Growing adoption of robots by Small and Medium-Sized Enterprises (SMES) is accelerating the demand of the Warehouse Robotics market
The global Warehouse Robotics market was valued at USD 3.94 billion in 2020, and it is expected to reach USD 8.43 billion by 2027, with a CAGR of 11.5%, during the forecast period (2021-2027).
The key factor driving the Warehouse Robotics industry is the growing e-commerce industry. The Warehouse Robotics industry is expected to be driven by the combined impact of retail and e-commerce growth and technological changes in automation focusing on energy efficiency. Several companies are integrating robotics and automation to develop their warehouses. Other factors include active funding by venture capitalists to improve the quality and reliability of warehouse operations and the increasing adoption of warehouse robots by small and medium enterprises (SMEs) is driving the warehouse robotics market at a high level in the forecasted period. Deployment of robotic systems in facilities is expected to increase between the year 2020 and 2027, due to high staff turnover and a shortage of skilled labour. Collaborative robots, also known as Cobots, are becoming important in the warehousing industry as they are designed to improve safety and simplify the human-machine interface. Cobots become intelligent thanks to technologies such as machine learning, which allow them to repeat warehouse tasks when they see them as performed by an operator.
North America dominates the warehouse robotics industry due to its high rate of production of new technologies coupled with the strong presence of warehouse operators in the region in the estimated period. Asia-Pacific is expected to have the highest growth rate during the forecast period from 2020 to 2027 due to the increasing number of manufacturing facilities coupled with increasing domestic demand for goods and significant economic growth rates of countries in this region. However, factors such as high installation cost and lack of skilled workforce have hindered the growth of the Warehouse Robotics market during the forecast period. The growing demand for automation and safety awareness as well as higher quality manufacturing is expected to present significant growth opportunities to the Warehouse Robotics Industry.
Warehouse robotics refers to the use of robots, automated systems, and specialized software to perform various tasks, transport materials, and streamline warehouse processes. Since the last few years, robots have gained prominence in supply chains, distribution centers, and warehouse managers and continue to play an important role in warehouse automation.
The key players operating in the Warehouse Robotics market are:
The major players operating in the global Warehouse Robotics market include ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., ATS Automation Tooling Systems, Inc., Amazon.Com, Inc. (Amazon Robotics), Honeywell International, Inc. (Intelligrated), Omron Corp. (Adept Technology, Inc.), Fetch Robotics, Inc., IAM Robotics, and Magazino GmbH among others. The key players operating in this industry are focusing on collaborating with various stakeholders and innovating new products.
Key Findings in Warehouse Robotics Market:
Recent News Warehouse Robotics Industry: