Warehouse Robotics Market Outlook 2023-2028: Growth(CAGR of 11.6%), Demand, Key Player Analysis and Business Opportunity
What is the Size of the 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.
Warehouse Robotics Market Uses:
Warehouse robotics involves the
utilization of automated robots and specialized software to transport
materials, conduct numerous operations, and standardize warehouse processes. It
utilizes specialized machines and software solutions for lifting heavy loads
and efficiently picking, placing, transporting packaging, and palletizing
materials and products with enhanced accuracy. It aids in reducing pressures
and encircling expenditures, minimizing redundant processes, and improving
operational competencies. Besides this, it offers greater convenience to
consumers by lowering overall business and operating costs while minimizing
human errors in product deliveries. Some commonly used warehouse robotic
systems include industrial robots, sortation, conveyors, autonomous mobile
robots (AMR), and automated storage and retrieval systems (RS).
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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:
Significant growth in the e-commerce
industry is driving the global market. Coupled with this, the rising demand for
improved quality and reliability of warehouse operations is contributing to the
demand. Moreover, the increasing adoption of warehouse robotics by small and
medium-sized enterprises (SMEs) for improving operational efficiencies is
further fuelling the demand. Besides, the rising integration of the
internet of things (IoT), artificial intelligence (AI), and
machine learning with warehouse robotics are acting as other growth-inducing
factors. Furthermore, the increasing investments by several leading players in
warehouse automation using scalable technological solutions are creating a
positive market outlook. Other factors, including expanding retail sector, the
introduction of sensor technologies, and extensive research and development
(R&D) activities are projected to propel the market further.
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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
Note: If
you need specific information that is not currently within the scope of the
report, we can provide it to you as a part of the customization.
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