Warehouse Robotics Market for AMRs to Dominate, Exhibit Highest CAGR during Forecast Period
The increasing preference for e-commerce shopping platforms & the growing need for enhancing the efficiency of warehouses have led companies to focus on automation of operations. The increasing affordability and return on investment (ROI) are expected to drive the growth of the market. When it comes to analyzing your market, never forget about robotics. The warehouse AMRs, you’ll find not only the high growth of the industry, but also popular companies in the space.
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The warehouse robotics market revenue was accounted for USD 4.7 Billion in 2021 and is projected to reach USD 9.1 Billion by 2026, at a CAGR of 14.0% during the forecast period.
What Is the Warehouse Robotics Market for AMRs?
Warehouse robotics market for AMRs is expected to grow at a high CAGR during the forecast period 2021-2026.
The reason for this growth is not only because of the adoption of such technologies in warehouses but also because they are becoming cost-effective. Moreover, their use in warehouse networks can help improve efficiency and accuracy in the handling and storage of goods.
Major players operating in this market include ABB (Switzerland), KUKA (Germany), KION GROUP (Germany), Daifuku (Japan), and FANUC (Japan).
AMR Demographics
There is a significant growth in the use of robotics for warehousing across the globe. This is owing to the exponential growth in e-commerce and the need to manage inventory securely and efficiently.
The major drivers of this market are the increasing demand from e-commerce players for faster and more accurate warehouse operations; growing adoption of AI and machine learning algorithms in warehouses; increase in availability of scalable computing platforms; increasing investments by key players in this market; and prevalence of industrial automation solutions across different end-user industries.
Robotic warehousing has been gaining popularity in recent years as it provides many advantages over traditional methods of warehouse management. Some notable advantages include faster inventory turns, reduced floor space requirements, and improved automation.
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