NA Warehouse Robotics Market Size

North America Warehouse Robotics Market Analysis

The North American warehouse robotics market is expected to reach a CAGR of 11.2%, during the period of 2020-2025. The emergence of the Industrial Internet of Things (IIoT) and the advent of a network of connected systems are helping industries perform a multitude of tasks, such as material batching, picking, ordering, packaging, warehouse security, and inspection, as well as improve the operational efficiency by huge margins.

• Significant technological advancements, such as sensors technologies which enable an enhanced object perception and an accurate positioning system, have made way for the robotics industry to explore the untapped potential in various warehousing applications, while attaining an optimal operational flow and logistics efficiency, among other accomplishments, across the different industry verticals.
• According to the British Government's Health and Safety Statistics, in 2015, the rate of fatal injuries at work in Great Britain was 0.46 fatalities per 100,000 workers with over 144 worker deaths, compared to 142 fatal deaths in 2014. The numbers are comparable to the United States at 3.4 per 100,000 which has a higher fatality ratio. The percentage of employees taking time off from work due to workplace injuries is also one of the factors concerning the companies. Labor time off and medical expenses increase the costs of the companies, thus affecting the total expenditure. According to Occupational Safety and Health Act (OSHA), It has been estimated that companies around the world spend around USD 1 billion per week as compensation for workplace injuries. Thus, the need for providing safer workplaces is the primary focus in industries.
• Furthermore, various food distribution companies are embracing the automatic storage and retrieval systems (AS/RS). According to Dematic, a supplier of integrated automated technology, software, and services in the United States, more than 50% of its food distribution customers are adopting AS/RS to existing buildings.
• The outbreak of Coronavirus and the lockdown across the world have affected the warehousing and industrial activities, especially in countries, such as the United States, the United Kingdom, France, and Israel, which manufacture a significant portion of the warehouse robots, such as Automated Storage and Retrieval Systems (AS/RS), Automated Guided Vehicles (AGVs), Automated Guided Carts (AGCs), Autonomous Mobile Robots (AMRs), and others, such a Articulated Robotic Arms and Unmanned Aerial Vehicles.