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Global Warehouse Robotics Market Share Projected to Exceed USD 5,609.75 Million by 2034, Surging at 13.8% CAGR, Amid Expanding E-commerce Sector Demands | Future Market Insights, Inc.

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How Big is the Opportunity for Warehouse Robotics in Australia and New Zealand?

Australia and New Zealand to Exhibit High Demand for Robotic Distribution Systems with Increasing Internet Penetration

Demographic change in developed countries such as Australia and New Zealand is accelerating e-commerce industry expansion. Growing millennial population and availability of consumables at finger tips are undoubtedly responsible for the surge of product demand.

Warehouse owners are trying to keep pace with the rapid increase in terms of high demand. It is further creating an increasing need for warehouse robots across Australia and New Zealand.

What is the Demand Outlook for Warehouse Robotics Solutions in Japan?

Japan-based Companies to Look for Robotic Inventory Management as Need for Smooth Material Handling Burgeons

Robot density across several countries is increasing at a significant rate, thereby creating huge demand for robots in warehousing activities. According to the International Federation of Robotics, the top countries in automation also include Japan, which is boosting its robot density ranking across the globe.

With changing lifestyles and expansion of the e-commerce & logistics industry across the country, demand for automation among warehouses is increasing. Several companies are focusing on automating their warehouses to enhance goods handling and storage activities.

NEWARK, Del., July 23, 2024 /PRNewswire/ — According to a Future Market Insights (FMI), the global warehouse robotics market size is poised for significant growth, achieving USD 1,540.57 Million in 2024. The sales of warehouse robotics are envisioned to thrive at a CAGR of 13.8% from 2024 to 2034. By 2034, the demand for warehouse robotics is anticipated to attain a valuation of USD 5,609.75 Million.

The warehouse robotics market is growing owing to the rise in labor expenses, the e-commerce sector, and the demand for more accuracy and efficiency in warehouse operations.

Due to technological innovations, the e-commerce industry is expanding at an impressive rate. The shopping experience gets better because of technologies like artificial intelligence (AI), blockchain, augmented reality (AR), virtual reality (VR), and machine learning (ML). The warehouse robotics producers look for innovative ways to improve operations and logistics while cutting expenses and delivery times.

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The major hurdles hinder small and mid-sized businesses due to the high initial cost of implementing a robotic setup in the warehouse. The employment of laborers is negatively affected by the adoption of warehouse robotics. Growing employment and wage effects from robot adoption are predicted to impede the expansion of the warehouse robotics sector.

Key Takeaways:

The automated guided vehicle sector in the type category to grab a share of 44.0% in 2024.In the function category, the transportation sector to acquire a market share of 38.5% in 2024.Australia warehouse robotics market is likely to exhibit a CAGR of 19.1% through 2034.India warehouse robotics industry is anticipated to boost at a CAGR of 16.8% between 2024 and 2034.The United States warehouse robotics sales is anticipated to evolve at a CAGR of 13.9% through 2034.Germany warehouse robotics market is envisioned to develop at a CAGR of 11.9% from 2024 to 2034.China sales of warehouse robotics are expected to surge at a CAGR of 10.9% through 2034.

“The evolving demand for automation in logistics is expected to thrust the warehouse robotics industry into an exponential trajectory. Manufacturers of warehouse robotics are adopting robotics to enhance operations and maintain profitability in shifting supply chain environments, with a growing focus on efficiency, safety, and adaptability.”, – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Top Warehouse Robotics Market Trends Listed by Future Market Insights (FMI)

