Warehouse Robotics Market Key Information By Top Companies ABB Ltd., Fanuk Corporation, Kuka AG, BlueBotics, Intelligent Flying Machines, IAM Robotics, CANVAS Technology, Balyo

Market Study Report adds Global Warehouse Robotics market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

A vital challenge affecting the warehouse robotics market is the navigation in the dynamic warehouse environment. Due to the continuous shifting columns of boxes and movement of products in huge factories and storage locations, it is challenging for them to function in such an environment. Item manipulation poses an issue in the operations of these systems. System failures could also occur due to interruptions in power supply and unavailability of power resources. High cost could cause a hinderance in the expansion of warehouse robotics market, since the total cost of initially implementing these systems is quite high, as opposed to the productivity and efficiency obtained from the operations.

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The U.S. accounted for the highest growth and revenue shares in the previous years and is anticipated to lead the warehouse robotics market over 2018-2024. The demand for these systems experiences a major hike in the U.S. because of the high labor costs and labor shortage in the country. Incidentally, countries in the Asia Pacific such as Japan and China are also experiencing huge growth opportunities in warehouse robotics market.

The revenue graph of warehouse robotics market is expected to experience a major incline in the years ahead, on account of the fact that replacing the conventional physical labor and machines with automated systems to perform operations like receiving, packaging, and storing saves labor and time and enables better performance. A key driving factor for the warehouse robotics market growth is the growing adoption of these technologies by SMEs. Small-time companies are investing more financial resources in automated machines due to multiple advantages like the non-requirement of skilled laborers, reduced labor cost, and enhanced work safety.

The Government of China has financed an initiative known as Made in China 2025, with a goal to accelerate the automation of key industries like manufacturing sectors, e-commerce, and retail, and to ensure an increase in implementation of automated systems.

Industry players in warehouse robotics market includes Intelligent Flying Machines, BlueBotics, CANVAS Technology, Kuka AG, Fanuk Corporation, ABB Ltd. and IAM Robotics. To provide advanced technologies to consumers and sustain the high competition, industry players are implementing collaborations, mergers and acquisitions, partnerships and new product developments as a part of their growth tactics.

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Besides, these technologies are integrated with sensors and can perform tasks in a highly mechanical environment with no obstacles, yielding higher profit margins. Start-ups have various provisions for their foundations like the aid in training activities, easy infrastructure provision, and tax exemptions. Government provisions like these for SMEs and start-ups are boosting the expansion of the warehouse robotics market.

In terms of the type landscape, gantry systems warehouse robotics market is expected to grow at the highest rate over 2018-2024. Gantry systems are in high demand owing to their capacity of moving heavy loads, along with saving large amount of cost and labor while speeding the production process. The mobile-based warehouse robotics market is also forecast to amass substantial gains as these systems are basically updated versions of the automated guided vehicles which would lower the upfront capital expenditure along with providing more reliability compared to the conventional machines.
Warehouse robotics market size from automotive applications is predicted to account for a major share during the forecast timeline. The growth can be attributed to the deployment of automated guided moving systems, which assist in moving inventory and finished goods to various places in the warehouses, for managing different products available at those places. Another fast expanding application segment of the warehouse robotics market is the food and beverage industry. The expansion of warehouse robotics market share from the F&B sector is mainly due to the reduction in the cost of labor for freezing warehousing operations, ease in sorting and placing grocery for food product producers, and creativity in the packaging of beverages.

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Related Report:

Europe Warehouse Robotics Market by Manufacturers, Countries, Type and Application, Forecast to 2022

Warehouse Robotics are professional robots widely used in logistics network. They mainly existed in warehouses, normally their main functions are picking and transportation. It has become more and more popular in logistics network, and plays an important role in decrease of labor cost. Compared with labor, logistics robots can pick up heavy cartons and heavy payloads in assembly lines and warehouses, while ensuring the safety of workers, reducing product damage and minimizing loss.

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