The global Warehouse
Robotics market is expected to witness significant demand over the forecast
period. The main consideration for automation in warehouse emphasizes more
on labor-intensive jobs or those that are carried under hostile environment. In
such cases, robotics comes into picture which enables sophisticated methods to
complete the tasks. Deploying a robot in warehouse can turn out to be an
expensive affair and it is important to determine the return on investment
resulting from a reduced unit cost. So, while considering the cost of
equipment, the cost of maintenance is also to be considered with equal
importance. On the basis of type, the global warehouse robotics market is
segmented into mobile robots, articulated robots, SCARA robots, cylindrical
robots, parallel robots, and Cartesian robots.
Most systems exist in order to
reduce labor costs and enhance the accuracy in order picking operations.
Moreover, these systems also resolve the inbound problem, focusing on accurate
put away and replenishment. Hence speed, accuracy and reduced labor costs are
primary goals for those planning on an automated warehouse. The pressure lies
in completing an order within the specified time. For instance, if the pressure
is to speed up customer orders, the necessary action needed is to reduce order
cycle time.
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Another instance is when the
pressure is about increased volume of unmet orders; the necessary action is to
redesign a material handling system with greater capacity. Again, if the
pressure is, costly or scarce labor, the necessary action is to automate in
practical possibilities; thus capability involves faster pick rates and a
system that enables employment of less skilled people.
Commercially, companies are
investing huge in R&D activities in the warehouse robotics market
specifically in the developed countries to generate innovative products and
also automate in a more progressive way. Therefore, with constant development
in technology and growth in demand of warehouse robotics the global market is
anticipated to grow at a higher CAGR in the forecast period owing to enhanced product
quality, production and space utilization.
The key driving factors
responsible for the growth of warehouse robotics market include rising demand
of automation, time and cost-efficient, increasing SKU, rising demand &
awareness towards quality production & safety, technological development,
growing use in various applications and industries such as food & beverage
and electronics are some of the important drivers of the market. However,
higher costs pertaining to deployment and labor training plus low awareness
while interacting with robots for some end users are some of the market
constraints resulting in hampering of growth.
On the basis of software, the
global warehouse robotics market is segmented into warehouse management system,
warehouse control system and warehouse execution system. On the basis of
function, the global warehouse robotics market is segmented into pick &
place, palletizing & depallatizing, transportation and packaging.
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On the basis of payload capacity,
the global warehouse market is segmented as 0.5kg to 10kg, 11kg to 80kg, 81kg
to 180kg, 181 kg to 300 kg, 301 kg to 900 kg and more than 900 kg. On the basis
of industry, the global warehouse market is segmented into e-commerce,
automotive, electrical & electronics, metal & machinery, chemical, rubber
and plastic, food & beverages, and pharmaceuticals.
On the basis of geographic
segmentation, the global warehouse market spans North America, Europe,
Asia-Pacific, Middle-East and Africa. North America dominates the global market
in the forecast period owing to favorable conditions in the U.S. such as highly
developed infrastructure and a growth in e-commerce industry by leaps and
bounds. APAC regions such as India & China are estimated to grow at a
higher CAGR owing to rapid growth in e-commerce industry. The key players in
the global warehouse robotics market include ABB LTD, Fanuc Corp, Kuka Ag,
Yaskawa Electric Corp, and Amazon.com Inc.
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