The Global Warehouse Robotics market is valued at USD XX. XX billion in 2016 and is expected to reach a value of USD XX. XX billion by the end of 2022, growing at a projected CAGR of 11.5 % during the forecast period of 2017 – 2022. The global warehouse robotics market is segmented on the basis of type, into articulated robots, gantry robots, robotic arms, and mobile robots. On the basis of function, the market has been segmented into storage, trans-shipments, assembling & disassembling, packaging and others. On the basis of vertical, the market has been segmented into food & beverage, automotive, textile, electronic & electrical and others. Lastly, on the basis of geography, the market has been segmented into North America( the United States, Canada, others), Europe( the United Kingdom, Germany, France, others), Asia- Pacific( China, Japan, India, others), Middle East & Africa( United Arab Emirates, Saudi Arabia, South Africa, others), and Latin America( Mexico, Brazil, Argentina, others).
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The manufacturing industry had open-heartedly welcomed mechanization and automation in the late 20th century. Today, robotics is not only restricted to manufacturing but has had many achievements in the area of applications as well.
Warehouse is the most crucial part of the entire supply chain process. This is where the products transit from the production facility, identified, sorted, and consequently tagged to be stored in a recorded location until ordered. This has made it necessary to move mechanization and automation into the warehouse, revolutionizing warehouse business to help the companies reduce overhead costs and increase productivity with consistency and accuracy, wherein artificial intelligence has helped achieve this particular task. The adoption of this technology has already commenced and is mainly driven by the intense competition between the brick-andmortar stores and online stores, as online retailers are trying hard to reduce the time it takes to deliver items to their customers.
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The basic functions of a warehouse are receiving, identifying & sorting, dispatching to storage, placing in storage, retrieving from storage, order picking, packing, shipping, and record keeping. Based on these functions, the warehouse robotics or material handling( MH) robotic equipment can be classified into articulated robots, gantry robots, robotic arms and mobile robots, wherein each one of these performs a specific function.
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