DUBLIN--(BUSINESS WIRE)--The "Warehouse Automation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Warehouse Automation Market is expected to register a CAGR of approximately 12.5% during the forecast period of 2021-2026.
Companies Mentioned
- Dematic Group (Kion Group AG)
- Daifuku Co. Limited
- Swisslog Holding AG (KUKA AG)
- Honeywell Intelligrated (Honeywell International Inc.)
- Jungheinrich AG
- Murata Machinery Ltd
- Knapp AG
- TGW Logistics Group GmbH
- Kardex Group
- Mecalux SA
- BEUMER Group GmbH & Co. KG
- SSI Schaefer AG
- Vanderlande Industries BV
- WITRON Logistik + Informatik GmbH
- Oracle Corporation
- One Network Enterprises Inc.
- SAP SE
Key Market Trends
Autonomous Mobile Robots Have Significant Growth
- Autonomous mobile robots (AMRs) differ from AGVs by their degree of autonomy. Robotics for distribution centers (DCs), such as autonomous mobile robots (AMRs) and collaborative picking arms, are overgrowing, with well over a dozen robotics vendors aiming at the needs of DC operators.
- AMRs are replacing AGVs in logistical applications. Unlike AGVs, AMRs incorporate more sophisticated onboard computers coupled to inertial measurement units (IMU), laser scanning range finders, 2D and 3D color cameras, and motor controllers. Such AMRs do not require tracking strips to be placed in a factory or warehouse.
- Further, it is expected that AMRs would gradually replace forklifts in particular too. Mobile Industrial Robots, Inc. has taken the first initiative (MiR), which has designed The MiR1000 AMR. It can tolerate a payload of 1000kg. It is equipped with six laser scanners, 3D cameras, and an artificially intelligent camera.
- AMR also offers new opportunities for inventory monitoring. When combined with RFID-tagged products and equipment, these machines can now conduct their inventory sweeps autonomously at schedules determined by the warehouse.
North America is Expected to Hold Significant Share
- The growth in eCommerce is the primary reason for increasing robots in warehouses and distribution centers in the United States. In addition to advancements in technology that have made robots better and smaller, lower costs, and a shortage of labor in some places further helping the market to grow.
- Also, the major companies with many warehouses and distribution units are utilizing acquisition strategies to reduce the labor cost and increase their profitability. For instance, until 2020, Amazon has installed more than 200,000 mobile robots that work inside its warehouse network, alongside hundreds of thousands of human workers in the United States. This robot army has helped the company fulfill its ever-increasing promises of speedy deliveries to Amazon Prime customers.
- Further, universities in the region have been a great contributor to the country's dominance in the R&D aspect of warehouse robots. In 2020, UCLA engineers recently developed minuscule warehouse logistics robots that could help expedite and automate medical diagnostic technologies and other applications that move and manipulate tiny drops of fluid. The robots are disc-shaped magnets about 2 millimeters in diameter, designed to work together to progress and use droplets of blood or other liquids with precision. For example, the robots can cleave one large droplet of fluid into smaller drops that are equal in volume for consistent testing. Hence such innovation is expected to drive the market's growth over the forecast period.
- The outspread of coronavirus has across the world has beneficiated the studied market as large and small companies are expanding the use of robots to maintain social distancing and reduce the number of staff that has to come to work physically. For instance, the warehouse of Amazon and Walmart has increased the use of robots for sorting, shipping, and packing, which is expected to reduce the number of complaints by warehouse workers as they cannot social-distance from their colleagues under the current conditions. It is creating more opportunities for logistic automation to grow in the region.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Industry Value Chain Analysis
4.4 Warehouse Investment Scenario
4.5 Impact of Macro-economic Factors on the Warehouse Automation Market
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Exponential Growth of the E-commerce Industry and Customer Expectation
5.1.2 Increasing Manufacturing Complexity and Technology Availability
5.2 Market Challenges
5.2.1 High Capital Investment
5.3 Impact of Covid-19
6 MARKET SEGMENTATION
6.1 By Component
6.2 By End-User
6.3 By Geography
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
8 VENDOR RANKING ANALYSIS
9 INVESTMENT ANALYSIS
10 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/lab9uw
