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Warehouse Robotics Market to Exceed USD 16.45 Billion by 2031 Amid e-Commerce Growth and Labor Shortage | SkyQuest Technology

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WESTFORD, Mass., July 11, 2024 /PRNewswire/ — According to SkyQuest, the global Warehouse Robotics Market size was valued at USD 5.39 billion in 2022 and is projected to grow from USD 6.10 billion in 2023 to USD 16.45 billion by 2031, exhibiting a CAGR of 13.2% during the forecast period. (2024–2031).

Robotic technologies designed specifically for use in warehouses are known as warehouse robotics. Labor shortages, a dearth of skilled labor, and high demand for efficient warehousing solutions are projected to be key factors driving warehouse robotics market growth over the coming years. The rapid growth of the e-commerce industry is also creating a high demand for warehouse robotics.  The global warehouse robotics market is segmented into type, function, payload capacity, industry, and region.

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Warehouse Robotics Market Overview:

Report Coverage

Details

Market Revenue in 2023

$ 6.10 Billion

Estimated Value by 2031

$ 16.45 Billion

Growth Rate

Poised to grow at a CAGR of 13.2%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Type, Function, Payload Capacity and Application

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Development of more capable and functional warehouse robots remains prime focus of market players

Key Market Opportunities

e-Commerce industry forecasted to boost sales of warehouse robotics

Key Market Drivers

High use of warehouse robotics for goods transportation application drives market growth

Segments covered in Warehouse Robotics Market are as follows:

TypeAutonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Articulated Robots, Cylindrical & SCARA Robots, COBOTS, OthersFunctionPick & Place, Palletizing & De-palletizing, Transportation, and PackagingPayload CapacityLess than 20kg, 20-100kg, 100-200kg, Greater than 200kgApplicationAutomotive, Semiconductor & Electronics, Chemical, E-Commerce & 3PL, Food & Beverage, Healthcare, Metals & Heavy Machinery, others

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Automated Guided Vehicles Guiding Global Warehouse Robotics Demand Outlook

Automated guided vehicles (AGVs) are responsible for streamlining the movement of goods in a warehouse in the most effective way possible thereby reducing the need for labor and extra expenses. This warehouse robotics system employs advanced technologies like artificial intelligence and machine vision to determine the best paths, maximizing efficiency. These systems can manage heavy loads and offer greater flexibility and scalability than other warehouse robotics solutions.

Progress in robotics and the emergence of autonomous technologies are expected to drive the demand for autonomous mobile robots in the future. The increase in adoption of latest technologies and the growing implementation of smart automation in warehouses are augmenting the demand for autonomous mobile robots, thereby promoting market growth in future.

E-Commerce Remains the Top Industry for Warehouse Robotics Sales

Rapid digitization and the growing popularity of online sales channels have led to robust growth in the e-commerce industry. A high number of orders processed through e-commerce, growing demand for faster deliveries, and increasing popularity of same-day deliveries are all helping this sub-segment maintain a high market share. The use of automated warehouses by e-commerce giants such as Alibaba and Amazon are also estimated to create new opportunities for warehouse robotics providers across the forecast period and beyond.

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Key Role of Warehouse Robotics Continues to be Transportation.

Efficiently moving goods within a warehouse is essential for their smooth operation. Consequently, companies specializing in warehouse robotics are focusing on creating robots that enhance transportation efficiency within warehouses. This also helps warehousing companies reduce the need for transportation equipment and skilled labor to operate the same. The growing adoption of robotics and automation in the logistics industry is also helping the transport function sub-segment to hold prominence in the global warehouse robotics market.

The new warehouse robots are much more capable and functional due to advancements in robotics technology. Pick and place robots are projected to witness a robust hike in demand across the forecast period as warehousing companies focus on resource optimization and profit maximization. Pick and place robots are vital in order fulfilment and replenishment as demand for same-day delivery increases worldwide.

Warehouse robotics providers can invest in almost any segment to get good returns but they should target the e-commerce industry if they want to make it in this market.  Warehouse robotics companies should invest in the development of products with better pick and place functionality to boost their sales in the future. Integration of advanced technologies will be a key trend for established as well as incoming warehouse robotics providers in the long run.

Related Reports:

Robotics Market

Service Robotics Market

Delivery Robots Market

Warehouse Robotics Market

Smart Robots Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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Zoomcar, Inc. Announces Adjournment of Annual Stockholders Meeting to October 1, 2024

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BENGALURU, India, Sept. 27, 2024 /PRNewswire/ — Zoomcar, Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, announced that the Annual Meeting of Stockholders, previously scheduled for September 26, 2024, has been adjourned to October 1, 2024. The meeting will reconvene virtually at 10:00 AM ET.

The adjournment will allow additional time for stockholders to cast their votes on the proposals outlined in the proxy materials. As described in the proxy materials previously distributed, stockholders as of the close of business on July 29, 2024, the record date, are entitled to participate in the Annual Stockholders Meeting.

