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Warehouse Robotics Market Size, Forecast 2023 | Key Player-Fanuc, Kuka AG, Yaskawa Electric, Amazon Robotics, Yamaha Robotics

04-02-2020 06:54 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Warehouse Robotics Market Size, Forecast 2023 | Key

According to a new report published by Allied Market Research, titled "Warehouse Robotics Market: Global Opportunity Analysis and Industry Forecast, 2017-2023", 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.

The global warehouse robotics market is segmented based on type of robot, function, end user, and geography. On the basis of type of robot, it is classified into SCARA, cylindrical, parallel, mobile, gantry, and stationery articulated robots. Presently, stationery articulated robots are the most dominant robot in the global market, followed by gantry robots. Stationery articulated robots and gantry robots are expected to lose their market share due to surge in the use of autonomous mobile robots.

On the basis of end user, it is divided into e-commerce, automotive, food & beverages, electronics & electrical, metal, pharmaceuticals, and others. E-commerce holds the maximum share in the warehouse robotics market, followed by the automotive industry. E-commerce is expected to grow at a CAGR of 12.2% during the forecast period.

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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.

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 robots 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.

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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 (, Inc.), Yamaha Robotics., Fetch Robotics, Inc., Locus Robotics, Omron Corporation, Honeywell International Inc., and Siemens AG.

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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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