Market Research Report
Industrial Robots (Warehousing and Storage Robots) Global Market Report 2022
|Industrial Robots (Warehousing and Storage Robots) Global Market Report 2022|
The Business Research Company
Content info: 300 Pages
Delivery time: 2-10 business days
“Industrial Robots (Warehousing and Storage Robots) Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global industrial robots (warehousing and storage robots) market.
This report focuses on industrial robots (warehousing and storage robots) market which is experiencing strong growth. The report gives a guide to the industrial robots (warehousing and storage robots) market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the industrial robots (warehousing and storage robots)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Industrial Robots (Warehousing and Storage Robots) market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider industrial robots (warehousing and storage robots) market, and compares it with other markets.
Major players in the industrial robot market are: ABB, Amazon, Yaskawa Electric Corp, Honeywell Intelligrated, Omron Corporation, Fetch Robotics, Inc, Fanuc Corp, Bastian Solutions, Yamaha Robotics, and Siemens AG.
The global industrial robots (warehousing and storage robots) market is expected to grow from $4.65 billion in 2021 to $4.98 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The market is expected to grow to $6.55 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%.
The industrial robots in the warehousing and storage market consist of sales of automated robots, systems that are used in warehouses, and related services. Warehouse and storage robots perform various tasks, automate the warehouse process. Industrial robots in warehousing and storage are used to do tasks such as lifting and arranging heavy products that are to be stored in racks or given spaces.
The main product types of industrial robots are mobile robots, articulated robots, cylindrical robots, scara robots, parallel robots, and cartesian robots. A mobile robot is a machine that is operated by software and uses sensors as well as other technology to identify and move about its surroundings. Mobile robots operate by combining artificial intelligence (AI) and physical robotic elements such as wheels, rails, and legs. The functions of industrial robots include pick and place, palletizing and de-palletizing, transportation, and packaging. The various applications involved are e-commerce, automotive, consumer electronics, food and beverage, healthcare, and other applications.
Asia-Pacific was the largest region in the industrial robots market in 2021. Western-Europe was the second-largest region in the industrial robots market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Accelerated movement of goods inside the warehouse drove the industrial robots in the warehouse and storage market. The increase in the movement of goods is due to the boom in the E-commerce industry and their commitment to shortest-time delivery. Industrial robots are used to speed up the process in the warehouses and storage industry. For instance, Shopify started using warehouse robots in 2019 to reduce the delay in the movement of goods in the warehouse, increasing the speed of the delivery. Accelerated movement of goods inside the warehouse drove the industrial robots in the warehouse and storage market.
The high cost of industrial robots limits the growth of the market. Industrial robots are capital intensive due to the use of the latest technology and sensors to operate efficiently and should withstand the weights. The cost of the setup for a warehouse operation of 50-100 robots costs between $2 million to 4 million which is a high investment. This high cost of robots prevents the easy adoption of industrial robots, limiting the growth of the market.
The picking process in the warehouse is increasingly being automated with increased demand in the 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. For instance, Ocado, a British supermarket started using a grid of picking robots in the warehouse that picks the ordered items and delivers into crates, which are moved onto conveyors and is carried to shelves where an employee picks the crate and delivers the order to the customer helping in delivering the groceries fast.
In April 2019, Amazon has acquired Canvas Technology based in Boulder, the USA for an undisclosed amount. The deal adds another important piece to amazon's robotics group portfolio of the fulfillment of center machines. The canvas autonomous cart utilizes 3D imaging and software solutions that can be applied to other hardware. Canvas Technology is an autonomous warehouse robotic start-up.
The countries covered in the industrial robots market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.