Reliable Data You Can Trust
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A recent report published study by Infinium Global Research on the GCC warehouse robotics market provides an in-depth analysis of segments and sub-segments in the GCC as well as regional GCC warehouse robotics market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC and regional GCC warehouse robotics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the GCC warehouse robotics market. According to the report, the GCC warehouse robotics market is projected to grow at a healthy CAGR over the forecast period of 2021-2027.
Warehouse robotics technology gaining lots of traction due to its significant emergence in various industries such as food and beverage, industrial goods, automotive, consumer electronics, healthcare, and many other industries. Furthermore, key manufacturers operating in the GCC warehouse robotics market are strongly focusing on research and development activities for product innovations.
The factor such as growing inclination towards quality and safety production, coupled with the high penetration rate of industrial automation in warehouses across the region drives the demand for the GCC warehouse robotics market over the forecast period. Moreover, the automated system plays a vital role in warehousing operations such as packaging, receiving, and storing saves time, labor resources, and provides an augmented performance. The integration of warehouse robotic technology has incredible potential to help operations become more accurate, more efficient, and more productive, thereby, increased the demand of the warehouse robotics market. Furthermore, the growing demand for warehouse robotics from various industry verticals is likely to enhance market growth. However, the high initial investment for setup and lack of awareness are hampering the market growth of the warehouse robotics market. The COVID-19 pandemic reached GCC countries with a slight delay compared to other countries. However, things worsened quickly and by the end of March, the number of COVID-19 cases was rising at an alarming pace. The COVID-19 epidemic has positively impacted the growth of the warehouse robotics market. The majority of the population is quarantined at home in the wake of the pandemic and search engines are offering numerous interactive games on their homepage in an attempt to lure users.
Geographically, Saudi Arabia holds the largest market share in the GCC warehouse robotics market. The country is developing in terms of e-commerce and is the number one market in the GCC in terms of growth and size. According to the Jeddah Chamber of Commerce and Industry, the average e-commerce revenues in the Kingdom amounted to $4.930 billion during the year 2019. Developments in warehouse robotics technology, including drones, droids, and automated fulfillment centers, will increase both the speed and handling capacity of logistic providers. In the UAE, Logistics providers are seeing an opportunity, being fuelled by the growth of a rapid shift to online buying.
The report on GCC warehouse robotics market covers segments such as type, and application. On the basis of type, the sub-markets include gantry robots, fixed robots, mobile robots, and stationery articulated robots. On the basis of application, the sub-markets include e-commerce, food & beverage, packaging, automotive, consumer electronics, and healthcare.
The report provides profiles of the companies in the market such as ABB Limited, KUKA Aktiengesellschaft (KUKA), Yaskawa Motoman, Singapore technologies Engineering Ltd., Fanuc Corporation, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of GCC warehouse robotics market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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