The Business Research Company’s Industrial Robots (Warehousing and Storage Robots) Market Global Report 2020-30: Covid 19 Growth and Change. The report covers market size, key players, market share and trends to 2030.
Industrial Robots (Warehousing and Storage Robots) Market Global Report 2020-30: Covid 19 Growth and Change is one of a series of new reports from The Business Research Company that provide Industrial Robots (Warehousing and Storage Robots) market overviews, analyze and forecast market size and growth for the whole market, Industrial Robots (Warehousing and Storage Robots) market segments and geographies, Industrial Robots (Warehousing and Storage Robots) market trends, Industrial Robots (Warehousing and Storage Robots) market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The industrial robots (warehousing and storage) market consist of sales of the automated robots, systems which are used in warehouse 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 lift and arrange heavy products that are to be stored in racks or given spaces.
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The global industrial robots market is expected to decline from $3.39 billion in 2019 to $3.05 billion in 2020 at a compound annual growth rate (CAGR) of -10.0%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $4.66 billion in 2023 at CAGR of 15.23%.
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