Press release
Industrial Robots (Warehousing and Storage Robots) Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | ABB Ltd., Yaskawa Electric Corp, KUKA AG (Keller und Knappich Augsburg), Fanuc Corp., Mitsubishi Electric Corporation
Industrial Robots (Warehousing and Storage Robots) Market Size
The Business Research Company offers in-depth market insights through Industrial Robots (Warehousing and Storage Robots) Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The industrial robots(warehousing and storage robots) market size has grown rapidly in recent years. It will grow from $6.48 billion in 2023 to $7.5 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to e-commerce growth, labor shortages, automation and productivity, supply chain optimization, rising costs of labor, government support for automation and robotics.
The industrial robots(warehousing and storage robots) market size is expected to see rapid growth in the next few years. It will grow to $13.13 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to customization and scalability, environmental and sustainability goals, need to improve operational efficiency, need to meet the demands of modern supply chain dynamics. Major trends in the forecast period include advanced technology integration, robotic picking and packing, autonomous mobile robots, real-time data and analytics, ai-driven decision making, collaborative robots, advancements in robotic technology.
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Market Segmentation:
The main product types of industrial robots are mobile robots, articulated robots, cylindrical robots, scara robots, parallel robots, and cartesian robots. A mobile robot is a machine that is operated by software and uses sensors as well as other technology to identify and move about its surroundings. Mobile robots operate by combining artificial intelligence (AI) and physical robotic elements such as wheels, rails, and legs. The functions of industrial robots include pick and place, palletizing and de-palletizing, transportation, and packaging. The various applications involved are e-commerce, automotive, consumer electronics, food and beverage, healthcare, and other applications.
Major Driver - Accelerated Warehouse Operations Propel Growth In Industrial Robots Market
The accelerated movement of goods inside the warehouse drove the industrial robots in the warehouse and storage market. The increase in the movement of goods is due to the boom in the e-commerce industry and their commitment to shortest-time delivery. Industrial robots are used to speed up the process in the warehouse and storage industry. For instance, in 2022, Geodis signed an expanded agreement with Locus Robotics, an autonomous mobile robots (AMRs) supplier, to deploy 1,000 AMR robots at warehouses globally. The accelerated movement of goods inside the warehouse drove the industrial robots in the warehouse and storage market.
Competitive Landscape:
Major companies operating in the industrial robots(warehousing and storage robots) market include ABB Ltd., Yaskawa Electric Corp, KUKA AG (Keller und Knappich Augsburg), Fanuc Corp., Mitsubishi Electric Corporation, Amazon, Honeywell Intelligrated, Omron Corporation, Fetch Robotics Inc., Fanuc Corp, Bastian Solutions, Yamaha Robotics, Siemens AG., Locus Robotics, Daifuku Co. Ltd., Dematic, KNAPP AG, AGVE Group, BlueBotics SA, Clearpath Robotics, GreyOrange, IAM Robotics, inVia Robotics, Kardex Group, KION Group AG, Kiva Systems, Kollmorgen, Magazino GmbH, MiR (Mobile Industrial Robots), RightHand Robotics, SSI SCHAEFER, Swisslog Holding AG, Teradyne Inc., Vecna Robotics, Vanderlande Industries BV, Zebra Technologies Corp.
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Top Trend - Automation Revolutionizes Warehouse Picking Process For Faster E-Commerce Fulfillment
The picking process in the warehouse is increasingly being automated, with increased demand in the e-commerce industry, to reduce the pickup time of items. The automated robot gathers items and brings them to a central location, where an employee can fulfill orders quickly. For instance, Ocado, a British supermarket, started using a grid of picking robots in the warehouse that picks the ordered items and delivers them into crates, which are moved onto conveyors and carried to shelves where an employee picks the crate and delivers the order to the customer, helping to deliver the groceries fast.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Robots (Warehousing and Storage Robots) Market Characteristics
3. Industrial Robots (Warehousing and Storage Robots) Market Trends And Strategies
4. Industrial Robots (Warehousing and Storage Robots) Market - Macro Economic Scenario
5. Industrial Robots (Warehousing and Storage Robots) Market Size And Growth
…..
27. Industrial Robots (Warehousing and Storage Robots) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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