Press release
Warehouse Robotics Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: Fanuc Corporation and Honeywell International Inc. are key players.
The prime factors propelling the growth of the warehouse robotics market are the increase in the automation of business processes and the evolution of warehouse technology.As per the report, the market of warehouse robotics is expected to grow at a steady pace.
Warehouse robotics describes using robots, automation technologies, and specialized computer systems to speed up and automate warehouse processes. Robotics has witnessed a rise in its implementation in distribution channels, logistics systems, and warehouse management circles and continues to play a significant role in warehouse automation. As a result of technological advancements and a highly competitive economic environment, modern warehouses incorporate robotics. As a result, they provide efficient warehouse operations because of their ability to increase efficiency, precision, and operational productivity. In addition, several types of warehouse automation provide value to warehousing operations by automating menial and repetitive jobs, which lower the workload of human workers and enable them to focus on other crucial tasks.
The automation of warehouse activities assists in reducing aggregate corporate expenses and product delivery errors. The robotics industry is exploring its potential in various storage and distribution applications by maximizing organizational supply and logistics efficiency as a result of significant technology advancements. The growth in warehouse units, greater investments in warehouse automation, universal rise in labor costs, and the availability of scalable technological solutions have all propelled the market for warehouse robots.
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The warehouse robotics market is segmented into type, application, industry vertical, and geography.
Based on different types of warehouse robotics, the market has been classified into Automated Guided Vehicles (AGVs), automated storage and retrieval systems (AS/RS), cobots, articulated robotic arms, and others.
Based on their application across different warehouse activities, warehouse robotics has been divided into picking, sorting, packaging, and transportation. Picking and sorting activities offer opportunities to expand articulated robotics arms and automated storage and retrieval systems, whereas transportation activities relating to warehouses provide growth opportunities for automated guided vehicles.
Depending on the industry vertical, the market has been segmented into food and beverage, automotive, retail, electrical and electronics, pharmaceutical, and others. Due to the rise in the need for order precision, industry competitiveness, and the demand for fulfillment and distribution center automation, along with the expansion of online shopping, the demand for automated warehouse robotics is expected to rise in the retail sector. Consequentially, an increasing number of e-commerce companies are collaborating for the effective utilization of warehouse robotics technology.
By region, Asia-Pacific is anticipated to witness significant growth in the warehouse robotics business due to the increase in manufacturing facilities accompanied by warehouse units. In addition, the Asia Pacific region's warehouse robotics industry is also anticipated to develop due to the increasing domestic demand for goods. The penetration of warehouse robotics technology in the Asia Pacific can be attributed to the increased demand across industries for digital warehouses, automation of distribution centers and warehouses, and an increase in the R&D expenditure related to warehouse robotics across different companies.
The major players covered in the warehouse robotics market study are Material Handling Systems, MHI, ABB, Honeywell International Inc., Fanuc Corporation, Kiva Systems (Amazon Robotics LLC), Toshiba Corporation, Locus Robotics, Boston Dynamics, and Bastian Solutions, LLC.
This Warehouse Robotics Market has been analyzed into the following segments:
• By Type
o Automated Guided Vehicles (AGVs)
o Automated storage and retrieval systems (AS/RS)
o Cobots
o Articulated robotic arms
o Others
• By Application
o Picking
o Sorting
o Packaging
o Transportation
• By Industry Vertical
o Food and Beverage
o Automotive
o Retail
o Electrical and Electronics
o Pharmaceutical
o Others
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Spain
• Others
o Middle East and Africa
• Saudi Arabia
• Israel
• Other
o Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Taiwan
• Others
Related Reports:
• https://www.knowledge-sourcing.com/report/industrial-robotics-market
• https://www.knowledge-sourcing.com/report/robotic-vision-market
• https://www.knowledge-sourcing.com/report/global-logistics-robots-market
• https://www.knowledge-sourcing.com/report/articulated-robot-market
• https://www.knowledge-sourcing.com/report/robotic-process-automation-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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