ALBANY, New York, May 20, 2019 /PRNewswire/ -- According to a new research report published by Transparency Market Research (TMR), the global warehouse robotics market is expected to reach value of US$ 9,579.3 Mn by 2027, expanding at a CAGR of 12.0% from 2019 to 2027. According to the report, the global market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Asia Pacific is projected to continue to lead the global market, with the market in the region expanding at a CAGR of 13.3% between 2019 and 2027.
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Rising demand for warehouse automation from e-commerce sector driving the global warehouse robotics market
The global warehouse robotics market has witnessed strong growth over the last decade. One of the major drivers of the market is rising demand for warehouse automation from the e-commerce industry led by intense competition prevailing among key players in the industry. Robots have been leveraged in this industry for a long time and they have made the human work easier by operating large industrial settings. Robots in factories have typically been large-sized, caged devices performing repetitive, dangerous works in lieu of humans. Robots are used in factories to help workers perform their tasks by tracking them and correcting them in case of any deviation from the task. Furthermore, robotics and automation allow warehouses to have 24×7 operations. These factors are anticipated to propel the global warehouse robotics market during the forecast period.
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Global Warehouse Robotics Market: Scope of Report
The global warehouse robotics market has been broadly segmented in terms of robot type, application, end-use industry, and region. Based on robot type, the market has been divided into ASRS, articulated robot, gantry Cartesian robot, collaborative robot, SCARA, and others. The articulated robot segment was dominant, holding 31.66% share of the global market in 2018. On the other hand, the collaborative robot segment is anticipated to expand at the maximum CAGR of 13.5% during the forecast period. This growth can be attributed to superior features of collaborative robots such as low cost, better performance, mobile friendlies, and semi-autonomous functionality. Also, collaborative robots are light in weight. They can operate in fast-paced environments, wherein they can be easily deployed for multiple applications. In terms of application, the global warehouse robotics market has been classified into palletizing, transfer & transport, picking & packaging, and others. The picking & packaging segment is expected to continue its dominance during the forecast period. The segment is expected to expand at a high CAGR of 12.6% from 2019 to 2027. Based on end-use industry, the warehouse robotics has been categorized into food & beverages, pharmaceutical, e-commerce, automotive, chemical, rubber and plastic, and others. Among these, the e-commerce segment is anticipated to dominate the global market throughout the forecast period. The segment is projected to expand at a CAGR of 12.9% from 2019 to 2027. This growth is attributable to significant investments from e-commerce firms, such as Amazon, in the deployment of robots in their warehouses in order to reduce operational costs and improve productivity and safety.
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Geographically, the global warehouse robotics market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2018, Asia Pacific accounted for 32.60% share of the global warehouse robotics market. This was attributable to increasing deployment of robots in warehouses in the region and presence of key providers of warehouse robots, such as ATS Automation Tooling System, Yasakawa, and Omron Corporation, in the region. The region is anticipated to hold the maximum share of the global market during the forecast period. The market in the region is projected to expand at the maximum CAGR during the forecast period.
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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. Some of the prominent players operating in the global 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. 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
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