The global warehouse robotics market
is fragmented and highly competitive due to the presence of many market
players, elucidates an upcoming Transparency Market Research (TMR)
report. Several players are concentrating on expanding their foothold
through mergers and acquisitions, partnerships, and collaborations. They
are heavily spending on research and development to introduce
innovative warehouse robotics solutions. Many new companies and startups
are entering the competitive warehouse robotics market. A few of the
prominent players in the global warehouse robotics market include Amazon
Robotics LLC, Fetch Robotics, Inc., Wynright Corporation, SSI SCHAEFER,
and YASKAWA.
Rising number of SME’s in the industrial
sector need robotic solutions to keep pace in the digital world. Hence,
the global warehouse robotics market is expected to witness a boost
during the forecast period. The global warehouse robotics market is
likely to grow at a CAGR of 12.0% from 2019 to 2027. Additionally, the
global warehouse robotics market is projected to reach an estimated
value of US$9,579.3mn during the forecast period.
In terms of geography, the Asia Pacific
region dominates the global warehouse robotics market last year. It is
expected to be monopolized by the Asia Pacific region in the coming
years as well. The growth can be attributed to increasing deployment of
robotic solutions. On the basis of segmentation, the global warehouse
robotics market is divided into food and beverages, e-commerce,
chemical, automotive, plastics, and rubber, in terms of end users. Of
these, the global warehouse robotics market is projected to be ruled by
the e-commerce sector.
Large scale industries deploy robotic
solutions to perform dangerous operations instead of humans. Robotics
help in tracking data related to tasks in case of human errors or any
deviation from task oriented work. Additionally, humans can work only up
to limited hours, however, robots can be put to operations 24/7.
During labor crunch situations such as indefinite strikes and protests
by labor unions, robotics solutions come to rescue. They can easily
carry out the operations at an industrial level without any loss for the
industry. Such factors are expected to drive the global warehouse
robotics market to a stellar growth during the forecast years.
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