A Tractica report about the growing use of robots in logistics and processes in warehouses indicates that consumer demand for rapid fulfillment and a labor shortage are two key factors spurring this growth. If this transition continues, the report suggests that widespread adoption of robots in these areas is near at hand. Those companies that have already incorporated robots have seen greater efficiency, speed, and profit margins, helping to drive the market to a potential high 938,000 units annually by 2022.
Glenn Sanders, a senior analyst, spoke about the rise of robots in these industries, saying that, “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is experiencing strong growth, and supply chains are being transformed as companies replace fixed infrastructure and outdated processes with flexible, scalable robotic solutions to meet the changing demands of modern commerce.”
The report, “Warehousing and Logistics Robots”, examines the technology issues and market behind robots in warehousing and logistics, providing global market forecasts for the five-year period from 2018 to 2022. It provides profiles on 81 emerging and established industry players, discusses crucial market challenges and drivers, and segments the market into robot type and world region.
This market growth should begin to slow after 2021, when Tractica believes the major market players fully adopt robotic systems. During this time, the worldwide revenue in the category should increase to $30.8 billion in 2022 from $8.3 billion in 2018, providing opportunities for established companies as well as emerging startups.
