Industry and News Warehouse Robotics Market | Page 2

Most systems exist in order to reduce labor costs and enhance the accuracy in order picking
operations. Moreover, these systems also resolve the inbound problem, focusing on accurate put
away and replenishment. Hence speed, accuracy and reduced labor costs are primary goals for
those planning on an automated warehouse. The pressure lies in completing an order within the
specified time. For instance, if the pressure is to speed up customer orders, the necessary action
needed is to reduce order cycle time.
Another instance is when the pressure is about increased volume of unmet orders; the necessary
action is to redesign a material handling system with greater capacity. Again, if the pressure is,
costly or scarce labor, the necessary action is to automate in practical possibilities; thus capability
involves faster pick rates and a system that enables employment of less skilled people.
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Commercially, companies are investing huge in R&D activities in the warehouse robotics market
specifically in the developed countries to generate innovative products and also automate in a more
progressive way. Therefore, with constant development in technology and growth in demand of
warehouse robotics the global market is anticipated to grow at a higher CAGR in the forecast period
owing to enhanced product quality, production and space utilization.
The key driving factors responsible for the growth of Warehouse Robotics Market include rising
demand of automation, time and cost-efficient, increasing SKU, rising demand & awareness towards
quality production & safety, technological development, growing use in various applications and
industries such as food & beverage and electronics are some of the important drivers of the market.
However, higher costs pertaining to deployment and labor training plus low awareness while
interacting with robots for some end users are some of the market constraints resulting in
hampering of growth.
On the basis of software, the global warehouse robotics market is segmented into warehouse
management system, warehouse control system and warehouse execution system. On the basis of