The rising demand within the logistics automation market as well as the warehouse robotics industry can be attributed to the rising demand from a diverse set of end users as well as the emergence and rapid acceptance of latest industrial logistics automation technologies and solutions. Furthermore, the increasing demand for various warehouse applications, including storing, palletizing, transporting, picking, packing, and transferring, is also fuelling the demand within the warehouse automation market.
The industrial robots market size is anticipated to expand in the coming years, owing to the increasing demand from both large sized as well as small and medium sized enterprises. This trend is further bolstered by the rising requirement of ensuring timely as well as smooth operations in an industrial warehouse facility. Furthermore, the rising industrialization as well as the rising instances and demand for effective automation in industrial settings is also anticipated to fuel the demand within the warehouse automation market in coming years.
The emergence and rapid adoption of the next gen warehouse automation technologies is positively influencing the landscape of the industry. On the other hand, the dearth of awareness pertaining to the availability of these novel and high tech warehouse automation systems as well as the high cost of deployment and the training of warehouse robotic solutions may hamper the growth within the warehouse robotics market in coming years.
Players in Warehouse Robotics Market Focused on M & A and Strategic Partnerships
The key strategies employed by the major and incumbent manufacturers and players working in the warehouse robotics market include mergers and acquisitions, research and development, and strategic partnerships, among others. The manufacturers and players are also integrating next gen warehouse automation technologies in a bid to offer their consumers with technologically advanced and innovative new solutions. For example, new products, robot R-2000Id/210FH was developed and launched by the Fanuc Corporation in November of 2020. This product is one of the latest models of their pre-existing R-2000i robot series.
The manufacturers and players functional within the industry are engaged in utilization and integration of latest warehouse robotics technology in order to innovate their product offerings and diversify their product portfolio. Some of the major public warehouse robotics companies are also focused on mergers and acquisitions, most prominently by the large scale companies.
Some of the leading warehouse robotics companies operating within the global industry landscape include Amazon Robotics LLC, Honeywell International Inc., FANUC America Corporation, KUKA AG, Locus Robotics, SSI SCHAEFER, YASKAWA, ABB, Siemens AG, ATS Automation Tooling Systems, Inc., Fetch Robotics, Inc., Omron Corporation,Wynright Corporation, and Yamaha Robotics, among others.
E-Commerce End Use Industry Triggers High Demand in Warehouse Robotics Market
These products and solutions offered by the manufacturers and players in the warehouse robotics market are used in various end use industries, including pharmaceutical, automotive, rubber and plastic, food and beverages, e-commerce, and chemical. The increasing traction and higher adoption faced by the e-commerce companies is driving the demand for effective warehouse automation solutions in the warehouse robotics market. The rising customer preference for shopping through e-commerce platforms has driven the need for massive sized warehouse spaces to store huge amounts of inventories.
This leads to higher need for rapid and error-less logistics operations through utilization of a combined human and robotics systems. The rising usage of the warehouse robotics solutions in such large scaled warehouse settings can aid in enhancing the productivity of the existing human labour force. This trend is also motivating the growth of the warehouse robotics market.
The increasing start-up culture in regions such as North America and Europe is also fuelling the growth of the warehouse robotics market. Regionally, the Asia Pacific warehouse robotics market is most likely to experience significant growth in the coming years owing to the rising demand from regional e-commerce as well as food and beverages industries.