Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the warehouse robotics market provides an in-depth analysis of segments and sub-segments in the BRICS as well as the regional warehouse robotics market. The study also highlights the impact of drivers, restraints, and macro indicators on the BRICS and regional warehouse robotics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the BRICS warehouse robotics market. According to the report, the BRICS warehouse robotics market is projected to grow at a healthy CAGR over the forecast period of 2021-2027.
The major players operating in the warehouse robotics market in BRICS countries are ABB India Ltd., Fanuc India Limited, KUKA India Private Limited, Yaskawa India Pvt Ltd (Robotics Division), Yamaha Robotics, Omron Automation Pvt. The manufacturers are strongly focusing on research and development activities for product innovations. Warehouse robotics technology gaining lots of traction due to its significant emergence in various industries such as food and beverage, industrial goods, automotive, consumer electronics, healthcare, and many other industries.
Increasing demand from e-Commerce companies, retailers, grocers, and package handling logistics providers in BRICS countries drives the warehouse robotics market. The high penetration rate of industrial automation in warehouses across BRICS countries drives the demand for the BRICS warehouse robotics market over the forecast period. BRICS countries are working together with academic as well as industrial providers of robotics components, to identify and document best practices in the development of complex robotics systems. Moreover, the automated system plays a vital role in warehousing operations such as packaging, receiving, and storing saves time, labor resources, and provides an augmented performance. Furthermore, the growing demand for warehouse robotics from various industry verticals is likely to enhance the market growth. However, the high initial investment for setup and lack of awareness are hampering the market growth of the warehouse robotics market. BRICS countries are largely affected by the pandemic which negatively impacted the last mile market at the beginning. The COVID-19 epidemic has had a substantial impact on the growth of the warehouse robotics market in BRICS. Although the pandemic will negatively impact the growth of warehouse robotics in the short term, over the long term, the market is expected to grow at an exponential phase as robotics has become the most important priority in these countries. The COVID-19 epidemic will have a positive impact on the growth of the warehouse robotics market. The majority of the population is quarantined at home in the wake of the pandemic and search engines are offering numerous interactive games on their homepage in an attempt to lure users.
Geographically, China holds the largest market share in the BRICS warehouse robotics market. There are 60 Robotics in Logistics startups in China including Flashhold, Candela, Whale warehouse, and Youibot. Companies in the retail, tech/e-commerce, logistics, manufacturing, and transportation sectors are seeing cost-savings and efficiency improvements by deploying warehouse robots. In India, the growing e-commerce & retail industry, food & beverage industry, the pharmaceutical industry drives the BRICS warehouse robotics market. Furthermore, the growth of new methods of retailing, such as omnichannel retailing, and technological developments are some of the factors increasing the market growth in India.
The report on BRICS warehouse robotics market covers segments such as type, and application. On the basis of type, the sub-markets include gantry robots, fixed robots, mobile robots, and stationery articulated robots. On the basis of application, the sub-markets include e-commerce, food & beverage, packaging, automotive, consumer electronics, healthcare, and other applications.
The report provides profiles of the companies in the market such as HONEYWELL Corporation, YASKAWA Electric Corporation, Omron Corporation, ABB Ltd., Siemens AG, Locus Robotics, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of warehouse robotics market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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