The conventional storage approach finds it difficult to keep up with the unpredictable shopping patterns and increased expectations of today’s internet users.New improved technologies are being used by several distribution centers to increase total output, accuracy, and efficiency.E-commerce has an impact on worker requirements across industries, not simply warehousing and logistics firms.Demand for workforce in the warehousing and logistics sector is significantly impacted by the e-commerce sector’s explosive rise.As a result, businesses are facing trouble meeting the increased demand for personnel.In order to attract and keep employees, businesses must raise wages and provide more extensive benefits.Retailers grappling with growing workforce expenses, shipment delays, and stock outs are experiencing the effects of this knock-on effect.Automation is nowadays a part of the aircraft sector owing to developments in robotic technology.Ergonomic problems brought on by humans performing repetitive tasks were decreased as a result of the usage of warehouse robots to evaluate applications.End users frequently handle large, heavy components in the aerospace sector.As a result, high payload robots equipped with sensors are used.A few advantages of warehouse robots include temporary cleaning and wiping of parts without shutting down the entire system and excluding the fencing.A robotic system must be more precise, adaptable, and quick in the electronics sector.Traditional robots in this industry’s assembly applications require substantial deployment costs and human support.While for the same activity, warehouse robots can be used for a far lower cost.Healthcare, food & agriculture, plastics & polymers, pharmaceuticals & chemistry, furniture & equipment, and science & research are a handful of industries that warehouse robots support.Technological development and automation trends in these industries are essential drivers of market expansion.Specially designed warehouse robots are being extensively used across the globel.Mobile robots that are lightweight & portable and can travel between sections of warehouses are becoming increasingly popular among market participants in the manufacturing sector.Significant advancements in warehouse robot technology promise to boost productivity and growth across a wide range of industries in the next ten years.The range of applications that end users can undertake will be expanded by advances in gripper and sensor technologies.

Which Factors Might Hinder Warehouse Robotics Demand?

Expansion of Omni-channel has given customers more alternatives for placing orders across a wide range of channels.Key stakeholders must overcome obstacles in order to adapt to changing client needs.Leading players in the market might also struggle to control the fluctuating demand.Scalability and increasing flexibility of warehouses, together with high investment costs, are limiting the necessity for professional workforce.Demand for warehouse robotics might be constrained over the foreseeable future due to high capital and operating costs.

Regional Outlook:

The warehouse robotics market in Asia Pacific is growing due to rapid industrialization and the usage of cutting-edge technologies in production. Government programs that support smart logistics and automation technologies enhance the region’s prominence in the global warehouse robotics industry.

Robust labor laws and an emphasis on operational efficiency promote a steady expansion of warehouse robotics market throughout Europe. With its strong automation and technical capabilities, Germany has become a center of innovation in warehouse robotics in Europe.

Lifted by a tech-savvy customer base and an ambition for logistical optimization, North America leads the adoption of warehouse robotics. Due to its competitive retail environment and need for quick fulfillment, the United States is at the center of warehouse robot innovation.

Competitive Landscape:

Prominent warehouse robotics manufacturers invest in research and development to broaden their product offerings, contributing to market expansion. The warehouse robotics vendors employ various methods to enhance their worldwide footprint and presence.

Notable trends in the warehouse robots market include introducing new products, partnerships and acquisitions, increased investments, and collaborations. The warehouse robotics sector must provide affordable products to grow and thrive in an increasingly competitive and dynamic market.

Latest Advancements:

Honeywell International Inc. announced in February 2023 the inauguration of its new research and development facility to expand its technologies, assisting logistics and warehouse industries around Europe.BlueBotics launched ANTdriven.com in May 2023. This new training resource can help warehouse, manufacturing, and supply chain managers learn about and experiment with several automated vehicle technologies from the ANT navigation ecosystem.

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Key Manufacturers in Warehouse Robotics Industry:

ABB Ltd.Addverb TechnologiesDaifukuFANUC CorporationGeekplus TechnologyHikrobotIAM RoboticsInVia Robotics Inc.JBTKION Group AGKnapp AGKUKAAGLocus RoboticsMagazino GmbHMurata Machinery Ltd.Omron CorporationScallogShanghai Quicktron Intelligent Technology Co. Ltd.Shopify Inc.SSI SchaefferLowpad B.V.AgiloxMobile Industrial RobotsOTTOUniversal Robots

Warehouse Robotics Market Segmentation:

By Product Type:

Autonomous Mobile RobotsAutomated Guided VehicleArticulated RobotsCylindrical and SCARA RobotsCollaborative RobotsOthers

By Function:

Picking and PlacingPalletizing and De-PalletizingTransportationPacking

By Payload Capacity:

Below 100 Kg100 to 200 Kg200 to 300 Kg300 to 400 Kg400 to 600 Kg600 to 900 Kg900 to 1200 KgAbove 1200 Kg

By End-use Industry:

Food and BeverageElectronics and ElectricalMetal and MachineryAutomotivePharmaceuticalsIndependent WarehouseCold StorageDry StorageE-commerceChemical, Rubber and PlasticsOthers

By Region:

North AmericaLatin AmericaEast AsiaSouth Asia PacificWestern EuropeEastern EuropeCentral AsiaRussia and BelarusBalkan and Baltic CountriesMiddle East and Africa

About Future Market Insights – Industrial Automation Division:

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

The global industrial robotics market share is anticipated to surpass USD 220 Billion by the end of 2033.

