Warehouse Robots Market – Growth, Trends, Forecasts (2020 – 2030)
Robots have always played a prominent role in movies, television, and children’s games, but now they are moving into a new arena, warehouses. Warehouse robots market appeared, which will change the way companies deal, and in the past, robots were used in warehouses already, but only in repetitive tasks such as assembling products, but with technological progress there has become a warehouse robots market, in which robots will cooperate with humans and in Some cases work completely independently of them, and in this article we will show you Warehouse Robots Market – Growth, Trends, Forecasts (2020 – 2030).
What is Warehouse Robots Market?
Warehouse Robots Market is that market in which robots in warehouses are used to automate various warehouse functions, such as transportation, picking, assembling, packaging, palletizing and removing pallets.
Also, will operate efficiently by reducing the need for human intervention and increasing the efficiency of warehouse operations. through an inventory management system that has its own.
Warehouse Robots Market was first adopted by Amazon, which used Kiva systems and acquired a number of warehouse robots.
This enabled them to quickly complete warehouse tasks, helping to select items two or three times faster than filling orders manually.
Warehouse Robots Market Overview
Also, the warehouse robots market is expected to grow exponentially, and the market is expected to reach over US$9 billion by 2026.
This means that the global warehouse robots market size is expected to have a compound annual growth rate of 14%.
and we find that if the warehouse robots market system were to be implemented and implemented on a larger scale, this would lead to retailers reducing implementation costs by $450 million to $900 million.
Robot technology also allows the ability to shorten the workforce required to process 12,000 electronic requests with 50 workers, compared to more than 450 workers needed by a traditional center or warehouse that does not use robots.
Warehouse Robots Market Challenges
As for the challenges faced by warehouse robots market, most of them are related to cyber security, as Industry 4.0 links all production processes to the outside world, and those related processes are exposed to many cyber security risks that are increasing in the recent period.
Thus, bots will become clearly vulnerable if they are not paired with updated software, and inadequate network management can cause industrial espionage or install malware that causes automated attacks that harm bots.
All of this will negatively impact security, data privacy, technology, infrastructure, process upgrades and interoperability.
Another challenge facing Warehouse Robots Market is the high initial financial investment, along with a shortage of skilled labor that can make the best use of these robots.
Warehouse Automation Market
Speaking of Warehouse Automation Market, by 2027 it is expected to reach more than $6 billion in revenue, which equates to a compound annual growth rate of more than 11%, according to the Market Research Future (MRFR) report.
There will also be an increased need for a warehouse labor Market due to the spread of automation technologies in warehouses, which will consequently enhance market growth during that period.
Robots will significantly reduce manual labor, and with the increased use of customers for online shopping, e-commerce owners need to manage their inventory control more effectively, and this is what warehouse robots can provide.
