Logistics Robots Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Logistics Robots Market
The logistics robots market size was valued at USD 6.17 billion in 2021, and the market is now projected to grow from USD 7.11 billion in 2022 to USD 21.01 billion by 2029, exhibiting a CAGR of 16.7% during the forecast period of 2021-2029.
Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the hyperphosphatemia treatment market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. Stopped providing on-site maintenance and installations market growth sputtered amid the pandemic. Government has put restrictions on social gatherings, events and moving out from home which make the people homesick.
Increasing product usage in warehouses to close the supply chain gap and improve operational efficiency will propel logistics robots market growth during forecast period. Many advancements have been made in the logistics corridor and warehouse chain in recent years to reduce truck operating times. In the logistics industry, robots are paving the way for internal operations.
Growing propensity to reduce operating time and increase customer satisfaction to open up new market dimensions during forecast period. Most people found that adopting a work from home culture during the COVID-19 pandemic was a lifesaver. This helped the e-commerce industry, which requires more intelligent logistical solutions to address delivery and inventory management. The need for logistic robots is increasing as a result of tech robotic heavyweights like ABB and Siemens creating six-axis, operation-specific robots that handle intricate manufacturing and logistics tasks.
Comprehensive Analysis of Logistics Robots Market
The logistics robots market and machinery and equipment industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the machinery and equipment benefit management industry. These segmentations are methodically segregated by types, by application and by industry. The Type segmentations include Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms, Others, By Application segmentations include Palletizing & De-palletizing, Pick & Place, Transportation, Others segmentations include (Shipment & Delivery), By Industry segmentations include E-commerce, Healthcare, Retail, Food & Beverages, Automotive, Others (Consumer Electronics).
The Asia Pacific region lead the logistics robots market by benefitting a market size of USD 2.11 billion in 2021 due to increasing product usage in warehouses to close the supply chain gap and improve operational efficiency.
The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, ABB Ltd (Switzerland), KUKA AG (Germany), Toyota Industries Corporation (Japan), Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), Kion Group Ag (Germany), Toshiba Corporation (Japan), Krones AG (Germany), Kawasaki Heavy Industries Ltd. (Japan), Omron Corporation (Japan) these market players provide a level-playing competitive landscape.
In November 2021, Advanced LR-10iA/10 robots were introduced by FANUC Corporation. To load and unload the parts, these robots attach to machine tools. The LR-10iA/10 solution lowers operational costs while assisting factories, logistics warehouses, and distribution centers in overcoming labor scarcity challenges.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD Billion)
Segmentation By Type, Application, Industry, and Region
By Type Automated Guided Vehicles
Autonomous Mobile Robots
Robot Arms
Others (UAVs)
By Application Palletizing & De-palletizing
Pick & Place
Transportation
Others (Shipment & Delivery)
By Industry E-commerce
Healthcare
Retail
Food & Beverages
Automotive
Others (Consumer Electronics)
By Region North America (By Type, By Application, By Industry & By Country)
U.S. (By Type)
Canada (By Type)
Europe (By Type, By Application, By Industry & By Country)
Germany (By Type)
U.K. (By Type)
France (By Type)
Rest of Europe
Asia Pacific (By Type, By Application, By Industry & By Country)
China (By Type)
India (By Type)
Japan (By Type)
Southeast Asia (By Type)
Rest of Asia Pacific
Middle East & Africa (By Type, By Application, By Industry & By Country)
South Africa (By Type)
GCC (By Type)
Rest of Middle East & Africa
Latin America (By Type, By Application, By Industry & By Country)
Brazil (By Type)
Mexico (By Type)
Rest of Latin America
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