Kenneth Research, in its repository of market research reports, has recently added a report on Warehouse Robotics Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Warehouse Robotics Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Warehouse Robotics Market products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The Warehouse Robotics Market is majorly affected by the recently hit global pandemic, COVID-19, which has devastated several businesses worldwide. Although, the ICT industry has observed a significant rise in the utilization of cloud applications, yet several manufacturing organizations in the ICT industry are facing significant issues, especially in places where the ICT infrastructure is not that satisfactory.
Global Warehouse Robotics Market Analysis
According to Verified Market Research, The Global Warehouse Robotics Market was valued at USD 2.06 billion in 2017 and is projected to reach USD 5.9 billion by 2025, growing at a CAGR of 11.47% from 2018 to 2025.
What is Warehouse Robotics?
A Warehouse Robotics are robots that are implemented warehouses as a result of increasing incorporation of automation in various industries as well as the rising amount of completion. The warehouse robots aid in modern logistics operations greatly for functions such as pick & place, palletizing & depalletizing, transportation and packaging. Common industry’s in which warehouse robotics are used are E-Commerce, chemical, rubber, & plastic, food & beverages, automotive, electrical & electronics, metal and machinery and pharmaceuticals.
Global Warehouse Robotics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors that are aiding in the growth of the Warehouse Robotics market include the growing e-commerce industry as well as the necessity for the enhanced quality and reliability in warehouse operations. Factors such as its high initial cost of investment as well as the lack of skilled workforce available for the management of the technology are restraining the overall Warehouse Robotics market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Warehouse Robotics Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Warehouse Robotics Market Competitive Landscape
The “Global Warehouse Robotics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., ATS Automation Tooling Systems, Inc., Amazon.Com, Inc. (Amazon Robotics), Honeywell International, Inc. (Intelligrated), Omron Corp. (Adept Technology, Inc.), Fetch Robotics, Inc. and IAM Robotics.. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Warehouse Robotics Market , By Type
• Mobile Robots
• Parallel Robots
• Cartesian Robots
• Articulated Robots
• Cylindrical Robots
• Scara Robots
Global Warehouse Robotics Market , By Software
• Warehouse Management System
• Warehouse Control System
• Warehouse Execution System
Global Warehouse Robotics Market , By Function
• Pick & Place
• Palletizing & Depalletizing
• Transportation
• Packaging
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global Warehouse Robotics Market , By Industry
• E-Commerce
• Chemical, Rubber, & Plastic
• Food & Beverages
• Automotive
• Electrical & Electronics
• Metal and Machinery
• Pharmaceuticals
• Others
Global Warehouse Robotics Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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