The global warehouse robotics market size is expected to USD 4.7 Billion in 2021 to USD 9.1 Billion by 2026, at a CAGR of 14.0%. The market witnessed a significant increase in the demand for robots due to the impact of COVID-19. The supply chain disruption caused by the pandemic is expected to affect the market significantly. Also, due to lockdown restrictions, companies were not able to source the required labor for their operations due to travel restrictions.
Though the market is impacted in 2020, it is expected to recover by 2021. Expanding the e-commerce industry, increase in funding from venture capitalists, and growing need for enhancing quality and reliability of warehouse operations are some of the key factors driving the growth of the warehouse robotics market. Also, the integration of Industry 4.0 with warehouse robots and the rise of autonomous mobile robots (AMR) is likely to boost market growth.
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ABB Ltd. (Switzerland), KUKA AG (Germany), KION GROUP AG (Germany), Daifuku (Japan), FANUC Corporation (Japan), Geekplus Technology (China), GreyOrange Pte. Ltd. (US), Murata Machinery Ltd. (Japan), Omron Corporation (Japan), Toyota Industries Corporation (Japan), Shopify, Inc. (Canada), Hikrobot (China), IAM Robotics (US), inVia Robotics, Inc. (US), JBT (US), Knapp AG (Austria), Locus Robotics (US), Magazino GmbH (Germany), Scallog (France), Shanghai Quicktron Intelligent Technology Co. Ltd. (China), SSI Schaefer AG (Germany), Teradyne, Inc. (US), Vecna Robotics (US), Yaskawa Electric Corporation (Japan), and Zebra Technologies Corp. (US) are the key players in the warehouse robotics market.
The warehouse robotics market is fragmented, owing to the presence of several players. Key strategies adopted by these players to expand their product portfolio, increase their market share, and expand their presence in the market are deals and product launches. Many market players adopted product launches and deals as their primary business strategies. For instance, in May 2021, FANUC America has expanded its series of SCARA robots by launching high-performance SCARA robots that offer more reach and payload options to companies along with assembly, packaging, pick and place, and inspection processes. In February 2021, ABB has launched the GoFa and SWIFTI cobot families to complement the company’s YuMi and Single Arm YuMi cobot line-up. The new cobots are stronger and faster, offering higher payloads and speeds to accelerate the company’s expansion in high-growth markets, including electronics, healthcare, consumer goods, logistics, and food & beverage.
Daifuku provides consulting, engineering, design, manufacturing, installation, and after-sales services for logistic systems and material handling equipment. The company offers a complete line of high-performance robotic solutions for palletizing, truck loading and unloading, case packing, and other applications. The company primarily offers these solutions through its subsidiary, Wynright Corporation. Wynright also provides cutting-edge advances in robot technology to provide substantial benefits in higher rate handling applications.
KION GROUP AG is engaged in the provision of industrial trucks, warehouse technology, related services, and supply chain solutions. It offers forklifts, electric drive systems, warehouse equipment, towing vehicles, conveyors, automated trucks and autonomous trucks, storage and retrieval systems, warehouse technology solutions, and automation supply chain solutions. The company sells its products under STILL, Dematic, Fenwick, OM Voltas, Baoli, and Linde brands. Dematic, a brand of KION GROUP AG, is engaged in the designing, building, and implementation of automated system solutions at warehouses, distribution centers, and production facilities. Automated Guided Vehicle (AGV) systems offered under the Dematic brand are fully autonomous robots that move and transport items in production, warehouse, and distribution centers without manual intervention or permanent conveying systems.
Kuka AG is engaged in the provision of intelligent automation solutions. Its Robotics segment offers industrial robots (ranging from small models and heavy-duty robots) to the automotive industry. The company provides a complete range of robotic systems, from individual components and fully automated systems to software. The company’s offerings include robots with payload capacities ranging from 2 Kg to 1300 Kg, robot controllers, robot kinematic systems, and application software for robots.
Warehouse Robotics Market With COVID-19 Impact Analysis by Type (AMR, AGV, Articulated, Cylindrical and SCARA) Function (Pick & Place, Palletizing & Depalletizing, Transportation, Packaging), Payload, Industry, and Region - Global Forecast to 2026
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