Warehouse robots can be described as pre-programmed machines which are capable of carrying out various tasks like material handling and stocking of raw materials at the appropriate storage areas. Automated warehouse robots are either fixed or mobile, and work in tandem to move inventory for one place to another within the warehouse. Manufacturing industries as well as E-commerce giants are big fans of robotic warehouse systems due to their efficiency, accuracy and the removal of human error. Since, warehouse management is the most vital part of supply chain process, enterprises are always on the lookout for efficient robots in warehouses to reduce expenses and costs. In fact, the ultimate goal of online retailers is to achieve 100% warehouse automation. Hence, the Warehouse Robotics Market is in an excellent position to achieve significant growth during the forecast period of 2017-2022.
Scope & Regional Forecast of the Warehouse Robotics Market
The Warehouse Robotics Market is expected to register a CAGR of 7.3% till 2020 as E-commerce giants increase their investment on warehouse automation technology in an effort to bring down expenses. Online retailers are eager to develop their in-house distribution technologies to save on costs and to reduce time of delivery. These developments are slowly being modified and adopted by manufacturing industries so as to enjoy the same benefits. This has also had a very positive impact on the market for robot parts.
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With Amazon’s focus on India and Alibaba’s ever-growing success in China, the Warehouse Robotics Market expects to be dominated by demand originating from Asia-Pacific during the next few years. With labour costs taking up 50-60% of all expenses within a warehouse system, warehouse automation technology has plenty of potential for improvement and growth.
Segmentations & Key Players Involved in the Warehouse Robotics Market
The Warehouse Robotics Market can be broken down into various segmentations on the basis of –
Robot Type: Fixed Robots and Mobile Robots.
Function: Goods Consolidation, Order Fulfilment and Goods Distribution.
Components: Programmable Logic Controller (PLC), Microprocessors and Microcontrollers, Actuators, Sensors and RF Module.
Application: Automotive Aftermarket Industry, Food & Beverage Industry, Manufacturing Industry, Retail Distribution Centre and Others.
Geographical Location: Americas, Europe, Asia-Pacific and RoW (Rest of the World).
Some of the key players involved in the Warehouse Robotics Market are as follows:
Schaefer Systems International, Inc.
Grey Orange Robotics Pvt., Ltd
Qcomp Technologies, Inc.
Yaskawa Motoman Robotics
ATS Automation Tooling Systems, Inc.
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