IMARC Group, a leading market research company, has recently releases report titled “Logistics Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global logistics robots market trends, share, size 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?
The global logistics robots market size reached US$ 18.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 98.9 Billion by 2032, exhibiting a growth rate (CAGR) of 19.7% during 2024-2032.
What are logistics robots?
Logistics robots are autonomous devices designed to transport resources within a logistic network. They play a crucial role in intralogistics processes such as storing, moving, and organizing goods within warehouses and storage facilities. Some commonly available logistics robots include mobile automated guided vehicles (AGVs) and robotic arms. They are designed to automate the process of storing and moving goods through the supply chain, thereby improving the efficiency of logistics operations while reducing labor, machinery, and maintenance costs. They also facilitate human-machine collaboration and allow companies to comply with various workers’ safety regulations. They are a highly efficient alternative to traditional belt-based transportation systems. These intelligent devices are equipped with sensors, manipulators, control systems, power supply, and software that enable them to perform tasks with higher precision and efficiency. They follow predefined pathways and streamline the supply chain, leading to a reduction in logistics costs and providing a greater level of uptime. At present, logistics robots are gaining immense traction in both developing and developed nations as they offer significant profit and productivity gains as compared to manual labor.
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What are the growth prospects and trends in the logistics robots industry?
The global logistics robots market is primarily driven by the increasing adoption of these machines by logistics and warehousing companies seeking to enhance their efficiency and competitiveness. Moreover, the escalating demand for advanced technologies such as robotic warehousing and logistics technologies due to significant disruptions in supply chains, temporary closures of manufacturing units, and labor shortages amid the coronavirus (COVID-19) pandemic outbreak and subsequent lockdowns imposed by governments of various nations is positively influencing the market growth. Apart from this, the e-commerce sector is witnessing substantial growth owing to the increasing internet penetration and consumer preference for online shopping. In line with this, heavy investments by e-commerce companies in improving packaging quality, ensuring timely delivery, and deploying logistics robots to meet the rapidly evolving customer demands have catalyzed market growth.
For instance, companies such as Amazon.com, Inc., XPO Logistics, Inc., and DB Schenker are investing in cutting-edge solutions like AI integration and real-time tracking to optimize logistics and warehousing operations. Additionally, the increasing number of online buyers and changing consumer lifestyles are propelling market growth. Furthermore, the surging adoption of autonomous warehouses due to the emergence of novel technologies, such as the Industrial Internet of Things (IIoT), machine learning (ML), and big data, which remove the risk of errors owing to manual management and enhance the throughput of warehouse logistics robots, is another major growth-inducing factor. Other factors, including the growing popularity of autonomous warehouses, surging investments by logistic service providers, and rapid digitization, are also anticipated to drive the market further.
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.
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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