According to Fact.MR, a market research and competitive intelligence provider, the global underdrive lifting robot market is projected to reach a valuation of US$ 1.4 billion in 2023, with an impressive expected CAGR of 6.3% during the forecast period.

The recent pandemic has significantly accelerated the growth of the e-commerce industry, solidifying its role as a cornerstone of the future economy. This rapid expansion has driven an increased demand for warehouses and distribution centers to support efficient operations. Warehouse owners are prioritizing strategies to enhance operational efficiency, reduce costs, and improve transparency within their facilities.

According to Shopify, a leading e-commerce platform, online purchases accounted for 17.8% of global sales, with projections suggesting this figure will rise to 21% by 2022 and reach 24.5% by 2025. This growth highlights the critical need for advanced solutions, such as underdrive lifting robots, to streamline warehouse processes and meet the evolving demands of the e-commerce sector.

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According to the Parcel Shipping Index by Pitney Bowes, a global shipping and mailing company, 103 billion packages were shipped worldwide in 2019, with this figure expected to double by 2026. Parcels often require multiple movements within warehouses before delivery, presenting significant opportunities for under-drive lifting robots.

The expansion of e-commerce warehouses is driving demand for intelligent equipment capable of safely transporting products across various levels. To match the rapid growth of e-commerce, warehouse operators are increasingly turning to robotic solutions to enhance efficiency and minimize handling times.

As more facilities adopt robotic systems, the demand for under-drive lifting robots is projected to rise substantially in the coming years, supporting streamlined operations and meeting the evolving needs of modern warehousing.

Key Takeaways from Market Study

• The global under-drive lifting robot market is anticipated to grow at a robust CAGR of 6.3%, reaching a valuation of US$ 2.7 billion by 2033.
• Between 2018 and 2022, the market experienced steady growth with a CAGR of 4.4%.
• In terms of payload capacity, the 200-500 kg segment is projected to lead the market, estimated to be worth US$ 481 million in 2023.
• The U.S. is expected to dominate the North American market, accounting for an impressive 86.1% of the region's market share in 2023.
• By end-use industry, the logistics and warehouse sector is forecasted to hold a significant 26.2% share of the market in 2023.
• Among navigation technologies, laser-guided navigation under-drive lifting robots are predicted to command a market valuation of US$ 569.6 million in 2023, reflecting their growing adoption in automated operations.

“Ongoing Advancements in Robotic Technology is Expected to Aid the Market Growth” says a Fact.MR analyst.

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Key Companies Profiled in this Report

• DEUS ROBOTS
• Conveyco
• Gridbots Technologies Private Limited.
• HÖRMANN Group
• Kaze
• Locus Robotics
• Mobile Industrial Robots A/S
• Scallog
• Shenzhen WellWit Robotics Co., Ltd
• Techmetics Robotics

Market Development

Companies are actively launching innovative under-drive lifting robots through collaborations with established robotics manufacturers. The growing number of partnerships with leading logistics industry players is set to drive substantial growth in the under-drive lifting robot market in the coming years.

In January 2022, BGV Trident Capital invested $5 million in Deus Robots, a robotics manufacturing startup. This funding aims to scale up the production of warehouse logistics robots and expand the company’s developer base in Ukraine, with plans to enter international markets. Deus Robots currently offers two types of rack robots and, in 2021, successfully manufactured and delivered over 40 robots to customers.

In September 2022, Locus Robotics, a leading manufacturer of autonomous mobile robots (AMRs), announced an expanded partnership with DHL Supply Chain. Earlier, in June 2022, DHL Supply Chain revealed plans to acquire 2,000 AMRs from Locus Robotics. The expanded collaboration aims to deploy robots in DHL facilities to enhance high-volume order fulfillment operations, including supporting Carhartt, a global clothing retailer and DHL customer.

These developments highlight the strategic role of collaborations in driving innovation and meeting the growing demands of the logistics and warehousing industry.

Segmentation of Under Drive Lifting Robot Industry Research Report

• By Payload :
• Up to 200 kg
• 200-500 kg
• 500-1000 kg
• Above 1000 kg
• By Navigation Technology :
• Laser Guided Navigation
• Magnetic Navigation
• Magnetic Tape Navigation
• Magnetic Spot Navigation
• LiDAR SLAM Navigation
• Vision Navigation
• Combination (Multi Tech)
• By Speed :
• Up to 1 m/s
• 1- 2 m/s
• Above 2 m/s
• By End Use Industry :
• Aerospace & Defense
• Automotive
• Discrete Manufacturing
• Electronics & Semiconductor
• Food & Beverage
• Healthcare
• Logistics & Warehouse
• Packaging
• Paper & Printing
• Retail e-Commerce
• Others
• By Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

Read More: https://www.factmr.com/report/under-drive-lifting-robot-market

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global under drive lifting robot market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of payload (up to 200 kg, 200, 500 kg, 500-1000 kg, above 1000 kg), navigation technology (laser guided navigation, magnetic navigation (magnetic tape navigation, magnetic spot navigation), LiDAR SLAM Navigation, vision navigation, combination (multi tech), speed (up to 1 m/s, 1- 2 m/s, above 2 m/s), end use industry (aerospace & defense, automotive, discrete manufacturing, electronics & semiconductor, food & beverage, healthcare, logistics & warehouse, packaging, paper & printing, retail e-commerce, others) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).

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