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The global logistics robots market reached a value of US$ 16.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 73.8 Billion by 2028, exhibiting a CAGR of 21.5% during 2023-2028. Logistics robots refer to specially designed autonomous devices that are utilized for transporting resources in a logistic network. They assist with carrying out a variety of intralogistics tasks in warehouses and storage facilities, such as storing, moving, and organizing items. Mobile automated guided vehicles (AGVs), unit load transport autonomous mobile robots, and robotic arms are some examples of logistics robots. They operate along predefined pathways and streamline the supply chain, lowering logistics costs and increasing uptime. Moreover, logistics robots are equipped with audio, visual, or thermal sensors according to the requirements. As they offer significant profit and productivity gains compared to manual labor, logistics robots are gaining immense traction across several industries, such as e-commerce, food and beverage, automotive, retail, healthcare, etc.
The escalating demand for high-degree automation across the logistics sector to reduce manual errors and streamline processes is primarily driving the global logistics robots market. In addition to this, the increasing number of online buyers owing to the expanding e-commerce industry and the rising internet penetration is further propelling the adoption of robotic solutions to automate the transportation process and map the delivery timeline. Moreover, several key players are making significant investments in the modernization of manufacturing facilities, such as the integration of artificial intelligence (AI) and real-time tracking in logistics and warehousing operations, to enhance efficiency, productivity, and output. This, in turn, is also acting as another growth-inducing factor. Apart from this, various government bodies are implementing stringent norms and regulations to ensure worker safety in dangerous or hazardous environments, thereby bolstering the market growth. Additionally, the emerging popularity of collaborative mobile robots, since they are proficient enough to handle heavy-duty as well as light operations and are more accessible to reconfigure and reprogram, is also creating a positive outlook for the market. Besides this, numerous technological advancements, including the launch of product variants equipped with attributes like fleet management software, ultrasonic sensors, active binocular 3D and fisheye cameras, cloud services, etc., are expected to drive the global logistics robots market in the coming years.
The report has also provided a comprehensive analysis of all the major regional markets that include the United States, Canada, Germany, France, the United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, etc. According to the report, the United States was the largest market for logistics robots. Some of the factors driving the United States logistics robots market included the escalating demand for high-degree automation, the emerging popularity of collaborative mobile robots, the increasing number of online buyers, etc. For each of the countries covered, the report provides market drivers, historical and current market trends, market breakup by robot type, key players, and market forecast.
The report has also provided a detailed breakup and analysis of the global logistics robots market based on the component. This includes hardware and software. According to the report, hardware represented the largest segment.
Robot Type Insights
A detailed breakup and analysis of the global logistics robots market based on the robot type has also been provided in the report. This includes autonomous mobile robots, automated guided vehicles, and robotic arms. According to the report, automated guided vehicles accounted for the largest market share.
The report has also provided an exhaustive breakup and analysis of the global logistics robots market based on the function. This includes pick and place, loading and unloading, packing and co-packing, and shipment and delivery. According to the report, pick and place accounted for the highest market share.
Operation Area Insights
The report has also provided an exhaustive breakup and analysis of the global logistics robots market based on the operation area. This includes factory logistics robots, warehouse logistics robots, and outdoor logistics robots. According to the report, factory logistics robots accounted for the highest market share.
End Use Industry Insights
The report has also provided an exhaustive breakup and analysis of the global logistics robots market based on the end use industry. This includes E-Commerce, healthcare, retail, food and beverages, and automotive. According to the report, E-Commerce accounted for the highest market share.
The report has also provided a comprehensive analysis of the competitive landscape in the global logistics robots market. This includes an overview, market structure, market player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant. Detailed profiles of all major companies have also been provided. Some of the companies covered include ABB Ltd., Asic Robotics AG, Clearpath Robotics Inc., Fanuc Corporation, Fetch Robotics Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. For each of the companies covered, the report provides business overview, product portfolio, business strategies, financials, SWOT analysis, and major news and events.
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