Global Picking Robots Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2022-2028: The market will expand due to the rise in e-commerce and the need for faster order processing and delivery, growing demand for picking robots, and the growth of the food and beverage industry.
Global Picking Robots Market is valued at USD xx Billion in 2022 and it is expected to reach USD xx Billion by 2029 with a CAGR of xx% over the forecast period.
Picking robots are autonomous machines designed to perform material handling tasks in warehouses and fulfillment centers. These are also known as order fulfillment robots or picking and packing robots. These robots are programmed to navigate through the warehouse, identify and pick items from the shelves, and deliver them to the designated location for packing and shipping.
The first picking robots were developed in the 1960s and 1970s for use in manufacturing plants. However, it was not until the rise of e-commerce that picking robots gained significant attention. With the growth of online shopping, the demand for faster and more efficient order fulfillment increased, leading to the development and adoption of picking robots in the warehousing industry.
Picking robots are mainly used in the warehousing and logistics industry for material handling tasks, including order picking, sorting, and packing. The end-users of picking robots are primarily warehouses and fulfillment centers that handle large volumes of orders. The use of picking robots can improve efficiency, reduce labor costs, and minimize errors in the order fulfillment process.
The revenue generation model of the picking robots market includes the sale of robots, software, and services such as maintenance, repair, and training. The market also includes leasing and rental options for picking robots.
The supply chain model of the picking robots market involves the production of robots, software, and other components by manufacturers. These products are then distributed through various channels, including direct sales, distributors, and online marketplaces. The end-users of picking robots purchase these products and use them in their warehouses and fulfillment centers.
The value chain model of the picking robots market includes the various stages of the production and delivery process, including research and development, production, marketing, sales, and after-sales services. Each stage adds value to the final product and contributes to the overall success of the market.
The COVID-19 pandemic has had both positive and negative impacts on the picking robots market. On the positive side, the COVID-19 pandemic has led to an increase in demand for picking robots as there has been a surge in e-commerce orders due to the restrictions on physical retail stores. With the rise in online orders, warehouses, and distribution centers have experienced an increase in order volumes, leading to a higher demand for automation, including picking robots. The pandemic has highlighted the need for automation to maintain social distancing and ensure the safety of workers, leading to increased adoption of picking robots.
However, on the negative side, the pandemic has caused disruptions in the supply chain and manufacturing operations, leading to delays and increased costs. The uncertainty in the market has also led to a decrease in investments in automation technologies, including picking robots. Some end-users have also faced financial constraints due to the economic impact of the pandemic, leading to a decrease in demand.
Rest of Middle East and Africa
Rise in e-commerce and the need for faster order processing and delivery: The rise of e-commerce has led to an increased demand for faster order processing and delivery. Consumers expect their orders to be fulfilled quickly, and e-commerce companies are constantly striving to meet those expectations.
Picking robots offer a solution to this challenge by automating the order fulfillment process, leading to faster processing times and more efficient delivery. With the ability to work around the clock, picking robots enables e-commerce companies to process a higher volume of orders in a shorter amount of time, improving their competitiveness and customer satisfaction. The COVID-19 pandemic accelerated the growth of e-commerce, with online sales in the US increasing by 44% in 2020.
Growing demand for picking robots: The shortage of labor in warehouses and distribution centers is driven by several factors, including a tight labor market with low unemployment rates, an aging workforce, and changing demographics. As of February 2022, the unemployment rate in the United States was 3.8%.
Additionally, the physical demands and repetitive nature of manual labor jobs in these industries have led to difficulty in attracting and retaining workers. This shortage of labor has created challenges for businesses, leading to an increased demand for automation technologies such as picking robots to supplement and complement the existing workforce.
High Cost: The initial investment in purchasing and installing a picking robot can be substantial, and the ongoing maintenance costs can also be high. The average cost of a picking robot can range from $20,000 to $200,000 or more, depending on the complexity of the system and the level of customization required. Additionally, some companies may be hesitant to make the investment in automation if believe that manual labor is more cost-effective in the short term. Finally, the lack of skilled workers to operate and maintain the picking robots can also add to the overall cost of ownership.
Increased focus on collaborative robots (cobots) that can work alongside human operators to improve efficiency and safety in the workplace. Advancements in machine learning and computer vision technologies, enable picking robots to handle a wider variety of objects and shapes. And the integration of mobile robots and autonomous vehicles with picking robots to create a complete end-to-end solution for material handling.
Growing demand for customized and flexible solutions that can adapt to changing production requirements. Increasing need for automation in e-commerce, retail, and logistics industries due to the rise of online shopping. And the need for safe and efficient picking solutions in the food and beverage industry.
The picking robots market is highly competitive, with a large number of players operating in the industry. Some key strategies adopted by market players include:
Product innovation and differentiation to gain a competitive edge. Partnerships and collaborations with other companies to expand market reach and capabilities. And the merger and acquisition activities to acquire new technologies and capabilities.
Increased focus on software development and integration to improve the functionality and flexibility of picking robots. Expansion into new geographical markets to tap into emerging opportunities. And the emphasis on sustainability and environmental responsibility, such as the use of recyclable materials in robot construction.
North America is one of the largest markets for picking robots due to the presence of several leading robotics companies in the region, such as Amazon Robotics, FANUC Corporation, KUKA AG, and ABB Group. The growing adoption of automation in the e-commerce and retail sectors, along with the high labor costs in the region, is driving the growth of the picking robots market in North America. The automotive industry is one of the largest users of robotics and automation in North America, with an estimated 1.3 million robots in use worldwide as of 2020.
The United States is the largest market for picking robots in North America, accounting for a significant share of the market. The country has witnessed a significant increase in the adoption of automation in various industries, such as automotive, food & beverage, and healthcare, which has contributed to the growth of the picking robots market. E-commerce sales in the United States grew by 44% in 2020, driven by the COVID-19 pandemic and the shift toward online shopping.
Europe is a significant market for picking robots, with increasing demand for automation in the manufacturing and logistics industries. The region has a high adoption rate of advanced technologies, such as robotics and artificial intelligence, which is driving the growth of the market. The European Commission has also launched several initiatives to support the development and adoption of robotics and AI in Europe, including the Horizon 2020 program, which has funded over 80 robotics projects with a total budget of €700 million.
Germany, Italy, and France are the leading countries in terms of robot density (number of robots per 10,000 employees), with over 300 robots per 10,000 employees in the manufacturing sector.
Global Picking Robots Market report covers extensive analysis of emerging trends and competitive landscape.
Rest of Middle East and Africa
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? please email us firstname.lastname@example.orgJOIN US
AI® Market Research and Consulting Pvt ltd.
124, City Road, London EC1V 2NX
© Copyright 2023-24 AI® Market Research and Consulting. All Rights Reserved | Designed by AI® Market