Greater Demand for Automation and Technological Advancements to Boost the Warehouse Robotics Market

The emergence of robotic technology has transformed the way businesses carry out their operations today. An example is warehouse robots which have revolutionized warehouse operations by bringing speed, accuracy, and efficiency via assembling, picking, transportation, packaging, and shipping goods. They efficiently guide laborers to pick up the right items and transport them across a warehouse to be packed and shipped. In some cases, robots do this without any supervision, relying on intelligent programming set within their systems.

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The warehouse robotics market is growing owing to the increased demand for automation, high competition in the e-commerce industry, and the advancement in technology. As per the report published by Allied Market Research, the warehouse robotics market is expected to reach $5,186 million by 2023, growing at a CAGR of 11.6% from 2017 to 2023.

In June 2018, Mobile Industrial Robots (MiR), a leading manufacturer of collaborative mobile robots launched a new warehouse robot to automate the transportation of pallets and heavy goods across warehouses. Geek Plus Robotics, an intelligent logistics robot solution provider introduced the latest version of what it claims is “the world’s first interweaving sorting robot” for warehouses. In March 2018, GreyOrange, a robotics and supply chain automation company announced its beta launch of an autonomous picking solution called Butler PickPal at LogiMat 2018 in Stuttgart, Germany.

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Dominating Market Players Profiled in this Industry Insight:

•ABB Ltd.
•Fanuc Corp.
•Kuka AG
•Yaskawa Electric Corp.
•Amazon.com, Inc.
•Yamaha Robotics
•Fetch Robotics, Inc.
•Locus Robotics
•Omron Corporation
•Honeywell International Inc.
•Siemens AG.

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Analyst Says,

The warehouse robotics market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to associated benefits such as reduction in costs due to intense competition in the e-commerce sector and advancements in technology.

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