Press release
Warehouse Robotics Market Latest, Set for Rapid Growth and Trend by 2022-2030
Report Ocean published the latest research report on the Warehouse Robotics market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Warehouse Robotics market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.The global warehouse robotics size was US$ 4985.2 million in 2021. The global warehouse robotics size is forecast to reach US$ 15,795.0 million by 2030, growing at a compound annual growth rate (CAGR) of 13.3% during the forecast period from 2022 to 2030.
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Warehouse Robotics is the automation of warehouse processes using robotic systems, software, and automated systems. Warehouse robotics uses these devices to transport materials, perform various tasks, and streamline/automate warehouse processes. Recently, robotics has gained prominence in the supply chain, distribution center, and warehouse management circles, and they continue to play a critical role in warehouse automation. Among the functions warehouse robots perform are Pallet movers, Barcode scanners, Inventory data, Floor cleaners, Pallet builders, Pickers, and Back-office functions. Companies use warehouse robotics to improve order fulfillment and inventory management while staying ahead of the competition. Robotic warehouses save time and resources by retrieving and transporting items throughout the warehouse floor, allowing human workers to focus on more complex tasks, such as packing and shipping orders.
Factors Influencing Market Growth
Robots have gained prominence in supply chain, distribution center, and warehouse management circles. They will play a significant role in warehouse automation, which will spur the growth of the warehouse robotics market.
As e-commerce becomes more competitive, there is a growing demand for automation, which is driving the growth of the global warehouse robotics market.
The initial higher costs related to training and deployment, lack of awareness, a threat to jobs, and difficulties interacting with robots by some end-users may slow down the growth of the warehouse robotics market.
A growing level of automation and industrialization will provide lucrative opportunities for the global warehouse robotics market to grow.
Impact Analysis of COVID-19
As a result of the COVID-19 pandemic, many companies in the global warehouse robotics market had to halt business operations temporarily to comply with new government regulations designed to stop the spread of the disease. The halting of operations directly affects the global warehouse robotics market's revenue flow. Due to a lack of raw materials and workers, industrial production also ceased during the lockdown. Consequently, a halt to industrial activities and lockdowns for several months have had an effect on the global warehouse robotics market.
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Regional Insights
In 2021, Asia-Pacific held a dominant position, and it is forecast to grow rapidly in the forecast period. A number of factors are driving the growth of the Asia Pacific market, including the growth of online retail shopping, the number of companies in China developing mobile robots, a high attrition rate of warehouse workers, and active investment by venture capitalists in mobile robotics development. APAC continues to see an increase in investments in robotics deployment in various industries, contributing to its growth.
Leading Competitors
The leading prominent companies profiled in the global warehouse robotics market are:
ABB Limited
Fanuc Corporation
Kuka AG
Yaskawa Electric Corporation
Amazon.com Incorporated
Yamaha Robotics
Fetch Robotics, Incorporated
Locus Robotics
Omron Corporation
Honeywell International Incorporated
Siemens AG
Other Prominent Players
Scope of the Report
The global warehouse robotics market segmentation focuses on Product Type, Function, End-User, and Region.
Segmentation based on Product Type
Mobile Robots
Articulated Robots
Cylindrical Robots
Parallel Robots
Cartesian Robots
SCARA Robots
Segmentation based on Function
Pick & Place
Assembling & Dissembling
Transportation
Packaging
Segmentation based on End-User
Food & Beverage
Electronics & Electrical
Metal & Machinery
Automotive
Pharmaceuticals
Food & Beverages
E-Commerce
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
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