Europe Warehouse Robotics Market Share, Revenue, Trends, Growth Drivers, Challenges, Opportunities and Future Investment Strategies Till 2033


Europe Warehouse Robotics Market Share, Revenue, Trends, Growth Drivers, Challenges, Opportunities and Future Investment Strategies Till 2033: SPER Market Research

 Published: Feb-2024
 Author: SPER Analyst

Europe Warehouse Robotics Market is projected to be worth USD 9.79 Billion by 2033 with a CAGR of 15%.

Automating warehouse activities through the use of robotic equipment, self-driving cars, and artificial intelligence is known as warehouse robotics. These robots are made to operate in tandem with humans to increase productivity and save expenses. AMRs (autonomous mobile robots), robotic arms, and automated guided vehicles (AGVs) are just a few examples of the several kinds of robots used in warehouse robotics. Each type of robot has a specific purpose in optimising material handling and logistics processes in warehouses.

Europe Warehouse Robotics Market Driving Factors and Challenges

Among the important factors propelling the growth of the analysed market are the expansion of major sectors, including e-commerce, automotive, pharmaceutical, etc., in Europe and the rising awareness of the necessity of effective warehouse and inventory management. The market for warehouse robots has been driven throughout European countries by the growing number of warehouses, shifting market demand and consumption patterns, rising labour costs, and the availability of scalable technology solutions.  In addition, the rise of the Industrial Internet of Things (IIoT) and the development of a network of interconnected systems are greatly enhancing operational efficiency and assisting industries in a wide range of warehousing tasks, including material batching, picking, ordering, packaging, warehouse security, and inspection.

Additionally, these trends are fostering a favourable growth environment for the industry under study. In line with the worldwide trend, the European e-commerce sector has experienced rapid expansion. The e-commerce warehousing sector is among the greatest adopters of warehouse robots due to the increased demand and trends like instant/single-day delivery, which are favourably impacting the development of the investigated market. Furthermore, throughout the course of the forecast period, a steady increase in the construction of manufacturing facilities along with gradual technological advancements is anticipated to have an impact on the market growth rate.

High costs have hindered the market's growth and prevented widespread adoption, particularly in the small- and medium-sized warehouse sector. Additionally, business expansion is hampered by the strict legal requirements for using robots in warehouses. But some of the market's sellers, like Kuka Robotics, are offering its clients the opportunity to rent out a whole automated plant with robot personnel in addition to leasing out robots through an effort called SmartFactory as a Service.

Impact of COVID-19 on Europe Warehouse Robotics Market
The COVID-19 outbreak had a major effect on the European continent. In terms of the total number of infected patients, countries such as Germany, France, Italy, and the United Kingdom were among the most severely impacted. The warehouse industry, already impacted by high labour costs, changed its focus to embracing automation and robotic technologies to ensure compliance with government rules and efficiently continue its business, as some European countries enacted tight lockdown measures. Given robotics' many advantages, this trend is anticipated to continue and propel the expansion of the market under study during the course of the projection period.

Europe Warehouse Robotics Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ABB Ltd, BEUMER Group GmbH & Co. KG, Kardex AG, KNAPP AG, KION Group AG, KUKA AG, Mecalux SA, Siemens AG, SSI Schaefer AG, Vanderlande Industries B.V., Viastore Systems GmbH (Toyota Industries Corporation), Others.

Europe Warehouse Robotics Market Segmentation:

By Type: Based on the Type, Europe Warehouse Robotics Market is segmented as; Automated Storage and Retrieval System (ASRS), Conveyors, Industrial Robots, Mobile Robots (AGVs and AMRs), Palletizers, Sortation Systems.

By Function: Based on the Function, Europe Warehouse Robotics Market is segmented as; Packaging, Storage, Trans-shipments, Other Functions.

By End User: Based on the End User, Europe Warehouse Robotics Market is segmented as; Automotive, Electrical and Electronics, Food and Beverage, Pharmaceutical, Retail, Other End User Applications.

By Region: This research also includes data for United Kingdom, Germany, France, Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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