BANGALORE, India, Oct. 5, 2020
BANGALORE, India, Oct. 5, 2020 /PRNewswire/ -- According to the Latest Market Research Report "Warehouse Robotics Market Breakdown Data by Type ( Mobile Robotics, Fixed Robotics) by Application ( E-commerce, Automotive, Food & Beverages, Electronics, Other ) and Region – Global Forecast to 2026", published on Valuates Reports
In 2019, the global Warehouse Robotics market size was USD 2783.7 Million, and it is expected to reach USD 4926.2 Million by the end of 2026, with a CAGR of 8.4% during 2021-2026.
The warehousing industry is expected to experience substantial demand for robotic systems' implementation due to the growing demand for reduced running time, cost efficiency, and increased warehouse operating efficiency.
It is anticipated that the growing demand for automation and understanding of safety and better quality output would present significant growth opportunities for the industry.
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TRENDS INFLUENCING THE WAREHOUSE ROBOTICS MARKET
The Warehouse Robotics Market size is expected to grow rapidly by the combined influence of the rising retail and e-commerce industries, and technological changes in automation guided by energy efficiency.
The increasing proliferation of the Internet of Things ( IoT), Artificial Intelligence (AI ), machine learning, and other innovations are the major factors that are expected to increase the growth of the warehouse robotics market size during the forecast period.
Furthermore, the rising shortage of skilled labor is expected to further propel the Warehouse Robotics Market size growth.
Collaborative robots, also known as cobots, are gaining popularity as they are designed to increase security and simplify the interaction between humans and machines. Using technology such as machine learning, Cobots are becoming intelligent and can perform the warehouse task efficiently. This increasing adoption of Cobots is expected to drive the Warehouse Robotics Market size.
WAREHOUSE ROBOTICS MARKET SHARE ANALYSIS
North America is expected to hold the largest Warehouse Robotics Market share during the forecast period. This dominance of North America is attributed to the proliferation of new technology coupled with warehouse operatives' critical presence.
Because of the rising number of production facilities coupled with increasing domestic demand for merchandise, Asia Pacific is projected to witness the highest growth during the forecast period. Also, the notable economic growth of Asia Pacific countries has increased the use of warehouse robotics in the regional retail and manufacturing sectors.
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Warehouse Robotics Breakdown Data by Type
Warehouse Robotics Breakdown Data by Application
Leading Key Vendors
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SIMILAR REPORTS :
● Articulated Robots Market
The Articulated Robot market size's global revenue was 5254.52 Million USD in 2017 and is expected to reach USD 10939.42 Million USD in 2025 at a CAGR of 9.60%.
● SCARA Robots Market
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View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0F305/scara-robots
● Factory Automation Market
The global Factory Automation market size is expected to reach USD 368,372.4 million in 2025, from USD 190,882.2 million in 2017 growing at a CAGR of 8.8% from 2018 to 2025
● Industrial Robots Market
The global Industrial Robots market size was 11300 Million USD in 2018 and is expected to 24500 Million USD by 2025, at a CAGR of 10.2% between 2019 and 2025.
● Mobile Warehouse Robotics Market
● Warehouse Management Systems Market
● Warehouse Control System Market
● Collaborative Warehouse Robotics Market
● Parallel Robots Market
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