Logistics Robots Market is Anticipated to Cross a Value of US$ 38.13 billion by 2033
Integration of AI and Expanding E-Commerce Sector is Fuelling the Logistics Robots Market Growth. FMI predicts a strong CAGR of 16.5% for 2023-2033. Advent of industry 4.0 into logistics and…
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.
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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.
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.
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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.
Autonomous Mobile Robots
Palletizing & De-palletizing
Pick & Place
Other (Shipment & Delivery).
By Industry Verticals
Food & Beverages
Other (Consumer Electronics).
Asia Pacific (APAC).
Middle East & Africa (MEA)
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Table of Content
Logistics Robots Market
1.1. Global Market Outlook
1.4. Technology Roadmap Analysis
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)
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