Press release
Warehouse Robotics Market Projected to reach $4.44 Billion by 2022 | Key players include ABB, Fanuc, Kuka, Yaskawa Electric and Honeywell International
MarketsandMarkets
Browse 65 market data Tables and 71 Figures spread through 169 Pages and in-depth TOC on "Warehouse Robotics Market - Global Forecast to 2022"
View detailed Table of Content here -
https://www.marketsandmarkets.com/Market-Reports/warehouse-robotic-market-128876258.html
The term warehouse robotics is used to describe the process of automating different warehouse functions such as transportation, pick and place, packaging, and palletizing and depalletizing by using fixed or mobile robots. The use of warehouse robots reduces the need of human intervention and increases the efficiency of warehouse operations. The warehouse robots are used in different industries such as e-commerce, automotive, electrical and electronics, food and beverages, and pharmaceuticals. The growth of the market is propelled by the growing e-commerce industry, need for efficient and reliable warehouse operations, active funding from venture capitalists, rising labor cost, and increasing adoption of warehouse robotics by small- and medium-sized enterprises (SMEs).
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128876258&utm_source=OpenPR
“Based on type, mobile robots expected to grow at the highest CAGR in the warehouse robotics market between 2018 and 2024”
A mobile robot is equipped with its own hardware, software, and other electronic components such as sensors, controllers, and drives to perceive and move around its surrounding. Its architecture allows it to create a set of maps, similar to global positioning system (GPS). Then the robot decides the best route, depending on obstacles. In the coming years, the mobile robot is expected to be the biggest trend for warehouse automation and material handling applications. The increasing adoption of mobile robots by large e-commerce companies such as Amazon.com, Alibaba Group, and JD.com for their order processing and shipment is expected to drive the growth of the mobile robots market.
“Based on software, WMS expected to grow at the highest CAGR in the warehouse robotics market”
The warehouse management system is a highly specialized business application that controls the flow of inventory into, within and out of a company’s warehouse or multiple warehouses. The primary purpose of a WMS is to manage the overall activity within a warehouse and process the associated transactions, including receiving, put-away, order selection, and shipping. A WMS also handles the movement of materials from one location to another, physical inventories, and cycle counting. The WMS is the most intelligent and widely known than WCS and WES because it can manage the flow of inventory, labor tasks, and orders from receipt to shipping. WMS offers benefits such as increased productivity and efficiency, reduced cost, and reduced labor requirements.
“Based on function, transportation expected to grow at the highest CAGR in the warehouse robotics market”
Manufacturing companies, third-party logistics providers, and independent warehouse operators are increasingly relying on efficient warehouse inbound and outbound transportation to remain competitive in the market. In a very demanding warehouse and distribution environment, the internal transportation of goods and products need to be done very efficiently and cost effectively. Thus, the warehouse operators are widely using robots for performing automated transportation of goods between different locations within a warehouse. The mobile robots are widely used for the automated transportation of materials to minimize the cost related to the entire transportation process. Moreover, these robots also help to minimize the risk of accidents by reducing the involvement of manual labor.
“Based on payload capacity, 0.5 kg to 10 kg payload range expected to grow at the highest CAGR in the warehouse robotics market”
Robots with a payload capacity range between 0.5 kg and 10 kg are most frequently used by warehouse operators. The type of robots under the payload range between 0.5 kg and 10 kg includes articulated, cartesian, parallel, and SCARA robot. The e-commerce and food and beverages are highly demanding industries in the warehouse robotics market. Many warehouse operators of these industries invest in robots with smaller payload capacity as these robots can handle smaller sized packets efficiently and cost effectively.
“E-commerce industry to hold the largest share of warehouse robotics market during forecast period”
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, fierce competition among online retailing companies has increased the demand for automated fulfillment centers. The growing demand for quick order supply to customers in an accurate and undamaged form, rising competition in the ecommerce industry, and rapid rise in the online shopping consumers are the key factors expected to drive the growth of the warehouse robotics market in the e-commerce industry.
“APAC expected to be the fastest-growing market for warehouse robotics during the forecast period”
APAC is the fastest growing region in the warehouse robotics market. Increasing trend of online retail shopping, growing number of startup companies developing mobile robots in India and China, the high attrition rate of warehouse labors, and active funding by venture capitalists for the development of mobile robots in the region are some of the key factors driving the growth of the warehouse robotics market in APAC. Further, the economic growth of APAC has increased the use of warehouse robotics in the manufacturing and retailing industry. The increase in production facilities and rising domestic demand for products are the major factors driving the growth of the warehouse robotics market across the APAC region.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=128876258&utm_source=OpenPR
Major players involved in the warehouse robotics market include ABB (Switzerland), Fanuc (Japan), Kuka (Germany), Yaskawa Electric (Japan), Amazon.com (US), ATS Automation Tooling Systems (Canada), Honeywell International (US), Omron (Japan), Fetch Robotics (US), IAM Robotics (US), Magazino (Germany), SSI Schaefer (Germany), and Wynright Corp. (US).
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Warehouse Robotics Market Projected to reach $4.44 Billion by 2022 | Key players include ABB, Fanuc, Kuka, Yaskawa Electric and Honeywell International here
News-ID: 1801750 • Views: …
More Releases from MarketsandMarkets™
Feed Premix Market, Global Industry Size Forecast
The global feed premix market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to increasing awareness about feed quality, and the implementation of innovative animal husbandry practices to improve meat quality are the important drivers for…
Water-soluble Fertilizers Market is Expected to Grow $23.9 billion in 2028
According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%.…
Population Health Management (PHM) Market worth $53.3 billion by 2027 - Leading …
Population Health Management (PHM) Market is projected to grow from USD 27.8 billion in 2022 to USD 53.3 billion by 2027, at a CAGR of 13.9% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Growth in this market is driven by the opportunities offered by the emerging markets in healthcare. However, lack of data management, and interoperability issues are expected to challenge the growth of this…
Veterinary Pain Management Market worth $2.5 billion - Leading Key Players are B …
Veterinary Pain Management Market is projected to grow from USD 1.8 billion in 2022 to USD 2.5 billion by 2027, at a CAGR of 6.7% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Pain is the physiological term to describe the chemical processes that are at work in the body that receive a stimulus, modify it, and transfer it to the brain for interpretation and reaction.…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
