Warehouse Robotics Market Segmentation, Forecast, Market Analysis, Global Industry Size and Share to 2025
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The logistics sector has witnessed significant growth in both developed and developing countries, owing to the rapid industrialization coupled with the government initiatives to boost the manufacturing sector in their respective countries. For instance, Made in China (MIC) 2025 is a Chinese government initiative that is introduced in May 2015. The initiative includes a series of ambitious state-backed programs launched by the government of China. This is intended to modernize the Chinese economy, leverage productivity and make innovations that are a major driver for the country’s economic growth.
A full report description of "Warehouse Robotics Size, Share Segmentation, Research and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/warehouse-robotics-market
The Indian government introduced the Make in India initiative in 2014, which is intended to enhance the contribution of the manufacturing sector to national GDP and transform India into a global manufacturing hub. These initiatives are driving the logistics sector across these countries. For instance, as per the India Brand Equity Foundation (IBEF), the market size of the logistics sector in India is expected to reach $215 billion by 2020, growing at a CAGR of 10.5% over 2017. This may result owing to the investment in the logistics sector in the country.
According to the IBEF, during the period, 2018 and 2020, the warehousing segment is poised to receive an investment of nearly $7 billion. This investment will likely increase the demand for warehouse automation solutions in the country and thereby is expected to drive the demand for robotics platforms in warehouses. Growth in manufacturing operations is increasing the demand for the supply chain process, which in turn, supports the need for logistics activities, including transportation, warehousing, and packaging activities.
To achieve a strong manufacturing base in the country, advanced logistical networks and sophisticated supply chains are required, which is expected to increase the demand for domestic warehouse automation vendors. Owing to these opportunities, several robotic start-ups offering solutions for warehouse operations have emerged in the country, which includes Addverb Technologies, GreyOrange, and Falcon Autotech, which in turn, will create scope for the global warehouse robotics market.
Further, increasing demand for warehouse automation in small and medium enterprises (SMEs) coupled with the rising competition in the retail sector is further anticipated to drive the global warehouse robotics market. SMEs may try to gain a competitive advantage owing to the increasing presence of large retailers in the country. Therefore, they will invest in automation to well establish their infrastructure. For instance, BigBasket, an online grocery start-up in India, is focusing on investment in its warehousing and logistics network and automation technologies. Hence, increasing competition among large and small enterprises may drive the demand for automation solutions among SMEs that can support to increase their productivity and competitiveness.
Warehouse Robotics Market Segmentation
• Pick & Place
• Assembling & Dissembling
• Food & Beverage
• Others (Paper & Printing and Metal)
Warehouse Robotics Market – Segment by Region
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.
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