Warehouse Robotics Market by Technological Innovations, Trend and Growing Demand 2021-2026

MarketInsightsReports has published a report entitled Global Warehouse Robotics Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The global warehouse robotics market was valued at USD 3.97 billion in 2020 and expected to reach USD 7.63 billion by 2026 and grow at a CAGR of 11.54% over the forecast period (2021 - 2026).

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Key Players:

ABB Limited, Kiva Systems (Amazon Robotics LLC), Singapore Technologies Engineering Ltd (Aethon Incorporation), InVia Robotics Inc., Fanuc Corporation, Honeywell International Incorporation, Toshiba Corporation, Omron Adept Technologies, Yaskawa Electric Corporation (Yaskawa Motoman), Kuka AG, Fetch Robotics Inc., Geek+ Inc., Grey Orange Pte. Ltd., Hangzhou Hikrobot Technology Co. Ltd, Syrius Robotics, Locus Robotics and others.

Key Market Trends

Increasing Number of SKUs

- An increasing number of SKUs (stock-keeping units) is quite common in the industry, as there is a constant introduction of new products on a regular basis. The luxury of customization and the growing number of consumer choices through the e-commerce platform has pushed the demand for an expanded inventory, with a host of options and styles available at the disposable of the e-commerce retailers for dispatch on request.
- According to the Materials Management & Distribution Report, Just-in-time ordering, direct-to-consumer distribution, and shifting retailer-wholesaler relationships are decreasing the number of large-pallet orders received by distributors. In turn, the growth of small, multiple SKU orders is forcing warehouses to automate.
- Automated, efficient mini-load storage and retrieval systems (AS/RS) address this market challenge by employing lightweight cranes that can sort individual totes, cases, trays, and crates while optimizing storage and releasing key delivery and labor resources. These systems maximize supply chain efficiency through the automation of key processes, including goods arrival, maximized inventory storage, and the fulfillment of outbound shipping orders.
- To meet the demand for home delivery (or curbside delivery), warehouses are increasing in size. The average size of warehouses in 2000 was around 65,000 square feet, compared to >200,000 square feet in 2020. The increase in size helps warehouses to cope with higher volumes and a growing number of SKUs.

Asia Pacific is expected to hold significant market share

- According to the World Robotics report presented by the International Federation of Robotics (IFR) in September 2019, Asia is the world's largest industrial robot market. China remains as the largest industrial robot market with a market share of 36% of total installations. In 2018, about 154,000 units were installed, which is 1% less compared to the previous year, but more than the number of robots installed in Europe and the Americas together and Japan's robot sales increased by 21% to about 55,000 units, representing the highest value ever for the country.
- According to IFR, the operational stock of industrial robots is expected to reach 3788 (in thousand units) by 2021 from 2408 (in thousand units) in 2018. For instance, Alibaba, the world's largest retailer based out of China, has upgraded to robotic labor in one of its warehouses, which has resulted in drastically reducing the labor workforce by 70%, creating an opportunity for a highly-skilled workforce.
- South Koreas population is aging rapidly, and by the middle of this century, it will have one of the oldest populations out of all Organisation for Economic Co-operation and Development countries, just behind Japan, Italy, and Greece. Due to this, most of the manufacturing units are implementing industrial robots to maintain competitiveness.
- Owing to strong technological and mobile adoption, the country is one of the biggest e-commerce markets worldwide, with over 25 million e-shoppers in the country; South Korea stands third in GDP rankings.
- In December 2019, OOCL Logistics launched AI-equipped EVE robots in Ibaraki, Japan. The newly developed smart warehouse is northeast of Tokyo and will be a major logistics hub for OOCL Logistics (Japan) Ltd. The company has added 39 Automated Guided Vehicle (AGV) warehouse management robots called Electric Vehicle (EVE) on the first floor of the new Ibaraki warehouse to overcome labor shortages and increase the efficiency. The company is leveraging AI and the adoption of robotic process automation and customized technologies to improve operational performance, eliminate manual errors, and reduce costs.

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Warehouse Robotics Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Warehouse Robotics Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Finally, the Warehouse Robotics Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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