The global logistics robots market size reached US$ 18.7 billion in 2023. The market is projected to reach US$ 98.9 billion by 2032, exhibiting a growth rate (CAGR) of 20.34% during 2023-2032.
Logistics robots are self-directed floating devices utilized in warehouses and storage facilities to organize and transport products, a process which is known as intralogistics. These robots automate the process of storing and moving goods as they pass through the supply chain, improve the efficiency of logistics operations and reduce labor, machinery and maintenance costs. They also enhance human-machine collaboration and assist companies in complying with various workers’ safety regulations. Logistics robots lead to significant productivity gains and profitability as compared to conventional counterparts, such as forklifts, due to which their demand is escalating around the world.
An increase in the number of logistics and warehousing companies that are incorporating robots to improve speed and efficiency and remain competitive in the market are propelling the demand for logistics robots worldwide. Moreover, the adoption of advanced technologies, such as robotic warehousing and logistics technologies, is growing on account of the sudden outbreak of the coronavirus disease (COVID-19) and the consequent lockdowns imposed by governments of various countries to prevent the transmission of the pandemic. This can also be accredited to the temporary closure of manufacturing units, disruptions in the supply chain and labor shortage. Apart from this, due to the increasing internet penetration and a rising preference for online shopping, the e-commerce sector is burgeoning, especially in emerging economies. Organizations in this sector are emphasizing on improving the packaging quality, concentrating on timely delivery and deploying logistics robots, which is anticipated to fuel the market growth in the upcoming years.
2. What is the expected growth rate of the global logistics robots market during 2024-2032?
3. What are the key factors driving the global logistics robots market?
4. What has been the impact of COVID-19 on the global logistics robots market?
5. What is the breakup of the global logistics robots market based on the component?
6. What is the breakup of the global logistics robots market based on the robot type?
7. What is the breakup of the global logistics robots market based on the function?
8. What is the breakup of the global logistics robots market based on the operation area?
9. What is the breakup of the global logistics robots market based on the end use industry?
10. What are the key regions in the global logistics robots market?
11. Who are the key players/companies in the global logistics robots market?
Logistics robots are self-directed floating devices utilized in warehouses and storage facilities to organize and transport products, a process which is known as intralogistics. These robots automate the process of storing and moving goods as they pass through the supply chain, improve the efficiency of logistics operations and reduce labor, machinery and maintenance costs. They also enhance human-machine collaboration and assist companies in complying with various workers’ safety regulations. Logistics robots lead to significant productivity gains and profitability as compared to conventional counterparts, such as forklifts, due to which their demand is escalating around the world.
An increase in the number of logistics and warehousing companies that are incorporating robots to improve speed and efficiency and remain competitive in the market are propelling the demand for logistics robots worldwide. Moreover, the adoption of advanced technologies, such as robotic warehousing and logistics technologies, is growing on account of the sudden outbreak of the coronavirus disease (COVID-19) and the consequent lockdowns imposed by governments of various countries to prevent the transmission of the pandemic. This can also be accredited to the temporary closure of manufacturing units, disruptions in the supply chain and labor shortage. Apart from this, due to the increasing internet penetration and a rising preference for online shopping, the e-commerce sector is burgeoning, especially in emerging economies. Organizations in this sector are emphasizing on improving the packaging quality, concentrating on timely delivery and deploying logistics robots, which is anticipated to fuel the market growth in the upcoming years.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global logistics robots market report, along with forecasts at the global, regional and country level from 2023-2032. The report has categorized the market based on component, robot type, function, operation area and end use industry.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
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being 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 and Yaskawa Electric Corporation.Key Questions Answered in This Report
1. What was the size of the global logistics robots market in 2023?2. What is the expected growth rate of the global logistics robots market during 2024-2032?
3. What are the key factors driving the global logistics robots market?
4. What has been the impact of COVID-19 on the global logistics robots market?
5. What is the breakup of the global logistics robots market based on the component?
6. What is the breakup of the global logistics robots market based on the robot type?
7. What is the breakup of the global logistics robots market based on the function?
8. What is the breakup of the global logistics robots market based on the operation area?
9. What is the breakup of the global logistics robots market based on the end use industry?
10. What are the key regions in the global logistics robots market?
11. Who are the key players/companies in the global logistics robots market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Logistics Robots Market
6 Market Breakup by Component
7 Market Breakup by Robot Type
8 Market Breakup by Function
9 Market Breakup by Operation Area
10 Market Breakup by End Use Industry
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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 and Yaskawa Electric Corporation
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 149 |
Published | January 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 18.7 Billion |
Forecasted Market Value ( USD | $ 98.9 Billion |
Compound Annual Growth Rate | 20.3% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |