Under Drive Lifting Robot Market

Under Drive Lifting Robot Market Outlook (2023-2033)

The global under drive lifting robot market is set to surpass a valuation of US$ 1.4 Billion in 2023 and further expand at a CAGR of 6.3% to reach US$ 2.7 Billion by the end of 2033.

Sales of under drive lifting robot accounted for around 3.9% of the overall global robot market at the end of 2022.

Report Attributes	Details
Under Drive Lifting Robot Market Size (2022A)	US$ 1.3 Billion
Estimated Market Value (2023E)	US$ 1.4 Billion
Forecasted Market Value (2033F)	US$ 2.7 Billion
Global Market Growth Rate (2023-2033)	6.3% CAGR
North America Market Share (2023)	~ 21.3%
North America Market Value (US$ Mn), 2023	US$ 317 Million
Europe Market Share (%), 2023	~24.2%
Europe Market Value (US$ Mn), 2023	US$ 360.8 Million
China Market Share (%), 2023	~20.7%
China Market Value (US$ Mn)	US$ 308.7 Million
Top 3 country Market Share (%)	~46.2%
Key Companies Profiled	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

Sales Analysis of Under Drive Lifting Robot (2018-2022) Vs. Market Forecast Outlook (2023-2033)

According to the recent analysis by Fact.MR, a market research and competitive intelligence provider, use of under drive lifting robot witnessed a growth rate of 4.4% over the past half-decade. This was due to the increased usage for racks and shelves lifting in warehouses and manufacturing units.

According to the current trend visible in the market such as warehouse automation and retail automation to reduce labor costs, improve productivity, accuracy and safety, it can be predicted that under drive lifting robot market may have a market value of US$ 1.4 Bn in 2023.

The global market is expected to witness prominent growth with an absolute dollar opportunity accounting to 1.3 Bn. Fact.MR estimates that the growth of the global under drive lifting robot market will be 1.8 times by 2033. Robotics backed by intelligence is enabling the warehousing and manufacturing operations to stay competitive by incorporating process automation to improve efficiency, productivity, work safety and product quality.

Under drive lifting robot, also known as rack robot or deck lifter are also pioneers in the robotics revolution, moving around the warehouses independently to move racks, shelves and decks thereby eliminating the need of operators to involve in labor intensive work and boosting productivity. As material handling demand evolve and change,

With rising e-commerce industry bringing sweeping changes across global retail and logistics, growing number of companies are adopting robotic automation solutions, which will drive the growth of autonomous shelf lifters.

• Short Term (2023 Q1 to 2026): Labor shortage and skilled labor challenges post COVID to improve the sales of under drive lifting robot.
• Medium Term (2026-2029): Growing investment across the industries in automated robot warehouse solutions to drive the sales of under drive lifting robot.
• Long Term (2029-2033): Emergence of Industry 5.0 will improve long-term growth in the market.

Over the 2018-2022 historical period, the global under drive lifting robot market registered a CAGR of 4.4%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is anticipated to exhibit growth at 6.3% CAGR between 2023 and 2033.

Market share analysis of under drive lifting robot based on payload and region is illustrated briefly in the above image. Under the payload segment, the 200-500 kg sub-segment will dominate with 32.2% market share in 2023.

What’s Driving Demand for Under Drive Lifting Robot?

“Lack of Skilled Labor Workforce Improving the Sales of Under Drive Lifting Robot”

There is a scarcity of skilled labor in warehouses and manufacturing plants post pandemic, especially in emerging economies. According to US Bureau of Labor Statistics 67% of total separations were reported fueling a growing labor shortage across various industries.

With the use of automatic rack lifts, critical tasks like moving shelves can be done effortlessly cutting down the time. Increasing number of end use industries are investing on autonomous deck lifts while struggling to find skilled labor along with rising labor costs.

Under drive lifting robot also improves the accuracy and overall efficiency of transporting shelves by reducing human footprint and associated stress. As a result, the demand for under drive lifting robot is estimated to witness considerable growth in following years.

“Increasing Adoption of Robotics in Warehouses Expected to Propel Growth”

Warehouse robotics technology is advancing, making it suitable for growing number of businesses in different industries. The use of automated rack lifts provide improved uptime compared to manual labor, boosting productivity in a vast array of end use industries. Retail giants Walmart and Amazon have already adopted robotics in their warehouses and planning to expand in their fulfilment centers.

