Global Industrial Robots (Warehousing And Storage Robots) Market Trends And Strategies
The global industrial robots market is expected to decline from $3.39 billion in 2019 to $3.05 billion in 2020 at a rate of -10%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $4.66 billion in 2023 at a rate of about 15%. Accelerated movement of goods inside the warehouse drives the industrial robots in the warehouse and storage market. However, the high costs of industrial robots limit the growth of the market.
The industrial robots in warehousing and storage market consist of sales of the automated robots, systems which are used in warehouse and related services. Warehouse and storage robots perform various tasks and automate the warehouse process. Industrial robots in warehousing and storage are used to do tasks such as lift and arrange heavy products that are to be stored in racks or given spaces.
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The global industrial robots market is further segmented based on type and geography.
By Product Type: Mobile Robots; Articulated Robots; Cylindrical Robots; SCARA Robots; Parallel Robots; Cartesian Robots
By Function: Pick & Place; Palletizing & De-palletizing; Transportation; Packaging
By Application: E-commerce; Automotive; Consumer Electronics; Food & Beverage; Healthcare; Others
By Geography: The global industrial robots market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American industrial robots market accounts for the largest share in the global industrial robots market
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Trends In The Industrial Robots (Warehousing And Storage Robots) Market
The picking process in the warehouse is increasingly being automated with increased demand in E-commerce industry to reduce the pickup time of items. The automated robot gathers items and brings them to a central location where an employee can fulfill orders fast.
Industrial Robots (Warehousing And Storage Robots) Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides industrial robots market overviews, analyzes and forecasts industrial robots market size and growth for the global industrial robots market, industrial robots market share, industrial robots market players, industrial robots market size, industrial robots market segments and geographies, industrial robots market trends, industrial robots market drivers and industrial robots market restraints, industrial robots market’s leading competitors’ revenues, profiles and market shares. The industrial robots market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.