WAREHOUSE ROBOTICS MARKET ANALYSIS

Warehouse Robotics Market, By Type (Industrial Robots, Sortation Systems, Conveyors, Palletizers, Automated Storage and Retrieval System, and Mobile Robots), By Function (Storage , Packaging, Trans-shipments, and Other Functions), By End User (Food and Beverage, Automotive, Retail, Electrical and Electronics, Pharmaceutical, and Other End Users), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

In March 2023, LexxPluss, a Japan-based startup specializing in autonomous mobile robots for warehouses and logistics, revealed plans to enter the US market. The company secured approximately $10.7 million in Series A funding led by Drone Fund and SOSV's HAX, Incubate Fund, SBI Investment, and DBJ Capital.
In February 2023, KION Group entered a strategic partnership with Li-Cycle Holdings Corp., a leader in lithium-ion battery resource recovery. This partnership focuses on environment-friendly recycling of lithium-ion batteries used in KION Group's electric industrial trucks and automated warehouse logistics solutions.
In December 2022, ABB Ltd., a global leader in robotics, inaugurated an advanced robotics factory in Shanghai in December 2022. This facility utilizes AI, digital connectivity, and software to enhance robot functionality. The integration of AI allows robots to perform intricate tasks with precision and adaptability. These robots can learn from their operations and surroundings, optimizing performance and productivity for more flexible and responsive manufacturing processes.
In June 2022, Amazon.com Inc. introduced new warehouse robots, Proteus and Cardinal, designed to enhance the efficiency of its fulfillment centers. These systems were developed to support the processing of e-commerce packages, contributing to streamlined warehouse operations.