Study: Warehousing, logistics robot shipments will reach 620,000 units annually by 2021
Mobile robot platforms and industrial robot manipulators will drive the largest market growth during the forecast period.
In the modern world’s fast-paced, customer-driven economy, the warehousing and logistics industries are looking for robotics solutions 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, according to a new report from Tractica, Boulder, Colo., could lead to widespread acceptance and presence of robots in warehouses and logistics operations.
Tractica forecasts that worldwide warehousing and logistics robot unit shipments will increase from 40,000 in 2016 to 620,000 units annually by 2021. Tractica also estimates that global market revenue for the sector reached $1.9 billion in 2016, and anticipates that the market will continue to grow rapidly over the next several years, reaching a market value of $22.4 billion by the end of 2021.