PUNE, India, February 22, 2017 /PRNewswire/ --
According to the new market research report "Warehouse Robotics Market by Type (Mobile, Articulated, Cylindrical, SCARA, Parallel, Cartesian), Software, Function (Pick & Place, Palletizing & Depalletizing, Transportation, Packaging), Payload Capacity, Industry, and Region - Global Forecast to 2022", published by MarketsandMarkets. The warehouse robotics market is expected to be valued at USD 4.44 Billion by 2022, growing at a CAGR of 11.8% between 2017 and 2022.
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Browse 65 market data Tables and 71 Figures spread through 169 Pages and in-depth TOC on "Warehouse Robotics Market"
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The factors that are driving the growth of this market include the growing e-commerce industry, need for efficient and reliable warehouse operations, active funding from venture capitalists, rising labor cost, and increasing adoption of warehouse robotics by small- and medium-sized enterprises (SMEs).
"Mobile robots to hold the largest market size in the warehouse robotics market between 2017 and 2022"
Mobile robots are expected to lead the overall warehouse robotics market between 2017 and 2022. The fast moving nature of items and same day or next day delivery schedules has made e-commerce companies to implement mobile robots in their warehouses. Mobile robots have the capability of moving products around the warehouse faster than human workers and retrieving them without an error. This factor makes mobile robots a preferred choice for the e-commerce companies.
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"The warehouse robotics market for the food and beverages industry to grow at a high rate between 2017 and 2022"
The warehouse robotics market for the food and beverages industry is expected to grow at a significant rate between 2017 and 2022. The growing trend of processed food and packaged eatables, requirement of clean room storage, and need for automated and hygienic handling of food items are expected to drive the growth of the warehouse robotics in the food and beverages industry.
"North America expected to lead the warehouse robotics market between 2017 and 2022"
North America is one of the key growth regions for the Warehouse Robotics Market. The favorable economic conditions in the U.S., highly developed warehousing infrastructure, and a growing e-commerce industry are the key factors for the growth of the warehouse robotics market in North America. The growth of the market can also be attributed to the presence of established and startup robotic companies in the region such as Amazon Robotics, a subsidiary of Amazon.com, Inc. (U.S.), ATS Automation Tooling System, Inc., (Canada), Fetch Robotics, Inc. (U.S.), Honeywell International, Inc. (U.S.), IAM Robotics (U.S.), InVia Robotics (U.S.), and Wynright Corp. (U.S.).
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The major players operating in the warehouse robotics market include ABB Ltd. (Switzerland), Fanuc Corp. (Japan), Kuka AG (Germany), Yaskawa Electric Corp. (Japan), Amazon.com, Inc. (U.S.), ATS Automation Tooling Systems Inc. (Canada), Honeywell International Inc. (U.S.), Omron Corp. (Japan), Fetch Robotics, Inc. (U.S.), IAM Robotics (U.S.), Magazino GmbH (Germany), SSI Schaefer AG (Germany), and Wynright Corp. (U.S.).
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