Mobile Robot Platforms, Shuttle Automated Storage and Retrieval Systems, Industrial Robotic Manipulators, and Gantry Robots: Global Market Analysis and Forecasts
In the modern world’s fast-paced, customer-driven economy, the warehousing and logistics industries are looking for robotics solutions, more than ever before, to remain globally competitive. While robotics technology has already made an economic impact on the manufacturing sector, it is currently starting to transform supply chain operations to be faster, safer, and more productive. The demand for robots and the supply of matured robotic solutions for the optimization of logistics processes have created a tipping point that could lead to widespread acceptance and presence of robots in warehouses and logistics operations.
The market is experiencing strong growth, with many prominent companies showing greater confidence in new robotics technologies that can yield a return on investment (ROI) in less time than it took a few years ago. Worldwide sales of warehousing and logistics robots reached $1.9 billion in 2016 and Tractica expects that the market will continue to grow rapidly over the next few years, while providing significant opportunities for new industry participants as well, reaching a market value of $22.4 billion by the end of 2021. Tractica forecasts that worldwide warehousing and logistics robot unit shipments will increase from 40,000 in 2016 to 620,000 units annually by 2021.