Logistics Robots Market will boost at a CAGR of 25.4% from 2017 to 2021

The Global Logistics Robots Market was valued at $3,060 million in 2015 and is projected to reach $10,518 million by 2021, growing at a CAGR of 25.4% from 2017 to 2021. The AVGs (Automated Guided Vehicles) segment is anticipated to grow at the highest rate during the forecast period.

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The report provides an overall review of the logistics robots market, covering the logistics robots market size, logistics robots market share analysis, logistics robots market trends, market dynamics, market forecast, Porters analysis, key industry segments, and company profiles. The report provides up-to-date information to help monitor performance and make wise business decisions for growth and profitability. It is a useful tool for market players, investors, shareholders, and new entrants. It helps to evaluate the market, highlighting opportunities in the space and supporting tactical and strategic decision making.

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The report provides an executive summary of the global logistics robots industry to help market players and new entrants understand the overall market status. Key findings are outlined in the report to help market players determine investment viability. The competitive landscape is offered to assist industry players to determine the level of competitiveness within the industry and take steps to gain a competitive edge.

The market landscape of the logistics robots market is provided in terms of the growth drivers, restraints, and opportunities, Porters Five Forces analysis, and market share analysis. The rise and fall of the logistics robot industry are dependent on the drivers and restraints. The drivers lead to the growth of the market while the restraints limit the growth of the market. Factors such as increasing adoption of automation solutions, reducing the operational costs drive the growth of the industry. Furthermore, the high cost of labor, especially in developed economies, is expected to propel the market growth.

The report offers a detailed segmentation of the global logistics robot market based on type, application, and region. By type, the market is classified as picking robots and AGVs. The picking robots contributed to the highest share of the market while AGVs is expected to grow at the highest CAGR of 26.5% during the forecast period. Based on application, the market is bifurcated into warehouse, last-mile, and others. Geographically, the market is analyzed across U.S., Europe, China, Asia (excluding China), and rest of the world.

The report elaborately discusses the key players providing solutions in the logistics robots market. An overview for each player is provided to help market players and investors gain an understanding of the competition prevailing in the industry. The financial segments of each player, as well as their recent developments, are also discussed in the study. Key market players provided in the report include Dematic, KUKA AG, Amazon Robotics, Vanderlande, CIM Group, VECNA, Grenzebach, Hitachi Limited, Hi-Tech Robotic Systemz, Bastian Solutions Inc., Adept Technology Inc., Ftech Robotics Inc., Grey Orange, and others.

The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.

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This release was published on openPR.