According to a recent report published by Allied Market Research, titled,"Mobile Logistics Robot Market by Industry Vertical and Function: Global Opportunity Analysis and Industry Forecast, 2017 - 2025,"the global mobile logistics robot market was valued at $2,420.7 million in 2017 and is projected to reach $11,269.1 million by 2025, growing at a CAGR of 21.2% from 2018 to 2025.
Mobile logistics robots automate the process of storing and moving goods as they make their way through the supply chain. These logistics robots are often used in warehouses and other storage facilities to organize and transport products. Mobile logistics robots offer greater levels of uptime over manual labor, which leads to major productivity gains and profitability. Integration of warehouse and mobile logistics robot technology has helped to ensure accuracy and automation while increasing the warehouse storage space and operation efficiency. For instance, an autonomous mobile robot can adapt to the change in surrounding and its application 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.
The e-commerce, automotive, food & beverage, and pharmaceutical industries are majorly driving the growth of the mobile logistics robot market globally owing to increase in competitiveness among the players in these industry verticals and high cost of labor. To control labor costs, robots help companies automate the ordinary and repetitive parts of their processes, allowing skilled workers to engage on more important tasks.
Asia-Pacific dominated the mobile logistics robot market and is also the fastest growing region globally. Asia-Pacific countries such as Japan and China are the second and third largest ecommerce markets respectively. Asia-Pacific is also the largest manufacturer of electronic & electrical goods and metal & machinery goods. Japan and China lead the industrial automation market. Warehouse robotics can help companies reduce overhead costs and increase productivity with consistency and accuracy. All these factors create lucrative opportunities for Asia-Pacific in mobile logistics robot market.
Key Findings of the Mobile Logistics Robot Market:
- In 2017, the warehouse sub-segment generated the highest revenue in the global mobile logistics robot market.
- In 2017, the pick & place segment generated the highest revenue among the functions in the global mobile logistics robot market.
- The key players profiled in the mobile logistics robot market report include Aethon Inc., Asic Robotics AG, Clearpath, Fetch Robotics Inc., Kuka AG, Mobile Industrial Robots, Omron Corp Adept Technology Inc., Amazon Robotics, Savioke, and GreyOrange. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration. For instance, In October 2018, Aethon launched newest TUG robot, the T4, which is based on Aethons TUG product line by providing system integrators greater flexibility through its inbuilt connections. This product is used for industrial, manufacturing and logistics customers who need a smaller, faster and integration-ready mobile robot. Furthermore, In April 2018, GreyOrange expanded its business in Japan and Europe, for the development of its Butler robotics system. These sites develop an advanced combination of robotics and Artificial Intelligence, which is expected to increase their efficiencies multifold. This expansion helped to increase the business and product portfolio of company.
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