Logistics Robots Market Growth Trends, Demand, and Key Players Analysis by 2024
Explore the Logistics Robots Market, with key insights on growth, demand, and key players driving the market through 2024.
The study of the global Logistics Robots Market is presented in the report, which is a thoroughly researched presentation of the data. The analysis delves into some of the key facets of the global Logistics Robots Market and shows how drivers like pricing, competition, market dynamics, regional growth, gross margin, and consumption will affect the market’s performance. A thorough analysis of the competitive landscape and in-depth company profiles of the top players in the Logistics Robots Market are included in the study. It provides a summary of precise market data, including production, revenue, market value, volume, market share, and growth rate.
The best investment markers are insights into the most prominent market trends, which help potential participants make decisions even easier. The research aims to discover the numerous growth chances that readers may take into consideration and take advantage of using all the necessary information. The market growth over the coming years can be predicted with greater accuracy by carefully examining the important growth-influencing aspects including pricing, production, profit margins, and value chain analyses.
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Market Summary:
The global logistics robots market size was valued at USD 6.17 billion in 2021 and is 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. Asia Pacific dominated the logistics robots market with a market share of 34.19% in 2021.
The Logistics Robots Market has grown significantly due to factors such as increased product demand, an expanding client base, and technological advancements. This report provides a comprehensive overview of the industry, covering market size, trends, key drivers and challenges, competition dynamics, and potential growth opportunities. Recent Industry Developments:
- FANUC Corporation launched advanced LR-10iA/10 robots. These robots are compact and suitable for companies with limited floor space. These robots fit into machine tools for loading and unloading the parts. The LR-10iA/10 solution helps distribution centers, logistics warehouses, and manufacturers overcome obstacles associated with labor shortages and also reduces operating costs.
- Toyota Industries Corporation launched a global autonomous vehicle software development firm, T-Hive. The new firm T-Hive would provide a control system and industrial logistics robotics solutions, including automated guided forklifts, automated guided vehicles, and autonomous mobile robots. The new firm was established to meet the robots’ growing demands for its customers.
- ABB Ltd. launched collaborative robots named SWIFTI and GoFa cobot, offering high payloads and speeds for logistics and other industries. These cobots can deliver more robust, faster automation in several industries, including healthcare, electronics, consumer goods, logistics, food and beverages, and others.
- Kion Group AG partnered with Fraunhofer IML to develop swarm robots for warehouse management. The partnership made a logistic robots project and developed ‘the LoadRunner’ robot for warehousing. The next generation of autonomous transport vehicles revolutionizes intralogistics solutions with Artificial Intelligence (AI) technology. Swarm robotics simplifies the warehouses—with KION as the exclusive champion of the new technology.
- Toshiba Corporation’s subsidiary firm Toshiba Machine launched collaborative robots. With SCARA duo-arm and humanoid duo-arm cobots, the company expanded its robot line and prepared to do business as Shibaura Machines.
Key Players:
- 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)
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Market Overview:
- Current Market Trends: Analysis of the latest developments shaping the market landscape.
- Segmentation Analysis: Breakdown of the market by key segments and regional dynamics.
- Pricing Strategy Evaluation: In-depth examination of pricing trends within the industry.
- COVID-19 Impact Assessment: Exploration of how the pandemic has affected market behaviors and trends.
- Market Projections: Forecasting future market growth and potential shifts.
Key Report Highlights:
- Insight into the primary growth drivers and challenges facing the market.
- An extensive review of regional advancements and their implications.
- A compilation of leading industry players and their market positions.
- Strategies employed by significant market participants.
- Updates on recent industry movements, including product launches and mergers.
- Analysis of factors that may restrict growth and the regional market presence affecting trends beyond 2032.
This market research report is meticulously crafted to deliver a thorough understanding of the industry’s trajectory, equipping businesses with the insights necessary for strategic decision-making. The Logistics Robots Market Report spans over 130+ pages and includes a detailed table of contents featuring figures, tables, graphs, and comprehensive analysis.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Key Insights
- Industry Developments (Mergers, Acquisitions, Partnerships)
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Innovations
- Value Chain Analysis
- TOC Continued…
This study presents a detailed view of the market landscape, categorized by sub-regions and countries. It identifies potential profit avenues, alongside market share and growth forecasts for each geographical area.
Segmentation of this report:
Logistics Robots Market Size, Share & Industry Analysis, By Type (Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms, Others), By Application (Palletizing & De-palletizing, Pick & Place, Transportation, Others (Shipment & Delivery)), By Industry (E-commerce, Healthcare, Retail, Food & Beverages, Automotive, Others (Consumer Electronics)), and Regional Forecast, 2022-2029
Logistics Robots Market Drivers & Restrains:
- Drivers:
- Growth in E-Commerce: The expansion of e-commerce requires efficient and scalable logistics solutions, driving the adoption of logistics robots for tasks such as sorting, packing, and material handling.
- Advancements in Robotics Technology: Innovations in robotics, including improved navigation systems, AI, and automation, enhance the capabilities and efficiency of logistics robots, increasing their market appeal.
- Increased Focus on Operational Efficiency: Companies seek to streamline operations and reduce manual labor, driving demand for logistics robots that offer improved speed, accuracy, and productivity in warehousing and distribution.
- Labor Shortages: The growing shortage of skilled labor and increasing labor costs prompt businesses to invest in robotics solutions to automate repetitive and physically demanding tasks.
- Improved Safety and Reduced Human Error: Logistics robots help reduce workplace accidents and errors by automating hazardous or complex tasks, contributing to safer and more reliable operations.
- Restraints:
- High Initial Costs: The significant upfront investment required for purchasing and implementing logistics robots can be a barrier for small and medium-sized enterprises (SMEs).
- Integration Challenges: Integrating robotics with existing logistics infrastructure and systems can be complex, requiring custom solutions and potentially leading to increased costs and time delays.
- Maintenance and Technical Expertise: Ongoing maintenance and the need for specialized technical expertise to operate and repair robotics systems can add to the total cost of ownership and operational challenges.
- Technological Obsolescence: Rapid advancements in technology can lead to faster obsolescence of existing robotics systems, necessitating frequent upgrades or replacements to stay competitive.
- Limited Flexibility: Some logistics robots may lack the flexibility to handle a wide range of tasks or adapt to changing requirements, potentially limiting their applicability in diverse logistics environments.
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