousing and Distribution Centers
- Automotive Industry
- Aerospace and Defence Industry
Our in-depth analysis of the North America Warehouse Robotics Market includes the following segments:
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Key Topics Covered in the Report:
- North America Warehouse Robotics Market Size (FY’2024-FY’2033)
- Overview of North America Warehouse Robotics Market
- Segmentation of North America Warehouse Robotics Market by Type (Industrial Robots, Sortation Systems, Conveyors, Palletizers, Automated Storage and Retrieval System)
- Segmentation of North America Warehouse Robotics Market by Function (Storage, Packaging, Trans-Shipments, Others)
- Segmentation of North America Warehouse Robotics Market by End User (Food and Beverage, Automotive, Retail, Electrical and Electronics, Others)
- Statistical Snap of North America Warehouse Robotics Market
- Expansion Analysis of North America Warehouse Robotics Market
- Problems and Obstacles in North America Warehouse Robotics Market
- Competitive Landscape in the North America Warehouse Robotics Market
- Impact of COVID-19 and Demonetization on North America Warehouse Robotics Market
- Details on Current Investment in North America Warehouse Robotics Market
- Competitive Analysis of North America Warehouse Robotics Market
- Prominent Players in the North America Warehouse Robotics Market
- SWOT Analysis of North America Warehouse Robotics Market
- North America Warehouse Robotics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Warehouse Robotics Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Warehouse Robotics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Warehouse Robotics Market
7. North America Warehouse Robotics Market, By Type (USD Million) 2020-2033
7.1. North America Warehouse Robotics Market Size, Share and Forecast, By Type, 2020-20267.2. North America Warehouse Robotics Market Size, Share and Forecast, By Type, 2027-20337.3. Industrial Robots7.4. Sortation Systems7.5. Conveyors7.6. Palletizers7.7. Automated Storage and Retrieval System7.8. Mobile Robots
8. North America Warehouse Robotics Market, By Function (USD Million) 2020-2033
8.1. North America Warehouse Robotics Market Size, Share and Forecast, By Function, 2020-20268.2. North America Warehouse Robotics Market Size, Share and Forecast, By Function, 2027-20338.3. Storage8.4. Packaging8.5. Trans-Shipments8.6. Others
9. North America Warehouse Robotics Market, By End User (USD Million) 2020-2033
9.1. North America Warehouse Robotics Market Size, Share and Forecast, By End User, 2020-20269.2. North America Warehouse Robotics Market Size, Share and Forecast, By End User, 2027-20339.3. Food and Beverage9.4. Automotive9.5. Retail9.6. Electrical and Electronics9.7. Others
10. North America Warehouse Robotics Market Forecast, 2020-2033 (USD Million)
10.1. North America Warehouse Robotics Market Size and Market Share
11. North America Warehouse Robotics Market, By Region, 2020-2033 (USD Million)
11.1. North America Warehouse Robotics Market Size and Market Share By Region (2020-2026)11.2. North America Warehouse Robotics Market Size and Market Share By Region (2027-2033)11.3. North America11.3.1. Canada11.3.2. Mexico11.3.3. United States11.3.4. Cuba11.3.5. Panama11.3.6. Greenland11.3.7. Rest of North America
12. Company Profile
12.1. 6 RIVER SYSTEMS12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. FETCH ROBOTICS12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. GREYORANGE12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. HONEYWELL INTERNATIONAL INC.12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. INVIA ROBOTICS INC.12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. KNAPP AG12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. KIVA SYSTEMS12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. LOCUS ROBOTICS12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. VECNA ROBOTICS12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The key players in the market include Companies Covered 6 River Systems (Shopify), Fetch Robotics, GreyOrange, Honeywell International Inc., InVia Robotics Inc., Knapp AG, Kiva Systems (Amazon Robotics LLC), Locus Robotics, Omron Adept Technologies, Vecna Robotics, Others.
Venture capitalist funding for the warehouse robotics business has increased significantly. The increasing need for automation and robotics solutions in the transportation and warehousing sector is what is causing this capital inflow.
North America Warehouse Robotics Market is projected to reach USD 17.25 billion by 2033, growing at a CAGR of 11.41% during the forecast period.
North America Warehouse Robotics Market grew in market size from 2024. The Market is expected to reach USD 17.25 billion by 2033, at a CAGR of 11.41% during the forecast period.
North America Warehouse Robotics Market CAGR of 11.41% during the forecast period.
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North America Warehouse Robotics Market size is USD 17.25 billion from 2024 to 2033.
North America Warehouse Robotics Market is Covered By Type, By Function, By End User.
The North America region is anticipated to have the highest market share in North America Warehouse Robotics Market.
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