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Warehouse Robotics Market Trends

Report ID: GMI5669
Published Date: May 2023
Report Format: PDF

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Warehouse Robotics Market Trends

Warehouse robotics industry expansion is being driven by the increased use of the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), and other similar technologies, which are already impacting the stock market. The demand for custom solutions for employee monitoring, warehouse operations, and inventory management has increased over the past decade. Therefore, software professionals are constantly trying to bring new features to their software solutions. The e-commerce industry is constantly growing due to the advancements in technology, thus offering wide product availability & selection through websites. Virtual Reality (VR), Augmented Reality (AR), blockchain, ML, and AI are some of the technologies that enable market players to develop advanced products.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Market size for warehouse robotics was over USD 6.5 billion in 2022 and will observe over 10% CAGR of from 2023-2032 due to rapid growth in e-commerce & retail sector worldwide.

Warehouse robotics market share from the software component segment will showcase over 15% CAGR from 2023-2032 owing to surging preference for robotics for increasing efficiency and reducing logistics costs.

Asia Pacific accounted for over 35% of the warehouse robotics industry size in 2022 driven by the strong presence of major players in the region.

ABB, Bastian Solutions LLC, Daifuku Co.Ltd., Dematic, Fetch Robotics Inc., Honeywell International Inc., KNAPP AG, KUKA AG, OMRON Corporation, YASKAWA Electric Corporation, and FANUC Corporation are some of the key warehouse robotics industry players.