The North America warehouse robotics market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the robotic systems are in high demand as a way to cut down on operating time and costs while also improving warehouse capacity.
Warehouse robotics refers to the use of robotics in warehouses to execute tasks including packing, pick-place, packaging, and palletizing, transporting. Warehouse and robotics technology convergence has enhanced warehouse storage capacity and process performance while maintaining automation and accuracy. Warehouse robots are widely considered as the most successful approaches for reducing pressures associated with labor costs and accessibility, as well as improving operational competencies.
The robots lift big items and effectively perform activities such as placing, picking, packaging, transportation, and palletizing in the facility. A Warehouse Management System (WMS) is used by a variety of businesses as it can handle a variety of tasks, including managing inventory, labor management, and ERP connection. Mobile robots are an important part of the worldwide warehousing business since they are used to move small payloads about the facility, particularly in the retail and consumer electronics industries, and they offer greater flexibility than most standard automation systems.
The report on the North America warehouse robotics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Warehouse Robotics Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Sortation Systems, Industrial Robots, Conveyors, Automated Storage and Retrieval System, Palletizers, and Mobile Robots), Functions (Packaging, Storage, Trans-Shipments, plastic bottles, and Others), and End-users (Automotive, Food and Beverage, Electrical and Electronics, Retail, e-Commerce, and Others) |
Geography |
Canada and United States |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Fetch Robotics Inc.; Locus Robotics; InVia Robotics Inc.; Kiva Systems (Amazon Robotics LLC); Omron Adept Technologies; and Honeywell International Inc. |
Based on types, the North America warehouse robotics market is divided into sortation systems, industrial robots, conveyors, automated storage and retrieval system, palletizers, and mobile robots. The automated storage and retrieval system segment is expected to hold a key share of the market during the forecast period due to automatic storage and retrieval systems (AS/RS) are being adopted by many food supply companies.
According to Dematic, a US-based provider of integrated automated technology, services, and software, more than 45 percent of its food supply consumers are upgrading old buildings with AS/RS.
On the basis of functions, the market is segmented into packaging, storage, trans-shipments, plastic bottles, and others. The trans-shipments segment is expected to constitute a key share of the market in the coming years owing to the shipment of items or containers to an interim destination and subsequently to some other location is known as transshipment or trans-shipment. Trans-shipment can be used to change modes of transportation throughout a journey, which is known as transloading. Robots are helping vastly during trans-shipment of the goods.
In terms of end-users, the North America warehouse robotics market is segregated into automotive, food and beverage, electrical and electronics, retail, e-commerce, and others. The e-commerce segment is expected to represent a key share of the market during the forecast period due to cross-border payments that are more convenient transactions on e-commerce platforms have also increased as a result of techniques such as UniPay and PayPal.
Customers have lessened their reliance on brick-and-mortar shops for purchasing due to the reliability and convenience of cross-border payments and the growth of e-commerce. As a result, the internet retail business is growing, and corporations are investing extensively to upgrade technology. Warehouses and delivery stations are critical elements in the e-commerce market, with logistics playing a large role in online shopping.
On the basis of geography, the market is classified as Canada and United States. United States is anticipated to dominate the market at an impressive CAGR during the forecast period. The growth of the country’s market can be attributed to the developments in technology that have enabled robots faster and shorter, reduced costs, and a labor shortage in some regions, the rising usage of robots in distribution and warehouse centers in the United States is primarily due to growth in e-commerce.
In addition, huge corporations with a large number of distribution and warehouse centers are employing acquisition tactics to cut labor costs and boost profits. The key driving reason for robot installations in the United States is the tendency to automating production in both local and worldwide markets.
Amazon has over 200,000 mobile robots working inside its warehouse network in the United States, with hundreds and thousands of human workers, until 2020. This robotic army has aided the corporation in delivering on its pace with the kept promises of fast deliveries to Amazon Prime members.
Key players competing in the North America warehouse robotics market include Fetch Robotics Inc.; Locus Robotics; InVia Robotics Inc.; Kiva Systems (Amazon Robotics LLC); Omron Adept Technologies; and Honeywell International Inc. Some of these players are adopting several market strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.
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