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

The industrial robots (warehousing and storage robots) market has witnessed remarkable growth, surging from $6.48 billion in 2023 to an estimated $7.5 billion in 2024, boasting a Compound Annual Growth Rate (CAGR) of 15.6%. Looking ahead, the market is poised for even more rapid expansion, projected to reach $13.13 billion in 2028, fueled by customization, scalability, sustainability goals, and the need for operational efficiency in the dynamic landscape of modern supply chains.

Accelerated Warehouse Operations Propel Growth:
E-commerce Boom: The robust growth in the e-commerce sector has been a pivotal factor in the surge of industrial robots in warehousing and storage. As the e-commerce industry thrives, the demand for quick and efficient delivery has surged, driving the need for accelerated warehouse operations.

Geodis and Locus Robotics Partnership: In response to the need for faster operations, Geodis partnered with Locus Robotics in 2022, deploying 1,000 autonomous mobile robots (AMRs) globally. This strategic move highlights the industry’s reliance on industrial robots to streamline processes and meet the demands of an ever-evolving market.

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Advancements In Robotic Technology Reshaping The Market:
Innovation for a Competitive Edge: Major players in the industrial robots market are investing in smart robotic technologies to gain a competitive advantage. Smart warehouse robots, driven by technology, are revolutionizing internal processes and optimizing warehousing operations.

Honeywell’s Smart Flexible Depalletizer: Honeywell International Inc. unveiled the Smart Flexible Depalletizer in September 2021, utilizing machine learning, advanced vision, and gripping technologies. This robotic solution automates the manual unloading of pallets in warehouses, reducing reliance on manual labor, mitigating the risk of injuries, and addressing labor shortages.

Market Segmentation:

Product Types: The industrial robots market is segmented into various product types, including Mobile Robots, Articulated Robots, Cylindrical Robots, SCARA Robots, Parallel Robots, and Cartesian Robots.

Functions: Segmentation based on function categorizes robots into Pick and Place, Palletizing and De-palletizing, Transportation, and Packaging, showcasing the diverse roles played by industrial robots in warehousing.

Applications: Diverse applications, ranging from E-commerce and Automotive to Consumer Electronics, Food and Beverage, Healthcare, and other sectors, highlight the versatility of industrial robots in catering to various industries’ specific needs.

Asia-Pacific Takes the Lead:
Regional Dominance: In 2023, Asia-Pacific emerged as the largest region in the industrial robots market. This regional dominance signifies the critical role played by Asia-Pacific in driving innovation, adoption, and growth in the industrial robots sector.

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The Industrial Robots (Warehousing and Storage Robots) Global Market Report 2024  provides comprehensive insights on the industrial robots (warehousing and storage robots) market size, trends and drivers, opportunities, strategies, and competitor 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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