IMARC Group, a leading market research company, has recently releases report titled “Logistics Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global logistics robots market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the logistics robots market?
Report Attributes | Details |
Market Size in 2022 | US$ 15.2 Billion |
Market Forecast in 2028 | US$ 58.6 Billion |
Growth rate (2023 to 2028) | CAGR of 22.6% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What are logistics robots?
Logistics robots are automated machines designed to streamline and optimize various processes within the logistics and supply chain industry. These robots are equipped with advanced technologies such as artificial intelligence, machine learning, and robotics to perform tasks traditionally carried out by humans. They can handle activities such as material handling, inventory management, picking and sorting, transportation, and warehouse operations. Logistics robots offer several benefits, including increased efficiency, accuracy, speed, and cost savings. They help in reducing manual labor, improving productivity, minimizing errors, and enhancing overall supply chain operations. Logistics robots play a crucial role in enabling the automation and digitalization of logistics processes, leading to enhanced competitiveness and customer satisfaction.
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What are the growth prospects and trends in the logistics robots industry?
The logistics robots industry has promising growth prospects and is witnessing significant trends. Firstly, there is a growing demand for automation and robotics in the logistics sector, driven by the need for improved operational efficiency, cost reduction, and faster order fulfillment. This demand is expected to fuel the adoption of logistics robots.Secondly, advancements in technology, such as artificial intelligence, machine learning, and Internet of Things, are enhancing the capabilities of logistics robots. These robots can now handle complex tasks, adapt to dynamic environments, and collaborate with humans, resulting in increased productivity and flexibility.Thirdly, the rise of e-commerce and the subsequent surge in online orders have created a need for efficient order picking, sorting, and fulfillment processes.
Logistics robots offer the potential to handle high volumes and meet the demands of e-commerce fulfillment.Moreover, there is a growing focus on sustainability and eco-friendly practices in the logistics industry. Robotics can contribute to reducing energy consumption, optimizing routes, and minimizing waste, aligning with the trend toward greener logistics operations.Overall, the logistics robots industry is poised for growth as businesses seek to leverage automation and advanced technologies to enhance their logistics operations, meet customer expectations, and stay competitive in the evolving market.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
- Yaskawa Electric Corporation.
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