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“Warehouse robotics market to grow at a significant rate between 2017 and 2022”
The warehouse robotics market is expected to grow at a CAGR of 11.8% between 2017 and 2022 and is expected to be valued at USD 4.44 billion by 2022. The key driving factors for the growth of the warehouse robotics market are the growing e-commerce industry, need for enhanced quality and reliability in warehouse operations, active funding from venture capitalists for startup robotics companies, increasing adoption of warehouse robotics by small- and medium-sized enterprises (SMEs). However, the major restraining factors for the growth of this market are high setup cost for warehouse robotic systems and lack of skilled workforce.
“Mobile robots in the warehouse robotics market expected to grow at the highest rate during the forecast period”
The market for mobile robots is expected to grow at a high CAGR between 2017 and 2022. Workers travel throughout the warehouse to pick the desired item for order processing. They are prone to making errors while picking and placing the items from respective shelves. Mobile robots are highly capable in the performing the pick and place and transportation of items with negligible errors compared to human workers. Hence, companies are increasingly using mobile robotics to increase the efficiency of their warehouse leading to a high growth rate of the mobile robots market.
“E-commerce to hold the largest share of the overall warehouse robotics market in 2017”
The e-commerce industry is expected to hold the largest share of the overall warehouse robotics market in 2017. The e-commerce industry has been one of the major contributors to the growth of the warehouse robotics market. Rapidly changing customer demands, rise in online shopping, increasing demand for shorter delivery times, and fierce competition among online retailing companies has increased the demand for automated fulfillment centers.
“APAC to be the fastest-growing market for warehouse robotics during the forecast period”
The warehouse robotics market in Asia-Pacific (APAC) is expected to grow at a high rate between 2017 and 2022. Increasing trend of online retail shopping, growing number of startup companies developing mobile robots in India and China, and high attrition rate of warehouse workers are some of the key factors driving the growth of the warehouse robotics market in APAC.
The break-up of the profiles of primary participants for the report has been given below.
- By Company Type: Tier 1 – 55%, Tier 2 – 30%, and Tier 3 – 15%
- By Designation: C–Level Executives – 50%, Directors – 25%, and Others – 25%
- By Region: North America – 35%, Europe – 25%, APAC – 30%, and RoW – 10%
The key players operating in the warehouse robotics market include ABB Ltd. (Switzerland), Fanuc Corp. (Japan), Kuka AG (Germany), Yaskawa Electric Corp. (Japan), ATS Automation Tooling Systems Inc. (Canada), Amazon.com, Inc. (U.S.), Honeywell International Inc. (U.S.), Omron Corp. (Japan), Fetch Robotics, Inc. (U.S.), IAM Robotics (U.S.), Magazino GmbH (Germany), SSI Schaefer AG (Germany), and Wynright Corp. (U.S.).
The research report on the overall warehouse robotics market covers different segments?type, software, function, payload capacity, industry, and geography. The market has been segmented on the basis of type into mobile robots, articulated robots, cylindrical robots, SCARA robots, parallel robots, and cartesian robots. On the basis of software, the warehouse robotics market has been classified into warehouse management system (WMS), warehouse control system (WCS), and warehouse execution system (WES). The market on the basis of function has been segmented into pick and place, palletizing and depalletizing, transportation, and packaging. On the basis of payload capacity, the market has been classified into 0.5 kg to 10 kg, 11 kg to 80 kg, 81 kg to 180 kg, 181 kg to 300 kg, 301 kg to 900 kg, and more than 900 kg. The warehouse robotics market has been segmented on the basis of industry into e-commerce, automotive, electrical and electronics, metal and machinery, chemical, rubber and plastic, food and beverages, pharmaceuticals, and others. The report covers the market in four major geographical regions?North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
- Illustrative segmentation, analysis, and forecast for the market based on type, software, function, payload capacity, industry, and geography have been conducted to give an overall view of the warehouse robotics market.
- The Porter’s five forces framework has been utilized, along with the value chain analysis, to provide an in-depth insight into the warehouse robotics market.
- The major drivers, restraints, opportunities, and challenges for the warehouse robotics market have been detailed in this report.
- The report includes a detailed competitive landscape, along with in-depth analysis and revenue of key players.