EUROPE WAREHOUSE ROBOTICS MARKET IS PREDICTED TO REACH USD 9.79 BILLION BY 2033: SPER Market Research
Warehouse robotics is the use of robotics to warehouse operations such as transshipment, packaging, and storage. These robots are capable of performing a wide range of tasks either alone or in conjunction with operators.
According to SPER market research, ‘Europe Warehouse Robotics Market Size- By Type, By Function, By End User, By Deployment – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Europe Warehouse Robotics Market is predicted to reach USD 9.79 Billion by 2033 with a CAGR of 15%.
The European warehouse robotics market, which is at the forefront of industrial automation, provides better warehouse management, reduced costs, and more production. Warehouse robots, combined with Industry 4.0 approaches, continuous robotics technology advancements, and a focus on flexible and scalable solutions, will continue to transform the logistics industry. Businesses are looking to automation and robotics technologies to meet the growing demand for e-commerce and to address labor shortages. As a result, the Europe Warehouse Robotics market is anticipated to grow significantly over the next several years. Industry players may take advantage of market opportunities and help to shape the future of logistics and storage in Europe by embracing innovation, sustainability, and teamwork.
The need for operational efficiency, the growing acceptance of e-commerce, and technological breakthroughs in robots all point to a bright future for the European warehouse robotics business. Warehouse robotics will be crucial to achieving the goals of warehouse operators, who want to improve customer happiness and optimise operations.
Market Restraints:
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COVID Impact: The COVID-19 pandemic had a substantial effect on the European continent. When it came to the total number of afflicted patients, nations like as Germany, France, Italy, and the United Kingdom were largely impacted. The warehouse industry, already burdened by high labour costs, turned its attention to automation and robotic solutions as some European countries implemented tight lockdown measures. This was carried out to guarantee adherence to legal requirements and to effectively carry on business activities. Since robots has shown to be very advantageous, this trend is anticipated to continue, propelling the growth of the studied market throughout the forecast period.
Because of the expansion of the e-commerce industry, the United Kingdom leads the Europe Warehouse Robotics Market. According to industry estimates, the nation accounted for over 30% of all e-commerce spending in 2022, with Germany coming in second. The nation’s e-commerce sector is expanding as a result of the increased internet penetration rate and the concentrated presence of significant e-commerce platforms such as Tesco, Amazon, and Asos. This in turn is fueling the need for warehouse automation.
Additionally, some of the market key players are ABB Ltd, BEUMER Group GmbH & Co. KG, Kardex AG, KNAPP AG, KION Group AG, KUKA AG, Others.
For More Information, refer to below link: –
Europe Warehouse Robotics Market Demand
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