Global Industrial Robots (Warehousing and Storage Robots) Market Report 2022 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Industrial Robots (Warehousing and Storage Robots) Global Market Report 2022” has been added to from ResearchAndMarkets.com offer.

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 reach $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.

Industrial robots in the warehousing and storage market consists of the sale of automated robots, systems used in warehouses, and related services. Warehouse and storage robots perform various tasks, automate warehouse process. Industrial robots in warehousing and storage are used to perform tasks such as lifting and putting away heavy products that need to be stored in given racks or spaces.

The main types of industrial robot products are mobile robots, articulated robots, cylindrical robots, scara robots, parallel robots and Cartesian robots. A mobile robot is a machine that is controlled by software and uses sensors and other technologies to identify and navigate its environment.

Mobile robots work 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 depalletizing, transport 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 robot market in 2021. Western Europe was the second largest region in the industrial robot market. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The accelerated movement of goods inside the warehouse has pushed industrial robots into the warehouse and storage market. The increase in the movement of goods is due to the rise of the e-commerce industry and their commitment to timely delivery. Industrial robots are used to speed up the process in the warehouse and storage industry.

For example, Shopify started using warehouse robots in 2019 to reduce the delay in the movement of goods in the warehouse, thereby increasing the speed of delivery. The accelerated movement of goods inside the warehouse has pushed industrial robots into the warehouse and storage market.

The high cost of industrial robots is limiting the market growth. Industrial robots are capital intensive due to the use of latest technology and sensors to operate efficiently and have to support the weights. The cost of setting up a warehouse of 50 to 100 robots costs between 2 and 4 million dollars, which is a high investment. This high cost of robots hinders the easy adoption of industrial robots, limiting the market growth.

The picking process in the warehouse is becoming more and more automated with increased demand in the e-commerce industry, to reduce the picking time of items. The automated robot gathers items and brings them to a central location, where an employee can fulfill orders quickly.

For example, Ocado, a UK supermarket, has started using a grid of picking robots in the warehouse that picks ordered items and delivers them to boxes, which are moved on conveyors and transported to shelves where an employee selects checkout and deliver the order to the customer helping to deliver groceries quickly.

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Main topics covered:

1. Summary

2. Features of the Industrial Robots Market

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 historical industrial robot market, 2016-2021, billion USD

5.1.1. Market Drivers

5.1.2. Market Constraints

5.2. Global Industrial Robot Market Forecast, 2021-2026F, 2031F, Billion USD

5.2.1. Market Drivers

5.2.2. Market Constraints

6. Industrial Robots Market Segmentation

6.1. Global Industrial Robots Market, Segmentation by Product Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

  • Articulated robots

  • Linear robots

  • Cylindrical robots

  • Parallel robots

  • Scara robots

  • Other types of products

6.2. Global Industrial Robots Market, Segmentation by End User Industry, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

  • Automotive

  • Electrical And Electronic

  • Health & Pharmaceutical

  • Food and drinks

  • Rubber and plastics

  • Metals and machinery

  • Other End User Industries

6.3. Global Industrial Robots Market, Segmentation by Application, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

  • Pick and Plane

  • Handle and weld

  • Material handling

  • Assembly

  • Cutting and processing

  • Other Apps

7. Regional and Country Analysis of the Industrial Robots Market

7.1. Global Industrial Robots Market, Split by Region, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

7.2. Global Industrial Robots Market, Split by Country, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

Companies cited

  • ABB

  • Amazon

  • Yaskawa Electric Corp.

  • Honeywell Intelligent

  • Omron Company

  • Fetch Robotics, Inc.

  • Fanuc Corp.

  • Bastien Solutions

  • Yamaha Robotics

  • Siemens SA.

  • Robotics Locus

  • Daifuku Co., Ltd.

  • Dematic

  • KNAPP AG

For more information about this report visit https://www.researchandmarkets.com/r/f43ooh

Mavis R. Bernier