How Global Warehouse Robotics Market Players Should Strategize For 2022-2031
25 Jan, 2022
The global warehouse robotics market size is expected to grow from $3.54 billion in 2021 to $4.17 billion in 2022 at a compound annual growth rate (CAGR) of 17.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.82 billion in 2026 at a CAGR of 13.1%.
What is the Global Warehouse Robotics Market?
The warehouse robotics market consists of sales of warehouse robots by entities (organizations, sole traders, and partnerships) that are used to transport materials, perform various tasks, and streamline or automate warehouse processes. Warehouse robotics is a broad phrase that refers to the various automated devices and systems which can be used to improve speed, efficiency, and accuracy in a warehouse.
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What drives the Global Warehouse Robotics Market?
The growing e-commerce industry is driving the growth of the warehouse robotics market. E-commerce, or online shopping, is a business concept that allows individuals and businesses to buy and sell goods and services via the Internet. The e-commerce sector is the most transformative industry which necessitates automated warehouse robots to automate manual material transportation in any facility and optimize warehouse operations. For example, according to the US Census Bureau's Department of Commerce, retail e-commerce sales in the USA reached $222.5 billion in the second quarter of 2021, up by 3.3% from the first quarter. Therefore, the growing e-commerce industry is projected to increase the demand for the warehouse robotics market over coming years.
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https://www.thebusinessresearchcompany.com/report/warehouse-robotics-global-market-reportGlobal Warehouse Robotics Market Segments
The global warehouse robotics market is segmented:
By Type: SCARA Robots, Cylindrical Robots, Parallel Robots, Mobile Robots, Gantry Robots, Stationery Articulated Robots
By System Type: Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System, Swisslog Carry Pick
By Function: Pick And Place, Assembling Dissembling, Transportation, Packaging
By End-User: E-Commerce, Automotive, Food And Beverages, Electronics And Electrical, Metal And Machinery, Pharmaceuticals, Others
By Geography: The regions covered in the warehouse robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global warehouse robotics market.
Warehouse Robotics Global Market Report 2022provides market size and growth forecasts for the global warehouse robotics market, global warehouse robotics market share, warehouse robotics market segments and geographies, warehouse robotics market competitive landscape including leading competitors’ revenues, profiles and market shares. The warehouse robotics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Warehouse Robotics Industry Playersinclude ABB Limited, Honeywell International Inc, Fanuc Corporation, Amazon Robotics, KUKA, Yaskawa Electric Corporation, Attabotics, Omron Corporation, Daifuku Co, Toshiba Corporation, Yamaha Robotics, Locus Robotics, Bastian Solutions, Grey Orange, and Kion Group. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.