Zoomcar encourages all stockholders to actively participate in the meeting and exercise their voting rights. Stockholders may cast their votes prior to the meeting by visiting www.proxyvote.com, or they can vote during the meeting by visiting www.virtualshareholdermeeting.com/ZCAR2024 or by calling 1-800-690-6903.

Additionally, if you require assistance with voting your shares or have any other questions in relation to the meeting, please contact the proxy solicitor on the direct line at +1 206-265-0326 or write at ksmith@advantageproxy.com.

About Zoomcar:

Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.

Forward Looking Statement

This communication contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond the Company’s control. These forward-looking statements within the meaning under applicable law, can be identified by the use terms such as “may,” “will,” “aim,” “empower,” “estimate,” “intend,” “indicate,” “continue,” “promote,” “believe,” “boosting”, “elevate,” or “enhance,” or the negatives thereof, as well as other variations or comparable terminology. We ask that you read statements that contain these terms carefully because we believe this information is important for our investors and customers. Any forward-looking statement in this press release refers solely to what is accurate as of the day it is issued or based on assumptions that Zoomcar believes to be reasonable. The actual results and outcomes may materially differ due to various factors or events beyond our control which we may not be foreseeable at all times. We cannot guarantee or assure any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. We undertake no obligation to alter or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as required by law.

Press Contact:

Akarshit Gulati: akarshitg@avianwe.comBhagyashree Rewatkar: bhagyashree.rewatkar@zoomcar.com

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SOURCE Zoomcar Holdings, Inc.

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InventHelp Inventor Develops Assistive Device to Support Head (SCO-259)

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PITTSBURGH, Sept. 27, 2024 /PRNewswire/ — “I’m a certified nursing assistant, and I thought there could be a device to help support the head for patients with various disabilities,” said an inventor, from Sacramento, Calif., “so I invented the NOR- LIFT. My design would help keep the head straight in a simple and strain-free manner.”

The invention provides an effective way to support the head so it is straight. In doing so, it eliminates the strain and pain associated with attempting to elevate the head without assistance. As a result, it increases comfort, safety and support. The invention features a practical design that is easy to use so it is ideal for individuals with various disabilities that affect the head. Additionally, a prototype model and technical drawings are available upon request.

The original design was submitted to the Sacramento sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 23-SCO-259, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

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SOURCE InventHelp

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Amerisure’s SureConnect® Portal Wins 2024 Datos Insights Technology Award

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Amerisure Insurance is proud to announce that its flagship customer portal, SureConnect® has received a prestigious Datos Insights 2024 Insurance Technology Impact Award in the Digital category.

FARMINGTON HILLS, Mich., Sept. 27, 2024 /PRNewswire-PRWeb/ — Amerisure Insurance is proud to announce that its flagship customer portal, SureConnect® has received a prestigious Datos Insights 2024 Insurance Technology Impact Award in the Digital category. This accolade underscores Amerisure’s commitment to leading digital innovation in the insurance industry, enhancing customer satisfaction and streamlining operational efficiency.

“This award reflects our approach to partnering with customers and applying feedback to extend the SureConnect® difference,” said Amjed Al-Zoubi, Chief Information Officer at Amerisure.

SureConnect® is designed to enhance the insurance management process for policyholders, employees, and agency partners alike. It allows users to efficiently file claims, access loss data, and check claim statuses with reduced wait times and minimal manual intervention.

The recent enhancements to SureConnect® have yielded remarkable improvements: a reduction in customer onboarding time by over 60%, an increase in user satisfaction scores from 83 to 91, and a 16% increase in the value of the portal to agency customers. These advancements have not only improved the daily operations for Amerisure’s partners but have also significantly enhanced their overall experience.

“We are focused on the customer experience at Amerisure and recognize the growing importance of digital interactions in insurance,” said Amjed Al-Zoubi, Chief Information Officer at Amerisure. “This award reflects our approach to partnering with customers and applying feedback to extend the SureConnect® difference.”

The ongoing development of the comprehensive, usercentric SureConnect® portal is a testament to Amerisure’s dedication to innovation and excellence. As the digital landscape evolves, Amerisure continues to anticipate and respond to the needs of the modern insurance customer, ensuring that each update not only addresses current challenges but also sets new standards in the insurance industry.

About Amerisure Insurance
Amerisure is a leading provider of commercial property and casualty insurance solutions for U.S.-based construction, manufacturing and healthcare businesses. Licensed in all fifty states and available through an exclusive network of elite independent agents, the company upholds an “A” (Excellent) financial strength rating, industry-leading service scores, and multiple awards for innovation. Amerisure has been in business for more than 100 years and is consistently named among the best places to work in the industry and throughout the nation. To learn more, visit amerisure.com.

Media Contact

Marilyn Banes, Amerisure, 248-426-7914, mbanes@amerisure.com, Amerisure

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SOURCE Amerisure

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