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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
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Minister Champagne wraps up visit to Silicon Valley

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November 16, 2024

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PALO ALTO, CA, Nov. 16, 2024 /CNW/ – Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, concluded a visit to Palo Alto, California, where he met with business and tech leaders.

The Minister met with the CEO and Founder of Plug and Play, one of the world’s most active startup accelerators. He also met with the CEO and Founder of Groq, a company specializing in artificial intelligence (AI) chip technology.

Minister Champagne also met with key members of the C100, a not-for-profit association of over 400 Canadian expatriates advancing tech entrepreneurship in the Silicon Valley area.

While in Silicon Valley, Minister Champagne took the opportunity to visit the U.S. Department of Defense’s Defense Innovation Unit, which is designed to accelerate the adoption of cutting-edge commercial technologies by the U.S. military.

The Minister was also a guest speaker at the Trilateral Commission’s North American Group meeting where he was interviewed on a panel by Michael Duffy, Opinions editor at large of The Washington Post.

Quote

“Coming on the heels of the launch of the Canadian AI Safety Institute, this visit to Silicon Valley was a great opportunity to engage with tech leaders and entrepreneurs. As AI and other emerging technologies reshape national security, the economy and society at large, Canada will continue to play a central role in strengthening North America’s long-term competitiveness.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

Associated links

Canada launches Canadian Artificial Intelligence Safety InstituteThe Trilateral Commission

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Find more services and information on the Innovation, Science and Economic Development Canada website.

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The Mortgage Calculator Delivers Real-Time VA Loan Rates with Advanced Application Tools

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November 16, 2024

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The Mortgage Calculator introduces innovative VA loan calculators and tools featuring live mortgage rates updated by the minute. These tools empower veterans and active-duty military personnel with accurate, real-time insights into VA loan programs.

MIAMI, Nov. 16, 2024 /PRNewswire-PRWeb/ — The Mortgage Calculator, a licensed lender, has launched an advanced VA mortgage calculator platform with real-time mortgage rate integration for all VA loan programs from over 100 banks and lenders. Veterans and active-duty military personnel can now access live VA mortgage rates, updated by the minute, to make precise financial decisions. This technology ensures unmatched accuracy and transparency in VA loan planning.

Offering live mortgage rates is a pivotal enhancement for borrowers. This unique feature allows veterans and active-duty personnel to make well-informed decisions, whether purchasing a home or refinancing with an IRRRL.

The platform also offers tools to calculate VA mortgage loan payments and explore refinancing options like IRRRL loans (Interest Rate Reduction Refinance Loans). These tools simplify the loan application process and provide a complete understanding of financing options available to eligible borrowers.

Key Features of the Real-Time VA Loan Platform:

Live VA Loan Rates: Borrowers can view rates updated every minute, offering precise, real-time market data for all VA loan programs from multiple banks and lenders.Interactive VA Loan Calculator: Helps users estimate monthly payments based on current live rates, including refinancing options like IRRRL.Customizable Financial Tools: Provides tailored insights into VA loan affordability, terms, and eligibility requirements.Seamless Integration Across VA Loan Programs: Supports home purchases and refinancing with clarity and transparency.

“Offering live mortgage rates is a pivotal enhancement for borrowers,” said Jose Gonzalez, CSO of The Mortgage Calculator. “This unique feature allows veterans and active-duty personnel to make well-informed decisions, whether purchasing a home or refinancing with an IRRRL.”

To experience these tools and view live VA mortgage rates, visit the dedicated VA loan calculator page. Borrowers can also calculate savings on VA refinance options with the IRRRL calculator or explore broader resources like the VA mortgage loans guide. For additional information on other mortgage products, such as construction loans, visit the homepage.

About The Mortgage Calculator

The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access both Conventional and Non-QM mortgage loan programs with over 100 banks and partners. Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. Our team of over 500 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more! To apply for a mortgage please visit https://themortgagecalculator.com

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Kyle Hiersche, The Mortgage Calcualtor, 1 7867331993, pr@themortgagecalculator.com, https://themortgagecalculator.com

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Norck Expands Custom Manufacturing Services with Enhanced Precision CNC Machining, Engineering Support, and Curated Network of Select Manufacturing Partners

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November 16, 2024

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Norck, a global leader in on demand manufacturing, has expanded its services to include precision CNC machining, custom component manufacturing, and on-demand solutions. The company’s curated network of trusted manufacturing partners and personalized one-on-one engineering support set it apart from automated platforms. Serving industries such as aerospace, defense, robotics, and medical, Norck delivers high-quality, precision-engineered components tailored to specific needs. With capabilities in CNC machining, 3D printing, and hybrid manufacturing, Norck empowers businesses to innovate and scale efficiently. Visit www.norck.com for more information.

IRVINE, Calif. and MANNHEIM, Germany, Nov. 16, 2024 /PRNewswire-PRWeb/ — Norck, a global leader in advanced manufacturing and custom component production, is proud to announce a major expansion of its services, focusing on precision CNC machining, custom component manufacturing, and on-demand CNC machining. A key highlight of this growth is the enhancement of Norck’s curated network of select manufacturing partners, ensuring clients benefit from the highest quality standards and consistent reliability.

By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.

Complementing its growing capabilities, Norck reaffirms its commitment to personalized, one-to-one engineering and design support, setting it apart from competitors with automated platforms. With a strategic combination of expert guidance and a carefully vetted partner network, Norck is revolutionizing the way businesses approach custom parts manufacturing.

Norck’s Motto: “Prototype. Manufacture. Scale Up. On Demand.”

