Press release
Logistics Robots Market Size to Reach US$ 58.6 Billion by 2028- Global Industry Analysis, Share, Growth
Logistics Robots Market
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.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Logistics Robots Market Report Coverage and Industry Segmentation:
The report cover the below key market segments:
Market Breakup by Component:
Hardware
Software
Market Breakup by Robot Type:
Autonomous Mobile Robots
Automated Guided Vehicles
Robotic Arms
Others
Market Breakup by Function:
Pick and Place
Loading and Unloading
Packing and Co-Packing
Shipment and Delivery
Others
Market Breakup by Operation Area:
Factory Logistics Robots
Warehouse Logistics Robots
Outdoor Logistics Robots
Others
Market Breakup by End Use Industry:
E-Commerce
Healthcare
Retail
Food and Beverages
Automotive
Others
Market 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 with Key Player:
ABB Ltd
Asic Robotics AG
Clearpath Robotics Inc
FANUC Corporation (TYO: 6954)
Fetch Robotics Inc
Kion Group AG (ETR: KGX)
KUKA Aktiengesellschaft (Midea Group Co. Ltd.)
Omron Corporation (TYO: 6645)
Toshiba Corporation and Yaskawa Electric Corporation
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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