WESTFORD, Mass., July 11, 2024 /PRNewswire/ -- According
to SkyQuest, the global Warehouse Robotics Market size
was valued at USD 5.39 billion in
2022 and is projected to grow from USD 6.10
billion in 2023 to USD 16.45
billion by 2031, exhibiting a CAGR of 13.2% during the
forecast period. (2024–2031).
Robotic technologies designed specifically for use in warehouses
are known as warehouse robotics. Labor shortages, a dearth of
skilled labor, and high demand for efficient warehousing solutions
are projected to be key factors driving warehouse robotics market
growth over the coming years. The rapid growth of the e-commerce
industry is also creating a high demand for warehouse
robotics. The global warehouse robotics market is segmented
into type, function, payload capacity, industry, and region.
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overview:
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Warehouse Robotics Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 6.10
Billion
|
Estimated Value by
2031
|
$ 16.45
Billion
|
Growth Rate
|
Poised to grow at a
CAGR of 13.2%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Type, Function, Payload
Capacity and Application
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Development of more
capable and functional warehouse robots remains prime focus of
market players
|
Key Market
Opportunities
|
e-Commerce industry
forecasted to boost sales of warehouse robotics
|
Key Market
Drivers
|
High use of warehouse
robotics for goods transportation application drives market
growth
|
Segments covered in Warehouse Robotics Market are as
follows:
- Type
- Autonomous Mobile Robots (AMRs), Automated Guided Vehicles
(AGVs), Articulated Robots, Cylindrical & SCARA Robots, COBOTS,
Others
- Function
- Pick & Place, Palletizing & De-palletizing,
Transportation, and Packaging
- Payload Capacity
- Less than 20kg, 20-100kg, 100-200kg, Greater than 200kg
- Application
- Automotive, Semiconductor & Electronics,
Chemical, E-Commerce & 3PL, Food & Beverage,
Healthcare, Metals & Heavy Machinery, others
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Automated Guided Vehicles Guiding Global Warehouse Robotics
Demand Outlook
Automated guided vehicles (AGVs) are responsible for
streamlining the movement of goods in a warehouse in the most
effective way possible thereby reducing the need for labor and
extra expenses. This warehouse robotics system employs advanced
technologies like artificial intelligence and machine vision to
determine the best paths, maximizing efficiency. These systems can
manage heavy loads and offer greater flexibility and scalability
than other warehouse robotics solutions.
Progress in robotics and the emergence of autonomous
technologies are expected to drive the demand for autonomous mobile
robots in the future. The increase in adoption of latest
technologies and the growing implementation of smart automation in
warehouses are augmenting the demand for autonomous mobile robots,
thereby promoting market growth in future.
E-Commerce Remains the Top Industry for Warehouse Robotics
Sales
Rapid digitization and the growing popularity of online sales
channels have led to robust growth in the e-commerce industry. A
high number of orders processed through e-commerce, growing demand
for faster deliveries, and increasing popularity of same-day
deliveries are all helping this sub-segment maintain a high market
share. The use of automated warehouses by e-commerce giants such as
Alibaba and Amazon are also estimated to create new opportunities
for warehouse robotics providers across the forecast period and
beyond.
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(TOC):
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Key Role of Warehouse Robotics Continues to be
Transportation.
Efficiently moving goods within a warehouse is essential for
their smooth operation. Consequently, companies specializing in
warehouse robotics are focusing on creating robots that enhance
transportation efficiency within warehouses. This also helps
warehousing companies reduce the need for transportation equipment
and skilled labor to operate the same. The growing adoption of
robotics and automation in the logistics industry is also helping
the transport function sub-segment to hold prominence in the global
warehouse robotics market.
The new warehouse robots are much more capable and functional
due to advancements in robotics technology. Pick and place robots
are projected to witness a robust hike in demand across the
forecast period as warehousing companies focus on resource
optimization and profit maximization. Pick and place robots are
vital in order fulfilment and replenishment as demand for same-day
delivery increases worldwide.
Warehouse robotics providers can invest in almost any segment to
get good returns but they should target the e-commerce industry if
they want to make it in this market. Warehouse robotics
companies should invest in the development of products with better
pick and place functionality to boost their sales in the future.
Integration of advanced technologies will be a key trend for
established as well as incoming warehouse robotics providers in the
long run.
Related Reports:
Robotics Market
Service Robotics Market
Delivery Robots Market
Warehouse Robotics Market
Smart Robots Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization have expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
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