Logistics Robots Market Size and Share | Forecast 2023-2028
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?
The global logistics robots market size reached US$ 15.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 58.6 Billion by 2028, exhibiting a growth rate (CAGR) of 22.6% during 2023-2028.
What are logistics robots?
Logistics robots are automated machines designed to improve and optimize various tasks within the logistics and supply chain sector. These robots are equipped with advanced technologies like artificial intelligence, machine learning, and robotics to handle tasks that were traditionally done by humans. They can manage activities such as moving materials, keeping track of inventory, selecting and organizing items, transporting goods, and handling warehouse operations. Logistics robots offer several advantages, including heightened efficiency, precision, speed, and cost-effectiveness. They contribute to reducing manual labor, enhancing productivity, reducing errors, and improving overall supply chain operations. Logistics robots play a vital role in enabling the automation and digital transformation of logistics processes, ultimately leading to increased competitiveness and higher 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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