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Warehouse Robotics Market Expected to Reach $31,343.7 Million by 2032

 
2022
Warehouse Robotics Market

Report Code : A01902

quote By incorporating state-of-the-art technology, businesses can boost efficiency, alleviate pressure on warehouse teams, and establish a more gratifying work atmosphere. Consequently, this enables them to attract and retain skilled individuals while optimizing their operations for postal and e-commerce fulfillment. A prime illustration of this is the utilization of automated sorting and over-labelling technology within parcel distribution centers, which proves highly effective in addressing labor shortages during peak periods. quote

Sonia Mutreja - Manager
Construction and Manufacturing at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Warehouse Robotics Market," The warehouse robotics market size is $7,069.1 Million in 2023, and is estimated to reach $31,343.7 Million by 2032, growing at a CAGR of 18.2% from 2024 to 2032.

In order to optimize logistics processes and effectively manage a high volume of orders, e-commerce companies are increasingly relying on robotics. One of the solution is the labor shortage is the use of robotic warehouse employees. The need for warehouse automation and robotics is growing as e-commerce become more popular. Improved supply chain management, lower labor costs, and increased productivity are goals shared by many industries. Robots are more powerful, adaptable, and affordable with continuous enhancements to developments in robotics, artificial intelligence, machine learning, and sensor technologies.  But because there aren't enough qualified individuals in the logistics and storage sectors, it's still difficult to find and keep qualified workers in multiple locations.

Furthermore, the utilization of autonomous mobile robots has surge a rapid increase in warehouse robotics market share. The storage industry has been impacted by the rise of e-commerce, leading to a need for faster and more efficient order fulfillment processes owing to the rise in online purchases. Robots can navigate dynamically around warehouse environments without the need for stationary infrastructure including rails or cables, owing to advanced sensors such as LiDAR and cameras. For instance, the utilization of robots for efficient goods transportation and warehouse management has outperformed all other applications in the market. Warehouse robotics market statistics for instance, In 2022, sales surged by 44%, totaling over 86,000 units sold. Notably, the significant 78% rise in sales of robots tailored for collaborative indoor settings, with sales nearing 37,300 units such factors boost warehouse robotics market growth.

Artificial intelligence, machine learning and computer vision are among the practices that have contributed highly to the field of warehouse robotics' achievement. Order picking and packaging robots are among the most popular types of robots in warehouse. To speed up order processing and enable easier movement of goods in their fulfillment centers, companies such as Amazon have implemented sizable robot fleets. Because cobots are made to safely work alongside human employees, they are also becoming more and more common in warehouse environments.

Autonomously guided vehicles are autonomous robots that can move throughout warehouses with sensors and navigational systems. In addition to loading and unloading cars, they are frequently utilized for inventory replenishment and item transportation between storage facilities. Similarities exist between AMRs and AGVs, but AMRs provide higher levels of autonomy. Due to their lack of reliance on fixed infrastructure like rails or cables, AMRs are more adaptable to changing environments and can avoid obstacles than AGVs. Order picking and other dynamic warehouse operations, such as removing goods from shelves or bins, commonly involve the use of AMRs. These robots efficiently recognize and manipulate objects by utilizing a range of grasping mechanisms, computer vision, and machine learning algorithms. To complete orders, picking robots are necessary.

The rapid growth of e-commerce has led to a surge in demand for efficient order fulfillment and logistics operations. Warehouse robotics enable faster and more accurate picking, packing, and shipping of goods, helping companies meet the expectations of today's consumers for speedy delivery.

Key Findings of The Study

  • The report provides an extensive analysis of the current and emerging global warehouse robotics market trends and dynamics.
  • Depending on type, the articulated robotic arm segment has dominated the warehouse robotics market, in terms of revenue in 2023 and articulated robotic arm segment is projected to grow at a significant CAGR during the warehouse robotics market forecast period.
  • By end user, the North America segment has registered highest revenue in 2023.
  • By operation, assembling and dissembling segment has registered highest revenue in 2023.
  • North America region is projected to register the highest growth rate in the coming years.
  • The key players within the global warehouse robotics market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the warehouse robotics industry.
  • The report provides an extensive analysis of the current trends and emerging opportunities of the market.
  • In-depth global warehouse robotics market analysis is conducted by constructing estimations for the key segments between 2023 and 2032.

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quote Warehouse Robotics Market by Type (Automated Guided Vehicles (AGVS), Articulated Robotic Arms, Collaborative RobotsĀ , SCARA Robots, Others), by Operation (Pick and Place, Assembling and Dissembling, Packaging), by End User (Food and Beverage, Electronics and Electrical, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2024-2032 quote

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