The "Piece Picking Robots Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Piece Picking Robots Market is expected to grow at a CAGR of 11.7% over the forecast period 2020 to 2025.
With the requirement for e-commerce and product assortment quickly growing, the demand for piece-picking solutions has grown substantially. Additionally, labor deficits in the logistics industry, including securing employees for ordinary tasks such as picking, have become a hurdle for warehouse managers.
Key Market Trends
Collaborative Robots to Drive the Market
Collaborative mobile robots augment humans' work to improve accuracy and by leading warehouse associates to correct pick locations and to utilize UPC scanning, further reducing human error. As, according to HMC Investment Securities, it is expected that, by 2025, the global co-bot market size will reach around USD 12.8 billion, the Piece Picking Robots Market is envisioned to get a boost.
While the collaborative robot market is relatively new, it's poised for massive growth over the next 10 years. Collaborative robots are robots capable of safely working alongside human workers and becoming more sophisticated and useful inside and outside of factory settings. Collaborative robots are advancing in capability while simultaneously becoming cheaper and more widely available. These two determinants are vital contributors to the explosive market growth ahead.
There are quite a few applications where collaborative robots are being deployed: packing, quality testing, material handling, machine tending, assembly, welding, and others. Among these, the material handling segment is expected to experience the most significant growth in collaborative robot installments.
Asia-Pacific to Dominate the Market
Due to Piece Picking Robots' significant adoption throughout the region, Asia-Pacific is anticipated to record the most substantial growth rate over the forecast period. China controls the regional adoption rate of robotics due to the extensive deployment in the country's governing electronic and automotive manufacturing areas.
In China, companies like Mujin have been adopting business collaborating strategies to develop a piece picking system to solve the increasing demand for skilled labor. Besides, the company has introduced 18 picking systems at the Shanghai Center of JD.com in China, realizing the world's first wholly automated logistics center.
In June 2020, HAI ROBOTICS headquartered in Shenzhen, China, announced the launch of two new HAIPICK robots, which are the world's first carton-picking ACR HAIPICK A42N and double-deep ACR HAIPICK A42D and these robots can reduce the number of aisles by 50% while increasing storage density by 130%.
The maturing population of the countries of Asia-Pacific, such as Japan, China, and India, are driving growth in the medical technology sector, creating a massive market for service robots. For instance, according to the Ministry of Internal Affairs and Communications (Japan), around 36.2 million inhabitants are expected to be 65 years or older in 2020, consequently reducing the number of skilled workers and boosting the market growth.
In the region, countries like Japan are emphasizing increased partnerships and investment strategies. For instance, Okamura integrated solutions from RightHand Robotics into its warehouses to further automate operations. RHR's autonomous piece-picking solution, RightPick2, will be integrated with Okamura's logistics solutions, such as AutoStore.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.4 Assessment of Impact of COVID-19 on the Automation Industry at a Global level and in Europe
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Labor Shortages
5.1.2 Need for Speed & Flexibility
5.1.3 Cost Competitiveness
5.2 Market Challenges
5.2.1 Slower Speeds
5.2.2 Inability of the Grippers to Deal with Usual Items
5.2.3 Reliability Issues
6 MARKET SEGMENTATION
6.1 By Type of Robot
6.1.2 Mobile Piece-Picking/ASRS
6.2 By End-user Vertical
6.2.2 Retail/Warehousing/Distribution Centers/Logistics Centers
6.2.3 Other End-user Verticals
6.3 Geography (Current Market Scenario, Analysis of Opportunity/Potential Across Various Key Countries Considered in the Study Scope)
6.3.1 North America
6.3.4 Rest of the World
7 COMPETITIVE LANDSCAPE
7.1 Key Company Profiles*
7.1.1 Plus One Robotics Inc.
7.1.2 Kindred Systems Inc.
7.1.3 Universal Robots A/S
7.1.4 XYZ Robotics Inc.
7.1.5 Righthand Robotics Inc.
7.1.6 Berkshire Grey Inc.
7.1.7 Robomotive BV
7.1.8 Lyro Robotics Pty Ltd.
7.1.9 Knapp AG
7.1.10 Grey Orange Pte. Ltd.
7.1.11 Handplus Robotics
7.1.12 Dematic Group (KION Group AG)
7.1.13 Nomagic Inc.
7.1.14 Fizyr B.V.
7.1.15 Mujin Inc.
7.1.16 Nimble Robotics Inc.
7.1.17 Fritz Schafer GmbH
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/3aosyx
View source version on businesswire.com: https://www.businesswire.com/news/home/20210122005319/en/
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