Oct 18, 2019 (AB Digital via COMTEX) -- Market Highlights
The global warehouse robotics market is spanned across Americas, Europe, Asia Pacific, and Rest of world. North America dominates the warehouse robotics market. The increasing adoption of warehouse robotics by various types of industries including small- and medium-sized enterprises are propelling Warehouse Robotics Market growth to the large extent. The increasing demand for automation due to penetration of automation technologies in warehouses is one of the driving factors of the warehouse robotics market growth.
The North American region is experiencing a higher demand due to the growing use of warehouse robotics in the automotive sector and from the consumer, which is driving the warehouse robotics market growth. The reduced operating costs and improved product flexibility in these applications further fuel the market growth. The prominent companies such as Dematic Corp. (U.S), Vanderlande Industries Inc. (U.S), Amazon.com, Inc. (U.S.), Bleum (U.S), and Fetch Robotics (U.S) are providing warehouse robotics solutions to the market. These major players are investing in the manufacturing of warehouse robotics and providing solution across the world. However, the high cost of initial installations, training, and deployment, lack of awareness, and difficulty in interacting with robots are some of the factors, which may hamper the warehouse robotics market growth over the assessment period.
The global warehouse robotics market is expected to reach USD ~ 5 billion at a CAGR of over 10% by the end of the forecast period.
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Some of the key players profiled in MRFR’s latest report for better analysis of the market include ABB Ltd. (Switzerland), Kuka AG (Germany), Amazon.com, Inc. (U.S.), Fetch Robotics (U.S), SSI Schafer (Germany), Dematic Corp. (U.S), Intelligent Robots Ltd (London), Yaskawa Electric Corp. (Japan), Bleum (U.S), BlueBotics SA (Switzerland), Daifuku Co., Ltd. (Japan), Vanderlande Industries Inc. (U.S), and, Fanuc Corp. (Japan). The prominent players endeavor to retain their influence in the market and sustain the changing market trends by employing initiatives such as research & development activities, product developments, acquisitions & mergers, strategic alliances, innovative collaborations, etc.
Geek Plus Robotics has launched an alternative to conveyor systems used in warehouses and claims it to be “the world’s first interweaving sorting robot”. The robot, S20, eliminates the need for expensive installation of fixed elements. It is developed as a cost-effective and innovative tool for increasing parcel sortation efficiency in the warehouse distribution center.
Global Warehouse Robotics Market Segmentation:
By type, global warehouse robotics market has been segmented into mobile robots, articulated robots, cylindrical robots, SCARA robots, parallel robots, Cartesian robots, and others.
By software, the global market for warehouse robotics is segmented into warehouse management system, warehouse control system, warehouse execution system, and others.
By function, the market is segmented into pick and place, palletizing and de-palletizing, transportation, packaging, and others.
By end-user, the global warehouse robotics market has been segmented into e-commerce, automotive, consumer electronics, food and beverages, healthcare, and others.
By region, the global warehouse robotics market is segmented into North America, Europe, Asia Pacific, and, Rest of the World (RoW). North America has been leading the global warehouse robotics market and is projected to retain its dominance over the assessment period. The growth in this region can be attributed to the early adoption of robotics into warehouse management. The developments in industrialization and thriving e-commerce industry are fueling the demand for warehouse robotics in the market.
Europe will witness excessive growth in the market owing to factors such as optimum space utilization, assured efficiency, economical in terms of time, etc. The significant revenue contributions are projected to be generated from the U.K and Germany during the projection period.
Asia Pacific market is poised to register growth at the highest CAGR over the projection period. The emerging economies such as India, China, Japan, etc. are the manufacturing hubs of the region which require an efficient solution to warehouse management problems. Furthermore, the growing competition among the e-commerce giants has also fueled the market expansion of warehouse robotics for catering to consumer demands in the shortest span of time possible. The Rest of the World market is projected to exhibit steady growth during the forecast period.
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