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The North American region is experiencing a higher demand due to the growing use of warehouse robotics in the automotive sector and from the consumer, which is driving the warehouse robotics market growth. The reduced operating costs and improved product flexibility in these applications further fuel the market growth. The prominent companies such as Dematic Corp. (U.S), Vanderlande Industries Inc. (U.S), Amazon.com, Inc. (U.S.), Bleum (U.S), and Fetch Robotics (U.S) are providing warehouse robotics solutions to the market. These major players are investing in the manufacturing of warehouse robotics and providing solution across the world. However, the high cost of initial installations, training, and deployment, lack of awareness, and difficulty in interacting with robots are some of the factors, which may hamper the warehouse robotics market growth over the assessment period.
The global warehouse robotics market is expected to reach USD ~ 5 billion at a CAGR of over 10% by the end of the forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Warehouse robotics Market Research Report -Forecast to 2023”.
Global Warehouse Robotics Market Segmentation
The global warehouse robotics market is segmented into type, software, function, end-users, and region. The type is segmented into mobile robots, articulated robots, cylindrical robots, SCARA robots, parallel robots, Cartesian robots, and others. The software is segmented into warehouse management system, warehouse control system, warehouse execution system, and others. The function segment is sub-segmented into pick and place, palletizing and de-palletizing, transportation, packaging, and others. Whereas, the end users segment is sub-segmented into e-commerce, automotive, consumer electronics, food and beverages, healthcare, and others sectors. The market is spanned across four regions including North America, Europe, Asia Pacific, and rest of the world.
The prominent players in the global warehouse robotics market ABB Ltd. (Switzerland), Fanuc Corp. (Japan), Kuka AG (Germany), Yaskawa Electric Corp. (Japan), Amazon.com, Inc. (U.S.) Bleum (U.S), Fetch Robotics (U.S), BlueBotics SA (Switzerland), SSI Schafer (Germany), Daifuku Co., Ltd. (Japan), Dematic Corp. (U.S), Vanderlande Industries Inc. (U.S), Intelligent Robots Ltd (London), among others.
Market Research Analysis:
The global warehouse robotics market is consists of the Americas, Europe, Asia Pacific, and Rest of world.
North America is dominating the global warehouse robotics market. The warehouse robotics market is witnessing a high growth owing to focus on modernizing their plants and facilities with advanced technologies.
Europe is projected to hold the second largest share of the warehouse robotics market during the forecast period due to the huge demand for warehouse robotics from various verticals such as automotive, consumer electronics, food and beverages, healthcare and others.
Asia Pacific is expected to witness the highest CAGR in the coming years.
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