The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Industrial Robots (Warehousing And Storage Robots) Global Market Report 2024, the industrial robots (warehousing and storage robots) market is expected to show significant growth in the forecast period.

The industrial robots market, particularly in warehousing and storage, has been experiencing a meteoric rise, escalating from $6.48 billion in 2023 to a projected $7.5 billion in 2024, marking a formidable compound annual growth rate (CAGR) of 15.6%. This surge can be attributed to factors such as the exponential growth of e-commerce, labor shortages, increased emphasis on automation and productivity, supply chain optimization, and the escalating costs of labor, further fueled by government support for automation and robotics.

Anticipating Sustained Growth: Projections and Key Drivers

1. Projected Growth: The market is poised for continued expansion, reaching an estimated $13.13 billion in 2028, driven by a projected CAGR of 15.0%.
2. Drivers for Growth:
   • Customization and scalability
   • Environmental and sustainability goals
   • Operational efficiency improvement
   • Meeting the demands of modern supply chain dynamics
3. Dominant Trends in the Forecast Period:
   • 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

Increasing Investments In Warehouse Automation To Drive Market Growth

1. Rising Investments in Warehouse Automation: The burgeoning investments in warehouse automation are set to propel the growth of industrial robots in the warehousing and storage market.
2. Warehouse Automation Impact: Advanced technologies and systems streamline warehouse operations, reducing operational costs and enhancing overall productivity.
3. Industry Examples:
   • Amazon’s $1 billion venture investment program (AIIF) in 2022
   • Walmart’s $14 billion investment in automation and omnichannel technologies in 2021

View More On The Industrial Robots (Warehousing And Storage Robots) Market Report 2024 – https://www.thebusinessresearchcompany.com/report/industrial-robots-warehousing-and-storage-robots-global-market-report

Advancements In Robotic Technology Reshaping The Warehousing Robots Market

1. Innovative Smart Robotic Technologies: Major companies in the market are investing in smart robotic technologies to gain a competitive edge.
2. Example – Honeywell’s Smart Flexible Depalletizer: Launched in September 2021, this robotic solution leverages machine learning, advanced vision, and gripping technologies to automate pallet unloading tasks in warehouses and distribution centers.
3. Benefits of Smart Warehouse Robots:
   • Reduction in manual labor
   • Mitigation of injury risks
   • Addressing labor shortages

Segmentation Insights: Navigating the Market Landscape

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

Geographical Dominance: Asia-Pacific Takes the Lead in 2023

In 2023, Asia-Pacific emerged as the largest region in the industrial robots market, reflecting the region’s pivotal role in shaping market dynamics.

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The Industrial Robots (Warehousing And Storage Robots) Global Market Report 2024 provides an in-depth analysis on the industrial robots (warehousing and storage robots) market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the industrial robots (warehousing and storage robots) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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