Warehouse Robotics Market to grow from a market value of USD 2.47 billion in 2017 to USD 4.97 billion by the end of 2023| Dominant Vendors - ABB ROBOTICS, DEMATIC GROUP (KION GROUP), KIVA SYSTEMS (AMAZON ROBOTICS), YAMAHA ROBOTICS, amongst others

Market Analysis:

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. 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.

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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. 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. Warehouse robotics will help companies to not only reduce overhead costs, but also increase productivity with consistency and accuracy. Mobile robots are mostly used in the warehouse to sort the electronic goods in their respective pallets.

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Market Segments:
Warehouse Robotics Market is segmented by:
1. Type: Mobile Robots, Articulated Robots, SCARA Robots, Cartesian Robots, Others
2. Function: Storage and Retrieval, Transport, Picking and Palletizing, Packaging, Others
3. End-user Industry: E-commerce, Automotive, Food & Beverage, Chemical, Electrical, Paper, Textile, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

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.

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