27 February 2019
The global warehouse robotics market is expected to reach USD 6.00 billion by 2025. The increasing importance of automation in the manufacturing sector is driving the market for robotics across the globe. The products find utility as material handling equipment in various industries including automotive, food & beverage, pharmaceuticals, electronics, oil & gas, construction, and e-commerce.
Robots fit in well as companies look for ways to bring in operational efficiency by improving inventory control and increasing labor efficiency to reduce lag time in order processing. The focus on optimizing warehouse operations has gained more importance with an ever-growing e-commerce industry, where effective backend operations play a critical role.
The automation in the manufacturing sector with the help of warehouse robotics systems has made picking, moving, labeling, and packaging processes easier and efficient. These systems also enable firms to achieve the global quality standard at a fast pace through the process quality monitoring robots.
The rapid growth of the electronics industry in emerging economies including, China, India, and Taiwan is fueling the market for warehouse robotics. For instance, the new product launches by the leading electronic companies including, LG and Samsung on white goods including, smart LED TVs is expected to have a positive impact on the market.
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The automation of production processes through the inclusion of warehouse robotic systems has resulted in improved efficiency, consistent quality, minimal maintenance costs, and safe operation. Sometimes the sorting and assembling of the miniaturized electronics are not feasible for the human. The mobile robots are proved to be highly important and useful for performing such a delicate task and it gives a better quality of the product.
Over the past few years, the automotive manufacturing firms have been increasing spending towards the utilization of warehouse robotics systems for the movement of finished four vehicle products. As of 2017, the U.S. and China were the major manufacturers of automotive across the world. The number of robots installed in these two countries has increased considerably over the years. The major part of the U.S. and China's robot order goes to the automotive industry.
In the automotive sector, robots are mainly used in for laser cutting, palletizing, CNC machines, welding, plasma cutting, press machines, and BIW welding lines. Robots are also gaining popularity in the painting operation. There are few automotive companies are aiming for complete automation of the manufacturing process with the help of the warehouse robots in their production plant. Thus, the automotive industry is expected to remain a lucrative application segment for warehouse robotics market.
Some of the key manufacturers in the robotics market include ABB, KUKA AG, FANUC Corporation, Yamaha Motor Co., Ltd, Amazon Robotics, YASKAWA Electric Corporation, Locus Robotics, OMRON Corporation, Fetch Robotics, Inc., IAM Robotics, Honeywell International Inc., and IBM.
Over the past few years, these key players have opted for M&A activities in order to expand their business. The small players of this market are also expanding the business by entering into the new region. For instance, GreyOrange, an Indian startup company, has expanded its business to the U.S., Japan, Singapore, and Germany.
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