Press release
Robots, next step in warehouse automation
Warehouse Robotics Market: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global warehouse robotics market was valued at $2,442 million in 2016 and is expected to reach $5,186 million by 2023, to grow at a CAGR of 11.6%. E-commerce as an industry vertical is expected to dominate the global warehouse robotics market from 2017 to 2023. North America dominated the global warehouse robotics market with 33% share in 2016.Warehouse robotics involves the deployment of robotics in warehouses to perform various functions such as, pick-placing, packaging, transportation, packaging, and palletizing.
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The integration of warehouse and robotics technology ensures accuracy and facilitates automation apart from increasing the storage space and operation efficiency of warehouses. The global warehouse robotics market is driven by the growing demand for automation due to the intense competition in e-commerce sector, rise in the number of stock-keeping units, and advancements in technology. However, factors such as initial higher costs related to training & deployment, lack of awareness, threat of job displacement, and difficulty in interacting with robots for some end users hamper the market growth.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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