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ALBANY, N.Y, Sept. 14, 2020 /PRNewswire/ — Robotics has evolved greatly during these years and has been of prominent use across a variety of sectors. The warehouse industry is also witnessing a great flow of technology and robotics is one of them. Therefore, the growing influence of technology in the warehouse industry may invite extensive growth prospects for the warehouse robotics market.
The global warehouse robotics market is extrapolated to record a healthy CAGR of 12.0 percent during the assessment period of 2019-2027 and is also expected to reach a valuation of US$ 9,579.3 mn by the end of the forecast period according to the TMR analysts.
Ecommerce giants such as Amazon and Walmart are upgrading their warehousing technologies to facilitate the smooth functioning of the delivery mechanism. For instance, Walmart deployed warehouse automation in which robots are used for tracking inventory records and cleaning of warehouse floors. Similar advancements help in generating good growth for the warehouse robotics market.
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Warehouse Robotics Market: Key Revelations
Increasing demand for industrial robots from SMEs may aid the warehouse robotics market to acquire growth over the forecast period of 2019-2027
In terms of end-use, the eCommerce …
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