Warehouse Robotics Market Foreseen to Grow Exponentially Over 2032, at a CAGR of 18.2% | Says AMR

Warehouse Robotics Market Foreseen to Grow Exponentially Over 2032, at a CAGR of 18.2% | Says AMR

NEW CASTLE, DE, UNITED STATES, November 18, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, 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.

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Optimizing Logistics with Robotics in E-Commerce:

To optimize logistics processes and effectively manage a high volume of orders, e-commerce companies are increasingly turning to robotics. A key solution to the labor shortage in this sector is the deployment of robotic warehouse employees. As e-commerce grows in popularity, the need for warehouse automation and robotics continues to rise. Industries aim to improve supply chain management, reduce labor costs, and boost productivity.

Continuous advancements in robotics, artificial intelligence, machine learning, and sensor technologies have made robots more powerful, adaptable, and affordable. However, the logistics and storage sectors still face challenges in finding and retaining qualified workers in various locations.

Market Dynamics:
The rapid increase in the use of autonomous mobile robots has significantly expanded the warehouse robotics market share. The surge in e-commerce has heightened the demand for faster and more efficient order fulfillment processes due to the rise in online purchases. Advanced sensors like LiDAR and cameras enable robots to navigate warehouse environments dynamically without the need for stationary infrastructure such as rails or cables. For example, the use of robots for efficient goods transportation and warehouse management has surpassed all other applications in the market.

In 2022, warehouse robotics market statistics showed a 44% increase in sales, with over 86,000 units sold. Notably, there was a 78% rise in sales of robots designed for collaborative indoor settings, reaching nearly 37,300 units. These factors contribute to the growth of the warehouse robotics market.

Technologies like artificial intelligence, machine learning, and computer vision have greatly contributed to the success of warehouse robotics. Order picking and packaging robots are among the most popular types used in warehouses. Companies such as Amazon have implemented large fleets of robots to speed up order processing and facilitate easier movement of goods in their fulfillment centers. Collaborative robots, or cobots, which are designed to safely work alongside human employees, are also becoming increasingly common in warehouse environments.

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The Report Will Help the Readers:

-Comprehend the overall market dynamics.
-Examine and analyze the competitive landscape and future prospects of the lithium-ion battery energy storage system market using various frameworks, including Porter's five forces.
-Assess the impact of various government regulations during the global health crisis and evaluate the market conditions for lithium-ion battery energy storage systems in challenging times.
-Review the portfolios of prominent market players and conduct an in-depth analysis of their products and services.
-Gain a clear understanding of the highest revenue-generating segment.

Key Segments:

By Operation
Pick and Place
Assembling and Dissembling
Packaging

By Type
Automated Guided Vehicles (AGVS)
Articulated Robotic Arms
Collaborative Robots
SCARA Robots
Others

By End User
Food and Beverage
Electronics and Electrical
Automotive
Others

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Top Players:
Honeywell International Inc., Fanuc, Omron Corporation, KION Group, ABB Ltd., Kawasaki Heavy Industries, Ltd., Delta Electronics, Inc., HIRATA Corporation, BlueBotics, KUKA AG

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research
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