Warehouse Robotics Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2032 | Says FMI Analyst

 The global Warehouse Robotics Market is expected to exceed $5 billion by 2022, increasing at a 13% CAGR over the forecast period. The market is likely to be driven by the growing trend of industrialization and the implementation of Industry 4.0. Against this environment, the market valuation is expected to exceed US$ 9.5 billion by 2032.

Warehouse Robotics

Warehouse robots are growing popularity and relevance due to their employment in a wide range of applications including food and beverage, automotive, pharmaceuticals, electronics, construction, defence, and oil and gas. Companies are investing heavily in R&D activities in the warehouse robotics industry, particularly in developed countries, for product innovation and increased automation.

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With rapid technological advancements and increased demand for warehouse robotics to improve product quality, productivity, and space usage, the worldwide warehouse robotics market is growing at a favourable rate.

In December 2014, Amazon installed almost 15,000 robots in its US warehouse to cut operation cost by one-fifth and to meet up the increasing consumer demand during festive seasons. They also wanted to compete with the brick and mortar stores and to deliver items to customers on time and at a faster rate. The technology was developed by Kiva Systems, a robotics company. Recently, Amazon announced that it would renamed Kiva systems to Amazon Robotics and also hire a head of Robotics.

Warehouse Robotics Market: Drivers & Restraints

Increased demand of automation, time saving and reduction in cost, increasing number of stock keeping units, increasing demand and awareness towords quality and safety production, advancement in technology, increased use in various applications and industries such as food and beverage, electronics, are the important market drivers for the warehouse robotics market.
Initial high adoption cost related to training, deployment, lack of awareness and difficulty in interacting with robots for some end users are some of the barriers which is hampering the growth of warehouse robotics market.

Warehouse Robotics Market: Overview

The warehouse robotics market has grown substantially at a healthy CAGR due to recent advancements in the technology and increasing demand in its applications. Asia Pacific will emerge as the fastest growing region for warehouse robotics market due to increasing demand for automation and increasing awareness about quality production.

 

Warehouse Robotics Market: Region-wise Outlook

The warehouse robotics market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, warehouse robotics market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific is the fastest growing market for warehouse robotics market due to increasing research and development and increasing investment made by the automotive companies.

Warehouse Robotics Market: Key Players

Some of the key market players in warehouse robotics market are ABB Robotics, Kiva Systems, Foxconn Technology Group, Seegrid, SSI Schaefer, Swisslong, Fanuc Corporation.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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