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