Warehouse Robotics Market Estimated to be Valued at USD 5 Bn by 2023

Pune, India, July, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Warehouse Robotics Market Research Report.

Market Insights:

The increasing labor cost and availability of efficient warehouse automation solutions have catapulted the adoption of warehouse robotics across different industry verticals. In the report published recently by Market Research Future (MRFR), it has been revealed that the global warehouse robotics market will grow at 10% CAGR and is projected to reach a market value of USD 5 Bn.

One of the key driving factors of warehouse robotics market is the accelerating demand from e-commerce industry. The e-commerce industry needs better warehouse management solutions for efficient quality and faster delivery. Furthermore, the increasing cost of labor-intensive solutions is projected to enhance the inclination towards warehouse robotics.

The utilization of warehouse robotics assures optimum use of both time and space at an economical cost which is driving the large-scale adoption of the technology in the world. The embracement of the technology has already started and is poised to expand extensively over the next couple of years. The innovations being introduced in the market by the top-notch players are favoring the market growth and expansion.

Global Warehouse Robotics Market Segmentation:

By type, global warehouse robotics market has been segmented into mobile robots, articulated robots, cylindrical robots, SCARA robots, parallel robots, Cartesian robots, and others.

By software, the global market for warehouse robotics is segmented into warehouse management system, warehouse control system, warehouse execution system, and others.

By function, the market is segmented into pick and place, palletizing and de-palletizing, transportation, packaging, and others.

By end-user, the global warehouse robotics market has been segmented into e-commerce, automotive, consumer electronics, food and beverages, healthcare, and others.

Access Report @ https://www.marketresearchfuture.com/reports/warehouse-robotics-market-5039

Regional Analysis

By region, the global warehouse robotics market is segmented into North America, Europe, Asia Pacific, and, Rest of the World (RoW). North America has been leading the global warehouse robotics market and is projected to retain its dominance over the assessment period. The growth in this region can be attributed to the early adoption of robotics into warehouse management. The developments in industrialization and thriving e-commerce industry are fueling the demand for warehouse robotics in the market.

Europe will witness excessive growth in the market owing to factors such as optimum space utilization, assured efficiency, economical in terms of time, etc. The significant revenue contributions are projected to be generated from the U.K and Germany during the projection period.

Asia Pacific market is poised to register growth at the highest CAGR over the projection period. The emerging economies such as India, China, Japan, etc. are the manufacturing hubs of the region which require an efficient solution to warehouse management problems. Furthermore, the growing competition among the e-commerce giants has also fueled the market expansion of warehouse robotics for catering to consumer demands in the shortest span of time possible. The Rest of the World market is projected to exhibit steady growth during the forecast period.

Competitive Dashboard:

Some of the key players profiled in MRFR’s latest report for better analysis of the market include ABB Ltd. (Switzerland), Kuka AG (Germany), Amazon.com, Inc. (U.S.), Fetch Robotics (U.S), SSI Schafer (Germany), Dematic Corp. (U.S), Intelligent Robots Ltd (London), Yaskawa Electric Corp. (Japan), Bleum (U.S), BlueBotics SA (Switzerland), Daifuku Co., Ltd. (Japan), Vanderlande Industries Inc. (U.S), and, Fanuc Corp. (Japan). The prominent players endeavor to retain their influence in the market and sustain the changing market trends by employing initiatives such as research & development activities, product developments, acquisitions & mergers, strategic alliances, innovative collaborations, etc.

Geek Plus Robotics has launched an alternative to conveyor systems used in warehouses and claims it to be “the world’s first interweaving sorting robot”. The robot, S20, eliminates the need for expensive installation of fixed elements. It is developed as a cost-effective and innovative tool for increasing parcel sortation efficiency in the warehouse distribution center.