How Has The Inventory Robots Market Size Evolved Historically?
The inventory robots market has seen considerable growth due to a variety of factors.
• The market size of inventory robots has experienced a significant increase in recent years. The projection for this market indicates a rise from $119.34 billion in 2024 to $133.84 billion in 2025 with a compound annual growth rate (CAGR) of 12.1%.
The reasons for this massive historic growth include the expansion of e-commerce which requires quicker order fulfillment, the improvements in robotic technology which make automation more affordable, labor shortages inspiring investments in automated solutions, the need to reduce human errors, the competition-driven necessity to improve supply chain management, and increasing complexity of inventory systems leading to the need for more advanced management tools.
What Is The Projected Growth Of The Inventory Robots Market?
The inventory robots market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for a swift expansion in the market size of inventory robots, which is projected to reach $209.53 billion by 2029 with a compound annual growth rate (CAGR) of 11.9%.
This predicted growth over the forecast period is mainly attributable to the rapid progression in AI and machine learning, the expansion of smart warehouses incorporating IoT, the rising expectations of consumers for speedier deliveries, and increased investments in automation across various business domains. Other factors contributing to this growth include the necessity for a more resilient supply chain, the pursuit of cost cuts and improved operational efficiency, and the shift towards green and eco-friendly technologies. Prevalent trends for the forecast period encompass the fusion of advanced machine vision with AI, the invention of self-reliant mobile robots with superior navigation capabilities, customizable and modular robotic systems, amplified data analytics for real-time insights, energy-saving and eco-friendly robotic designs, and the introduction of self-operating drones for inventory administration.
Which Factors Are Boosting Growth In The Inventory Robots Market?
The expansion of the inventory robots market is seen to be spurred by the progression of e-commerce. Essentially, e-commerce involves the digital trading of goods and services. All web-based transactions, such as shopping, payment, and delivery, fall under this category, thereby fostering electronic commerce between businesses and consumers. The ease of online shopping, a wide array of products, price comparison convenience, along with technological enhancements and widespread internet accessibility, contribute to the e-commerce surge. Inventory robots play a pivotal role in this framework, handling tasks like sorting, retrieving, and managing products, thereby boosting efficiency, reducing errors, and accelerating order fulfillment in warehouses. In the second quarter of 2024, e-commerce sales hit $282.3 billion, marking a 5.3% quarter-over-quarter increase, as stated by data released by the US-based government agency, the United States Census Bureau, in August 2024. As far as retail sales for the same quarter went, e-commerce had a 16% share. Consequently, the upward trend of e-commerce is seen to be the driving force behind the ascension of the inventory robots market.
What Are The Principal Market Segments In The Global Inventory Robots Healthcare Industry?
The inventory robots market covered in this report is segmented –
1) By Product: Mobile Robotics, Fixed Robotics
2) By Component: Hardware, Software, Services
3) By End-User: Automotive, Metal And Machinery, Retail And E-Commerce, Food And Beverages, Pharmaceuticals, Other End Users
Subsegments:
1) By Mobile Robotics: Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), Robotic Cart Systems, Drones For Inventory Management, Robotic Tuggers And Transporters
2) By Fixed Robotics: Conveyor Belt Robots, Robotic Arms For Inventory Handling, Fixed-Position Sorting Robots, Robotic Shelving and Retrieval Systems, Pick-and-Place Robots
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Which Emerging Market Trends Are Altering The Inventory Robots Market?
The inventory robots market is seeing a significant growth due to the focus of key players on the development of innovative robots like the autonomous aisle-scanning robots. These robots are revolutionizing inventory management, enhancing store operations and elevating the customer experience. Such robots are capable of self-navigation throughout store aisles, wherein they monitor inventory, product positioning, and the condition of store shelves thereby improving efficiency and accuracy in retail stores. For instance, Simbe Robotics, a US-based automation tech company, in July 2024 launched its Tally Robot. This new feature lets retailers oversee store shelves from a distance by utilizing images captured by their aisle-scanning robots. It provides personnel the ability to view store conditions on mobile or desktop devices by delivering high-resolution photos and time-lapse videos of store shelves from many heights. The imagery and data gathered by Simbe's Tally robots can now be accessed and analyzed through mobile applications, enabling staff and store managers to track inventory, product placements, and other store features in real-time. This development highlights the increasing dependency of retailers on data analysis for effective store administration.
Who Are the Key Players in the Inventory Robots Market?
Major companies operating in the inventory robots market are include:
•Jabil Inc.
• Kion Group AG
• Zebra Technologies Corporation
• Daifuku Co. Ltd.
• KUKA AG
• Ocado Group plc
• Amazon Robotics LLC
• Knapp AG
• Bastian Solutions LLC
• 6 River Systems Inc.
• Grenzebach Maschinenbau GmbH
• Geek+ Technology Co. Ltd.
• Locus Robotics Inc.
• Bossa Nova Robotics Inc.
• Brain Corp.
• Fetch Robotics Inc.
• Clearpath Robotics Inc.
• GreyOrange Pte. Ltd.
• RightHand Robotics Inc.
• Simbe Robotics Inc.
• IAM Robotics Inc.
• MetraLabs GmbH
• PAL Robotics S.L.
• Keonn Technologies S.L.
What are the Regional Insights into the Inventory Robots Market?
North America was the largest region in the inventory robots market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inventory robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
