Overview and Scope
Industrial robots in warehousing and storage refer to automated robots, systems that are used in warehouses, and related services. Warehouse and storage robots perform various tasks and automate the warehouse process. Industrial robots in warehousing and storage are used to do tasks such as lifting and arranging heavy products that are to be stored in racks or given spaces.
Sizing and Forecast
The industrial robots(warehousing and storage robots) market size has grown rapidly in recent years. It will grow from <b>$6.48 billion in 2023 to $7.5 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. </b> 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 <b>$13.13 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. </b> 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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Segmentation & Regional Insights
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
<b>Asia-Pacific</b> was the largest region in the industrial robots market in 2023. <b>Western-Europe</b> 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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the industrial robots(warehousing and storage robots) market include <b> 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. </b>
The industrial robots (warehousing and storage robots) market report table of contents includes:
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. Global Industrial Robots (Warehousing and Storage Robots) Market Size and Growth
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26. South America Industrial Robots (Warehousing and Storage Robots) Market
27. Brazil Industrial Robots (Warehousing and Storage Robots) Market
28. Middle East Industrial Robots (Warehousing and Storage Robots) Market
29. Africa Industrial Robots (Warehousing and Storage Robots) Market
30. Industrial Robots (Warehousing and Storage Robots) Market Competitive Landscape And Company Profiles
Top Major Players:
- ABB Ltd
- Yaskawa Electric Corp
- KUKA AG (Keller und Knappich Augsburg)
- Fanuc Corp
- Mitsubishi Electric Corporation
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