Warehouse robots are autonomous pre-programed machines, used for various tasks such as material handling, stocking of raw material, sorting, assembling & disassembling, trans-shipment, distribution, replenishment, packaging, labeling, inspection, consolidation, and others. Mobile robots such as Automated Guided Vehicles (AGVs) and Fixed Robots are incorporated at various locations in a warehouse and these function in coordination to serve the aforesaid applications.
Warehouse robots gain a lot of popularity and importance owing to its usage in different applications such as food & beverage, automotive, pharmaceuticals, electronics, construction, defense, oil & gas, and others. Moreover, increase in demand for automated processes, time saving and reduction in cost, growth in e-commerce industry, increase in number of warehouses & its reliable operations, demand and awareness toward quality and safety production, advancement in technology, reduced labor turnover, and increased use in various applications & industries such as food & beverage and electronics drive the warehouse robotics market growth. However, initial high adoption cost related to training required for robots, deployment of robots in warehouses & storage plants, lack of awareness, synchronization of the human decisions with robotic intelligence, and difficulty in interacting with robots for some end users are some of the barriers, which hampers the growth of warehouse robotics market.
As compared to human labor, warehouse robots can pick up heavy cartons & packages in assembly line, while ensuring the safety of human labor, minimizing loss, and product damage. In addition, increase in adoption of warehouse robotics by small- and medium-sized enterprises (SMEs) are projected to provide ample opportunities for the market growth.
The market is segmented based on product into fixed, mobile, gantry, and stationary articulated robots. Mobile robots are expected to lead the overall warehouse robotics market between 2017 and 2023, owing to their capability of moving products around the warehouse faster than human workers and retrieving them without an error. The fast moving nature of items and same day or next day delivery schedules has made e-commerce companies implement mobile robots in their warehouses.
On the basis of function, the market is segregated into pick & place, palletizing & depalletizing, transportation, and packaging. The application areas of warehouse robotics market are e-commerce industry, food & beverage industry, consumer electronics industry, industrial goods industry, automotive industry, defense, healthcare industry, and others.
The market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA along with their respective countries. North America is expected to dominate the global market during the analysis period. Upgrade to latest technology, adoption of sophisticated automation, and rise in robotic functions are expected to boost the market growth. The Asia-Pacific market is expected to grow at a significant rate due to the increase in popularity of robotics in industrial applications, rise in labor cost, and growth in e-commerce industry. In addition, with Amazons focus on India and Alibabas ever-growing presence in China, the Warehouse Robotics Market expects to be dominated by demand originating from Asia-Pacific during the next few years.
The key players profiled in this report include Fanuc Corp., Kuka AG, ABB Robotics, Foxconn Technology Group, Amazon.com, Inc., ATS Automation Tooling Systems Inc., Honeywell International Inc., Daifuku Co., ltd., Dematic Corp., and IAM Robotics.
In 2012, Amazon.com, Inc. acquired Kiva robots and rebranded it as Amazon Robotics. The company stopped selling robots to other companies and took everything under their robotic division so as to produce for their own distribution centers. According to a report by The Seattle Times, Amazon has 45,000 robots across 20 fulfillment centers. Also, Aethon Inc.s TUG robots are used in healthcare facilities to deliver medications from a pharmacy to nursing stations throughout the facility. The TUG robot is installed in about 140 hospitals throughout the U.S. This robot transports and delivers medications, laboratory specimens, meals, linen, and surgical supplies. It can also haul a variety of environmental services payloads such as trash, regulated medical waste, and soiled linen. At one facility in Kentucky, the TUG delivers over 400 medication orders daily and travels about 5.5 miles.
- This report provides an in-depth analysis of the global warehouse robotics market to elucidate the potential investment pockets.
- The current trends and future scenarios are outlined to determine the overall market potential and single out profitable trends to gain a stronger foothold in the market.
- Information regarding key drivers, restraints, and opportunities along with their detailed impact analysis is explained.
- Quantitative analysis of the current market trends and future estimations from 2014 to 2022 are offered to indicate the financial competency.
- Porters Five Forces Model illustrates the potency of the buyers and suppliers.
Warehouse Robotics Market Key Segmentation:
By Product Type
- Fixed Robots
- Mobile Robots
- Gantry Robots
- Stationary Articulated Robots
- Pick & Place
- Palletizing & Depalletizing
- Food & Beverage
- Consumer Electronics
- Industrial Goods
- North America
- Rest of Europe (Italy, the Netherlands, and Others)
- Rest of Asia-Pacific (Singapore, Australia, Thailand, and Others)
- Latin America
- Middle East
- Fanuc Corp.
- Kuka AG
- ABB Robotics
- Foxconn Technology Group
- Amazon.com, Inc.
- ATS Automation Tooling Systems Inc.
- Honeywell International Inc.
- Daifuku Co., ltd.
- Dematic Corp.
- IAM Robotics