Warehouse Robotics Market To Be Valued At US$ 4,924.3 million by 2033, Growing At 13.7% CAGR

According to Future Market Insights (FMI), the global warehouse robotics market is anticipated to reach US$ 4,924.3 million in 2033. It is projected to expand at a CAGR of 13.7% from 2023 to 2033. The market is estimated to be valued at US$ 1,365.8 million by 2023.

Warehouse automation is expanding rapidly as a result of the explosive demand for consumables and perishable goods across several industries, including electronics, automotive, and e-commerce. The warehouse industry is looking to manufacturers for integrated robotics solutions to speed up product delivery to customers, which is advantageous for the robotics market.

A huge increase in terms of independent and small-scale warehouses is driving up demand for robots that are affordable and simple to use. Necessity for robots in warehouse activities is being further elevated by mix-volume production across locations.

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There is a rising demand for goods supplied through online sales channels as a result of shifting demographics and extensive internet access. As new e-commerce warehouse building increases globally, there are numerous potential for automation solutions. In 2022, the global market for industrial robotics was made up of 3% to 5% industrial robotics.

In 2021, the industrial robots market experienced a significant expansion, and over the projected period, the trend is anticipated to continue. The International Federation of Robotics estimates that the number of industrial robots installed annually climbed to 517,000 units in 2021 from 394,000 units the year before. From 2020 and 2021, it showed a growth of around 30%.

In Asia Pacific, the top markets for industrial robot sales are still China, Japan, South Korea, and the Association of Southeast Asian States. Robots are predicted to have profitable potential in warehouse tasks as a result of a key rise in terms of the usage of robots across industries.

Key Takeaways from Warehouse Robotics Market Study

“By 2033, the market is anticipated to expand due to increased demand from retailers and e-commerce businesses. It is predicted that full-lifecycle management of returned and recycled goods would open up significant prospects for robotic solutions in inventory control. Due to supply chain optimization, demand for robotics in warehouse activities is also projected to increase.” – Says a lead analyst.

Competitive Landscape: Warehouse Robotics Market

In order to boost efficiency, a number of businesses and new robot start-ups are concentrating on cutting-edge and creative solutions for warehouses. Well-known players are pursuing acquisition strategies.

In order to satisfy the needs of end users, they are also working on new and integrated robots. Businesses are concentrating on launching new warehouse projects, especially in developing nations.

The reason given is increasing demand for third-party logistics. New product introductions and acquisition tactics are also priorities for manufacturing organizations.

For Instance

Key Players in the industry:

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Warehouse Robotics Market Outlook by Category

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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