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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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https://www.skyquestt.com/report/warehouse-robotics-market

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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Technology

A new product line to accelerate the automation of companies

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RIVIÈRE-DU-LOUP, QC, Sept. 27, 2024 /CNW/ – Automation has become critical for businesses to drive growth and performance. Companies need to accelerate their automation initiatives through more autonomous and intuitive solutions that can quickly deliver the benefits of robotics to enhance their efficiency and competitiveness.  

Driven by its commitment to innovation and supporting manufacturing companies in strengthening their operational efficiency, Premier Tech is introducing the future of automation thanks to its new product line TOMA™ – which aims to accelerate packaging automation projects through a comprehensive and intuitive do-it-yourself experience – hence delivering automation made friendustrial™.

The first product under the TOMA™ brand – and its underlying mindset – is a palletizing solution featuring the most advanced interface on the market, bringing together industrial robustness and user-friendliness with collaborative robotics. Thanks to its seamless integration requiring no coding, no engineering and no programming, both small and large manufacturers can access the benefits of automation, setting a new standard for efficiency and ease of use.

“Today, we are launching more than a product line. We are launching a totally new approach to automation — we are launching the ‘Automation made friendustrial™’ mindset. Our teams at Premier Tech Systems and Automation have successfully merged industrial-level efficiency with ease of operation. This was achieved by leveraging the cobot technology from Fanuc, the worldwide leader in robotics,” says Jean Bélanger, president and chief executive officer of Premier Tech.

This launch is backed by more than 35 years of experience in automation and palletization, combined with new technologies in cobotics and the strong commitment of Premier Tech in ensuring that advanced technologies are made available to a wide range of manufacturers.

TOMA™ comes with a new innovative business model harnessing the power of an online, seamless and intuitive do-it-yourself configuration. It will enable companies to look at their packaging operations from a new perspective and implement automation projects where the financial feasibility was yet under pressure.

“TOMA™ cobots allowed us to enhance the work ergonomics of our teams, meet their needs — especially for night shifts —, and increase our productivity. This new solution is robust, intuitive and easy to program. With its agility and reliability, we can use it in various workspaces according to our needs,” says Pascal Gagné, operations manager at Groupe TAQ and launch partner.

For more information on TOMA™ and see how your company can leverage this solution, visit www.tomarobots.com

About Premier Tech

At Premier Tech, we are all about making a difference by connecting People and Technologies for over 100 years. One team driven by a shared will to deliver sustainable solutions that help feed, protect and improve our world.

Premier Tech has a wide range of products, services, brands and technologies allowing to increase crop yields, bring beautiful gardens to life, automate the handling and packaging operations of many manufacturing facilities, treat and recycle water, support companies in their digital transformation and offer bio-ingredients for the well-being of humans and animals.

Premier Tech today records sales of more than one billion dollars and is growing internationally, driven by its 5  200 team members in 28 countries. This is our time as we move Beyond 100.

For more information about Premier Tech, visit www.premiertech.com

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SOURCE Premier Tech ltée

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Technology

InventHelp Inventor Develops Improved Wearable Blanket to Increase Warmth (TLS-4013)

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PITTSBURGH, Sept. 27, 2024 /PRNewswire/ — “I wanted to create a more comfortable and convenient blanket to provide warmth at home while relaxing or doing various chores without restricting your movement or use of hands,” said an inventor, from Batesville, Miss., “so I invented the HEAT WRAP. My design would offer an improved alternative to using portable heaters, conventional heated blankets, and heating pads.”

The patent-pending invention provides an improved design for a wearable blanket. In doing so, it would surround the wearer in cozy warmth. As a result, it increases comfort and relaxation. It also allows the user to stay productive at home and on the go. The invention features a versatile design that is easy to use so it is ideal for the general population, especially the elderly and those living in cold weather areas.

The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 23-TLS-4013, 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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Technology

Raken Expands Construction Equipment Management Solution With Enhanced Tracking, Reporting, and Maintenance

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SAN DIEGO, Sept. 27, 2024 /PRNewswire/ — Raken, the top-rated field management app for the construction industry, has expanded its equipment management capabilities to better help customers leverage their valuable assets.

The California-based software developer recently introduced new and enhanced workflows for detailed equipment tracking, automated reporting, and proactive maintenance. Combined with the app’s daily reports, time tracking, safety and quality management tools, and document management, this update to their equipment management features further establishes Raken as the all-in-one solution for improving field productivity and visibility.

Built with purpose

Raken developed its new, improved equipment management tools to meet one of the industry’s most vital needs. Equipment is a significant cost for most construction companies, who spend hundreds of thousands to millions of dollars buying, renting, and maintaining equipment every year.

“Knowing where equipment is, who is using it, and what condition it’s in is critical in construction,” said Mike Bates, VP of Corporate Strategy. “Raken makes it easy to capture and analyze key data points so you can protect and maximize your investment.”

Track, maintain, and report on owned and rented equipment

Contractors can improve equipment utilization and maintenance with Raken, helping to keep their projects on schedule and under budget.

Benefits for the field and office include:

Easily add new or update equipmentSee where each piece of equipment is located and its conditionTrack details such as deployment history, hours, mileage, and fuel consumptionReport on critical metrics to help reduce idle time, manage costs, improve operator productivity and moreMonitor deficiencies, maintenance schedules, and return dates

Raken’s equipment management tools include an automated dashboard for analyzing utilization trends, productivity, fuel consumption and Co2 emissions. Users can also run snapshot reports organizing equipment by custom criteria and view detailed deployment and usage summaries.

The app also allows users to enable automatic email notifications for scheduled repairs, returns, and maintenance, plus quickly track deficiencies by operator to provide targeted training or guidance.

“Raken now provides an even clearer view of all your assets across your company and projects, so you can maximize usage, better manage your budgets, and extend the lifespan of your equipment,” said Mike Bates.

Launching soon

Raken will continue to grow equipment management capabilities based on industry trends and customer feedback. Additional tools for tracking and reporting on small equipment units and status are currently in development, and will be released in the coming months.

About Raken

Raken is an all-in-one field management solution for the construction industry that uses mobile technology to streamline field workflows and build better projects. Designed for ease-of-use, our software empowers crews to quickly and easily share real-time data and updates from the jobsite. Raken helps customers increase project visibility and compliance with digital daily reports, time and production tracking, comprehensive safety tools, document management, and more. To learn more, visit www.rakenapp.com.

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SOURCE Raken

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