Press release
Industrial Robots (Warehousing and Storage Robots) Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Industrial Robots (Warehousing and Storage Robots) Global Market Size
Rapid expansion has been observed in the market size of industrial robots, particularly those used in warehousing and storage, in recent times. The market, which is predicted to escalate from $7.51 billion in 2024 to $8.68 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 15.6%. Factors like industrialization, regulations pertaining to food safety, cold chain logistics, and environmental concerns have contributed significantly to the market growth during the historic period.
The market for industrial robots, specifically those used in warehousing and storage, is projected to expand rapidly in the forthcoming years. The market value is expected to reach $15.13 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 14.9%. This projected growth in the anticipated period can be attributed to factors such as population growth, the expansion of the retail and e-commerce sectors, heightened demand for process cooling, pharmaceuticals and biotech cold storage, and a surge in the retrofit and replacement market. Notable trends during this forecast period include technological innovation, environmentally friendly refrigerants, Internet of Things (IoT) and smart refrigeration, cold chain efficiency, modular and scalable solutions, and hybrid refrigeration systems.
What Key Elements Are Boosting Growth in the Industrial Robots (Warehousing and Storage Robots) Market?
The rapid transportation of items within the warehouse has fueled the use of industrial robots in the warehouse and storage market. The reason for this rise in goods movement is the tremendous growth in the e-commerce sector and their pledge to deliver in the quickest possible time. Industrial robots are employed to increase the efficiency within the warehouse and storage sector. For instance, Geodis inked an extensive agreement with Locus Robotics, a provider of autonomous mobile robots (AMRs), to roll out 1,000 AMR robots in warehouses around the world in 2022. Furthermore, the International Federation of Robotics, a non-profit organization based in Germany, reported in September 2023 that there were 553,052 industrial robot installations in factories worldwide, showing a 5% growth rate year-on-year in 2022. Therefore, the quickened movement of goods within the warehouse spurred the growth of industrial robots in the warehouse and storage market.
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Who Are the Major Industry Players Fueling Industrial Robots (Warehousing and Storage Robots) Market Expansion?
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.
Which Key Developments Are Influencing the Industrial Robots (Warehousing and Storage Robots) Market?
Key corporations in the warehousing and storage market segment of industrial robots are prioritizing innovative solutions, including autonomous warehouse robotics systems. These systems dramatically improve warehouse efficiency and productivity by using advanced automation technologies. An autonomous warehouse robotics system employs mechanical robots that can execute various warehouse tasks such as picking, packing, and moving goods, with negligible or zero human interference, thus boosting operational effectiveness and productivity. For instance, in March 2024, LG Electronics, a consumer electronics firm based in South Korea, introduced the LG CLOi CarryBot. This autonomous mobile robot, aimed at enhancing warehouse operations, streamlines material handling and boosts efficiency. The robot is equipped with advanced autonomous navigation, compatibility with warehouse management systems, and a high operating time due to autonomous dock charging capabilities. The robot is particularly impactful because it ensures meticulously accurate, reliable delivery, reduces physical pressure on employees, and improves overall warehouse productivity.
How Is the Segmentation of the Industrial Robots (Warehousing and Storage Robots) Market Defined?
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
Subsegments:
1) By Mobile Robots: Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs)
2) By Articulated Robots: 6-Axis Robots, 7-Axis Robots, 5-Axis Robots
3) By Cylindrical Robots: Single-Axis Cylindrical Robots, Multi-Axis Cylindrical Robots
4) By SCARA Robots: 4-Axis SCARA Robots, 5-Axis SCARA Robots
5) By Parallel Robots: Delta Robots, Hexapod Robots
6) By Cartesian Robots: Linear Cartesian Robots, Gantry Robots
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What Is the Leading Region in the Industrial Robots (Warehousing and Storage Robots) Market?
Asia-Pacific was the largest region in the industrial robots market in 2023. Western-Europe was the second-largest region in the global industrial robots market. The regions covered in the industrial robots(warehousing and storage robots) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Industrial Robots (Warehousing and Storage Robots) Global Market Report?
- Market Size Analysis: Analyze the Industrial Robots (Warehousing and Storage Robots) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Robots (Warehousing and Storage Robots) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Robots (Warehousing and Storage Robots) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Robots (Warehousing and Storage Robots) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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