The global logistics robots market reached a value of US$ 5.4 Billion in 2020. Looking forward, the analyst expects the market to grow at a CAGR of around 15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Logistics robots are self-directed floating devices utilized in warehouses and storage facilities to organize and transport products, a process which is known as intralogistics. These robots automate the process of storing and moving goods as they pass through the supply chain, improve the efficiency of logistics operations and reduce labor, machinery and maintenance costs. They also enhance human-machine collaboration and assist companies in complying with various workers’ safety regulations. Logistics robots lead to significant productivity gains and profitability as compared to conventional counterparts, such as forklifts, due to which their demand is escalating around the world.
An increase in the number of logistics and warehousing companies that are incorporating robots to improve speed and efficiency and remain competitive in the market are propelling the demand for logistics robots worldwide. Moreover, the adoption of advanced technologies, such as robotic warehousing and logistics technologies, is growing on account of the sudden outbreak of the coronavirus disease (COVID-19) and the consequent lockdowns imposed by governments of various countries to prevent the transmission of the pandemic. This can also be accredited to the temporary closure of manufacturing units, disruptions in the supply chain and labor shortage. Apart from this, due to the increasing internet penetration and a rising preference for online shopping, the e-commerce sector is burgeoning, especially in emerging economies. Organizations in this sector are emphasizing on improving the packaging quality, concentrating on timely delivery and deploying logistics robots, which is anticipated to fuel the market growth in the upcoming years.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global logistics robots market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, component, robot type, function, operation area and end use industry.
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 End Use Industry: E-Commerce Healthcare Retail Food and Beverages Automotive Others
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: The report has also analysed the competitive landscape of the market with some of the key players being 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 and Yaskawa Electric Corporation. Key Questions Answered in This Report: How has the global logistics robots market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global logistics robots market? What are the key regional markets? What is the breakup of the market based on the component? What is the breakup of the market based on the robot type? What is the breakup of the market based on the function? What is the breakup of the market based on the operation area? What is the breakup of the market based on the end use industry? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global logistics robots market and who are the key players? What is the degree of competition in the industry?
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