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Warehouse Robotics Market to Reach $4.44 Billion by 2022: Driven by Growing E-Commerce Industry & Demand for Enhanced Quality - Research and Markets

[February 27, 2017]

Warehouse Robotics Market to Reach $4.44 Billion by 2022: Driven by Growing E-Commerce Industry & Demand for Enhanced Quality - Research and Markets

Research and Markets has announced the addition of the "Warehouse Robotics Market by Type, Software, Function, Payload Capacity, Industry and Region - Global Forecast to 2022" report to their offering.

The warehouse robotics market is expected to grow at a CAGR of 11.8% between 2017 and 2022 and is expected to be valued at USD 4.44 billion by 2022.

The key driving factors for the growth of the warehouse robotics market are the growing e-commerce industry, need for enhanced quality and reliability in warehouse operations, active funding from venture capitalists for startup robotics companies, and increasing adoption of warehouse robotics by small- and medium-sized enterprises (SMEs). However, the major restraining factors for the growth of this market are high setup cost for warehouse robotic systems and lack of a skilled workforce.

The e-commerce industry is expected to hold the largest share of the overall warehouse robotics market in 2017. The e-commerce industry has been one of the major contributors to the growth of the warehouse robotics market. Rapidly changing customer demands, rise in online shpping, increasing demand for shorter delivery times, and fierce competition among online retailing companies has increased the demand for automated fulfillment centers.

The warehouse robotics market in Asia-Pacific (APAC) is expected to grow at a high rate between 2017 and 2022. Increasing trend of online retail shopping, growing number of startup companies developing mobile robots in India and China, and high attrition rate of warehouse workers are some of the key factors driving the growth of the warehouse robotics market in APAC.

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