The global industrial robot controller market analysis states that the industry is poised to reach a size of USD 1081.6 Million in 2024.

The global industrial robot market share is projected to grow at a robust CAGR of 17.20% CAGR from 2023 to 2033.

The industrial robotic motors market size is anticipated to be worth USD 4.6 Billion by 2033.

The robotic lawn mower sales forecasted to boost at a CAGR of 12.50% CAGR during forecast period 2024 to 2034.

The global collaborative robots demand is predicted to grow at a CAGR of 25.1% from 2023 to 2033.

The global modular robotic market valuation is projected to reach a valuation of USD 66.42 Billion by 2034.

The global powered lawn mowers market revenue is expected to surpass USD 2,323.8 Million by 2033.

The global ride-on mower industry is estimated to reach a valuation of USD 4530.0 Million by 2032.

The global traction motors market revenue share is forecasted to surpass USD 30.0 Billion by 2032.

About Future Market Insights (FMI):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:
Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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TELUS Acquires Additional Shares of TELUS Digital

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48 mins ago

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September 28, 2024

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VANCOUVER, BC, Sept. 27, 2024 /PRNewswire/ – TELUS Corporation (“TELUS”) today announced that it has acquired, through a wholly owned subsidiary, an aggregate of 2,593,631 subordinate voting shares (the “Purchased Shares”) in the capital of TELUS International (Cda) Inc. (“TELUS Digital”) by way of market purchases over the facilities of the Toronto Stock Exchange. As a result of the acquisition of these subordinate voting shares, TELUS has acquired an additional 2.35% interest in the TELUS Digital subordinate voting shares since TELUS’ prior early warning report filed on August 16, 2024. When added to the 4,031,191 subordinate voting shares held prior to the last report, TELUS now holds approximately 5.99% of the outstanding subordinate voting shares.

“We continue to hold confidence in TELUS Digital and its long term profitable growth strategy,” said Darren Entwistle, President and CEO of TELUS. “In recognition of the considerable opportunities ahead, we are once again increasing our existing share ownership of the subordinate voting shares in the public market. These purchases are not part of a strategy to privatize the business, but rather, a reflection of our strong belief in the meaningful and sustainable value that TELUS Digital will create for stakeholders in the years to come.”

The purchase of the Purchased Shares is being made pursuant to the normal course purchase exemption set forth in section 4.1 of National Instrument 62-104.

Before giving effect to the purchase subsequent to our August 15th news release, TELUS held an aggregate of 152,004,019 multiple voting shares of TELUS Digital and 4,031,191 subordinate voting shares. These securities represented approximately 92.5% of the outstanding multiple voting shares and 86.9% of the outstanding voting rights attached to all shares of TELUS Digital and approximately 56.8% of the total shares outstanding, reflecting the conversion by Riel B.V. of multiple voting shares into subordinate voting shares. The 2,593,631 Purchased Shares were acquired at an average purchase price of C$4.90, representing a total additional investment, before trading commissions, of C$12,703,197. After giving effect to the market purchases, TELUS holds an aggregate of 152,004,019 multiple voting shares and 6,624,822 subordinate voting shares. The shares held by TELUS now represent approximately 92.5% of the outstanding multiple voting shares, 6.0% of the outstanding subordinate voting shares, 57.7% of the outstanding shares of TELUS Digital and 87.0% of the outstanding voting rights of TELUS Digital. The multiple voting shares of TELUS Digital may be converted into subordinate voting shares on a one-for-one basis at any time.

