Warehouse Robotics Market
Warehouse Robotics Market (Robot Type - ASRS, Articulated Robot, Gantry Cartesian Robot, Collaborative Robot, SCARA; Application - Palletizing, Transfer and Transport, Picking and Packaging; End use Industry - Food and Beverages, Pharmaceutical, E-commerce, Automotive, Chemical, Rubber and Plastic) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Global Warehouse Robotics Market - Snapshot
Warehouse robotics refer to the use of robots specifically for warehouse activities such as picking, storing, packing, palletizing, transfer, and transport. Currently, warehouse robotics are increasingly being used in warehouses of different industry verticals including food & beverages, e-commerce, automotive, retail, and pharmaceutical. The global warehouse robotics market is projected to expand at a CAGR of 12.0% during the forecast period and reach value of US$ 9,579.3 Mn by 2027.
Over the last few years, the E-commerce industry has witnessed significant growth. This has augmented the demand for warehouses to store large amounts of e-commerce inventories. This led to high demand for human personnel to carry out processes and operations in warehouses. According to CBRE, a prominent international industrial real estate firm based in the U.S., rapid growth of the e-commerce sector is expected to create demand for an additional 452,000 warehouses and distribution workers by FY 2018–19, which could turn out to be unsustainable in the already labor-strapped industry. One of the methods to deal with this labor crunch is deployment of warehouse robots in warehouses, which can ensure smooth and timely functioning of warehouses. According to CBRE, increasing investments in the deployment of robots in warehouses can help mitigate labor scarcity by boosting the productivity level of the existing workforce. This factor is expected to fuel the demand for warehouse robots. This, in turn, is projected to have a positive impact on the warehouse robotics market during the forecast period.
Moreover, increasing demand for industrial robots from SMEs is creating new opportunities for the global warehouse robotics market. For instance, Universal Robots sold about 400 cobots from 2016 to 2018 to around 100 companies, of which SMEs account for approximately 40% of share. Furthermore, increasing number of acquisitions and startups by leading players, such as Amazon and Google, has become a major trend in the global warehouse robotics market. Manufacturers are focused on strategic mergers with and acquisitions of other players in order to broaden their product portfolio. For instance, in April 2019, Amazon announced to acquire Canvas Technology, an autonomous warehouse robotics company. The acquisition is expected to make certain innovative addition to Amazon’s robot offerings. Currently, Amazon has about 100,000 systems deployed across 25 fulfillment centers.
However, lack of awareness and high costs associated with training and deployment of warehouse robotics are some of the restraints likely to hamper the global warehouse robotics market during the forecast period.
With the objective of business expansion, several players are expanding their offerings through strategic mergers and acquisitions as well as partnerships. Furthermore, an increasing number of players are spending significantly on R&D activities to develop innovative and technologically advanced warehouse robotics solutions. Some of the prominent players operating in the global warehouse robotics market are ABB, Amazon Robotics LLC, ATS Automation Tooling Systems Inc., FANUC America Corporation, Fetch Robotics, Inc., KUKA AG, OMRON CORPORATION, SSI SCHAEFER, Wynright Corporation, and YASKAWA.
Global Warehouse Robotics Market - Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the warehouse robotics market at the global and regional levels. The report provides analysis of the market for the period from 2017 to 2027, wherein 2019–2027 is the forecast period and 2018 is the base year. An in-depth and unbiased market assessment has been made to provide readers with comprehensive and accurate analysis. The report emphasizes all major trends anticipated to be witnessed in the global warehouse robotics market from 2019 to 2027. It also focuses on drivers, restraining factors, and opportunities for the global warehouse robotics market. The study provides a complete perspective about growth of the warehouse robotics market, in terms of value (in US$ Mn), across various geographies including North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report includes detailed value chain analysis, which provides an extensive view of the global warehouse robotics market. The Porter’s Five Forces analysis provided in the report helps understand the competition scenario of the market. The study incorporates market attractiveness analysis, wherein robot type, application, and end-use industry segments have been benchmarked based on their market size, growth rate, and attractiveness. In order to offer complete analysis of the competition scenario in the warehouse robotics market, attractiveness analysis of the market in every region has been provided in the report.
The market overview chapter explains market trends and dynamics that include drivers, restraining factors, and the current and future opportunities for the global warehouse robotics market. Market outlook analysis has also been provided in the report. Additionally, the report offers analysis of different business strategies adopted by leading players operating in the global warehouse robotics market. The market introduction chapter helps in gaining an idea of different trends prevalent in the global warehouse robotics market.
Global Warehouse Robotics Market: Scope of Report
The study provides a decisive view on the global warehouse robotics market, by segmenting the market in terms of robot type, application, and end-use industry. The report provides a detailed, region-wise segmentation of the warehouse robotics market and sub-categorizes it into various countries, thereby providing valuable insights at micro and macro levels.
The report further highlights the competition scenario in the warehouse robotics market, thereby ranking all major players according to their geographic presence and key recent developments. Insights into the market is a result of extensive primary interviews, secondary research, and in-house expert panel reviews. Market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
The warehouse robotics market in North America has been segmented into Canada, the U.S., and Rest of North America. Furthermore, the Europe market has been divided into France, Germany, the U.K., and Rest of Europe. The warehouse robotics market in Asia Pacific has been classified into China, Japan, India, and Rest of Asia Pacific. Middle East & Africa comprises GCC, South Africa, and Rest of Middle East & Africa. Similarly, South America includes Brazil and Rest of South America. The report provides all strategic information required to understand the global warehouse robotics market. The report also offers insights into different robot type, application, and end-use industry segments according to various geographical regions mentioned above.
Global Warehouse Robotics Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources include annual reports, company websites, SEC filings, investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, and statistical databases.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews of the warehouse robotics market across geographies. Primary interviews are usually conducted on an ongoing basis with market experts and participants in order to obtain latest market insights and validate the existing data and analysis. Primary interviews offer new information on important factors such as market trends, market size, competition landscape, and growth trends. These factors help validate and strengthen secondary research findings. Moreover, the data collected from secondary and primary research is discussed and examined by TMR’s expert panel.
Global Warehouse Robotics Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global warehouse robotics market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players profiled in the report are ABB, Amazon Robotics LLC, ATS Automation Tooling Systems Inc., FANUC America Corporation, Fetch Robotics, Inc., KUKA AG, OMRON CORPORATION, SSI SCHAEFER, Wynright Corporation, and YASKAWA. Companies are focusing on expanding their business through strategic acquisitions and partnerships.
The global warehouse robotics market has been segmented as follows:
Global Warehouse Robotics Market, by Robot Type
- Articulated Robot
- Gantry Cartesian Robot
- Collaborative Robot
Global Warehouse Robotics Market, by Application
- Transfer & Transport
- Picking & Packaging
Global Warehouse Robotics Market, by End-use Industry
- Food & Beverages
- Chemical, Rubber and Plastic
Global Warehouse Robotics Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America