Warehousing and Logistics Robot Shipment to Reach Nearly 1 Million Units Annually by 2022, According to Tractica
February 1, 2019
Mobile Robot Platforms, Shuttle Automated Storage and Retrieval Systems,
Industrial Robotic Manipulators, and Gantry Robots Are All Driving
Market Growth
BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/logistics?src=hash” target=”_blank”gt;#logisticslt;/agt;–A growing number of warehousing and logistics companies are
incorporating robots to reap the benefits of speed, efficiency, and
increased profits to remain competitive in a market driven in large part
by consumers that demand rapid fulfillment. At the same time, robotic
warehousing and logistics technologies are advancing in capability and
becoming more affordable each year. According to a new report from Tractica,
the demand for robots and the supply of advanced robotic solutions for
the optimization of logistics processes, combined with labor shortages,
have created a tipping point that could lead to widespread adoption of
robots in warehouses and logistics operations to assist and displace
human workers.
Tractica forecasts that worldwide shipments of warehousing and logistics
robots will grow rapidly over the next 5 years from 194,000 units in
2018 to 938,000 units annually by 2022. The market intelligence firm
anticipates that the rate of growth will begin to slow after 2021 as
many major market players will have adopted robotic systems by then.
Tractica estimates that worldwide revenue for this category will
increase from $8.3 billion in 2018 to $30.8 billion in 2022, providing
significant opportunities for established participants and emerging
players.
“The warehousing and logistics robot market is experiencing strong
growth, and supply chains are being transformed as companies replace
fixed infrastructure and outdated processes with flexible, scalable
robotic solutions to meet the changing demands of modern commerce,” says
senior analyst Glenn Sanders.
Tractica’s report, “Warehousing
and Logistics Robots”, examines the market and technology issues
related to warehousing and logistics robots, as well as the development
of global markets with forecasts and analysis for the 5-year period from
2018 through 2022. The report addresses crucial market drivers and
challenges, in addition to the most important technology issues that
will affect market development. In total, 81 key and emerging industry
players are profiled. Market forecasts are segmented by world region and
robot type. An Executive Summary of the report is available for free
download on the firm’s website.
About Tractica
Tractica, an Informa business, is a market intelligence firm that
focuses on emerging technologies. Tractica’s global market research and
consulting services combine qualitative and quantitative research
methodologies to provide a comprehensive view of the emerging market
opportunities surrounding Artificial Intelligence, Robotics, User
Interface Technologies, Advanced Computing, Connected & Autonomous
Vehicles, and Wearables & Digital Health. For more information, visit www.tractica.com
or call +1.303.248.3000.
Contacts
Press Contact:
Clint Wheelock, +1.303.248.3000
press@tractica.com