Press release
Logistics Robot Market Trends and Forecast (2025-2034): Strategic Insights and Growth Projections
Logistics Robot Market
The global logistics robot market was estimated to be worth USD 14.39 billion in 2024. It is forecast to a readjusted size of USD 61.13 billion by 2034, with a CAGR of 15.6% during the forecast period, 2025-2034.
Market Introduction
Logistics robots are automated machines particularly designed to carry out several tasks related to the handling and function of the supply chain and logistics. This logistics automation maximizes workflows, increases productivity, and decreases human mistakes by taking over mundane and physical tasks. The sweep of their operations spans from supply chain automation, such as warehousing and dissemination, to transportation and conveyance.
A cube storage robot, for instance, is used foremost in warehouses and accomplishment centres to handle inventory stored in a grid-like system of bins or cubicle repository units. These robots are incorporated in progressive storage and retrieval systems designed to maximize space usage and increase efficiency in order picking and inventory management. They are speedy and precise in processing online orders, making them perfect for relocating commodities within high-paced and high-volume warehouses.
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Key Growth Factors
Growing Production of Automobiles: Automakers need smooth integration between assembly lines, component suppliers and distribution centers. Logistics robots smoothen these procedures by automation the motion of constituents, subassemblies, and finished vehicles. The growing complexity of modern vehicles with additional electronic and individualized constituents, making way for adaptable logistics robots with varied part sizes, weight, and managing needs propelling the logistics robot market forward.
Rising Labor Shortage Globally: Industries such as manufacturing, warehousing, and transportation are encountering labor shortages, making physical logistics growingly unverifiable. According to data issued by The Conference Board Inc. in August 2024, the US economy alone requires 4.6 million supplemental workers per year to sustain present levels of supply, demand, and population footing. Further, labor dearth pushes wages and training prices, forcing firms to fund in logistic robotics for enhanced saving and productivity.
Competitive Landscape
The market is moderately fragmented, as it is a relatively newer sector compared to more established industries. Leading market players are listed below:
• BEUMER Group
• Boston Dynamics
• Dematic
• Geek+
• GreyOrange
• Honeywell International Inc.
• Kawasaki Heavy Industries, Ltd.
• Kion Group Ag
• KNAPP AG
• Locus Robotics
• Reflex Robotics
• SSI Schaefer
• Swisslog Holding AG
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📚 Logistics Robot Market Report Highlights
✔ In terms of product, the autonomous mobile robots (AMRs) segment dominated the global logistics robot market share in 2024 due to their flexibility, scalability, and advanced navigation capabilities.
✔ Based on component, the hardware segment dominated the market share in 2024 due to the increasing deployment of robotic systems across warehouses, distribution centers, and fulfillment hubs.
✔ The software segment is expected to grow at a robust pace in the coming years, owing to the rising emphasis on intelligent automation, data analytics, and seamless system integration.
✔ In the global market, Asia Pacific accounted for a major logistics robot market revenue share in 2024 due to rapid industrialization, the expansion of e-commerce, and increasing investments in warehouse automation.
✔ The market in North America is projected to hold a dominant share of the market in the coming years, owing to the surge in warehouse automation projects, growing labor shortages, and the increasing adoption of AI-powered robotic systems.
Geographical Analysis
This section majorly focuses on several developments taking place in the region, including substantial development, and how these developments are affecting the logistics robot market.
Asia Pacific dominated the market share in 2024 owing to speedy industrialization, the augmentation of e-commerce, and growing funding in warehouse automation.
North America is expected to hold a leading share in the coming years due to a rise in warehouse automation projects, escalating labor dearth, and the growing acquisition of AI-fueled robotic systems.
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Segmentation Analysis
Logistics Robot Market, Product Outlook (Revenue - USD Billion, 2020-2034)
• Automated Storage and Retrieval Systems (AS/RS)
• Automated Guided Vehicles (AGVs)
• Autonomous Mobile Robots (AMRs)
• Articulated Robotic Arms
• Others
Logistics Robot Market, Component Outlook (Revenue - USD Billion, 2020-2034)
• Hardware
• Software
• Services
Logistics Robot Market, Application Outlook (Revenue - USD Billion, 2020-2034)
• Palletizing and De-palletizing
• Pick and Place
• Loading and Unloading
• Packaging and Co-packing
• Shipment and Delivery
• Others
Logistics Robot Market, Industry Vertical Outlook (Revenue - USD Billion, 2020-2034)
• E-commerce
• Healthcare
• Retail
• Food & Beverages
• Automotive
• Others
✅ TOC:
1. Global Logistics Robot Market, by Component
1.1. Key Findings
1.2. Introduction
1.2.1. Global Logistics Robot Market, by Component, 2020-2034 (USD Billion)
1.3. Hardware
1.3.1. Global Logistics Robot Market, by Hardware, by Region, 2020-2034 (USD Billion)
1.4. Software
1.4.1. Global Logistics Robot Market, by Software, by Region, 2020-2034 (USD Billion)
1.5. Services
1.5.1. Global Logistics Robot Market, by Services, by Region, 2020-2034 (USD Billion)
2. Global Logistics Robot Market, by Application
2.1. Key Findings
2.2. Introduction
2.2.1. Global Logistics Robot Market, by Application, 2020-2034 (USD Billion)
2.3. Palletizing and De-palletizing
2.3.1. Global Logistics Robot Market, by Palletizing and De-palletizing, by Region, 2020-2034 (USD Billion)
2.4. Pick and Place
2.4.1. Global Logistics Robot Market, by Pick and Place, by Region, 2020-2034 (USD Billion)
2.5. Loading and Unloading
2.5.1. Global Logistics Robot Market, by Loading and Unloading, by Region, 2020-2034 (USD Billion)
2.6. Packaging and Co-packing
2.6.1. Global Logistics Robot Market, by Packaging and Co-packing, by Region, 2020-2034 (USD Billion)
2.7. Shipment and Delivery
2.7.1. Global Logistics Robot Market, by Shipment and Delivery, by Region, 2020-2034 (USD Billion)
2.8. Others
2.8.1. Global Logistics Robot Market, by Others, by Region, 2020-2034 (USD Billion)
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