Warehouse Robotics Market worth 4.44 Billion USD by 2022
According to the new market research report "Warehouse Robotics Market by Type (Mobile, Articulated, Cylindrical, SCARA, Parallel, Cartesian), Software, Function (Pick & Place, Palletizing & Depalletizing, Transportation, Packaging), Payload Capacity, Industry, and Region - Global Forecast to 2022", the warehouse robotics market is expected to be valued at USD 4.44 Billion by 2022, growing at a CAGR of 11.8% between 2017 and 2022. The factors that are driving the growth of this market include the growing e-commerce industry, need for efficient and reliable warehouse operations, active funding from venture capitalists, rising labor cost, and increasing adoption of warehouse robotics by small- and medium-sized enterprises (SMEs).
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