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Industrial Robots (Warehousing And Storage Robots) Global Market Report 2024 - By Size, Report, Share, Demand, Forecast To 2033

01-19-2024 06:04 AM CET | Logistics & Transport

Press release from: The Business research company

Industrial Robots (Warehousing And Storage Robots) Global

The industrial robots market, specifically in warehousing and storage, has undergone a remarkable expansion, escalating from $6.48 billion in 2023 to a projected $7.5 billion in 2024, showcasing an outstanding Compound Annual Growth Rate (CAGR) of 15.6%. Forecasts indicate continued momentum, with an anticipated growth to $13.13 billion in 2028, reflecting a CAGR of 15.0%.

Accelerated Warehouse Operations Propel Growth In Industrial Robots Market
The surge in the movement of goods within warehouses has been a driving force for industrial robots, primarily fueled by the boom in the e-commerce industry. With a commitment to expedited deliveries, industrial robots play a pivotal role in speeding up processes within the warehouse and storage industry. An illustrative example is the agreement between Geodis and Locus Robotics in 2022, deploying 1,000 Autonomous Mobile Robots (AMRs) globally to enhance warehouse operations.

Increasing Investments In Warehouse Automation To Drive Market Growth
The growing investments in warehouse automation are set to propel the industrial robots' growth in the warehousing and storage market. Warehouse automation, incorporating advanced technologies, becomes a catalyst for optimizing various warehouse operations. Investments in this sector drive demand for advanced robotic solutions, enhancing efficiency, reducing operational costs, and overall warehouse productivity. Pioneering initiatives by companies like Amazon and Walmart underscore the industry's transformative journey.

Explore the Global Industrial Robots (Warehousing and Storage Robots) Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3121&type=smp

Automation Revolutionizes Warehouse Picking Process For Faster E-Commerce Fulfillment
The rise in demand from the e-commerce sector has led to the automation of the warehouse picking process, aimed at reducing item pickup times. Companies like Ocado employ grid-based picking robots, streamlining the order fulfillment process and ensuring speedy delivery of groceries to customers.

Advancements In Robotic Technology Reshaping The Warehousing Robots Market
Major players in the industrial robots market are actively innovating smart robotic technologies to gain a competitive edge. Smart warehouse robots, leveraging machine learning and advanced vision technologies, are revolutionizing internal processes and optimizing warehousing operations. Innovations such as Honeywell's Smart Flexible Depalletizer exemplify the industry's commitment to reducing manual labor, addressing labor shortages, and improving operational efficiency and safety in distribution centers.

Regional Insights and Market Segments
Asia-Pacific leads the industrial robots market, followed by Western Europe.

The industrial robots (warehousing and storage robots) market covered in this report is segmented -
1) By Product Type: Mobile Robots, Articulated Robots, Cylindrical Robots, SCARA Robots, Parallel Robots, Cartesian Robots
2) By Function: Pick And Place, Palletizing And De-palletizing, Transportation, Packaging
3) By Application: E-commerce, Automotive, Consumer Electronics, Food And Beverage, Healthcare, Other Applications

Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/industrial-robots-warehousing-and-storage-robots-global-market-report

Industrial Robots (Warehousing and Storage Robots) Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Industrial Robots (Warehousing and Storage Robots) Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on industrial robots (warehousing and storage robots) market size, industrial robots (warehousing and storage robots) market drivers and trends, industrial robots (warehousing and storage robots) market major players, competitors' revenues, industrial robots(warehousing and storage robots) market positioning, and industrial robots(warehousing and storage robots) market growth across geographies. The industrial robots (warehousing and storage robots) market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Smart Robots Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/smart-robots-global-market-report

Industrial Robots Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/industrial-robots-global-market-repor

Military Robots Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/military-robots-global-market-report

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About The Business Research Company
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