Forecasting the booming robotic pick and place market by 2030

New research from Interact Analysis suggests that the robotic picking market is growing and has a bright future ahead of it. Pay attention to this statistic: in 2022, the value of this market was 236 million dollars, while it is predicted that this figure will increase to 6.8 billion dollars by 2030! Of course, rising labor costs and supply chain constraints are likely to be key market drivers as companies turn to automation to reduce operational pressures, and the growth of e-commerce and warehouse automation will no doubt impact the market. Robotic organizing technology will have an impact.

The reality is that very few suppliers are currently entering the robotics and pick-and-place market, with Interact Analysis research showing that by the end of 2022, there will be only 33 suppliers in the market, most of them in the 5 They entered the market last year. However, despite the small size of the market, there is a lot of potential for growth and development in the robotic pick and place sector, and as a result of increased warehouse automation, the market will have a positive impact.

Statistics show that in 2022, the number of warehouse workers will be 4.3 million, while by 2030 this number will reach 7.5 million. Certainly, such growth will dramatically expand the market for robotic picking and picking.

It should be noted that many factors affect the speed of adoption of robotic picking and picking technology. One of these factors is shift patterns. In fact, companies with two- or three-shift operations tend to adopt faster than companies with lower shift patterns, as they can dramatically reduce labor costs by installing the technology. The truth is that the growth of e-commerce has a huge impact on the market due to the 24-hour nature of its operations. In fact, picker robots are able to work longer hours than human labor.

A senior analyst at Interact Analysis has said that the robotic picking market is definitely a dynamic one, with the market share outlook in 2030 compared to today due to the influx of new vendors expected to be It will make a significant difference. Even for analysts, it is possible that a supplier may change market share significantly by getting a major project. For example, Boston Dynamic’s $15 million deal with DHL will have a significant impact on robotics market share this year.

Currently, the leader in the robotic pick and place market is the United States, and this trend is likely to continue. The reason why American companies turn to this method of collection is partly the high labor costs that they face more or less. In fact, 18 of the 33 suppliers currently in the robotic pick and place market are based in the United States. The interesting thing is that by the end of 2022, all 18 suppliers have managed to receive 1.4 billion dollars in funding, which is 60% of the global budget spent in this market.