Analytics, Research & Consulting Warehouse Robotics Market - Page 4

Excerpts on Market Growth Factors  Rising labor costs amidst the ageing workforce, particularly in developed economies including North America and Western Europe, has boosted the installation of material handling systems market in warehouses.  Use of fixed robots is more in warehouses as they are more feasible for the warehouse applications. The market for these will be growing more rapidly compared to the mobile robots.  The robotics market will be growing for various applications. The revenue earned by the sale of fixed robots for warehousing is estimated to grow at a CAGR of 6.7% and will have revenue of $690.3 million by 2020.  As the retail Food and Beverage is the major patron for these robots, the revenue earned from it will be maximum, which can be around $179.9 million in the year 2020. The CAGR for revenue earning from this industry is projected to be 6.9%. Contact : sales@industryarc.com