Mobile robots are expected to show tremendous growth in the forecast period growing, with a CAGR of more than 14% in the region like Asia-Pacific and North America. Furthermore, growth and demand for the products are expected to show significant growth in regions like South America and the Middle East and Africa. According to surveys conducted by the Material Handling Institute, an industry trade association, the adoption of robotics in warehouses will rise by 50% or more over the next five years. The objective is automated orchestration, where a group of robots can move boxes and items in a seamless environment while being controlled by advanced software and artificial intelligence.

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Market Dynamics

The e-commerce boom has led to a substantial increase in order volume for retailers and fulfillment centers. Traditional manual processes struggle to keep up with the surge in demand, leading to challenges in timely order processing. Warehouse robotics addresses this challenge by automating various tasks, such as picking, sorting, and packing, allowing warehouses to handle larger order volumes efficiently.Amazon Robotics is a prime example of how the rising e-commerce industry has driven the adoption of warehouse robotics. Amazon's vast network of fulfillment centers relies heavily on robotic systems to handle the enormous orders it receives. The company utilizes thousands of robots collaborating with human workers to expedite order fulfillment and improve operational efficiency. For instance, in 2022, Amazon debuted a fully autonomous warehouse robot.

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Segment Analysis

The Global Warehouse Robotics Market is segmented based on type, function, end-user and region.Rising Demand For Streamline Workflow And Timely Handling Of Goods Pick & Place contributes more than 35% to the growth of the Global Warehouse Robotics Market for several reasons. The pick-and-place function is crucial in warehouse operations as it facilitates the movement of items within the facility. Whether it's picking products from shelves, bins, or conveyor belts or placing them in designated locations for storage, packaging, or shipping, the pick and place function streamlines the workflow and ensures accurate and timely handling of goods.

Competitive Landscape

The major global players include ABB Ltd, Fetch Robotics, Inc., Locus Robotics, Omron Corporation, Honeywell International Inc., Siemens AG, Fanuc Corp., Kuka AG, Yaskawa Electric Corp. and Yamaha Robotics.

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