Warehouse robotics indicates to the utilization of automated robots and they have specialized software which help them in transporting materials which help in conducting several tasks and the streamlining or automating the processes of warehouse. Currently, robotics has received lot of importance in the supply chain and warehouse management circles and it also plays a very vital role in the warehouse management.
Statistics:
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.
Figure 1: Global Warehouse Robotics Market Value (US$ Mn) Analysis and Forecast, 2017 - 2030
Asia Pacific held a dominant position in the Global Warehouse Robotics Market Share in 2021
Statistics:
Asia Pacific held a dominant position in the Global Warehouse Robotics market in 2021, accounting for 47.0% share in terms of volume, followed by North America region.
Figure 1: Global Warehouse Robotics Market Share (%), By Region, 2021
Key Developments:
In February 2021, the new GoFa and SWIFTI, provide huge loads and exceeds than the YuMi and Single Arm YuMi in ABB’s lineup, are coming together. The industries expansion in huge development classifications such as logistics, F&B, hospital, consumer goods and electronics are elevated by the quick, reinforced and much competent cobots that are equivalently competitive to the rising need for automation over various industries.
In September 2021, ABB announced FlexBuffer robotic for the supply chain in the e-commerce. It offers various levels of tractability to the consumer goods, F&B, retailers, hospitals and the restaurants providing them with a vast flexible multi-functional method for controlling several tasks such as buffering, storage and then sequencing.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 9.88 Bn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 15.5% | 2030 Value Projection: | US$ 35.8 Bn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Locus Robotics, ABB Limited, Honeywell International Inc., Fanuc Corporation, Geek+ Inc., TGW Logistics Group GMBH, Omron Adept Technologies, Swisslog Holding AG (KUKA AG), Singapore Technologies Engineering Ltd (Aethon Incorporation), Yaskawa Electric Corporation (Yaskawa Motoman), InVia Robotics Inc., Fetch Robotics Inc., Syrius Robotics, Grey Orange Pte Ltd, Hangzhou Hikrobot Technology Co. Ltd and Toshiba Corporation. |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Market Drivers:
Driver 1:
The rising number of stock-keeping units which is very general in the industry, and there is a consistent establishment of the new items regularly is anticipated to drive the growth of the global warehouse robotics market. Furthermore, the amenity of personalizing and the rising number of end-user choices with the help of e-commerce platforms has led to the increase in the inventory.
Driver 2:
The expanding size in the warehouse assists to cope up with the huge volumes and rising number of the stock keeping units which is expected to boost the growth of the global warehouse robotics market. Furthermore, to meet the requirements of the home delivery process the size of the warehouse has been increased and the minimal size of the warehouse is 2000 which holds nearly 65,000 sq.ft
Market Restraint:
Restraint 1:
Several regions have already made or are in the way of implementing new official laws to safeguard the worker protection beside the industrial robots. For example, South Korea has created a Robot Ethics Charter. The EU has approved its RoboLaw plan. Germany is in its trial process of launching and working with the clinical or the biomechanical needs for the industry of human-robot relationship which is anticipated to hamper the growth of the global warehouse robotics market.
Restraint 2:
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.
Market Opportunities:
Opportunity 1:
Due to the availability of many sellers in the market, customer prospects are rising, and they predict to receive the products rapidly which provides a lucrative opportunity with more pliability to set and arrange the arrival times without any delivery charges. Moreover, manufacturing and production has now become more personalized which is very advantageous for the end-users, however is a bit challenging for the warehouse industry.
Opportunity 2:
Various key sellers in the market have implemented vast and intellectual utilization of the technology from the data analytics and automation to the internet which ensures the low price, which enhances the efficacy and it also provides the opportunity to make a correct and an appropriate innovation in the tasks of warehouse industry.
Market Key Takeaways/Trends:
Trend 1:
With the expanding reliability on the e-commerce facilities, effective sorting has now been essentially vital, especially in the parcel sector. Advanced Conveyor System uses the scanners which help one to scan and read the bar codes in either sides of the packages to conclude the further action. Robotics arms are utilized by the autonomous palletizers to create pallets from the single units and cases, chiefly utilizing advanced analytics to identify the correct placement for every box.
Trend 2:
The usage of drones in the warehouse is acting as a key trend for the management of inventory and the outside for the management of the yard. Anyhow, a vast usage of drones is expected in the future. The main concern is the security of drones for the workers of the warehouse. Many industries are implementing on the expansion of safety in the warehouse keep the drones in view. They can be utilized to carry inspection of products or scan the products placed on the rooftop.
Competitive Landscape:
Major companies operating in the global warehouse robotics market are Locus Robotics, ABB Limited, Honeywell International Inc., Fanuc Corporation, Geek+ Inc., TGW Logistics Group GMBH, Omron Adept Technologies, Swisslog Holding AG (KUKA AG), Singapore Technologies Engineering Ltd (Aethon Incorporation), Yaskawa Electric Corporation (Yaskawa Motoman), InVia Robotics Inc., Fetch Robotics Inc., Syrius Robotics, Grey Orange Pte Ltd, Hangzhou Hikrobot Technology Co. Ltd and Toshiba Corporation.
Warehouse robotics are also known as the automated guided vehicles (AGVs) which can move from one place to other place within the warehouse. They generally follow a magnetic stripe or the track on the floor of the warehouse. They even have additional security scanners that permit them to be employed with the manual automotive. They are embedded with the insertion of the warehouse locations and the inventory inside them. They are helpful as they save the timespan which people can utilize at some other place.
Market Dynamics:
The approval of the advanced AMRs is anticipated to boost the growth of the global warehouse robotics market. Moreover, Omron advanced the HD and LD sequence of AMRs for huge and delicate to medium loads. Furthermore, in 2020 Danish producer VOLA fixed a fleet of nine Omron LD-90 AMRs to produce a totally coordinated method for the autonomous substances conveyance in the industry. The deployment enhanced the whole output, flexibility, manufacture and working methods.
The quick improvement in automation technology announces novel variation in the goods leading present technologies to become rapid and the requirement to change or enhance daily requires huge expenditure which leads to the hampering of the global warehouse robotics market. Goods –to-person or robot-to-goods AMRs usually require more than three robot per picker, which is projected to hamper the growth of the global warehouse robotics market.
UAV flash control software, has created a new technological advancement that permits the staff workers and the drones to co-exist. It utilizes the developed and new perspectives Navigation Method to permit a DJI drone, to fly in an indoor environment or the surrounding. It is 50% quick than manual inspection and it ignores putting the human beings in harmful or difficult way.
Key features of the study:
Detailed Segmentation:
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