Call 888-776-0942 from 8 a.m. to 10 p.m. Eastern Time

London, December 13, 2021/PRNewswire/ - According to data from Brandessence Market Research, the warehouse robot market will reach US$4.518.4 billion in 2020. The warehouse robot market analysis is expected to achieve strong growth, with a compound annual growth rate of 13.2%, and a valuation of US$10.912 billion by the end of 2027. In the first half of 2020, the covid-19 pandemic disrupted the global supply chain. This creates production delays, major uncertainties, and other problems for manufacturers. In the second half of 2020, global manufacturers such as FANUC Corporation, ABB, Toshiba Corporation, and Yaskawa Electric Corporation have automated their manufacturing facilities, indicating that some manufacturers are increasingly inclined to adapt to the next-generation trend of supply chain logistics.

The warehouse robot market is experiencing interesting developments globally. According to the Supply Chain Think Tank Logistics Management Group, spending on robotics has increased significantly among large budget companies. In 2020, 9% of companies have deployed robotics in warehouse management, while 19% of companies are studying the adoption of robotics. Despite these encouraging numbers, the usage rate of robots has dropped from 17% in 2019 to 9% in 2020. And robotics in the production cycle. On the other hand, survey respondents indicated that packaging (increased by 2%), transportation (increased by 18%) and truck unloading (increased by 4%) are the main business applications of robotics. 

Request a sample of this report: @ https://brandessenceresearch.com/requestSample/PostId/1764

Warehouse Robot Market: Competitive Analysis

The key warehouse robot market opportunities are concentrated in the areas of picking tasks, full stacks, and hardware-independent systems. In addition, the increasing need for safety and the ability to work with humans in unpredictable environments are still key drivers of growth. Notable developments in the market include ABB's acquisition of ASTI. With the purchase commitment worth 190 million US dollars, with the strong demand for industrial robot development, the desire of larger players to gain market share will increase. Similarly, Dexterity launched a hardware-independent storage robot system series in 2020. It has acquired customers such as Kawasaki Heavy Industries and promised to simplify automation deployment through end-to-end operational solutions.

Warehouse Robotics Market: Main Trends 

According to data from the United Nations Conference on Trade and Development, the share of online sales in total retail sales has increased from 16% in 2019 to 19% in 2020. This growth is even more pronounced in countries with the highest penetration rates of global connectivity, such as South Korea. According to reports, the total online share in 2020 is 25.9%, higher than the 20.8% in 2019. In addition, the total valuation of e-commerce rose to US$26.7 trillion in 2019, an increase of 4% over 2018. According to Shamika Sirimanne, head of technology and logistics at UNCTAD, “These statistics show the increasing importance of online activities”. The growing demand for e-commerce has led to an increase in the demand for transportation management, logistics and operation control related to transportation cycle management. Respondents in the first survey indicated that there is a growing demand for automation when dealing with challenges such as dock-to-stock cycle time and on-time delivery. Therefore, the growth of e-commerce is still the main trend driving the growth of automation and subsequent investment in warehouse robotics.

The covid-19 pandemic not only led to a reduction in global spending, but also took a cautious approach to the future. This has led to an increase in the demand for proven and cost-effective solutions in the warehouse robot market. Donald Derewecki, a senior consultant at St.Onge, a supply chain solutions company, said, “Industry will spend according to their budgets and operating needs. The positive factor here is the declining operating costs, which shows that small and medium-sized companies have promising growth prospects.” A positive factor is that the industry’s management continues to obtain more information about robotics and realizes that as e-commerce takes over the global supply chain, the pressure to accelerate turnover will only intensify. 

Global warehousing robot market segmentation:

Request the methodology of this report: https://brandessenceresearch.com/requestMethodology/PostId/1764

News: Dexterity launches new warehouse robot

July 24, 2020; Dexterity launched a "full-stack, hardware-independent" robotic system for warehouses. The startup said its robots allow customers to automate repetitive picking tasks and can handle complex operations in unpredictable environments. It also added that robots use artificial intelligence, advanced control theory, computer vision and touch to quickly adapt, making them safe to work with humans. Initial customers include Kawasaki Heavy Industries, a global food manufacturer and distributor, and a global package delivery provider. Dexterity simplifies automated deployment by managing the entire process for customers from end-to-end system design and engineering to deployment with operational assurance. Unlike existing robot suppliers, Dexterity robots are adaptable, mobile and collaborative.

