According to Verified Market Research (VMR), the Warehouse Robotics industry was valued at $4.5 billion in 2021 and is projected to reach $15 billion by 2030, growing at a CAGR of 14.5%.

Three forces have led to this incredible growth. The first, automation technology has developed to become the top trend in tech according to McKinsey. The global industrial automation market is projected to grow from $200 billion in 2022 to $400 billion by 2029, exhibiting a CAGR of 9.8% (Fortune Business insights). In addition, Covid-19 created enormous growth for e-commerce companies. According to ARTS, e-commerce sales increased by 43% in 2020, the first year of the pandemic, rising from $570 billion in 2019 to $815 billion in 2020. Lastly, post Covid-19, many sectors that pay low wages have struggled to find employees. Companies that provide warehousing services clearly fall into that category. In the U.S., The Department of Labor suggests that there are now multiple warehouse positions per applicant.

All three market forces have created a growing need for efficient warehousing and inventory management systems. Large players in the e-commerce market such as Amazon and Walmart have begun operating robots in an effort to combat employee shortages and growing demand. Amazon, for example, has recently invested in the Israeli autonomous robot maker BionicHIVE.

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The warehouse robotics startups revolutionizing retail | Ctech - CTech