A Supply Chain Perspective
Global Warehouse Robotics Market
Warehouse Robotics market encompasses the deployment and maintenance of robots in the warehouse to perform tasks such as pick-place, packaging, transportation, packaging, and palletizing. According to the report published by Allied Market Research, the global warehouse robotics market was estimated at $2.44 billion in 2016 and is expected to hit $5.18 billion by 2023, garnering a CAGR of 11.6% from 2017 to 2023 [2]. The robots are helping with agile, accurate, reliable operations in the warehouse while increasing the warehouse storage space and operational efficiency. In the following sections, we will explore the driving forces for warehouse robotics adoption, the various costs associated with warehouse robots, and recommended best practices for seamless deployment of warehouse robots.