Warehouse Robot Market: Key Warehouse Robot Statistics

In 2020, the number of robot installations will increase to 383,545 units, a slight increase of 0.5%. 2020 is the third consecutive year that robotics has achieved success, with significant growth in both 2018 and 2017. As mentioned earlier, 2019 is still a difficult year for the terminal industry, with the number of robot installations declining. In 2019, key terminal industries such as consumer electronics and automobiles are also facing trade barriers, and there are still differences between the United States and China. However, in 2020, improved relationships and other factors have increased the demand for robot installations in electronic products by 29%, while the automotive industry has increased by 21%. In addition to these two key industries, the number of robot installations in the metal and machinery industries increased by 11%, plastics and chemicals increased by 5%, and the demand for food and beverages increased by 3%.

In 2020, the total number of global robot installations will reach 3,014,879. As the demand for technological advancement (ie automation) continues to increase, robotics has experienced a journey of hopeful growth. From 2015 to 2020, the number of global robot installations will grow at a compound annual growth rate of 9%. Between 2005 and 2008, the annual number of robots installed reached 115,000 units, but this dropped to 60,000 units during the global financial crisis. In 2010, the market experienced another gratifying growth, with 120,000 units installed. The successful journey of robot installation continued until 2015, with the total installation volume doubling to 254,000 units and only 300,000 units in 2016. The market reached a mark in 2018, and the total installed volume exceeded 400,000 units for the first time in 2018.

Among the regions, the Asia-Pacific region is still the largest area of ​​robot installation growth. In 2020, the total number of installations in the region was 266,452, an increase of 7%. This region continues to dominate the total global installations, with an installation share of more than 50%. The European warehouse robot market has witnessed the significant impact of the covid-19 pandemic, with a decline of 8% in 2020, the same trend as in 2019. Although the overall growth is weak, the demand in major countries such as Germany is stable, contrary to the dominant trend. On the other hand, demand in key countries such as Italy and France has fallen sharply, with a drop of 23% and 20% respectively in 2020. The North American robotics market has also declined due to the epidemic. However, the decline in the United States in 2020 is still limited to 8%. On the other hand, Canada and Mexico saw even greater declines.

Get the complete research report: https://brandessenceresearch.com/warehouse-automation/warehouse-robotics-market 

Warehouse automation trend report:

i-Factor: Real-time market intelligence platform

I-Factor is our seal to ensure that our customers are always ahead of the competition. The knowledge platform provides real-time updates on key economic indicators, competitive landscape, changing needs, trends, customized regional insights, etc. The platform visualizes key data points to help make agile, trustworthy and comprehensive decisions. Sign up for a free trial here @ https://brandessenceresearch.com/i-factor/login/userRegister

Brandessence Market Research and Consulting Pte Ltd.

Brandessence Market Research publishes market research reports and business insights produced by highly qualified and experienced industry analysts. Our research reports can be used in a wide range of vertical industries, including aviation, food and beverage, healthcare, information and communication technology, construction, chemical industry, etc. The brand essence market research report is most suitable for senior executives, business development managers, marketing managers, consultants, CEOs, chief information officers, chief operating officers and directors, governments, institutions, organizations and PhDs. students. We have a delivery center in Pune, India, and our sales office is in London.

Blog: Profiles of top companies in the smart home automation market

Mr. Vishal Sawant Email: [Email Protection] Email: [Email Protection] Corporate Sales: +44-2038074155 Asia Office: +917447409162

SOURCE Brandessence Market Research and Consulting Pte Ltd

More news releases on similar topics

Cision Distribution 888-776-0942 8 a.m. to 9 p.m. Eastern Time