Research Nester has released its report titled “Global Warehouse Robotics Market: Global Demand Analysis & Opportunity Outlook 2020-2027” that delivers detailed overview of the global warehouse robotics market in terms of market segmentation by product type, function, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global warehouse robotics market comprises of three segments which are segmented by product type, function and by end user. The market is anticipated to grow at a robust CAGR over the forecast period (2020-2027).
The growth of the market is driven by various factors such as innovation and advancement in technologies, reduction in operational costs, improvements in productivity efficiency and increased number of businesses shifting towards E-commerce. With businesses focusing on improving productivity and profitability to stay ahead in the competition, robots are considered to be a worthy investment in order to stay profitable and competitive. There is a rise in the number of startups established across the globe who are increasingly focusing on innovations. The number of businesses entering E-commerce space are getting higher, as the entry requirements are cheaper which has encouraged the establishment of more startups across the globe.
The global warehouse robotics market is segmented into five major regions comprising of North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The market in North America is estimated to hold the highest market share, owing to the adoption of robotics in warehouses comparatively earlier than other regions for effectively managing their warehouse operations. Additionally, the rapid growth of E-commerce industry is estimated to drive the growth of the market in the region over the forecast period.
However, global warehouse robotics market suffers from some limitations, owing to factors such as high costs of these robots which require heavy capital investment and the return on investment becoming unpredictable and subject to various external factors. Moreover, there is a lack of awareness about robots and threat to job losses for human-beings, if businesses implement automation technologies in warehouses. All of these factors are anticipated to operate as key restraints to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the warehouse robotics market which includes company profiling of Amazon, Inc. (NASDAQ: AMZN), Rethink Robotics GmbH, GreyOrange, SSI Schafer, IAM Robotics, Bleum, Inc., ABB Limited (SWX: ABBN), Fanuc Corp (TYO: 6954), KUKA AG (ETR: KU2) and Fetch Robotics, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global warehouse robotics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.