Competitors in the Market, 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
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.
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.
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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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.
The global warehouse robotics market segmentation focuses on Product Type, Function, End-User, and Region.
Segmentation based on Product Type
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Middle East & Africa (MEA)
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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