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.
Industry Definition and Application:
Logistics robots are autonomous devices specifically designed for transporting resources within a logistic network. They play an essential role in performing various intralogistics processes in warehouses and storage facilities, such as storing, moving, and organizing goods. Some commonly used logistics robots include mobile automated guided vehicles (AGVs) and robotic arms. They operate along predefined pathways and optimize the supply chain, resulting in reduced logistics costs and improved uptime. They are equipped with sensors, including visual, audio, or thermal sensors, as per the specific requirements. Since they deliver significant profit and productivity gains compared to manual labor, logistics robots are gaining immense traction in both developing and developed nations across the globe.
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Logistics Robots Market Trends:
The global logistics robotics market is primarily driven by the rising number of logistics and warehousing companies incorporating robots to enhance speed and efficiency and stay competitive. Moreover, during the sudden outbreak of the coronavirus (COVID-19) pandemic and the resulting lockdowns imposed by various governments to contain the spread of the virus, the surging adoption of advanced technologies, such as robotic warehousing and logistics technologies, due to temporary manufacturing unit closures, supply chain disruptions, and labor shortages is positively influencing the market growth. Additionally, the rising focus of organizations on improving packaging quality, ensuring timely delivery, and deploying logistics robots, is contributing to the market growth. Other factors, including rapid expansion in the e-commerce sector, product innovations, and technological advancements, are also anticipated to drive the market further.
Logistics Robots Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
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.
Breakup by Component:
- Hardware
- Software
Breakup by Robot Type:
- Autonomous Mobile Robots
- Automated Guided Vehicles
- Robotic Arms
- Others
Breakup by Function:
- Pick and Place
- Loading and Unloading
- Packing and Co-Packing
- Shipment and Delivery
- Others
Breakup by Operation Area:
- Factory Logistics Robots
- Warehouse Logistics Robots
- Outdoor Logistics Robots
- Others
Breakup by End Use Industry:
- E-Commerce
- Healthcare
- Retail
- Food and Beverages
- Automotive
- Others
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
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
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