According to this market research report, the global warehouse robotics market size was valued at $2.79 billion as of 2018. Following the trends, the opportunities in the market are evaluated to grow at a healthy CAGR of 10.46% during the forecast period of 2019 to 2025.The report is titled “[URL=https://industryarc.com/PressRelease/982/Warehouse-Robotics-Market-Research.html]Warehouse Robotics Market[/URL]: By Robot Type (Fixed, Mobile); By System Type (Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System, Swisslog CarryPick ); By Function (Goods Consolidation & Distribution, Order Fulfilment); By Components (PLC, Micro-controller, Actuators, Others); By End-User (Manufacturing, Retail Distribution. Others) & By Geography - Forecast (2019-2025).”
Global Warehouse Robotics Market: Leading Segments
According to the analyst, geographically, APAC held the highest market share for the warehouse robotics market in the year 2018. APAC was accountable for grasping 29.25% of the global warehouse robotics market share. As per the analysts from IndustryARC, the automotive application in the warehouse robotics market is growing at a healthy CAGR of 11.61% through to 2025.
Global Warehouse Robotics Industry Analysis
Conventional warehouse operating systems are being replaced by robotic warehouse systems. Warehouse automation focuses on optimizing the speed and accuracy in the supply chain using automated warehouse robots. According to the International Federation of Robotics, the global sales of industrial robots reached 387,000 units in 2017. The upsurge of e-commerce business has established multiple warehouses in various locations which have inspired the need for an automated process to handle large scale products.
View Full Table Of Content Of Warehouse Robotics Market
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Global Warehouse Robotics Market Trends
The advancing drone technology is paving its way to handle warehouse operations. Hefty amounts of capital are being invested in the research and development department in drone operations to implement the warehouse automation.
Artificial intelligence and augmented reality are being integrated into the digital factory. Implementation of such innovative technologies will amend the errors occurring due to the fallacious human interactions.
The opportunities in the warehouse robotics are cyclic and will continue withdrawing profits for the global warehouse robotics market. The modularity of robotic parts and software processes will continue to engulf profits in the warehouse robotics market.
Global Warehouse Robotics Market: Competitive Landscape
Some of the key companies operating in the warehouse robotics market and contributing to innovating developments are ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., Amazon.com, Inc., Yamaha Robotics, Fetch Robotics, Inc., Locus Robotics, Omron Corporation, Honeywell International Inc., and Siemens AG.
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.