Global Warehouse Robotics Market is Expected to Expand at a Compound Annual Growth Rate (CAGR) of 7.4% Over the Forecast Period i.e. 2016-2024

Posted on 2018-08-17 by Goldstein Research in Industrial // 0 Comments

New York, USA, 2018-Aug-17 — /EPR Network/ —According to our estimate, more than 80% of warehouses around the world are still manually operated with no support of automation technologies. Warehouse facilities are continuously boosting the demand for advanced material handling equipment, increased productivity and improved IT infrastructure. About 15% of warehouses are mechanized and rest 5% using some type of automation solutions and the remaining warehouse facilities across the globe are representing huge growth opportunities for the warehouse robotics market. Additionally, these automated warehouses uses some class of material handling automation such as conveyors, sorters and other automatic equipment to escalate their productivity and to improve efficiency of the existing workforce. Recent development in the field of robotics for warehouses might turn out to be the major game changer for logistics industry.

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Major technology companies are investing huge amount on this potential technology in order to exploit the huge opportunities. Technology giants such as Google and Amazon are represents about one third of total funding over the promising warehouse robotics technology. Moreover, Amazon acquired Kiva, a startup robotics company worth USD 775.0 million in 2013 to discover the industry of warehouse logistics. Amazon accounts for more than 40,000 robots operational in 20 fulfillment centers.

“Global Warehouse Robotics Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in warehouse robotics industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, warehouse robotics manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall warehouse robotics industry.

Global Warehouse robotics Market Segmentation can be classified on the basis of:-

By Product Type

Fixed Robots
Mobile Robots
Gantry Robots
Stationery Articulated Robots

By Application Type

Storage
Sorting
Assembling and Disassembling
Trans-shipment
Distribution
Inspection
Consolidation
Others

By End-Users

Food and Beverage
Automotive Industry
Airport and Marine Ports
Automated Retail
Electrical and Electronics Industry
Manufacturing Industry
Others

By Geography

North America (US, Canada) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion),Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion),Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD billion), Adoption Rate (%)}

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Market Trends, Drivers and Challenges

Manufacturers of warehouse robotic are continuously spending on advancement of warehouse robotics in order to make them more efficient and low running cost. The trend of continuous improvements in technologies to improve the performance and price competitiveness gap between advanced warehouse robots and warehousing solutions will continue over the next five to six years. One of the major challenges confronted by the warehouses operation is low availability of human labors. Finding skilled employees and workforce to move goods proficiently within the warehouses is not an easy task for companies across the globe. Growing need for logistic workers is also driven by the growing e-commerce business across the globe. These factors have highly augmented the need for warehouse robotics solutions and the market is likely to boom in the coming years.

“Global Warehouse Robotics Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global warehouse robotics market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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By Product Type

By Application Type

By End-Users

By Geography

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