The expanding number of stock-keeping units in the sector, as well as the continual development of new goods on a regular basis, are expected to support the expansion of the worldwide warehouse robots market. Furthermore, the convenience of personalization and the growing number of end-user options made possible by e-commerce platforms have resulted in a rise in inventory. The growing size of the warehouse aids in dealing with the large quantities and increasing number of stock holding units, which is predicted to increase the growth of the global warehouse robotics market. Several regions have already made or are in the way of implementing new official laws to safeguard the worker protection beside the industrial robots. As per the several authorities, NIOSH is the only official agency in the US which is implementing the guidance for the safe connections betwixt the human beings and the robot. The authors put up four human safeguard rules with the robots which comprises of workplace safety, quality in maintenance, interface with the human labors and the operations which further hampers the growth of the global warehouse robotics market.
According to Coherent Market Insights, the Global Warehouse Robotics Market was valued at US$ 9.88 Bn in 2021 and is forecast to reach a value of US$ 35.8 Bn by 2030 at a CAGR of 15.5% between 2022 and 2030.
Major Players in the Warehouse Robotics Industry:
1. Locus Robotics
Locus Robotics is a warehouse robotics company that manufactures autonomous mobile robots to support e-commerce. It was founded in 2014 and headquartered in Wilmington, Massachusetts. In Jan. 26, 2023 Berkshire Grey, Inc. , a leader in AI-enabled robotic solutions that automate supply chain processes, and Locus Robotics, announced their formal partnership with the unveiling of their combined solution that integrates the Berkshire Grey Robotic Shuttle Put Wall (BG RSPWi) with Locus Origin and Locus Vector bots. This innovative integrated solution deploys end-to-end robotic automation solutions for retail and eCommerce customers looking to maximize their supply chain productivity and throughput while addressing growing labor shortages.
2. Honeywell International Inc.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. The company was founded in 1885 and is headquartered in Charlotte, North Carolina.
3. Fanuc Corporation
Fanuc Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines. It also provides FANUC intelligent edge link and drive systems, an open platform for the manufacturing industry. The company was incorporated in 1950 and is headquartered in Yamanashi, Japan.
4. TGW Logistics Group GMBH
The TGW Logistics Group is a system provider of highly automated, flexible solutions supporting distribution for leading retailers. Founded in 1969, headquartered in Austria.
5. Swisslog Holding AG (KUKA AG)
Provider of data-driven and robotic automation solutions for health systems, warehouses, and distribution centers. The company provides logistics automation solutions for the storage, movement, and processing of materials and medications along with pharmacy, nursing and material handling automation, process improvement, and document and cash management automation solutions. The company was founded in 1900, headquartered in Switzerland.
6. Singapore Technologies Engineering Ltd (Aethon Incorporation)
Singapore Technologies Engineering Ltd, an investment holding company, operates as a technology and engineering company in Asia, Europe, the Middle East, and the United States. The company was found in 1967 and is headquartered in Singapore. Singapore Technologies Engineering Ltd is a subsidiary of Temasek Holdings (Private) Limited.
7. Yaskawa Electric Corporation (Yaskawa Motoman)
YASKAWA Electric Corporation engages in motion control, robotics, system engineering, and other businesses worldwide. YASKAWA Electric Corporation was founded in 1915 and is headquartered in Kitakyushu, Japan.
8. InVia Robotics Inc.
InVia Robotics provides next-generation robotics warehouse automation solutions for e-commerce distribution centers and supply chains. Founded in 2015, headquartered in California. In June 1, 2022 inVia Robotics has been awarded this year's Best Practices Technology Innovation Leadership Award in the North American goods-to-person robotics market by Frost & Sullivan, a leading third-party research and consulting firm.
9. Fetch Robotics Inc.
Fetch Robotics provides a cloud-driven Autonomous Mobile Robot (AMR) solution for warehousing intralogistics environments. Fetch Robotics is a venture-backed Silicon Valley startup founded in 2014.
10. Syrius Robotics
It is a Leading AMR (Autonomous Mobile Robot) Company. Founded in 2018, headquartered in China.
11. Grey Orange Pte Ltd
GreyOrange is a global company that modernises order fulfilment through artificial intelligence-driven software and mobile robots built together so they cooperate in deciding on and executing warehouse activities that maximise payoffs and minimise tradeoffs to create the highest yield. GreyOrange has core operations in the United States, Singapore, Germany, Japan, and India. In Nov. 8, 2022 Pivotree Inc., a leading provider of frictionless commerce solutions, and GreyOrange Inc., announced a new partnership to offer comprehensive fulfillment capabilities within warehouses and distribution centers. This joint offering from Pivotree and GreyOrange will deliver a competitive edge for customers increasing visibility, accuracy, and cost efficiency. Headquartered in Georgia, founded in 2011.
*Definition- Warehouse robotics refers to the employment of automated robots with specialised software that assists them in delivering items, performing various duties, and optimising or automating warehouse procedures.
