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Warehouse Robotics Market 2020 - Size, Overview, Share and Development by 2017-2023

01-23-2020 06:13 PM CET | Industry, Real Estate & Construction

Press release from: allied market research

Warehouse Robotics Market 2020 - Size, Overview, Share

The global warehouse robotics market is driven by the growing demand for automation due to the intense competition in e-commerce sector, rise in the number of stock-keeping units, and advancements in technology. However, factors such as initial higher costs related to training & deployment, lack of awareness, threat of job displacement, and difficulty in interacting with robots for some end users hamper the market growth.

The global warehouse robotics market was valued at $2,442 million in 2016 and is expected to reach $5,186 million by 2023, to grow at a CAGR of 11.6%. E-commerce as an industry vertical is expected to dominate the global warehouse robotics market from 2017 to 2023. North America dominated the global warehouse robotics market with 33% share in 2016.

Based on function, it is categorized into pick & place, assembling-dissembling, transportation, and packaging. Pick & place is the most common function performed by warehouse robotics, followed by packaging. This segment is expected to grow at a CAGR of 11.3% during the forecast period. The transportation segment is expected to be the fastest growing segment registering a CAGR of 12.3% during the forecast period, owing to growth in mobile robots, dearth of skilled labor, and rise in labor costs.

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Key Findings of the Warehouse Robotics Market:

o The warehouse robotics segment accounted for $2,442 million in 2016 and is expected to grow at a CAGR of 11.6% during the forecast period.
o The mobile robot's market is expected to grow at the fastest CAGR of 12.3%.
o The e-commerce segment is expected to be grow at the highest CAGR of 12.2% during the forecast period.
o Asia-Pacific is expected to grow rapidly, registering a CAGR of 12.6% from 2016 to 2023.

However, the warehouse robotics segment is expected to grow at the highest CAGR of 12%, with the second leading position in the global market. Furthermore, the growth in the food & beverage industry in the Asia-Pacific and European regions is attributed to the increasing deployment of robots in packaging, palletizing, and transportation.

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The key players operating in the global warehouse robotics market have adopted collaborations, partnerships, and product developments to maintain a strong foothold in the industry. The prominent players profiled in the report are ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., Amazon Robotics (Amazon.com, Inc.), Yamaha Robotics., Fetch Robotics, Inc., Locus Robotics, Omron Corporation, Honeywell International Inc., and Siemens AG.

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. KEY PLAYERS:
1.5. RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top impacting factors
3.2.3. Top winning strategy

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About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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