Warehouse Robotics Market Size, Share, Growth Analysis, By Component, Type(AMRs, AGVs, Articulated Robots, Cylindrical & SCARA Robots, Cobots), Function(Pick & Place, Palletizing & De-palletizing, Transportation, Packaging), Payload Capacity, Industry, and Region - Industry Forecast 2024-2031


Report ID: SQMIG20I2149 | Region: Global | Published Date: July, 2024
Pages: 202 |Tables: 127 |Figures: 77

Warehouse Robotics Market Insights

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). 

The surge in e-commerce and retail industries, coupled with labor shortages and the drive to enhance warehouse throughput, is propelling market growth. Warehouse robotics enhances facility safety by undertaking hazardous tasks that pose risks to human workers. The expanding e-commerce sector, fueled by an excess of websites and choices, is outgrowing technological progress. Innovations such as virtual reality (VR), augmented reality (AR), blockchain technology, machine learning (ML), and artificial intelligence (AI) aid marketers in refining the shopping experience. 

Moreover, industry players in warehouse robotics are constantly seeking novel methods to reduce operational costs, delivery times, and worker hazards. By automating e-commerce warehouses, robots offer cost-efficient and intelligent alternatives to human labor. Consequently, the burgeoning e-commerce industry is anticipated to drive market growth further. 

Robots are employed to automate various tasks in the packing and shipping sectors, including loading, delivery, and unloading. To reduce dependency on human labor, warehouse companies are increasingly adopting automated solutions. Robots, being less prone to errors, save time and effort in repetitive tasks that workers find monotonous. They also empower staff to handle heavy and dangerous jobs, providing strength, efficiency, and expertise to ensure employee safety while boosting productivity. 

Market players are focused on optimizing warehouse operations while reducing costs. Issues like delivery faults, picking errors, and transportation damage inflate operational expenses and diminish profitability. Consequently, businesses are turning to warehouse automation to simplify processes and eliminate performance bottlenecks. Warehouse robotics has enabled companies to meet order quality standards, streamline protocols and procedures for various operations, and enhance overall business productivity.

US Warehouse Robotics Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - . (2024–2031). 

Global Market Size

USD 5.39 billion

Largest Segment

Transportation

Fastest Growth

Transportation

Growth Rate

13.2% CAGR

Global Warehouse Robotics Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Warehouse Robotics Market Segmental Analysis

Global Warehouse Robotics Market is segmented based on Type, Function, Payload Capacity, Industry, and region. Based on Type, the market is segmented into Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Articulated Robots, Cylindrical & SCARA Robots, COBOTS, Others. Based on Function, the market is segmented into Pick & Place, Palletizing & De-palletizing, Transportation, Packaging. Based on Payload Capacity, the market is segmented into Less than 20kg, 20-100kg,100-200kg, Greater than 200kg. Based on Industry, the market is segmented into Automotive, Semiconductor & Electronics, Chemical, E-Commerce & 3PL, Food & Beverage, Healthcare, Metals & Heavy Machinery, Others. Based on region, the Warehouse Robotics Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA. 

Warehouse Robotics Market Analysis by Type  

The automated guided vehicles (AGVs) segment is set to dominate the warehouse robots market. Activities such as picking, placing, transportation, and packing generate substantial demand for robotic assistance. In 2022, AGVs held the largest market share, primarily because they streamline the movement of goods within warehouses, significantly lowering operational and labor expenses. These vehicles facilitate intelligent routing, ensuring both products and personnel remain unharmed. AGVs represent strong material handling solutions, offering flexibility, scalability, and the ability to handle high payloads efficiently. This makes them essential in modern warehouse operations, where efficiency and safety are paramount. 

Autonomous mobile robots segment is expected to grow during the forecasted period. This surge can be attributed to relentless technological steps in the global warehouse and logistics sectors, encompassing machine learning, computer vision, and artificial intelligence, which are crafting increasingly sophisticated mobile robots. The increasing demand for efficient and cost-effective logistics solutions to bolster productivity and profitability has propelled companies to embrace mobile robots. Furthermore, their adoption spans diverse industries, including manufacturing, healthcare, retail, and agriculture, thanks to their features such as autonomous operation and easy maneuverability. These advancements are driving the development of smarter mobile robots, enhancing their functionality and efficiency across various applications. 

Warehouse Robotics Market Analysis by Function 

The transport function is expected to grow at a CAGR of more than 20% between 2024 and 2031. The ongoing expansion of the retail and e-commerce sectors, together with the growing need for automated robotics for increased efficiency and lower costs in logistics, has fueled growth in the transportation market. Furthermore, adopting transport robots helps companies overcome labor scarcity worries by automating a number of operations. KNAPP AG, for example, cooperated with eMAG.ro, MALL.CZ, HPTRONICS, and Alza.cz in November 2022. This collaboration has assisted enterprises in improving their logistics and operations, allowing them to maintain a solid position as a key technology provider for e-commerce logistics in Central and South Eastern Europe. 

