Market Research Future Releases Warehouse Robotics Market Report 2023
Warehouse robotics includes the family of automated systems and robots which can perform a variety of tasks within the warehouse. Developments in internet of things (IoT), automation, and artificial intelligence (AI) has led to a surge in adoption of robots in huge warehouses. The global warehouse robotics market report by Market Research Future (MRFR) contains foresights and estimations for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its impact on the industry has been taken into account in the report.
Market Scope
The global warehouse robotics market is expected to grow to a size of USD 5 billion by 2023 at a CAGR of 10% during the forecast period.
The emphasis on quality production and policies pertaining to safety in factories and units can drive the market demand during the assessment period. The implementation of warehouse management systems for overlooking warehouse robots and performance of vital functions pertinent to the production process can bode well for the market. This is exemplified by Amazon which has deployed 100,000 warehouse robots in its fulfillment centers. Emergence of collaborative robots for enhancing the security of factories can be seen as a trendsetter in the global warehouse robotics industry.
The COVID-19 pandemic has led to the enforcement of a temporary movement control order (MCO). The shift to automation for resuming the production process and commitment of previous orders can drive the demand for warehouse robots during the forecast period. Investments in artificial intelligence for reducing operational costs can also lead to dependence on robots as a strategy for growth.
Segmentation
The global warehouse robotics industry is segmented into type, software, function, and end-users. The type is segmented into SCARA robots, Cartesian robots, parallel robots, mobile robots, articulated robots, cylindrical robots, and others. The software is segmented into warehouse execution system, warehouse management system, warehouse control system, and others. The function segment is sub-segmented into packaging, transportation, pick and place, palletizing and de-palletizing, and others. End users in the market comprise healthcare, e-commerce, automotive, consumer electronics, food and beverages, and others.
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Regional Analysis
The market spans across four regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the- World (RoW).
North America is one of the leading regions of the world in terms of market share. The warehouse robotics market in this region has a huge demand due to the increasing demand and awareness towards quality and safety products, which is propelling
the market growth to a large extent. Deployment of robots in large warehouses for doing work such as transportation of goods, inventory management, and decision making can drive the regional warehouse robotics market growth till 2023.
The warehouse robotics market in Europe is expected to witness rapid growth in the forthcoming period. Germany can lead in the region owing to being an industrial hub of various goods.
APAC is estimated to expand at a significant rate owing to countries such as China, Japan, and India. The rising demand for production facilities, rise of ecommerce, penchant for goods online, and notable growth of economies can augur favorably for the regional warehouse robots market.
Competitive Outlook
ABB Ltd., Amazon.com, Inc., Yaskawa Electric Corp., Fanuc Corp., and Kuka AG are key players of the global warehouse robotics market. Cutting package costs and improving efficiency levels are key factors driving the need for warehouse robots and their subsequent adoption by large warehouses. The increased capacity demand during holidays in the retail industry will provide plenty of opportunity for the market to thrive and give a stellar performance.
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About Us
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
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