Europe region holds the largest market share in the Warehouse Robotics Market and is anticipated to reach $383.35 billion by 2023 at a CAGR of 6.5%.
According to the new market research report by IndustryARC titled "Warehouse Robotics Market: By Type (Fixed: Conveyors, Gantry, Palletizers, Others); By Functions (Storage, Sortation, Packaging, Others), By Industry (Automotive, Electronics and Electricals, Food & Beverages, Pharmaceutical, Others) Forecast (2018-2023)", the market is driven by the multi-channel supply-chain strategy in retail, rising labor costs amidst the aging workforce, and leasing of material handling equipment, etc.
Europe held the largest market share in the Warehouse Robotics Market
Europe region holds the largest market share in the Warehouse Robotics Market and is anticipated to reach $383.35 billion by 2023 at a CAGR of 6.5%. However, APAC witnesses highest growth during the forecast period and is expected to reach APAC witnesses highest growth during the forecast period and is expected to reach $289.4 million by 2023 at a CAGR of 7.1% The key drivers of Europe Warehouse Robotics Market are the increasing importance in automation sector in order to resurrect the economy along with ageing workforce.
Selected Value Chain Analysis done in the full report
The robots intended for use in warehouses are initially being researched extensively for end-user functions: receiving, palletizing, de-palletizing, retrieving and transportation. A simulation for a robot is carried out using CAD software. Once this process is done, the specifications for robots are laid for both raw materials and components. The raw materials are required to construct the basic architecture of the robot to withhold electrical and mechanical components. The electrical components including processors, sensors, communication modules, actuators and many others acquired through a plethora of component suppliers while mechanical components such as screws, bolts, arm manipulators or grippers and many other are also obtained via a network of suppliers.
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Excerpts on Market Growth Factors
Rising labor costs amidst the ageing workforce, particularly in developed economies including North America and Western Europe, has boosted the installation of material handling systems market in warehouses.
Use of fixed robots is more in warehouses as they are more feasible for the warehouse applications. The market for these will be growing more rapidly compared to the mobile robots.
The robotics market will be growing for various applications. The revenue earned by the sale of fixed robots for warehousing is estimated to grow at a CAGR of 6.7% and will have revenue of $690.3 million by 2020.
As the retail Food and Beverage is the major patron for these robots, the revenue earned from it will be maximum, which can be around $179.9 million in the year 2020. The CAGR for revenue earning from this industry is projected to be 6.9%.
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Key players of Warehouse Robotics Market:
SI Schaefer was leading the market in the global material handling systems with a dominant share of about 17%, followed by Daifuku and Dematic with 16% and 9% share, respectively. Murata Machinery and Vanderlande Industries occupied 6% market share each. The others section consist of some other prominent players including Beumer Group (Germany), Swisslog (Switzerland), Mecalux (Spain), Knapp AG (Austria), Fives Group (U.S.),Intelligrated(U.S.) and many others that in total held 46% of the total share in material handling systems market in 2013 across the globe.
The automated guided vehicles for light loads have been compared for three suppliers: JBT Corporation, Swisslog and Daifuku.
Some of the eminent companies covered in the section include ABB Robotics (Switzerland), Kuka AG (Germany), JBT Corporation (U.S.), Seegrid Corporation (U.S.), Swisslog Holding AG(Switzerland), Dematic Corporation (U.S.), Daifuku Co. Ltd. (Japan), Fanuc Corporation (Japan)and many others.
Warehouse Robotics Market Report is segmented as indicated below
Warehouse Robotics Market By Application:
2.Automotive Aftermarket Industry
3.Food and Beverages Industry
5.Retail Distribution Center
Warehouse Robotics Market By Components
2.Programmable Logic Controller (PLC)
3.Microprocessors and Microcontrollers
6.RF Module (RFM)
Warehouse Robotics Market By Type
2 Fixed Robots
3 Mobile Robots
Warehouse Robotics Market by Function
Warehouse Robotics Market By Geography (Covers 12 + Countries)
Warehouse Robotics Market By Entropy
1.Yaskawa Electric Corporation
4.Qcomp Technologies, Inc;
6.Grey Orange Robotics Pvt Ltd.
7.Schaefer Systems International, Inc;
8.Adept Technology Inc;
9.Toshiba Machine Co. Ltd
10.Rockwell Automation Inc;
11.Pari Robotics Inc;
12.Kiva Systems, Inc;
13.EK Automation Ltd
15.ATS Automation Tooling Systems, Inc;
A.Service Robotics Market
B.Oil and Gas Robotics Market
What can you expect from the report?
The Warehouse Robotics Market is Prepared with the Main Agenda to Cover the following 20 points:
1.Market Size by Product Categories
6.Top 10 End user Analysis
9.Mergers & Acquisition Analysis
11.Demand Analysis (By Revenue & Volume)
12.Country level Analysis (15+)
14.Market Shares Analysis
15.Value Chain Analysis
16.Supply Chain Analysis
18.Current & Future Market Landscape Analysis
20.Revenue and Volume Analysis