Press release
Warehouse Robotics Market Trends 2023, Leading Companies Share, Size and Forecast Report By 2028
Warehouse Robotics Market
IMARC Group's latest research report, titled "Warehouse Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global warehouse robotics market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.
What is Warehouse Robotics ? :
Warehouse robotics represents a sophisticated technology designed specifically for automating various tasks in warehouse environments. These robotic systems, characterized by their efficiency and accuracy, are typically used to streamline processes such as palletizing, picking, packing, and sorting, among others. Warehouse robotics essentially consist of mobile robot platforms, autonomous guided vehicles (AGVs), and automated storage and retrieval systems (AS/RS), among others. These robotic systems function on the principles of computer vision, artificial intelligence (AI), deep learning, and IoT technologies, working cohesively to automate tasks while reducing human intervention. These robots are characterized by their adaptability, endurance, and precision.
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Key Players Included in Global Warehouse Robotics Market Research Report:
• ABB Ltd
• Amazon.com Inc
• Fanuc Corp
• Fetch Robotics Inc
• Honeywell International Inc
• Kuka AG
• Locus Robotics
• Omron Corporation
• Siemens AG
• Yamaha Motor Co. Ltd
• Yaskawa Electric Corp
Warehouse Robotics Market Development and Future Growth:
The global market is primarily driven by the considerable growth in the e-commerce industry requiring efficient warehousing solutions to manage vast inventories and fulfill orders. In line with this, the rising labor costs worldwide, leading businesses to seek automated solutions for cost-efficiency. Furthermore, the rising need for ensuring continuous operation due to the labor shortage in several regions across the globe is creating a positive market outlook.
Besides this, the advent of Industry 4.0 and the increasing adoption of IoT in the manufacturing sector are contributing significantly to the market growth. Moreover, technological advancements are leading to the development of more intelligent, flexible, and autonomous robots that can seamlessly integrate into existing workflows and adapt to changes in real-time, thereby stimulating the market growth.
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Key Market Segmentation:
Breakup by Type:
• Articulated
• Gantry
• Automated Storage and Retrieval System (ASRS)
• Mobile
• Others
Breakup by Function:
• Storage
• Trans-shipments
• Packaging
• Others
Breakup by End User:
• Food and Beverages
• Automotive
• Retail
• Electronics and Electrical
• Pharmaceuticals
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Related Report By IMARC Group:
• https://www.einnews.com/pr_news/629704473/india-religious-and-spiritual-market-to-grow-at-10-32-cagr-by-2028
• https://www.einnews.com/pr_news/629710453/india-kitchen-appliances-market-price-size-share-cost-module-and-forecast-during-2023-2028
• https://www.einpresswire.com/article/602996221/india-mushroom-market-to-grow-at-cagr-of-7-6-during-2023-2028
• https://www.einpresswire.com/article/603003086/india-drones-market-to-grow-at-cagr-of-10-23-during-2023-2028
• https://www.einpresswire.com/article/603005986/india-extended-warranty-market-to-grow-at-cagr-of-11-65-during-2023-2028
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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