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2020-03-11
710
Global
Warehouse robotics technology boosted up has not made a remarkable impact on the logistics industry. But, in the past few years, technical advancement in robotics has seen many changes and advanced robots are prepared to enter warehouses. Warehouse workers will benefit from robotics technology, while customers will get faster service and higher quality. Big market giants such as Google and Amazon represent one-third of the funding for the new era of robotics technology. Seeing the huge potential of robots, Amazon acquired Kiva, a startup robotics company worth USD 775.0 million in 2013 to explore the business of warehouse logistics. Amazon accounts for more than 40,000 robots operational in 20 fulfillment centers. Fetch Robotics, a new startup company that is focusing distribution market has developed a robotic arm that can pick items from the standard warehouse shelf and can arrange them into an 18 order tote. Fetch Robotics, raised venture capital of worth USD 23.0 million, most of it from SoftBank, a Tokyo based phone and internet service provider. The company also invested USD 100.0 million in a robotics company named Aldebaran that has created the robot pepper. In recent 12 months, Google acquired about eight robotics startup companies including a startup focusing on automated trailer unloading using advanced perception method. It is estimated that Google has spent around USD 500.0 million to enter into a high-tech robotics game.
By Product Type
By Application Type
By End-Users
By Geography
The global warehouse market accounted for over USD 12.0 billion in 2017 owing to the growing e-commerce industry and the need for more efficient and reliable warehouse operations.Asia-Pacific region
is expected to witness the fastest growth and dominate the global warehouse robotics market. By the end of 2025, the Asia-pacific region is projected to reach more than USD 5.5 billion backed up by favorable government legislatures and initiatives such as Made in China 2025 and Make in India. With these favorable policies, many automotive companies are establishing new manufacturing units equipped with modern technologies to meet global standards. North America warehouse robotics market is expected to surpass USD 3.0 billion by the end of 2025.
According to Goldstein Research, more than 80% of warehouses across the globe are manually operated with no support of automation. These warehouse facilities dealing with the demand for mobile material handling increased productivity and continuously improving IT. Around 15% of warehouses are mechanized. In addition, these mechanized warehouses use some sort of material handling automation such as conveyors, sorters and other mechanized equipment to increase their efficiency and to improve the productivity of the existing workforce. Recent developments in robotics for warehouses might turn out to be the major game-changer for the logistics industry. Advanced warehouse robots are now able to perceive, manipulate and are able to place a vast variety of objects and goods in less structured environments. Advanced robots and their ability to increase productivity and profitability, are anticipated to propel the growth of warehouse robotics market. Today one of the major challenges faced by the warehouses is the low availability of laborers. Finding skilled employees and workforce to move goods efficiently within the warehouses is not easy for companies around the world. The rising need for logistic workers is driven by the growing e-commerce business across the globe. Additionally, the shrinking population in western countries led to the declining size of the available workforce. Online retail in the United States and Europe is witnessing 10% year-on-year growth in e-commerce business. Asia is the fastest-growing market for online retail, it is estimated that by 2020 the online market of China will be equal to France, Germany, Japan, U.K and the U.S combined.
Market Synopsis
Market Segmentation
The global warehouse robotics market is segmented as follows:
Global Warehouse Robotics Market Report covered insights of below-mentioned regions:
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry-level players to ascertain their business in a dynamic ecosystem
Expert Analysis
Concluding Remarks
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