The global warehouse robotics market size is anticipated to reach USD 17, 292.1 million by 2030, exhibiting a CAGR of 19.6% over the forecast period. The expansion of the e-commerce industry, rising labor costs, and the need for greater efficiency and accuracy in warehouse operations fuel the growth of the market. Technologies like Virtual Reality (VR), Augmented Reality (AR), blockchain technology, Machine Learning (ML), and Artificial Intelligence (AI) are enhancing the shopping experience, leading companies to seek new methods to enhance operations and logistics while reducing delivery time and costs. The COVID-19 pandemic impacted the warehouse robotics industry substantially in terms of the demand for robotics and the supply chain of the robotics industry, however, the need for efficient and contactless order fulfillment and labor shortage due to lockdowns fueled the demand for robots and other automation tools in business operations.
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