Warehouse Robotics Market to Showcase Excellent Growth By 12.09% CAGR up to 2023 | ABB ROBOTICS, DEMATIC GROUP, KIVA SYSTEMS, SWISSLOG HOLDINGS, RMT ROBOTICS, KAWASAKI ROBOTICS

The global warehouse robotics market was valued at USD 2.47 billion in 2017, and is forecasted to reach USD 4.97 billion by the end of 2023, with a CAGR of 12.09% during the forecast period (2018 - 2023). The scope of this report is limited to the type of warehouse robots, such as mobile robots, articulated robots, scara robots, and cartesian robots, among others, functions performed by warehouse robots, such as storage & retrieval, transport, picking & palletizing, and packaging, among others, and end-user industry, such as e-commerce, automotive, food & beverage, chemical, electrical, paper & textile, among others. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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Electronics & electrical vendors have always concentrated on their materials to be smoothly handled, when shipments happen. Robotics can be classified into industrial robotics and service robotics. Warehouse Robots are the ones used for activities, such as palletizing, replenishment, assembling, disassembling, consolidation, sorting, packaging, labeling, inspection, storage, etc. In last 10 decades warehouse robotics have found to be growing & expanding their function in different Industries.
Mobile robots are mostly used in the warehouse to sort the electronic goods in their respective pallets. Articulated robots are widely used in the various industries for assembling, picking, and machine tending. Articulated robots are in demand for automation with time saving, being the main driver. Cartesian robots are used to hold and position various varieties of end-effectors, like assembly, dispensing, material handling, palletizing, picking & placing, packaging, unitizing, and sorting.

Key Developments in the Market
• November 2017 - Kawasaki Robotics introduced “Successor”, a new robotic system that reproduces the movements of expert engineers through remote collaboration
• April 2017 - Yale introduced a new robot in its robotic lift truck lineup- Yale MC10-15, which is capable of both point-to-point horizontal transportation and vertical movement. It is also able to autonomously retrieve or deposit pallets from elevated spaces.

The major players include –
ABB ROBOTICS, DEMATIC GROUP (KION GROUP), KIVA SYSTEMS (AMAZON ROBOTICS), SWISSLOG HOLDINGS (KUKA AG), RMT ROBOTICS (CIMCORP), KAWASAKI ROBOTICS INC.,YAMAHA ROBOTICS, amongst others.

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Growing E-commerce Industry is the Major Driver for the Market
The e-commerce market is growing rapidly, and e-commerce sales accounted for one-tenth of total retail sales worldwide in 2017, which thereby increases the need for more logistics workers. Growth of e-commerce is very high in Asia, and it is expected that the retail market in China would be equal to that of UK, France, Germany, Japan, and US combined, by 2020.
Until now, robots haven’t made much impact on the logistics part, but now logistics workers are beginning to collaborate with robots to ensure customers faster service and high quality. Large companies, like Amazon and Walmart, are focusing on warehouse automation to streamline operations and improve overall efficiency. Thus, the focus on warehouse robotics is growing. Warehouse robotics will help companies to not only reduce overhead costs, but also increase productivity with consistency and accuracy.

China is the Largest Market for Warehouse Robots
China has been the world's largest market for industrial robots for five years, accounting for over 30 percent of the global market. Nearly 110,000 industrial robots were sold in China, in 2017. Moreover, China is expected to have over 415,000 industrial robots, surpassing North America, and the European Union in the number of robots deployed in factories by 2019. China is also one of the world’s largest importers of robots, and is expected to account for more than a third of all industrial robots installed worldwide by the end of 2018.
The government has announced “Made in China 2025” goals; the aim is to comprehensively upgrade the Chinese industry by moving the Chinese economy away from low-end, volume, and labor-based production towards higher value-added, and innovation-driven manufacturing, emphasizing quality over quantity. In lieu of this goal in Dec 2013, the Ministry of Industry and Information Technology published a promotion policy for the robotic industry titled u2018The Guidance on Promotion of Development of the Robot Industry’. The goals outlined include producing 100,000 units/year of robots and intelligent devices, and reach an agglomerated scale of 100 billion Yuan by 2020, in the intelligent device industry (which primarily consists of robots). The government also plans to build 2-3 robot industrial parks, and introduce robots to over 80% urban manufacturers. It’s also offering subsidies and tax exemption for companies to encourage the usage of robotics. The articulated robots segment, largely used in the automotive sector, drives the Chinese industrial robotics market. However, due to demand from electronics, semiconductor, and food & beverage manufacturing, SCARA and parallel robots are also expected to grow. Owing to the Chinese demand for industrial robots, various robot manufacturers have started setting up manufacturing facilities in the country. These include companies, such as ABB, Yaskawa, and KUKA.

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This release was published on openPR.