Market Research Report
Global Warehouse Robotics Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||920445|
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|Global Warehouse Robotics Market 2019-2025|
|Published: December 18, 2019||Content info:||
The global warehouse robotics market is estimated to grow significantly during the forecast period. The major factors driving market growth include the emerging demand for warehouse automation and a significant rise in the e-commerce industry. Warehouse automation is gaining importance over the years and several warehouse managers are applying robots and autonomous vehicles to conduct warehouse everyday operations more safely and efficiently. Warehouse automation includes a range of operations, such as automatic data entry and storage and delivery of goods. The constant, robust growth of the warehouse industry and shortage of labor have increased pressure on warehouse operators to discover a cost-effective and flexible way to fulfill the enhanced demand for productivity and efficiency.
Further, the growth in the e-commerce industry has led the demand for the opening of new warehouse facilities, which in turn, is driving the adoption of warehouse robotics within the facility. There are several e-commerce companies using robotics in their warehouse operations, which include Amazon, Inc., Alibaba, and JD.com, Inc. in October 2018, Alibaba introduced the biggest robotic warehouse in China, which is intended to deal with Singles Day demand. The warehouse employs nearly 700 automated guided vehicles to pick up a parcel and deliver it to the other part of the warehouse. Such kinds of initiatives show an increasing focus on warehouse robots and thereby driving the growth of the market.
Geographically, the global warehouse robotics market is segmented into North America, Europe, Asia-Pacific, and RoW. North America occupied a significant share in the global warehouse robotics market in 2018 owing to the significant presence of well-established and start-ups robotic firms in the region. There is an availability of funding opportunities for robotic start-ups in the US. For instance, in April 2019, Locus Robotics raised financing of $26 million in Series C funding. The company manufactures autonomous mobile robots for order fulfillment of e-commerce companies. The company's "multi-bot" picking system comprises the LocusEmpower and LocusBots software, which combined with warehouse management systems. The new funding will support the company to widen its market leadership with new deployments in Europe and enable it to leverage its continuing product developments.
Some of the major players operating in the global warehouse robotics market include ABB Ltd., Fanuc Corp., Amazon Robotics, Toshiba Corp., and Honeywell International, Inc. Mergers & acquisition, product launches, partnerships & collaborations are considered as key strategies adopted by the market players to expand market share and gain a competitive advantage.
The market study of the global warehouse robotics market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
The report is intended for IoT companies, e-commerce companies, providers of warehouse automated solutions, robot designers and manufacturers, contract manufacturers, component manufacturers, suppliers, traders, system integrators, warehouse operators in various end-user industry, government organizations, potential investors and venture capitalists, and other market participants for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
The Report Covers: