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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