What is the Size of the Warehouse Robotics Market ? :
IMARC Group’s latest research report, titled “Warehouse Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global warehouse robotics market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.
Warehouse Robotics Market Uses:
Warehouse robotics involves the utilization of automated robots and specialized software to transport materials, conduct numerous operations, and standardize warehouse processes. It utilizes specialized machines and software solutions for lifting heavy loads and efficiently picking, placing, transporting packaging, and palletizing materials and products with enhanced accuracy. It aids in reducing pressures and encircling expenditures, minimizing redundant processes, and improving operational competencies. Besides this, it offers greater convenience to consumers by lowering overall business and operating costs while minimizing human errors in product deliveries. Some commonly used warehouse robotic systems include industrial robots, sortation, conveyors, autonomous mobile robots (AMR), and automated storage and retrieval systems (RS).
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Key Players Included in Global Warehouse Robotics Market Research Report:
Warehouse Robotics Market Development:
Significant growth in the e-commerce industry is driving the global market. Coupled with this, the rising demand for improved quality and reliability of warehouse operations is contributing to the demand. Moreover, the increasing adoption of warehouse robotics by small and medium-sized enterprises (SMEs) for improving operational efficiencies is further fuelling the demand. Besides, the rising integration of the internet of things (IoT), artificial intelligence (AI), and machine learning with warehouse robotics are acting as other growth-inducing factors. Furthermore, the increasing investments by several leading players in warehouse automation using scalable technological solutions are creating a positive market outlook. Other factors, including expanding retail sector, the introduction of sensor technologies, and extensive research and development (R&D) activities are projected to propel the market further.
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