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Warehouse Robotics Market to Surpass $16.45 Billion by 2031 Amid E-Commerce Growth and Labor Shortage

WESTFORD, Mass., July 11, 2024 /PRNewswire/ — According to SkyQuest, the global warehouse robotics market has been valued at $5.39 billion in 2022 and is expected to increase from $6.10 billion in 2023 to $16.45 billion by 2031, showing 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, shortage of skilled labor, and high demand for efficient warehouse solutions are expected to be the key factors driving the growth of the warehouse robotics market in the coming years. The rapid growth of the e-commerce industry is also driving a high demand for warehouse robotics. The global warehouse robotics market is segmented into type, function, capacity, industry, and region.

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Warehouse Robotics Market Overview:

Report coverage

Details

Market revenues in 2023

$6.10 billion

Estimated value by 2031

$16.45 billion

Speed ​​of growth

Expected to grow at a CAGR of 13.2%

Forecast period

2024–2031

Forecast units

Value (USD billion)

Report coverage

Revenue Forecast, Competitive Landscape, Growth Drivers and Trends

Covered segments

Type, function, load capacity and application

Geographical areas covered

North America, Europe, Asia Pacific, Middle East and Africa, Latin America

The most important information in the report

The development of more efficient and functional warehouse robots remains the main goal of market participants

Key Market Opportunities

E-commerce industry is expected to increase sales of warehouse robotics

Key Market Drivers

High use of warehouse robotics in freight transport drives market growth


Segments covered
The warehouse robotics market is as follows:

  • Type
    • Autonomous Mobile Robots (AMR), Automatic Guided Vehicles (AGV), Articulated Robots, Cylindrical and SCARA Robots, COBOTS Robots and more
  • Function
    • Pick & Place, Palletizing and depalletizing, Transport and Packaging
  • Capacity
    • Less than 20 kg, 20-100 kg, 100-200 kg, Over 200 kg
  • App
    • Automotive, Semiconductors & Electronics, Chemicals, E-commerce & 3PL, Food & Beverage, Healthcare, Metals & Heavy Machinery, Other

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Automated Guided Vehicles Drive Global Demand Forecasts for Warehouse Robotics

Automated guided vehicles (AGVs) are responsible for streamlining the flow of goods in the warehouse in the most efficient way possible, thereby reducing the need for labor and additional expenses. This warehouse robotics system uses advanced technologies such as artificial intelligence and machine vision to determine the best paths, maximizing efficiency. These systems can handle large loads and offer greater flexibility and scalability than other warehouse robotics solutions.

The advancement in robotics and the emergence of autonomous technologies are expected to drive the demand for autonomous mobile robots in the future. The increasing adoption of the latest technologies and the increasing implementation of intelligent automation in warehouses are increasing the demand for autonomous mobile robots, thus promoting the growth of the market in the future.

E-commerce remains the leading industry in warehouse robotics sales

Rapid digitalization and growing popularity of online sales channels have led to solid growth in the e-commerce industry. High volume of orders processed via e-commerce, growing demand for faster deliveries, and growing popularity of same-day delivery are helping this sub-segment maintain a high market share. The adoption of automated warehouses by e-commerce giants such as Alibaba and Amazon is also expected to create new opportunities for warehouse robotics vendors throughout the forecast period and beyond.

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The key role of warehouse robotics is still transportation.

The efficient movement of goods within a warehouse is essential for its smooth operation. As such, companies specializing in warehouse robotics are focusing on creating robots that increase the efficiency of transport within warehouses. This also helps warehouse companies reduce the demand for transport equipment and skilled labor to operate it. The growing adoption of robotics and automation in the logistics industry is also helping the transport function sub-segment maintain its position in the global warehouse robotics market.

New warehouse robots are much more efficient and functional due to advances in robotics technology. Pick and place robots are expected to see a significant increase in demand during the forecast period as warehouse companies focus on resource optimization and profit maximization. Pick and place robots are essential for order fulfillment and inventory 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 focus on e-commerce if they want to succeed in this market. Warehouse robotics companies should invest in developing products with better pick and place functionality to increase sales in the future. Integration of advanced technologies will be a key trend for established and new warehouse robotics providers in the long run.

Related reports:

Robotics Market

Service Robotics Market

Delivery Robot Market

Warehouse Robotics Market

The Smart Robot Market

About us:

SkyQuest is an IP-focused Research and Investment Bank and Technology and Asset Accelerator. We provide access to technology, markets and finance across sectors including Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovators, entrepreneurs, companies and investors, leveraging external sources of research and development. We also help them optimize the economic potential of their intellectual assets. Our experience in innovation management and commercialization has broadened our reach in North America, EuropeASEAN and Asia and Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 The Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email address: [email protected]
Visit our website: https://www.skyquestt.com/

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