As per the Market Research Future Reports (MRFR), the global warehouse robotics market is estimated to reach USD 5 bn by 2023, with a CAGR of 10% during the forecast period of 2017-2023. With the advent of innovative methods and new technologies in robotics and the growing e-commerce industry are some of the critical factors which are driving the global Warehouse Robotics Market 2020. The mobile robots are primarily utilized in the field of e-commerce sectors for enforcing warehouses operation by manufacturing organizations. Rising demand for automation and increasing awareness with respect to the safety production and quality are anticipated to increase warehouse robotics market in the forthcoming period. Owing to the increased productivity, reduced errors, improved safety, easier scheduling, quick integration, are some of the essential reasons which are helping to flourish the global warehouse robotics market. However, the initial deployment cost of establishment can be cumbersome for small scale industries. While robots assist to eliminate the labor cost by eradicating the need to pay insurance and employee benefits, they still have to pay enormous amounts for programming and maintenance.
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Global Warehouse Robotics Market Segmentation:
The global warehouse robotics market is classified into the region, end-users, type, function, software, and type.
The regional analysis of warehouse robotics market is done for Europe, North America, Asia-Pacific, and Rest of the World.
The end-user is sub-segmented into healthcare, food and beverages, e-commerce, consumer electronics, automotive, and other sectors.
The function segment has been further classified into packaging, pick and place, palletizing and de-palletizing transportation, and others.
The software segment has been further classified into warehouse execution, warehouse management system, warehouse control system, and others.
The type segment has been further divided into Cartesian robots, mobile robots, parallel robots, articulated robots, SCARA robots, cylindrical robots, and others.
Some of the prominent players in the global warehouse robotics market are ABB Ltd. (Switzerland), Fanuc Corp. (Japan), Kuka AG (Germany), Yaskawa Electric Corp. (Japan), Amazon.com, Inc. (U.S.) Bleum (U.S), Fetch Robotics (U.S), BlueBotics SA (Switzerland), SSI Schafer (Germany), Daifuku Co., Ltd. (Japan), Dematic Corp. (U.S), Vanderlande Industries Inc. (U.S), and Intelligent Robots Ltd (London), among others.
The global warehouse robotics market includes Asia-Pacific, Europe, North America, and the Rest of the World.
North America is the most dominating market in the world in the context of warehouse robots’ market share. The region has high demand owing to the rising requirement and acquaintance towards safe and quality products. The warehouse robotics industry is expected to see rapid growth. North America sees a higher growth in the market due to its concentration on advancing its plants and facilities with a progressive approach and technologies. The North American region is witnessing a rising demand owing to the increasing use of warehouse robotics in the automotive vertical and from the consumer, which is the primary factor for driving the warehouse market growth. The improved product flexibility and the lessened operating cost in these applications further propel the market. The eminent players such as Fetch Robotics (U.S), Bleum (U.S), Dematic (U.S), Amazon.com. Inc. (U.S), Vanderlande Industries Inc. (U.S) are administering the warehouse robotic market. These prominent players are spending considerable amounts in the manufacturing of warehouse robotics and giving solutions across the globe. However, the high expense of initial stage installations, lack of awareness, deployment and training are some of the factors which may hamper the expansion of the warehouse robotics market growth.
Europe is estimated to hold the second-largest warehouse robotic market share during the forecast tenure owing to the rising demand for warehouse robotics from several sectors such as food and beverages, healthcare, automotive, consumer electronics, and others.
At the same time, the Asia-Pacific nations such as Japan, China, and India are the upcoming establishing warehouse robotics market, which is anticipated to be expanding at the highest CAGR in the forthcoming years.
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- Warehouse robotics companies
- Warehouse robotics providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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