Warehouse Robotics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2024
Due to the increase in technology advancement and growth in the warehouse robotics demand to improve the product quality, production and space utilization, there is a positive growth for the global warehouse robotics market. Growth of e-commerce industry, rise in labor cost, growing need for efficient and reliable warehouse operations, active funding from venture capitalists for startup of robotics companies and the increased adoption of small and medium-sized enterprises of warehouse robotics is boosting the growth of the global warehouse robotics market. The key driving factors of the warehouse robotics market are the rise in number of stock keeping units, high adoption rate of multichannel supply chain strategy demand for efficient and effective work load distribution, growing number of players in retail sector and increase in government expenditure on automation infrastructure development. Due to factors like initial costs and research and development being higher, the threat of job displacement, lack of awareness, and difficulty of some end users to interact with robots are some of the restraining factors of the global warehouse robotics market.
Sarasota, FL -- (SBWire) -- 06/20/2018 --Global Warehouse Robotics Market: Overview
Warehouse robots are used for a variety of activities that include sorting, palletizing, replenishment, consolidating, assembling and disassembling, labeling, packaging storing, inspection and many more. Due to applications in a wide variety of field's warehouse robotics market is gaining popularity. Warehouse robotics market is to bring robotics in the warehouse to perform different functions like pick-place, packaging, palletizing and transportation. The integration of robotics and warehouse has increased the accuracy and automation along with expansion of warehouse storage space and operation efficiency. To automate the robots in a more advanced way and for new innovations, companies of developed countries are investing more on research and development activities.
Global Warehouse Robotics Market: Growth Factors
Due to the increase in technology advancement and growth in the warehouse robotics demand to improve the product quality, production and space utilization, there is a positive growth for the global warehouse robotics market. Growth of e-commerce industry, rise in labor cost, growing need for efficient and reliable warehouse operations, active funding from venture capitalists for startup of robotics companies and the increased adoption of small and medium-sized enterprises of warehouse robotics is boosting the growth of the global warehouse robotics market. The key driving factors of the warehouse robotics market are the rise in number of stock keeping units, high adoption rate of multichannel supply chain strategy demand for efficient and effective work load distribution, growing number of players in retail sector and increase in government expenditure on automation infrastructure development. Due to factors like initial costs and research and development being higher, the threat of job displacement, lack of awareness, and difficulty of some end users to interact with robots are some of the restraining factors of the global warehouse robotics market.
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Global Warehouse Robotics Market: Segmentation
The global warehouse robotics market is classified by type, software, by function, by payload capacity and by industry. On the basis of type, the warehouse robotics market is segmented into mobile robots, Cartesian robots, articulate robots, parallel robots, cylindrical robots and SCARA robots. By function, the warehouse robotics market is segmented into pick and place, transportation, palletizing and depalletizing and packaging. On the basis of software, warehouse management system, warehouse control system and warehouse execution system are the divisions of the warehouse robotics market. by payload capacity, the segmentation of the warehouse robotics market is as 0.5 kg to 10 kg, 11 kg to 80 kg, 81 kg to 180 kg, 181 kg to 300 kg, 301kg to 900 kg and more than 900 kg. Warehouse robotics market by industry is divided into e-commerce, automotive, electrical and electronics, metal and machinery, chemical, rubber, and plastic, food and beverages, pharmaceuticals and others.
Global Warehouse Robotics Market: Regional Analysis
North America is estimated to be one of the key growth regions of the global warehouse robotics market. The growing e-commerce industry highly developed warehousing infrastructure and the favorable economic conditions are the key factors affecting the growth of the warehouse robotics market. the presence of established and startups robotic companies in the region like Amazon Robotics, Fetch Robotics,Inc., etc are contributing to the growth of the warehouse robotics market. it is estimated that the Asia Pacific region will have a larger share the warehouse robotics market due to the growth in e-commerce, food and beverage, metal and machinery, and electronic and electrical industries.
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Global Warehouse Robotics Market: Competitive players
Some of the major players in the global warehouse robotics market are ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., Amazon.com, Inc., ATS Automation Tooling Systems Inc., Honeywell International Inc., Omron Corp., Fetch Robotics, Inc., IAM Robotics, Magazino GmbH, SSI Schaefer AG, and Wynright Corp.
Global Warehouse Robotics Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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