According to the latest report by IMARC Group, titled, “Logistics Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global logistics robots market size reached US$ 15.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 58.6 Billion by 2028, exhibiting a growth rate (CAGR) of 22.6% during 2023-2028.
Logistics robots are specially-designed autonomous devices that are used for transporting resources in a logistic network. They help in performing various intralogistics processes within warehouses and storage facilities, including storing, moving, and organizing goods. Mobile automated guided vehicles (AGVs) and robotic arms are some of the examples of logistics robots. They operate in predefined pathways and streamline the supply chain, thereby reducing the cost of logistics and offering a greater level of uptime. Moreover, logistics robots are equipped with visual, audio, or thermal sensors according to the requirement. As they offer significant profit and productivity gains in comparison to manual labor, they are gaining immense traction in both the developing and developed nations.
Logistics Robots Market Trends:
To get a strong foothold in the market, several companies are incorporating logistics robots in their warehouse and storage facilities to enhance their operational efficiency. In addition to this, the booming e-commerce industry is providing a thrust to the market growth. Increasing income levels, internet penetration, and changing living lifestyles have augmented the number of online buyers, which has led to the adoption of robotic solutions to map the delivery timeline and automate the transportation process.
Apart from this, several companies like XPO Logistics, Inc., Amazon.com, Inc., and DB Schenker are investing in innovative solutions like the integration of artificial intelligence (AI) and real-time tracking in logistics and warehousing operations. Such innovations and investments in this field are expected to create a positive outlook for the market. Furthermore, the breakout of the coronavirus disease (COVD-19) has fueled the demand for logistics robots to reduce the spread of the disease and minimize the losses incurred due to lockdowns. On account of these factors, the market is expected to exhibit a CAGR of 22.6% during 2023-2028.
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Logistics Robots Market 2023-2028 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- ABB Ltd.
- Asic Robotics AG
- Clearpath Robotics Inc.
- FANUC Corporation
- Fetch Robotics Inc.
- Kion Group AG
- KUKA Aktiengesellschaft (Midea Group Co. Ltd.)
- Omron Corporation
- Toshiba Corporation
- Yaskawa Electric Corporation.
The report has segmented the market on the basis on component, end user and industry vertical.
The Breakup by Component:
Breakup by Robot Type:
- Autonomous Mobile Robots
- Automated Guided Vehicles
- Robotic Arms
The Breakup by Function:
- Pick and Place
- Loading and Unloading
- Packing and Co-Packing
- Shipment and Delivery
Breakup by Operation Area:
Factory Logistics Robots
- Warehouse Logistics Robots
- Outdoor Logistics Robots
Breakup by End Use Industry:
- Food and Beverages
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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