Growing trend of industrialization and the introduction of industry 4.0 is expected to drive the market. Against this backdrop, the market valuation is anticipated to reach over US$ 9.5 Bn in 2032.
Asia Pacific warehouse robotics market is projected to surge at a 15.2% CAGR over the assessment period, estimates FMI. Growing trend of online retail in countries such as India and China is expected to boost the market in the forthcoming years.
Further, numerous start-ups in China are developing mobile warehouse robotics to comply with the growing need for warehouse management. Increasing investments by venture capitalists, along with government support in the implementation of warehouse robotics are some factors that will fuel sales.
The robots could be effectively used to lift heavy loads, efficiently carry out placing, picking, packaging, transportation, and palletizing. Specialized software solutions are needed for watching over warehouse operations, employees, and inventory flow.
IT professionals are engaged on continuous basis in upgradation of the software solutions with extra functionalities. A WMS (Warehouse Management System) is implemented by several companies. It could properly integrate ERP, labor management, and inventory management.
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The warehousing industry is also witnessing prominence of cobots (collaborative robots) as they have been designed for enhancing security and also simplifying HMI (Human Machine Interface). Machine Learning has accorded a higher level of intelligence to cobots, which is actually facilitating smooth rides with warehouses after seeing them getting done by operator even once. Mobile robots and cartesian robots are the other robots being preferred for performing warehouse operations like unloading and loading, placing and picking, and material handling.
However, dearth of skilled professionals coupled with higher costs related to deployment and training is the restraint that warehouse robotics market is subject to. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Warehouse Robotics Market’.
Key Takeaways from Warehouse Robotics Market
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Competitive Analysis
“With growing demand for automation in the wake of an excessive demand for netter production quality and safety, the warehouse robotics market is expected to grow unabated in the near future”, says an analyst from Future Market Insights.
What’s more with Warehouse Robotics Market?
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Nov 13, 2022