DUBLIN--(BUSINESS WIRE)--The "Industrial Robots (Warehousing and Storage Robots) Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
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%.
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 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.
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Key Topics Covered:
1. Executive Summary
2. Industrial Robots Market Characteristics
3. Industrial Robots Market Trends And Strategies
4. Impact Of COVID-19 On Industrial Robots
5. Industrial Robots Market Size And Growth
5.1. Global Industrial Robots Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Industrial Robots Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Industrial Robots Market Segmentation
6.1. Global Industrial Robots Market, Segmentation By Product Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Articulated Robots
- Linear Robots
- Cylindrical Robots
- Parallel Robots
- Scara Robots
- Other Product Types
6.2. Global Industrial Robots Market, Segmentation By End-User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Automotive
- Electrical And Electronics
- Healthcare & Pharmaceuticals
- Food & Beverages
- Rubber & Plastics
- Metals & Machinery
- Other End-User Industries
6.3. Global Industrial Robots Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Pick And Plane
- Wielding And Soldering
- Material Handling
- Assembling
- Cutting And Processing
- Other Applications
7. Industrial Robots Market Regional And Country Analysis
7.1. Global Industrial Robots Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Industrial Robots Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
- ABB
- Amazon
- Yaskawa Electric Corp.
- Honeywell Intelligrated
- Omron Corporation
- Fetch Robotics, Inc.
- Fanuc Corp.
- Bastian Solutions
- Yamaha Robotics
- Siemens AG.
- Locus Robotics
- Daifuku Co., Ltd.
- Dematic
- KNAPP AG
For more information about this report visit https://www.researchandmarkets.com/r/f43ooh