TELUS purchased the Purchased Shares for investment purposes and may or may not purchase or sell multiple voting shares, subordinate voting shares or other securities of TELUS Digital in the future on the open market or in private transactions, depending on market conditions and other factors. TELUS currently has no other plans or intentions that relate to its investment in TELUS Digital. Depending on market conditions, general economic and industry conditions, TELUS Digital’s business and financial condition and/or other relevant factors, TELUS may at any time develop other plans or intentions in the future relating to one or more of the above items. A copy of the early warning report to be filed by TELUS in connection with the acquisition will be available on TELUS Digital’s profile on SEDAR+ at sedarplus.ca. Alternatively, you may contact TELUS Investor Relations at 1-800-667-4871 in order to obtain a copy of the report.

The headquarters and principal executive offices of TELUS Digital are located at Floor 5, 510 West Georgia Street, Vancouver, British Columbia, Canada V6B 0M3

About TELUS

TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with more than $20 billion in annual revenue and over 19 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security. Our social purpose is to leverage our global-leading technology and compassion to drive social change and enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. The numerous, sustained accolades TELUS has earned over the years from independent, industry-leading network insight firms showcase the strength and speed of TELUS’ global-leading networks, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better.

Operating in 32 countries around the world, TELUS Digital Experience (TSX and NYSE: TIXT) is a leading digital customer experience innovator that designs, builds, and delivers next-generation solutions, including AI and content moderation, for global and disruptive brands across strategic industry verticals, including tech and games, communications and media, eCommerce and fintech, banking, financial services and insurance, healthcare, and others.

TELUS Health is a global healthcare leader, which provides employee and family primary and preventive healthcare and wellbeing solutions. Our TELUS team, along with our 100,000 health professionals, are leveraging the combination of TELUS’ strong digital and data analytics capabilities with our unsurpassed client service to dramatically improve remedial, preventive and mental health outcomes covering over 75 million lives, and growing, around the world. As the largest provider of digital solutions and digital insights of its kind, TELUS Agriculture & Consumer Goods enables efficient and sustainable production from seed to store, helping improve the safety and quality of food and other goods in a way that is traceable to end consumers.

Driven by our determination and vision to connect all citizens for good, our deeply meaningful and enduring philosophy to give where we live has inspired TELUS and our team to contribute $1.7 billion, including 2.2 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world. Together, let’s make the future friendly.

For more information about TELUS, please visit telus.com, follow us at @TELUSNews on X and @Darren_Entwistle on Instagram.

Investor Relations
Robert Mitchell
(647) 837-1606
ir@telus.com

Ian McMillan
(604) 317-8768
ir@telus.com 

Media Relations
Steve Beisswanger
(514) 865-2787
Steve.Beisswanger@telus.com

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Observo AI, the AI-Powered Telemetry Data Pipeline, Joins the Azure Marketplace

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4 hours ago

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September 27, 2024

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Observo AI, the AI-powered security and observability telemetry pipeline is now available on Azure Marketplace.

FREMONT, Calif., Sept. 27, 2024 /PRNewswire-PRWeb/ — Observo AI, a pioneer in creating security and observability data pipelines powered by Artificial Intelligence, today announced a partnership with Microsoft and the availability of Observo on Azure Marketplace. This will make it easier for Azure customers to quickly adopt Observo to help control costs, manage data sprawl, boost productivity, and identify and resolve critical incidents faster.

There is huge growth in data sent to analytics platforms by security teams. Costs for MS Sentinel are increasing at an untenable pace. Azure customers now have access to Observo AI through Azure Marketplace to optimize this data, route it to Sentinel, and save as much as 50% on SIEM costs.

Customers can now deploy Observo AI at speed while benefiting from Azure’s trusted and secure infrastructure, as well as its global commercial footprint. Availability on the Azure Marketplace will enable seamless purchasing and invoicing, with customers able to use their existing Microsoft Azure Consumption Commitment (MACC) to purchase Observo AI.

“Many of our customers who have moved to Azure are experiencing a huge increase in telemetry data sent to analytics platforms by Security and DevOps teams. Expenditures on tools like Microsoft Sentinel are increasing at an untenable pace,” said Ricky Arora, Co-Founder and COO of Observo AI. “Azure Cloud customers now have access to Observo AI through the Azure Marketplace to optimize this data, route it to Sentinel or any other analytics tool, and save as much as 50% on security costs.”