The adoption of under drive lifting robots in warehouses has picked up pace recently. Automated shelf lifts ensures a flexible transportation of heavy load racks and shelves by reducing physical stress on human beings and increasing operational efficiency. Under drive lifting robots will undoubtedly bring a huge transformation in warehouse automation as it continues to develop technologically.

What Concerns Should Under Drive Lifting Robot Manufacturers Watch Out?

“High Initial Investment May Hinder the Market Growth and Installation”

The cost of under drive lifting robot are high and the manufacturers that develop under drive lifting robot currently are limited, making it costlier. High capital investment is required in procuring and programming autonomous deck lifts, which may discourage various end use industries from investing on such huge capital initially.

Small and medium-sized companies have relatively small budgets and are reluctant to incur high initial costs in robotic solutions, hence hire laborers for performing rack transportation in warehouses. Along with that since under drive lifting robot are more complex, the maintenance will be expensive and time consuming. This will generate pressure on the end use industries to reduce costs, which may act as a restraint on the market.

Country-wise Insights

How Expanding E-commerce Industry in the U.S. Positively Impacting the Market?

The U.S accounts for a majority of the market share in the global under drive lifting robots market owing to rapid expansion of e-commerce industry and heightened demand from warehouses. As technology awareness grows, more warehouse in the US are turning to under drive lifting robots to guarantee maximum availability, more efficient use of space, higher performance and lower operating costs. Other driving forces include rising labor costs and demand for rapid order fulfillment in e-commerce industry.

Due to the above mentioned factors, US is expected to reach a valuation of US$ 272.9 Mn by the end of 2023 and is expected to witness a CAGR of 5% over forecast period.

What Makes China Center Stage for Under Drive Lifting Robots?

China, ‘The World’s Factory’, thrives as a manufacturing powerhouse and flexible benefits of under drive lifting robots for material transfer by tugging/lifting and to assist modular manufacturing lines will drive the market growth. The emergence of new e-commerce platforms and pandemic is driving the e-commerce activities in the country which will result in an increased demand for material handling equipment to improve operational efficiency.

China is predicted to grow at a CAGR of close to 4% because of these factors. A rise in number of business in China building their e-commerce stores or expanding their existing footprint are expected to increase the sales of under drive lifting robots. China is expected to reach a valuation of US$ 308.7 Mn by the end of 2023.

Category-wise Insights

How Logistics & Warehouses as End Use Industry to be Focus for Manufacturers?

Under drive lifting robots have specific features for high-productivity material handling and logistics applications. These equipment can be deployed in warehouses for tackling a wide variety of material handling tasks. Under drive lifting robots can also easily extend and relocate guidance strips in the warehouses, providing it great flexibility.

In 2023, the demand for under drive lifting robot from logistics and warehouse end use industry is predicted to have the highest market share of 26.2% and a market value of US$ 391.1 Mn and hence are expected to have a huge demand in the future as well.

What is the Most Preferred Payload for Under Drive Lifting Robots in the Market?

As the most common application of these under drive lifting robots are in e-logistics and warehouses, the payload of 200-500 kg is the dominate segment. This payload segment is ideally suited for transporting items within production, warehouse, fulfilment and distribution centers.

200-500 kg under drive lifting robots are predicted to have a market value of US$ 481 Mn in 2023 and is expected to capture nearly 32.3% of the demand in the under drive lifting robots market.

Competitive Landscape

Prominent manufacturers of the under drive lifting robot industry globally are DEUS ROBOTS, Conveyco, Gridbots Technologies Private Limited., HORMANN Group, Kaze, Locus Robotics, Mobile Industrial Robots A/S, Scallog, Shenzhen WellWit Robotics Co., Ltd and Techmetics Robotics.

Manufacturers of robotic solutions are entering into under drive lifting robot market by expanding their portfolio.

For instance :

• In March 2022, leading robotic deck lifting manufacturer, Techmetics Robotics, launched the TRV Max Series. TRV lifter is capable of moving up to 550 lbs approaching shelf from the beneath and transporting to the destination and moves at a maximum speed of 1 m/s. The model also comes in a robot cart version and robot base version to customize the needs.
• In June 2022, leading moving rack mobile robot manufacturer, HORMANN Intralogistics a part of HORMANN group announced a new collabration with Caja Robotics, a leading player in robotic and flexible goods-to-person solutions. The partnership aims at providing warehouse solutions initially focusing in German, Austrian and Swiss markets.

Fact.MR has provided detailed information about the price points of key manufacturers of Under Drive Lifting Robot positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Under Drive Lifting Robot Industry Research

• 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