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Beijing has opened the world’s first robot store, named the Robot Mall, featuring over 50 robots across seven categories. The store launched yesterday, showcasing robots like dogs and butlers, with prices ranging from 2,000 yuan ($278) to several million yuan. This initiative is part of China’s push to commercialize advanced robotics, having allocated over $20 billion in subsidies to the robotics sector last year.
The global robotics market is projected to quadruple from $74 billion to $287 billion by 2032, reflecting a compound annual growth rate of 18.4%, according to Markets Research Future. This growth is anticipated to affect various industries, including logistics, retail, agriculture, and construction.
Amazon has significantly contributed to the robotics boom, with over one million robots deployed in its warehouses. These robots facilitate inventory movement and sorting, reducing the need for human labor in repetitive tasks. Amazon is also developing advanced robotics capabilities in dedicated facilities, with the aim to streamline its logistics further.
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