A new market report was released that provides key statistics and information about the rapidly growing warehouse robotics industry. Warehouses in e-commerce are the leading drivers for the market, which is forecast to increase at 11.8% CAGR and will grow to $4.4 Billion dollars by 2022.
The report states:
"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, increasing adoption of warehouse robotics by small- and medium-sized enterprises (SMEs)."
IAM Robotics CEO - Tom Galluzzo says "The launch of our Swift mobile material handling robot in 2016 was a great milestone for warehouse automation technology. With the success of our pilots and partnerships forming with new customers for exciting applications, 2017 is poised to be a breakthrough year."
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To take a closer look a the new market report please click here