Warehouse Robotics Market Emerging Trends and Will Generate New Growth Opportunities Status By 2023

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.

Warehouse robotics involves the deployment of robotics in warehouses to perform various functions such as, pick-placing, packaging, transportation, packaging, and palletizing. The integration of warehouse and robotics technology ensures accuracy and facilitates automation apart from increasing the storage space and operation efficiency of warehouses. 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.

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Leading Players:

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.

Regional Analysis:

The market is analyzed based on region into North America, Europe, Asia-Pacific, and LAMEA. North America is the largest user of warehouse robotics, followed by Asia-Pacific. Asia-Pacific is expected to grow at a CAGR of 11.3%, while Asia-Pacific is expected to register a CAGR of 12.6% during the forecast period. The Asia-Pacific region is expected to dominate the global warehouse robotics market due to growth in the e-commerce, food & beverage, metal & machinery, and electronic & electrical industries.

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Warehouse Robotics Market Key Segments:

By Type
• SCARA Robots
• Cylindrical Robots
• Parallel Robots
• Mobile Robots
• Gantry Robots
• Stationery Articulated Robots

By Function
• Pick & Place
• Assemblingdissembling
• Transportation
• Packaging

By End-user
• E-commerce
• Automotive
• Food & Beverages
• Electronics & Electrical
• Metal & Machinery
• Pharmaceuticals

Key Findings of the Warehouse Robotics Market:

• 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.
• The mobile robots market is expected to grow at the fastest CAGR of 12.3%.
• The e-commerce segment is expected to be grow at the highest CAGR of 12.2% during the forecast period.
• Asia-Pacific is expected to grow rapidly, registering a CAGR of 12.6% from 2016 to 2023.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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This release was published on openPR.