Global Piece Picking Robot Market to grow with a CAGR of 62.5% from 2022 to 2027

Global Piece Picking Robot Market Analysis (2023 - 2030)

The Global Piece Picking Robot Market is estimated to reach USD 2.9 billion by 2027. The market is projected to grow with a CAGR of 62.5% per annum during the period of analysis (2022-2027).

Piece-picking robots with specialized grippers make sure that various objects are handled carefully. Because of this, the grippers and handling strategy are adjusted to the object. Piece-picking robots have a very solid gripper control. Robots that select and put items are often employed in production situations nowadays. Pick-and-place robotization reduces the amount of time needed to gather components or objects and position them in various locations. To boost output rates, this cycle can be automated. Human workers may now concentrate on more interesting jobs while pick-and-place robots take over. Pick and place robots, which are usually mounted on a sturdy pedestal, are set up to arrive at different locations and accomplish tasks. They start in one place and go on to the next using sophisticated visual systems to identify, control, and move items. Due to several design possibilities, pick and place robots may be equipped with a wide range of end-of-arm tooling options for use in a variety of applications, such as packing, assembling, or bin picking. These robots can be used to collect products for orders, package them in boxes, or carry pieces to the next location for assembly. A crucial task for every warehouse or distribution facility is selecting specific goods to be added to client orders. There are several picking strategies available to warehouse managers, and each one should be assessed in light of a wide range of variables, including product kinds, order volume, order complexity, labour availability, budget, and pick rate objectives, among others. Manual picking is a labour-intensive, costly, and time-consuming process. Without automation, warehouses may spend up to 70% of their budget on novice piece pickers. eCommerce has become THE standard for a rising number of people. Warehouse operations, particularly in the area of component picking, have been under unimaginable pressure as a result of the eCommerce industry's phenomenal growth. Finding the labour force required to satisfy the eCommerce industry's escalating expectations is now almost impossible in many locations. Not to mention the stringent SLAs retailers need of their fulfilment partners. To maintain distribution facilities competitive and profitable, traditional selection and material handling techniques from ten, five, or even two years ago are no longer enough. According to a study, to maintain their sustainability, the most prosperous warehouse organisations have enhanced the automation of their most normal processes.

Key Market Insights:

  • Based on the type, the market is segmented into Collaborative, Mobile and Others. Collaborative robots are easy to deploy, safe, and cost-effective. Collaborative robots are making automation easier than it has ever been before for small and medium-sized businesses all around the world. They're made to share a workspace with others, making robotization easier than ever for companies of all sizes. Because of these benefits, collaborative robots have become a game-changer in a variety of applications, including piece picking. As a result, the market is growing due to the increasing adoption of collaborative robots.
  • Increased e-commerce adoption and product assortment are boosting the global piece-picking robots’ market. With the implementation of robotic piece picking at their warehouses and distribution centers, several prominent retailers, 3PLs, basic food item chains, and e-commerce suppliers have already seen considerable improvements. In many industries, finding the workforce needed to meet the growing demands of e-commerce has become nearly impossible. For usage in e-commerce and product assortment, piece-picking robots are versatile and cost-effective. DHL, for example, is collaborating with technology experts like Fetch Robotics to examine the various applications of robotics in logistics, allowing associations and their employees to benefit from greater efficiencies.
  • Geographically, with the rising adoption of piece-picking robots, growing investment in technological advancement, and the presence of leading players in this region, North America is anticipated to dominate the global piece-picking robots’ market over the forecast period. One of the primary reasons driving market expansion in this region is increased investment in technological advances.

Market Segmentation

By Robot Type

  • Collaborative
  • Mobile
  • Others

By End User

  • Pharmaceuticals
  • Retail
  • Warehousing
  • Logistics Centers
  • Distribution Centers
  • Others

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East
  • Africa

 

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