Some of the main factors that are expected to drive the global warehousing robot market include the increase in automation, the development of the e-commerce industry, and the increasing demand for efficient warehousing and inventory management.

New Jersey, December 15, 2021/PRNewswire/ - Verified Market Research recently released a report, "Warehouse Robot Market" by product (mobile robots, joint robots), by payload capacity (under 10 kg, 11 kg to 80 kg), by software (warehouse management system, warehouse control system), by application (e-commerce, automobile), by function (transportation, packaging) and by geography. According to the data of Verified Market Research, the global warehousing robot market will be worth 3.97 billion U.S. dollars in 2020 and is expected to reach 9.1 billion U.S. dollars by 2028, with a compound annual growth rate of 14.0% from 2021 to 2028.

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Overview of the global warehouse robot market

Warehouse robots are no longer a necessary accessory for efficient warehouse operations because they can increase productivity, accuracy, and operational efficiency. All warehouse automation increases the value of warehouse operations by automating trivial and repetitive tasks, allowing employees to focus on more complex tasks. Robots are increasingly becoming a fundamental aspect of warehouses. Some types of robots used in warehouses include autonomous mobile robots (AMR), aerial drones, automated guided vehicles, and automatic storage and retrieval systems (AS and RS). As the number of deliveries has grown exponentially, the retail industry has expanded from physical stores to online service providers, which makes warehouse management more challenging.

At present, the logistics industry is affected by the e-commerce revolution and is facing a labor shortage problem, and the demand for faster package transportation with a wide variety of packages and diversified packages is on the rise. The use of robots in logistics is still in its infancy and has not yet had any major impact, but it is a real choice to deal with the challenges of labor availability in the industry. According to the "World Robotics 2018 Service Robots" report of the International Federation of Robotics, logistics robots grew strongly in 2017, with installations reaching 69,000 units, an increase of 162% over 2016. Logistics department. It is expected to reach 7.5 billion US dollars by 2023.

Amazon and several other retailers are operating robots behind the scenes to help with inventory management. In 2012, Amazon started using robotics and acquired a robotics company called Kiva Systems, which has since been renamed Amazon Robotics. As of now, Amazon has more than 200,000 mobile robots working in its warehouse network. This army of robots helps the company provide fast delivery services for Amazon Prime customers. Amazon also admitted that after starting to use robots in warehouses, its operating costs have been reduced by 20%.

In February 2020, ABB Co., Ltd. and Covariant announced a partnership to bring artificial intelligence robotic solutions to the market, starting with a fully autonomous warehouse order fulfillment solution. This cooperation gives the two companies a common vision for robots that support artificial intelligence, that is, intelligent robots work with humans in a dynamic environment, and learn and improve together after completing each task.

The main players in the market are ABB, Honeywell, KUKA AG, OMRON Corporation, YASKAWA ELECTRIC CORPORATIONS, Fetch Robotics, Inc., Bastian Solutions, Inc., Daifuku Co., Ltd., Dematic, KNAPP AG.

Verified Market Research has segmented the global warehouse robot market based on products, payload capacity, software, applications, functions, and geographic locations.

Warehouse robot market, classified by product

Warehouse robot market, by payload capacity

Warehouse robot market, through software

Warehouse robot market, by application

Warehouse robot market, by function

Warehouse Robot Market by Geographical Location

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Top 10 industrial robot companies pushing the limits of international mass production

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