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Warehouse Robotics Market to witnessing Phonemical Growth by 2025

Author : Ronak Bora | Published Date : 2019-06-10 

Warehouse Robotics Market is anticipated to witness a strong growth during the forecast timeframe. The replacement of traditional physical labor and machines by automated systems for performing warehousing operations such as receiving, packaging, and storing saves time, labor resources, and provides an increased performance. The rising adoption of these technologies by SMEs is a major driving factor for the market growth. These companies are investing higher financial resources in automated machines owing to the advantages such as reduced labor cost, no need for skilled laborers, and enhanced work safety.

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The U.S. held the highest revenues and growth shares in the recent years and is expected to dominate the warehouse robotics market over the forecast years. The major demand for these systems is increasing owing to labor shortages and high labor costs in this country. Countries including China and Japan in the Asia Pacific region are witnessing high growth opportunities in the global market. The Chinese government has funded an initiative called Made in China 2025, accelerating the automation of major industries such as retail, e-commerce, and manufacturing sectors and ensuring an increased implementation of automated systems.

The automotive segment of the warehouse robotics market is anticipated to hold large market shares over the forecast time. The growth is due to the implementation of automated guided moving systems that aid in the shifting of inventory and finished goods to different places in warehouses for the management of varied products available at these places.

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High initial cost hinders the demand and growth of warehouse robotics market as the total cost of initially implementing these systems is higher over the efficiency and productivity obtained from the operations. The rapid advancement in the automation technology introduces new variations in these products causing existing technologies to become outdated at a very rapid rate and the need to be changed or upgraded regularly accounting for high costs.

Players operating in the warehouse robotics market include IAM Robotics, Balyo, ABB Ltd., Fanuk Corporation, Kuka AG, CANVAS Technology, BlueBotics, and Intelligent Flying Machines. Market players are adopting new product developments and innovations, mergers and acquisitions, collaborations, and partnerships to sustain the high industry competition and provide advanced technologies to consumers. For instance, in April 2018, IAM Robotics launched the Swift Picking Module, which is a flexible AS/RS set-up.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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