The expanding number of stock-keeping units in the sector, as well as the continual development of new goods on a regular basis, are expected to support the expansion of the worldwide warehouse robots market. Furthermore, the convenience of personalization and the growing number of end-user options made possible by e-commerce platforms have resulted in a rise in inventory. The growing size of the warehouse aids in dealing with the large quantities and increasing number of stock holding units, which is predicted to increase the growth of the global warehouse robotics market. Several regions have already made or are in the way of implementing new official laws to safeguard the worker protection beside the industrial robots. As per the several authorities, NIOSH is the only official agency in the US which is implementing the guidance for the safe connections betwixt the human beings and the robot. The authors put up four human safeguard rules with the robots which comprises of workplace safety, quality in maintenance, interface with the human labors and the operations which further hampers the growth of the global warehouse robotics market.
According to Coherent Market Insights, the Global Warehouse Robotics Market was valued at US$ 9.88 Bn in 2021 and is forecast to reach a value of US$ 35.8 Bn by 2030 at a CAGR of 15.5% between 2022 and 2030.
Major Players in the Warehouse Robotics Industry:
1. Locus Robotics
Locus Robotics is a warehouse robotics company that manufactures autonomous mobile robots to support e-commerce. It was founded in 2014 and headquartered in Wilmington, Massachusetts. In Jan. 26, 2023 Berkshire Grey, Inc. , a leader in AI-enabled robotic solutions that automate supply chain processes, and Locus Robotics, announced their formal partnership with the unveiling of their combined solution that integrates the Berkshire Grey Robotic Shuttle Put Wall (BG RSPWi) with Locus Origin and Locus Vector bots. This innovative integrated solution deploys end-to-end robotic automation solutions for retail and eCommerce customers looking to maximize their supply chain productivity and throughput while addressing growing labor shortages.
2. Honeywell International Inc.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. The company was founded in 1885 and is headquartered in Charlotte, North Carolina.
3. Fanuc Corporation
Fanuc Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines. It also provides FANUC intelligent edge link and drive systems, an open platform for the manufacturing industry. The company was incorporated in 1950 and is headquartered in Yamanashi, Japan.
4. TGW Logistics Group GMBH
The TGW Logistics Group is a system provider of highly automated, flexible solutions supporting distribution for leading retailers. Founded in 1969, headquartered in Austria.