The pick-and-place function segment is expected to grow the market, driven by relentless advancements in robotics technology that enhance effectiveness, precision, and adaptability. Picking remains the predominant warehouse activity undertaken by robots, integral to order fulfillment and replenishment. This process involves navigating product aisles to retrieve items or deposit goods in storage bins and shelves. Order picking robots significantly curtail order processing durations and related costs by diminishing travel time within the warehouse. This automation not only boosts efficiency but also optimizes overall operational workflow, underscoring the transformative impact of cutting-edge robotics in modern warehousing.

Global Warehouse Robotics Market By Function

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Warehouse Robotics Market Regional Insights

In 2023, the Asia Pacific region seized the largest portion of revenue and is anticipated to sustain its supremacy throughout the projected period. The escalating deployment of warehouse automatons in this domain, coupled with the presence of prominent entities like Fanuc company, Yaskawa Electric Corporation, TOSHIBA CORP., and several others, has propelled the expansion of the market. Moreover, the persistent progression in the retail, manufacturing, and FMCG sectors within the region is poised to engender lucrative prospects for market growth. 

Latin America is expected to have the highest CAGR between 2023 and 2031. The region offers tremendous growth possibilities due to significant expansion in the e-commerce business. The top corporations focus on entering new markets in order to add value to the market. For example, in July 2022, Geek+, an autonomous mobile robot (AMR) technology firm, established a partnership with Körber Supply Chain to expand throughout Latin America. Rising R&D investments are projected to provide the industry with appealing growth potential.

Global Warehouse Robotics Market By Region
  • Largest
  • Fastest

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Warehouse Robotics Market Dynamics

Warehouse Robotics Market Drivers 

Growth in e-commerce 

  • The growth of e-commerce has driven a high demand for warehouse automation and robotics. With increasing online shopping, warehouses must process and fulfill orders swiftly, efficiently, and accurately. This need for speed and precision has led to greater investment in robotic systems to manage the rising volume of e-commerce orders effectively. 

Surge in Venture Capital Funding Fuels Growth 

  • The warehouse robotics sector has garnered considerable venture capital influx, propelled by escalating demand for automation in logistics and storage arenas. Investors, lured by promising returns from heightened efficiency and cost mitigation, are catalyzing innovation and market proliferation. This surge in financial backing underscores robust investor conviction in the burgeoning warehouse robotics industry, heralding significant technological advancements and sectoral expansion. 

Warehouse Robotics Market Restraints 

High initial investment 

  • The incorporation of robotics within warehouse operations can incur substantial financial outlay, necessitating a considerable capital investment. This financial burden may pose challenges for certain enterprises, particularly those with limited warehouse space or minimal order volumes, in justifying the expenditure. As a result, the cost-effectiveness of implementing such technology becomes a critical consideration for businesses aiming to optimize their operational efficiency while balancing financial constraints. 

Intricacies of Robotic Integration 

  • The seamless integration of robots into existing warehouse frameworks presents a formidable challenge. Warehouses may find themselves compelled to enact modifications to their spatial arrangements or operational processes to effectively accommodate these robotic entities. Such alterations, albeit necessary, can induce disruption and consume considerable time and resources.

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Warehouse Robotics Market Competitive Landscape

The market's top players concentrate on producing novel collaboration software in order to attract a larger client base and obtain a competitive advantage. For example, Honeywell International Inc. announced the establishment of a new research and development facility in February 2023 to expand its technology, which has aided warehouse and logistics organizations all throughout Europe. The increasing number of such advancements is likely to boost market growth throughout the forecast period. 

Warehouse Robotics Market Top Player’s Company Profiles

  • Yaskawa Electric Corporation
  • Kawasaki Robotics
  • Universal Robots
  • Rethink Robotics
  • Fetch Robotics
  • Clearpath Robotics
  • GreyOrange
  • Swisslog Holding AG
  • Honeywell Intelligrated
  • Dematic Corporation
  • IAM Robotics
  • Locus Robotics
  • 6 River Systems
  • Geek+ Robotics
  • Balyo
  • Magazino GmbH
  • SSI Schaefer AG

Warehouse Robotics Market Recent Developments

  • In May 2023, DHL unveiled plans to integrate 5,000 autonomous mobile robots into its warehouse operations in collaboration with Locus Robotics. These robots are poised to revolutionize tasks related to picking, packing, and distribution within the warehouse environment. 

