Innovations in Automation Technology to Extensively Contribute towards the Global Warehouse Robotics Market Growth

Inkwood Research estimates that the Global Warehouse Robotics Market is evaluated to register a CAGR of 13.89% in terms of revenue during the forecasting years of 2021-2028.

"Browse 63 Market Data Tables and 53 Figures spread over 170 Pages, along with an in-depth TOC on the Global Warehouse Robotics Market Forecast 2021-2028."

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Warehouse robotics entails the use of robots and automated systems, in addition to specialized software to perform multiple tasks, transport resources, as well as automate or streamline warehouse processes. The expansion of commercial industries has led to the introduction of diverse technological innovations. These developments are integrated into the value chain in order to intensify manufacturing and fulfill the increasing demands of consumers.

Innovations in Automation Technology to Fuel Market Growth
The adoption of innovative automation technologies continues to gain prominence. As a result, robots are no longer found only on the production lines of automotive industries, performing repetitive tasks. Moreover, a new generation of affordable, innovative, flexible, and collaborative robots have entered warehouses, employed in applications across the supply chain.

Warehouse robotics has considerably increased in flexibility, owing to which, their integration does not necessitate structural changes. Hence, the innovations in automation technology are set to play an essential role in propelling market growth.

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Pick & Place is set to be the Dominating Function
In terms of the pick & place segment, a robot is utilized to pick up an object or material and place it in the desired location. Besides, it is the most common and typical task performed in a warehouse. The majority of pick & place applications are run autonomously by robots. Consequently, this aspect improves productivity and increases flexibility by saving time and liberating work personnel for more crucial tasks. Pick & place can be performed by fixed, mobile, Cartesian, and stationery articulated robots.

North America Held the Highest Market Share in 2020
North America is one of the prominent markets for warehouse robotics, owing to the increasing automation rates across industry verticals like pharmaceuticals, e-commerce, automotive, and food & beverage. The region also has numerous advanced technological capabilities, further enabling the automation of multiple divisions.

North America witnessed a sharp rise in warehouse leasing, especially from logistics players in the region. The growing service levels, such as same-day delivery and e-commerce, encourage retailers to outsource their respective services.

In addition to new entrants, numerous market incumbents continue vying for market domination within the global warehouse robotics market.

Although the market penetration is moderate, it is projected to grow rapidly over the upcoming years.

The global market is anticipated to observe increased adoption across the industrial and commercial segments, as well.

Key companies operating in the market include Honeywell International Inc, 6 River Systems, Amazon Robotics, ABB Ltd, etc.

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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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