The global logistics robotics market was valued at $6.3 billion in 2021, and is projected to reach $27.8 billion by 2031, growing at a CAGR of 16.2% from 2022 to 2031.
Robotics technology is a combination of machine tools and computer applications used for various activities that include designing and manufacturing. Use of robotics technology allows consumers to automate processes, increase productivity, enhance quality, and reduce human errors. Logistics robot are automated machines that improve the efficiency of logistics operations. The use of robot in logistic networks serves as an efficient alternative to the customary belt-based transportation system. Logistics robot are intelligent devices equipped with sensors, manipulators, control systems, power supply, and software to perform a task with increased efficiency.
The logistics robotics market is segmented into Type, Function and End User.
By type, the market is divided into automated guided vehicles, autonomous mobile robots, robot arms and others. The automated guided vehicles segment was the highest revenue contributor to the market in 2021.
By function, the market is classified into pick & place, palletizing & depalletizing, transportation, and packaging. The pick & place segment was the highest revenue contributor to the market in 2021.
By end user, the market is fragmented into healthcare, warehouse, hospitality, and others. The warehouse segment was the highest revenue contributor to the market in 2021.
Region wise, the logistics robotics market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Integration of warehouse and robotics technology has helped ensure that there is accuracy and automation while increasing the warehouse storage space and operation efficiency. For instance, an autonomous mobile robot can adapt to the changes in surrounding and the application of robotics in warehousing, which is expected to increase the efficiency in delivering the merchandise from the shelf to the workstation and can maximize the use of the storage area. Logistics robotics projects are enduring worldwide with an emphasis on end-to-end process automation. Adapting existing tools, implementing commercial mechanisms, and loading & unloading pallets are the factors that make way to build viable robot.
The industrial sector has experienced a revolutionary technological transformation from tangibly managed activities to automation technologies, on account of increasing global export activity. The evolution of the robotics in warehousing as per business requirements has reduced the associated time losses and theft intimidations. Factors such as increase in need for safety among workers in workplace and rise in demand from online retailers are expected to drive the growth of the logistics robotics market size in the future. However, high initial acquisition cost and challenges faced while working in untested environments act as major barriers and hamper the logistics robotics industry growth. Furthermore, factors such as emergence of industry 4.0 into logistics and warehousing and growth of logistics robot into emerging economies are expected to offer lucrative opportunities for the market globally.
Significant factors that impact the logistics robotics market growth include increase in need for safety among workers in the workplace. Moreover, rapid rise in demand from online retailers also is expected to drive the market opportunity. However, high initial cost of acquisition is projected to hamper the growth of the market. On the contrary, emergence of industry 4.0 into logistics and warehousing is offering potential growth opportunity for the logistics robotics market share during the forecast period.
The key players profiled in the report include ABB, Toyota Industries Corporation, Kawasaki Heavy Industries, Ltd., Fanuc Corporation, Vecna Robotics, KUKA AG, Yaskawa America, Inc., Toshiba Corporation, Dematic and OMRON Corporation are provided in this report.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the logistics robotics market analysis from 2021 to 2031 to identify the prevailing logistics robotics market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the logistics robotics market outlook assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global logistics robotics market trends, key players, market segments, application areas, logistics robotics market forecast and market growth strategies.
Logistics Robotics Market Report Highlights
Market Size By 2031
USD 27.8 billion
CAGR of 16.2%
2021 - 2031
By End User
Key Market Players
Vecna Robotics, FANUC CORPORATION, KUKA AG, Toshiba Corporation, Toyota Industries Corporation, Yaskawa America, Inc., Omron Corporation, Dematic, Kawasaki Heavy Industries, Ltd., ABB
The global logistics robotics market has high potential for the warehouse sector. The market growth is also attributed to increase in R&D investments by the large players to deploy enhanced specifications in the product portfolio. Moreover, companies are projected to indulge in mergers, collaborations, and partnerships to make the most use of technology, which is further projected to propel the market growth.
The logistics robotics market has gained traction, owing to the rise in need for safety among workers in the workplace, increase in demand for online retailers, emergence of industry 4.0 into logistics and warehousing among others, which positively influences its growth. Among the analyzed geographical regions, Asia-Pacific exhibits the highest adoption of logistics robotics and has been experiencing massive expansion of the market.
On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth due to emerging countries such as China, Japan, and India, investing in these technologies. Regions such as the Middle East and Africa, are expected to make way for new opportunities in the logistics robotics market in the future. The key players profiled in the report include logistics robotics market players, such ABB, Toyota Industries Corporation, Kawasaki Heavy Industries, Ltd., Fanuc Corporation, Vecna Robotics, KUKA AG, Yaskawa America, Inc., Toshiba Corporation, Dematic, and OMRON Corporation.