We are a leader in the global Autonomous Mobile Robot (“AMR”) market. We offer a series of AMR solutions to empower warehouse fulfillment and industrial material transport, enhancing supply chain efficiency while reducing reliance on manual labor. We have been the world’s largest warehouse fulfillment AMR solution provider in terms of revenue in 2024, which is the sixth consecutive year we have maintained this leading position, according to CIC. We offer the most extensive range of warehouse fulfilment AMR solutions in the industry, according to CIC, covering a wide variety of use cases and technology approaches. Our technology innovations, commitment to product quality and long-term reliable service are well recognized and widely accepted by approximately 800 end customers worldwide, making us the warehouse fulfillment AMR solution provider with the largest global customer base, according to CIC. As of December 31, 2024, we have shipped approximately 56,000 AMRs across over 40 countries and regions worldwide. The global warehouse fulfillment AMR solution market in which we operate is a sub-set of the global warehouse automation solution market. According to CIC, in 2024, we occupied a 9.0% market share in the overall global warehouse fulfillment AMR solution market and approximately 1% market share of the global warehouse automation solution market.
Market Challenges
Hindered by inefficiencies, unreliability, high operational costs and inflexibility, traditional unautomated warehouse solutions and current rigid warehouse automation solutions are facing significant challenges to keep up with the fast-paced demands of modern commerce, particularly as labor costs rise and the workforce shrinks.
‧ Inefficiency: Traditional warehouse solutions rely heavily on manual labor who spend 70% of time in walking to shelves to pick goods, according to CIC. In addition, manual operations typically require wide aisles and ample space for workers and usually lead to inefficient layout and space management, which limits the overall warehouse space utilization.
‧ Unreliability: Labor intensive warehouse solutions increase the risk of human errors, which may result in incorrect order processing, as well as inventory misplacement and delays.
‧ High operational costs: Rising global wages, combined with increasing labor shortages due to factors like an aging workforce, are significantly driving up operational costs. Businesses are incurring higher expenses to recruit, train and retain workers. Additionally, the need for extra staffing during peak period further escalates costs, making it difficult to maintain efficiency and profitability in warehouse process.
‧ Inflexibility: Rigid warehouse automation solutions are designed for specific tasks, making them less capable of handling the variability and complexity of modern logistics operations. Any required changes often involve costly and time-consuming adjustments to the infrastructure.
As warehousing scenarios become increasingly complex, businesses today are yearning for solutions that are highly adaptable in the fast-changing and dynamic environments.
Our Solutions
We emerge as the facilitator in the industry, offering efficient, reliable and flexible AMR solutions that help businesses maintain operational efficiency and meet evolving market demands. As the global market leader, we pioneered a range of advanced AMR solutions, as
We offer flexible solutions and functionalities enabling the entire warehouse automation process:
‧ Geek+ Shelf-to-Person Picking Solution: Our Geek+ Shelf-to-Person Picking Solution comprises (i) standard solution featuring our P-series robots and (ii) our PopPick Solution empowered by P-series robots and PopPick workstations. Our PopPick Solution focuses on transporting movable shelves to designed workstations, offering high flexibility for handling various item sizes and types efficiently. We are the world’s first AMR solution provider to offer an innovative, all-in-one PopPick Solution, according to CIC, which swiftly brings the goods to the human picker, addressing end customers’ needs for high throughput, compatibility, storage, and efficiency in warehousing. According to CIC, our PopPick Solution leads the industry in terms of compatibility, throughput efficiency, storage capacity, and overall operation effectiveness as compared to the solutions of our peers. The Geek+ Shelf-to-Person Picking Solution achieves a picking efficiency of up to 400 units per hour per workstation (with one operator), significantly higher than the industry average of less than 180 units, and delivers a picking accuracy of 99.99%, compared to the industry average of below 99.90%.
‧ Geek+ Tote-to-Person Picking Solution: We are the world’s first AMR solution provider to offer Geek+ Tote-to-Person Picking Solution featuring RS-series and P-series robots with a high degree of personalization, according to CIC, which is designed to optimize the efficiency of box-based picking operations. It is specifically designed for vertical storage, making it ideal for industries that require high storage density with moderate throughput. This solution is engineered for optimizing storage density, cost efficiency, and operational flexibility. According to CIC, our Geek+ Tote-to-Person Picking Solution sets industry-leading standards in the utilization of storage volume. Our Geek+ Tote-to-Person Picking Solution features a storage height of up to 12 meters, exceeding the industry average of less than 10 meters, and supports a minimum aisle width of 1000 mm, compared to the industry average of over 1100 mm.
‧ Geek+ Pallet-to-Person Picking Solution: We are the first in the world to launch the Geek+ Pallet-to-Person Picking Solution, a high-density, high-throughput integrated storage and picking system which increases both storage capacity and operational efficiency, according to CIC. This solution is designed for handling whole pallets and original containers, making it ideal for bulk operations where quick access to large quantities is essential. According to CIC, our Geek+ Pallet-to-Person Picking Solution offers industry-leading storage capabilities, with the highest storage height reaching up to 28 meters. Moreover, with Geek+’s Pallet-to-Person solution, storage efficiency is increased by over five times, saving 60% of aisle space compared to traditional forklifts, and maximizing warehouse capacity by up to 500%, according to CIC.
‧ Smart Sorting Solution: We adopted one of the world’s first robotic flexible sorting solutions, namely our FleetSort Solution, according to CIC. We are the first in the AMR market to introduce a flexible sorting solution that operates without the need for a steel platform, according to CIC. This solution is designed to efficiently sort small to medium-sized parcels at floor level. It offers versatile sorting capabilities that support replenishment, returns and fulfillment processes. Moreover, the sorting efficiency achieved by our robotic flexible sorting solution is 10 times more efficient than manual processing, with rapid deployment times enabling quick returns on investment. According to CIC, our robotic flexible sorting solution leads the industry in automation, efficiency, flexibility, and ROI.
‧ Smart Moving Solution: Our smart moving solution comprises (i) material handling solution and (ii) forklift solution. Our smart moving solution covers various processes in warehouses and factories, spanning across raw material storage and retrieval, material handling and transportation, and finished product warehousing. Our smart moving solution is designed for production lines that require raw material feeding, improving material flow and streamlining loading and unloading processes on conveyors or production lines. It replaces manual carts with automated systems. Our forklift solution automates pallet transportation, efficiently addressing the needs of various inter-area transport scenarios. According to CIC, we are one of the leaders in the global AMR solution market that introduces laser-vision fusion SLAM navigation technology that equips our AMRs with one of the most advanced positioning capabilities in the industry.
Source: Geekplus-W (02590) Prospectus (IPO Date : 2025/06/30) |