“Observo AI, available on the Azure Marketplace, offers a solution for Microsoft Azure and Sentinel customers struggling with the relentless growth of security data,” said Jatinder Mann, CEO of Cetark, a cyber security services company specializing in Microsoft Security portfolio. “Observo AI empowers Security teams to optimize costs, speed incident response, and ensure robust security and compliance with a seamless, fast, and easy purchase option through the Azure Marketplace.”

Learn More

For more details on how Azure customers can take advantage of Observo AI’s AI-powered pipelines, read the complete announcement on the Observo AI blog. Visit the Observo AI Website at www.observo.ai Watch the Observo AI explainer video at https://vimeo.com/899662669

About Observo AI

Observo AI was created to help solve the biggest telemetry data problems. Observo helps reduce security costs by 50% or more while resolving incidents more than 40% faster. Our AI-Powered Observability Pipeline helps break-free from static, rules-based pipelines. Observo automates security and observability with a pipeline that constantly learns and improves. Minimize risks, enhance visibility, protect sensitive data, and stay in compliance with Observo AI.

Media Contact

Bryan Turriff, Observo AI, 1 5014129978, bryan@observo.ai, www.observo.ai

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VXI Global Solutions to grow Morrow, GA location with up to 300 new positions to support new clients

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September 27, 2024

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VXI Global Solutions announced today an expansion of their customer service center at 1000 Southlake Circle, adding over 300 new full-time positions to support multiple new clients.

MORROW, Ga., Sept. 27, 2024 /PRNewswire-PRWeb/ — VXI Global Solutions, a leading provider of customer experience (CX) and business process outsourcing (BPO) solutions, announced today an expansion of their customer service center at 1000 Southlake Circle, adding over 300 new full-time positions to support multiple new clients.

“We have an amazing group of people at VXI,” said Tommy Thompson, Director of Operations for VXI Morrow. “I am delighted to be able to bring meaningful job opportunities to this community. Over 85% of our leaders are promoted internally, so there are real opportunities for career growth.”

The state-of-the-art facility offers full-time positions where high performers can earn $40,000 per year with impressive weekly incentives depending on the client program they support. VXI is looking for applicants with experience in Customer Service, Sales, and Tax Preparation all with start dates throughout October and November 2024.

Local Head of Talent Acquisition, Chelsea Yancoskie, shared, “We are excited to welcome our new clients and offer these on-site positions to the local community, providing opportunities to share in our success. We’re not only looking for customer service professionals but also individuals with significant experience in sales and income tax preparation. Starting wages begin at $17 per hour, with some positions offering up to $19 per hour depending on the candidate’s qualifications.”

VXI provides paid training, comprehensive medical, dental, and vision benefits, 401(k) options, paid time off, and one of the industry’s best unlimited employee referral programs. VXI Morrow is located in Southlake Mall, so employees can easily access the Food Court and retail shops just steps away, offering convenience during breaks and before or after shifts. Team members are encouraged to “Stand Out & Fit In” by participating in the Visionaries & Passion4 volunteer programs focused on promoting an inclusive workplace and community support events. Additional perks include discounted cell phone plans, rewards programs, and frequent prize giveaways and free luncheons.

“We have an amazing group of people at VXI,” said Tommy Thompson, Director of Operations for VXI Morrow. “I am delighted to be able to bring meaningful job opportunities to this community. As one of the largest certified minority-owned businesses in the US, VXI was recently recognized as one of Newsweek’s Greatest Places to Work for Diversity and our culture is second to none. Over 85% of our leaders are promoted internally, so there are real opportunities for career growth.”

To learn more and apply, please visit the VXI Careers website or click the link: VXI Morrow apply

About VXI Global Solutions 

VXI Global Solutions is a BPO leader in customer service, customer experience, and digital solutions. Founded in 1998, the company has over 40,000 employees in more than 40 locations in North America, Asia, Europe, and the Caribbean. VXI delivers omnichannel and multilingual support, software development, quality assurance, and CX advisory, automation, and process excellence to the world’s most respected brands.

VXI is backed by private equity investor Bain Capital and is one of the fastest growing, privately held business services organizations in the United States and the Philippines, and one of the few U.S.-based customer care organizations in China.

For more information, visit http://www.vxi.com.

Media Contact

VXI Corporate Communications, VXI Global Solutions, (213) 637-1300, comms@vxi.com, https://vxi.com/

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