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Market Scenario:Companies such as ABB Ltd. (Switzerland), Fanuc Corp. (Japan), Kuka AG (Germany), Yaskawa Electric Corp. (Japan), and Amazon.com, Inc. (U.S.) are the leading providers of warehouse robotics solution in the global market. In March 2018, ABB Ltd. announced about its latest robotic and drive technologies to automate warehouses and distribution centers. The company is planning to provide maximum throughput through the use of automated solutions, which also includes variable speed drives, robotic applications, and others.
The emergence of the advanced technologies in robotics and the increasing e-commerce industry are some of the driving factors for the growth of the Warehouse Robotics Market. The mobile robots are extensively used in e-commerce sectors for implementing warehouses operation by manufacturing companies. Increased demand for automation and increasing awareness regarding the quality and safety production are projected to boost the warehouse robotics market in the coming years.
The global warehouse robotics market is expected to grow reach USD ~5 billion by 2023 at a CAGR of ~10% during the forecast period 2018-2023.
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Global Warehouse Robotics Market Segmentation:
• By type, global warehouse robotics market has been segmented into mobile robots, articulated robots, cylindrical robots, SCARA robots, parallel robots, Cartesian robots, and others.
• By software, the global market for warehouse robotics is segmented into warehouse management system, warehouse control system, warehouse execution system, and others.
• By function, the market is segmented into pick and place, palletizing and de-palletizing, transportation, packaging, and others.
• By end-user, the global warehouse robotics market has been segmented into e-commerce, automotive, consumer electronics, food and beverages, healthcare, and others.
Key Players
Some of the prominent players in the global warehouse robotics market are 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), and Intelligent Robots Ltd (London), among others.
Regional Analysis:
By region, the global warehouse robotics market is segmented into North America, Europe, Asia Pacific, and, Rest of the World (RoW). North America has been leading the global warehouse robotics market and is projected to retain its dominance over the assessment period. The growth in this region can be attributed to the early adoption of robotics into warehouse management. The developments in industrialization and thriving e-commerce industry are fueling the demand for warehouse robotics in the market.
Europe will witness excessive growth in the market owing to factors such as optimum space utilization, assured efficiency, economical in terms of time, etc. The significant revenue contributions are projected to be generated from the U.K and Germany during the projection period.
Asia Pacific market is poised to register growth at the highest CAGR over the projection period. The emerging economies such as India, China, Japan, etc. are the manufacturing hubs of the region which require an efficient solution to warehouse management problems. Furthermore, the growing competition among the e-commerce giants has also fueled the market expansion of warehouse robotics for catering to consumer demands in the shortest span of time possible. The Rest of the World market is projected to exhibit steady growth during the forecast period.
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Intended Audience
• Warehouse robotics companies
• Warehouse robotics providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
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Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 400805