This guiding principle reflects Norck’s dedication to delivering seamless, end-to-end solutions that meet the dynamic needs of modern industries. From initial prototyping to full-scale production, Norck empowers businesses to innovate and grow with speed and precision.

Expanding a Curated Network of Trusted Manufacturing Partners

Norck’s curated network of select manufacturing partners brings together top-tier facilities specializing in CNC machining, injection molding, and metal 3D printing. Each partner is carefully vetted for quality, reliability, and expertise, ensuring seamless collaboration and superior results.

Key Benefits of Norck’s Manufacturing Partner Network:

Consistent Quality Standards: Partners are selected based on strict adherence to global certifications such as ISO 9001 and AS9100.Diverse Capabilities: Access to advanced manufacturing technologies, including custom CNC machining, custom component manufacturing, and on-demand sheet metal fabrication.Streamlined Project Management: Norck acts as a single point of contact, managing every aspect of production and ensuring seamless coordination across its network.

“Our curated network is an integral part of delivering exceptional results to our clients,” said Faruk Guney, CEO of Norck. “By partnering with only the best manufacturers, we ensure that every project meets our clients’ exacting standards. Combined with our one-to-one engineering support, this approach guarantees a superior manufacturing experience.”

Personalized Engineering and Design Support

Unlike platforms that rely heavily on automation, Norck emphasizes a one-on-one collaboration model with clients. This personalized approach ensures that designs are optimized for manufacturability, cost-efficiency, and performance before production begins.

Key Features of Norck’s Engineering and Design Support:

Dedicated Design Consultants: Clients work with experienced engineers who understand their unique requirements and industry challenges.

Seamless Iteration: From concept refinement to rapid prototyping, Norck supports clients at every step to perfect their designs.

Material Selection Guidance: Expert advice to choose the best materials for durability, performance, and cost-effectiveness.

Feasibility Analysis: Comprehensive evaluations to ensure manufacturability and optimal production outcomes.

Precision CNC Machining and Custom Component Manufacturing

Norck’s precision CNC machining services are at the forefront of its manufacturing offerings. With a focus on high-quality production and design optimization, Norck delivers custom CNC parts and components that meet even the most complex specifications.

Key Highlights:

On-Demand CNC Machining: Rapid, efficient production tailored to client needs, from prototypes to large-scale production.

Wire EDM Services: Precision machining for intricate designs requiring tight tolerances.

Custom CNC Machining Near Me: Localized support through Norck’s extensive partner network for faster turnaround times and convenience.

Advanced Metal 3D Printing Services

Norck has also enhanced its metal 3D printing services, providing innovative solutions for lightweight and complex custom metal parts. These services are integrated with Norck’s engineering support to ensure clients achieve the perfect balance of creativity and manufacturability.

Key Features:

Custom Metal 3D Printing: Production of intricate and durable components for aerospace, automotive, and medical applications.Hybrid Manufacturing Solutions: Combining CNC machining and 3D printing for advanced design possibilities.Injection Molding and On-Demand Sheet Metal FabricationNorck’s comprehensive offerings include injection molding and on-demand sheet metal fabrication, enabling clients to produce high-quality custom parts at scale. By leveraging its curated network, Norck delivers consistent results across all manufacturing disciplines.

Industries Served

Norck proudly serves a diverse range of industries, providing tailored solutions to meet specific sector requirements:

Norck offers specialized manufacturing solutions across various industries, delivering precision-engineered components and services tailored to each sector’s unique requirements.

Aerospace: Norck provides high-precision components that meet stringent aerospace standards, ensuring safety and reliability in critical applications.

Defense: Supplying robust and reliable parts, Norck supports mission-critical defense systems and equipment, adhering to rigorous quality and performance criteria.

Robotics: Norck creates intricate components essential for the efficient operation of robotic systems and automation technologies, enhancing performance and precision.

Automotive: Manufacturing custom parts, Norck enhances vehicle performance, durability, and safety across various automotive applications.

Medical: Producing biocompatible and precision-engineered components, Norck supports medical devices, surgical tools, and healthcare technologies, ensuring safety and efficacy.

Consumer Products: Producing high-quality, durable components, Norck serves a wide range of consumer goods, from electronics to appliances, ensuring product longevity and reliability.

Industrial: Providing durable and reliable parts, Norck supports machinery, tools, and industrial systems, ensuring operational efficiency and longevity.

Hardware: Crafting precision hardware components, Norck caters to construction, infrastructure, and various manufacturing applications, meeting specific project needs.

Electronics: Delivering custom components, Norck supports electronic devices, ensuring compatibility and performance in advanced systems.

Energy: Supplying high-performance parts, Norck serves renewable energy, oil and gas, and power generation applications, contributing to efficient energy solutions.

Norck’s tailored solutions ensure each industry’s unique requirements are met with precision and reliability, reinforcing its commitment to quality and innovation.

About Norck

Norck is a global leader in advanced manufacturing, specializing in precision CNC machining, custom component manufacturing, metal 3D printing, and injection molding. With a strong commitment to innovation, quality, and customer satisfaction, Norck delivers tailored manufacturing solutions to businesses worldwide. By combining personalized engineering support, cutting-edge technologies, and a curated network of trusted manufacturing partners, Norck empowers industries to achieve their most ambitious goals.

For more information about Norck’s services and solutions, visit www.norck.com

Media Contact

Dennis Weiss, NORCK INC – NORCK GMBH, 1 949-232-0251, ed@norck.com, www.norck.com

Ed Braun, NORCK INC – NORCK GMBH, www.norck.com

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