Warehouse Robotics Market 2022 Size, Status and Growth Outlook - ABB Limited, Kiva Systems (Amazon Robotics LLC), Singapore Technologies Engineering Ltd

The Warehouse Robotics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global warehouse robotics market was valued at USD 3.97 billion in 2020 and expected to reach USD 7.63 billion by 2027 and grow at a CAGR of 11.54% over the forecast period (2022 - 2027).

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Top Leading Companies of Warehouse Robotics Market are 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.

Industry News and Updates

February 2020 - ABB Limited and Covariant announced a partnership to bring AI-enabled robotics solutions to market, starting with a fully autonomous warehouse order fulfillment solution and the partnership brings together the two companies with a common vision for robotics enabled by AI, where intelligent robots work alongside humans in dynamic environments, collectively learning and improving with every task completed.

- September 2019 - Honeywell had signed an agreement with retail supply chain services provider "The Apparel Logistics Group" to help the company in the expansion of the e-commerce order output at its distribution center in Dallas. Under this agreement, The Apparel Logistics Group, which engages in third-party logistics and order fulfillment services for apparel, footwear, and accessories will incorporate Honeywell 's automated material handling solutions.

Key Market Trends

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 2022 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.

Regional Outlook of Warehouse Robotics Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Warehouse Robotics Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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