Warehouse Automation Market Top Key Players - Fetch Robotics, Geek+, Fabric, Righthand Robotics, Jasoren, SCANDIT, Locus, Openledger
The emergence of the Industrial Internet of Things (IIoT) and the advent of a network of connected systems are helping industries perform a multitude of tasks, such as material batching, picking, ordering, packaging, warehouse security, and inspection, as well as improve the operational efficiency by huge margins.
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GLOBAL WAREHOUSING AUTOMATION MARKET TRENDS
Warehouse operations contribute to a majority of resource consumption. As various companies demand new solutions to improve warehouses’ efficiency and reduce cost, the deployment of warehouse robots is set to increase.
For instance, Alibaba, the world’s largest retailer, has upgraded to robotic labour in one of its warehouses. This has resulted in dramatically reducing the labour workforce by 70% by creating an opportunity for a highly-skilled workforce.
Mobile robots are witnessing high growth in small and medium warehouses with smaller pallet sizes. In contrast, the industrial applications in large warehouses dedicated to food and beverage demand articulated and palletizing robots. The growth in overall automation levels allows processing and packaging plants to introduce new products on the same assembly lines.
WAREHOUSE AUTOMATION MARKET SEGMENTATION
• Order Picking
By Industry Verticals
• Asia Pcific
• Middle East and Latin America
COVID-19 IMPACT ON WAREHOUSE AUTOMATION MARKET
Automation plays a featured role during the pandemic that supports social distancing and avoiding contaminated arenas. The COVID-19 outbreak has a widespread impact on the supply chain network and capacity layout of many organizations.
In India, corporates like Mahindra, Shriram Pistons, Tata Steel, Tata Motors, CEAT Tyres, Maruti and VE Commercial Vehicles are seeking interest in adopting automation technology for manufacturing sites.
The impact of the pandemic on the warehouse industry will have long lasting effects on the industrial sector. From concerns of worker safety to the rush to keep up with the surge in e-commerce orders, the need for increased warehouse automation became evident.
6 River Systems
SSI Schaefer AG
Yaskawa Electric Corporation
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