Product ID: SQMIG20I2149
Report ID:
SQMIG20I2149 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
179 |
Figures:
79
Asia Pacific accounted for the largest revenue share in 2022 and is expected to maintain its dominance during the forecast period. The rising installation of warehouse robots in the region, together with the presence of major vendors such as Fanuc company, Yaskawa Electric Corporation, Singapore Technological Engineering Ltd., TOSHIBA CORP., and many others, has fueled market expansion. Furthermore, the region's continuing growth in the retail, production, and FMCG sectors is likely to generate lucrative growth possibilities for the market.
Latin America is expected to register the fastest growing CAGR between 2023 and 2030. The region offers tremendous growth possibilities due to significant expansion in the e-commerce business. The top corporations focus on entering new markets in order to add value to the market. For example, in July 2022, Geek+, an autonomous mobile robot (AMR) technology firm, established a partnership with Körber Supply Chain to expand throughout Latin America. Rising R&D investments are projected to provide the industry with appealing growth potential.
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Product ID: SQMIG20I2149