  • In May 2023, DF Automation & Robotics SDN BHD introduced a new brand logo for its autonomous mobile robots, aptly named TITAN. These TITAN robots are designed to withstand heavy loads of up to 1.5 tonnes, offering a robust solution for industrial applications. 

  • In March 2023, Thira Robotics, a South Korean manufacturing firm, launched a groundbreaking autonomous mobile robot tailored for the U.S. market. This innovative robot is equipped with advanced navigation capabilities to navigate through dynamic environments seamlessly.

Warehouse Robotics Key Market Trends

  • Enhancing Warehouse Robotics with AI and ML: The fusion of artificial intelligence (AI) and machine learning (ML) has emerged as a pivotal strategy in enhancing the efficacy of warehouse robotics systems. By dissecting data gleaned from an array of sensors and diverse sources, AI and ML algorithms facilitate the fine-tuning of robot movements, thereby orchestrating a harmonious synergy that culminates in heightened operational efficiency and productivity.

Warehouse Robotics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research. 

According to our analysis, we found that the Warehouse Robotics market Factors including growing e-commerce and retail industries, shortages of workers, and rising desire to increase warehouse throughput are driving market expansion. Warehouse robotics improves facility safety by taking over risky operations that endanger workers. The rising e-commerce business, thanks to the abundance of websites and options, leads to technological advancements. Virtual reality (VR), augmented reality (AR), blockchain-based technology, machine learning (ML), and artificially intelligent (AI) are all assisting marketers in improving the buying experience.

Report Metric Details
Market size value in 2022 USD 5.39 billion
Market size value in 2031 USD 16.45 billion
Growth Rate 13.2%
Base year 2023
Forecast period . (2024–2031). 
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Articulated Robots, Cylindrical & SCARA Robots, COBOTS, Others
  • Function
    • Pick & Place, Palletizing & De-palletizing, Transportation, and Packaging
  • Payload Capacity
    • Less than 20kg, 20-100kg, 100-200kg, Greater than 200kg
  • Application
    • Automotive, Semiconductor & Electronics, Chemical, E-Commerce & 3PL, Food & Beverage, Healthcare, Metals & Heavy Machinery, others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Yaskawa Electric Corporation
  • Kawasaki Robotics
  • Universal Robots
  • Rethink Robotics
  • Fetch Robotics
  • Clearpath Robotics
  • GreyOrange
  • Swisslog Holding AG
  • Honeywell Intelligrated
  • Dematic Corporation
  • IAM Robotics
  • Locus Robotics
  • 6 River Systems
  • Geek+ Robotics
  • Balyo
  • Magazino GmbH
  • SSI Schaefer AG
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Warehouse Robotics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Warehouse Robotics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Warehouse Robotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Warehouse Robotics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Warehouse Robotics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Warehouse Robotics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

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). 

The market's top players concentrate on producing novel collaboration software in order to attract a larger client base and obtain a competitive advantage. For example, Honeywell International Inc. announced the establishment of a new research and development facility in February 2023 to expand its technology, which has aided warehouse and logistics organizations all throughout Europe. The increasing number of such advancements is likely to boost market growth throughout the forecast period.  'KUKA Robotics', 'ABB Robotics', 'Fanuc Robotics', 'Yaskawa Electric Corporation', 'Kawasaki Robotics', 'Universal Robots', 'Rethink Robotics', 'Fetch Robotics', 'Clearpath Robotics', 'GreyOrange', 'Swisslog Holding AG', 'Honeywell Intelligrated', 'Dematic Corporation', 'IAM Robotics', 'Locus Robotics', '6 River Systems', 'Geek+ Robotics', 'Balyo', 'Magazino GmbH', 'SSI Schaefer AG'

The growth of e-commerce has driven a high demand for warehouse automation and robotics. With increasing online shopping, warehouses must process and fulfill orders swiftly, efficiently, and accurately. This need for speed and precision has led to greater investment in robotic systems to manage the rising volume of e-commerce orders effectively. 

Enhancing Warehouse Robotics with AI and ML: The fusion of artificial intelligence (AI) and machine learning (ML) has emerged as a pivotal strategy in enhancing the efficacy of warehouse robotics systems. By dissecting data gleaned from an array of sensors and diverse sources, AI and ML algorithms facilitate the fine-tuning of robot movements, thereby orchestrating a harmonious synergy that culminates in heightened operational efficiency and productivity.

In 2023, the Asia Pacific region seized the largest portion of revenue and is anticipated to sustain its supremacy throughout the projected period. The escalating deployment of warehouse automatons in this domain, coupled with the presence of prominent entities like Fanuc company, Yaskawa Electric Corporation, TOSHIBA CORP., and several others, has propelled the expansion of the market. Moreover, the persistent progression in the retail, manufacturing, and FMCG sectors within the region is poised to engender lucrative prospects for market growth. 

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