Logistics Robots Market is Anticipated to Cross a Value of US$ 38.13 billion by 2033

The Logistics Robots Market is growing due to the integration of AI and expanding E-Commerce sector. FMI projects a strong 16.5% CAGR for 2023-2033. Future opportunities would be created by industry 4.0 in logistics and warehousing, and the growth of logistics robots within developing countries.

NEWARK, Del., February 21, 2023 (GLOBE NEWSWIRE). -- The market for logistics robots is expected to grow at a strong CAGR (16.5%) between 2023-2033. It is expected to have a market share of US$ 38.13 trillion by 2033 and a value of US$ 8.28 trillion in 2023.

Market growth is being driven by the booming e-commerce industry and the incorporation of advanced technology such as artificial intelligence or machine learning. The growth of logistic robots is also being driven by small businesses and advanced delivery options.

Covid-19 was a catalyst for contactless delivery and robot use in the packaging industry. This is accompanied by the increasing automation in all industries, including the automotive and pharmaceutical sectors.

Request a sample copy of the Report__URL_____URL__

Increased warehouses carrying a greater load of goods are choosing logistics robots to transport and ship the goods, move the products, and analyze their bar codes. With the combination of robots and humans, the overall goal is to reduce logistics costs and transport costs. This will likely increase productivity and delivery.

Amazon and Walmart have begun to replace their labor force with robots in order to improve accuracy and speed up their operations. Robots are also being used by these platforms for quicker product delivery, transport, and packaging.

The Key Points

North America holds the largest market share in the market for logistics robots. Market growth can be attributed to the boom in e-commerce and the rise of small and medium-sized companies that are experimenting with production, transport, and packaging operations.

With the presence of giant eCommerce companies like Amazon, eBay and Etsy, the United States is implementing logistics robotics in its warehouse operations

Asia Pacific's location analytics market is another important market. Regional growth can be attributed to rapidly growing economies. China is increasing its robot density in order to increase sales of logistics robots.

Europe is seeing a higher penetration of robotics within the automotive sector and increased production units, warehouses and warehouses. This market is growing rapidly.

Transportation is expected to prosper in the application category because it thrives on factors such as higher consumption, easier movements, and the additions of new transport channels.

The eCommerce sector is the largest industrial segment. Warehouse automation and drone-based delivery are key factors in this segment's growth.

Competitive Landscape

Key competitors are focused on adding new technology to their robots, such as AI or ML, and improving fuel efficiency. To increase their supply chain, distribution channel, and profitability, key competitors often merge, acquire, or partner with other companies. ABB Ltd. (Switzerland), KUKA AG Toyota Industries Corporation Fanuc Corporation Yaskawa Electric Corporation Kion Group Ag Toshiba Corporation Krones AG Kawasaki Heavy Industries Ltd. Omron Corporation are the key players in this market.

Request for Customization__URL__. URL

Recent Market Developments

Toshiba Corporation introduced the De-palletizer, which has a 30 kg handling capacity and features an automatic recognition system to help in segregating goods and transferring them according the label.

Omron Corporation introduced its robotics solutions to logistical operations. The company added new products, Quattro and Cobot to its I4H/L, Quattro and Cobot lines.

Key Segments

By Type:

Automated-Guided Vehicles

Autonomous Mobile Robots

Robot Arms

Others (UAVs).

Apply:

Palletizing & De-palletizing

Pick & Place

Transport

Other (Shipment & Delivery).

By Industry Verticals

E-commerce

Healthcare

Retail

Food & Beverages

Automotive

Other (Consumer Electronics).

By Region

North America

Latin America

Europe

Asia Pacific (APAC).

Middle East & Africa (MEA)

Find out more about this Report__URL_______________

Table of Content

Logistics Robots Market

1.1. Global Market Outlook

Demand-side Trends

Supply-side Trends

1.4. Technology Roadmap Analysis

1.5.

Market Overview

2.1.

2.2.

Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

Global Market Analysis 2018-2022 and Forecast, 2023-2033

Historical Market Size Value (US$ million) and Volume (Units), Analysis, 2018-2022

Projections for 2023-2033: Current and Future Market Size Value in Millions (US$ Million)

Buy Now__URL__ or URL

Top Reports on Technology Market Insights

Trends in the Autonomous Mobile Robots for Logistics and Warehousing Market - The market for autonomous mobile robots for logistics and warehouse management is expected to grow at a CAGR rate of 22.7% over the forecast period and reach a market share US$ 17 billion by 2032.

SLAM Robots Market Volume- In 2022, the SLAM robotics market revenue was US$ 185.9 million. As the market for SLAM robots is expected to grow at a 25.6% CAGR between 2023 and 2033, it is projected to reach US$ 2,133.3 million by 2033.

Reverse Logistics Market Share - The global reverse logistics market is expected to grow at a CAGR between 12% and US$ 2.9 Trillion in 2032.

Market Demand for Eldercare-Assistive Robots - The market for eldercare-assistive robotics is expected to grow at 12.2% annually over the forecast period. It is estimated that the market will reach US$ 7,150.0 million by 2032.

Robotic Process Automation Market Growth - In 2022, the robotic process automation market revenue was US$ 2,599.3 million. It is projected that the market will reach US$ 24,633.4 million by 2033. This is due to its expected growth of 22.8% between 2023 and 2033.

About Future Market Insights, Inc.

Future Market Insights, Inc., an ESOMAR-certified market research and business consulting firm, is a member of The Greater New York Chamber of Commerce, and is located in Delaware, USA. We were awarded the Clutch Leaders Award 2022 for our high client score of 4.9/5. Since then, we have been working with global companies in their business transformation and helping them achieve their business goals. Our clients make up 80% of the Fortune 1000's largest companies. Our clients are from all the major industry sectors and all of the niche markets.

Get in touch with us

YouTubeFor Sales Enquiries: EMAIL