The logistics robots market is expected to expand its roots with a strong CAGR of 16.5% during the forecast period. The market is expected to hold a share of US$ 8.28 billion in 2023, while it is anticipated to cross a value of US$ 38.13 billion by 2033.
The research report on the logistics robots market explains that the 21st century is likely to witness life-transforming technologies. Logistics robots are one of those examples that increases the productivity of any business that deals with shipping, transportation, and in-house goods movement. The addition of artificial intelligence and machine learning, along with robotics, is expected to benefit product-based enterprises. Furthermore, companies going back to normalcy with the symbiosis of humans and robots are saving time and capital for the same.
As the E-commerce market expands its space, technological solutions like E-logistics, storage, and transportation robots are also gaining traction. The adoption of logistics robots cuts down warehouse labor expenditure and helps businesses function efficiently. The restoration of industrial growth, along with the elements of the fourth industrial revolution, is making it easy for warehouses to function efficiently.
Small and medium-sized businesses that absorb a significant amount of the logistics robots market implement automated guided vehicles (AGVs) in storage spaces. These robots help in reducing logistical costs while streamlining the supply chain. Institute of supply management survey, 2021, explains that the manufacturing output is gradually coming back to the pre-pandemic levels. This is pushing the demand for innovation and technology like logistics robots that strengthen supply management.
The growth of the logistics robots market can be witnessed in the e-commerce giants like Walmart and Amazon. Other than that, rapidly proliferating Asian economies like India and China are also experiencing growth. For instance, Alibaba invested US$ 15 billion for the enhancement of their logistical operation through robot adoption. The lower human touch increases the quality and supports the error-less movement. Expanding industry 4.0 is likely to have a positive impact on the logistics robot market.
The logistics robots market outlook states that advanced business projects like agricultural businesses and new products add up in the e-commerce sector. These products, with their own logistics and transportation department, are also adopting smart robotic technology for the easy mobility of goods and products. The goods-to-person with order picking to the smooth internal goods movements through electrified monorails is fueling the demand for logistics robots. Advanced transportation through robotic drones is propelling the benefits of online product delivery and lower costs. Rising demand for a platform that minimizes operational time and adds new dimensions to the market is expanding the logistics robots market size.
Attributes | Details |
---|---|
Logistics Robots Market CAGR (2023 to 2033) | 16.5% |
Logistics Robots Market Size (2023) | US$ 8.28 billion |
Logistics Robots Market Size (2033) | US$ 38.13 billion |
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Robotic technology is mainly adopted for two factors: reduced cost and faster operations. These objectives are also prominent in transportation and logistical operations. FMI describes the primary factors and restraints of the logistics robots market in detail
Drivers
These are the factors that are expected to garner logistics robotics market growth.
Restraints
Logistics Robots Market:
Attributes | Logistics Robots Market |
---|---|
CAGR (2023 to 2033) | 16.5% |
Market Value (2033) | US$ 38.13 billion |
Growth Factor | The restoration of industrial and manufacturing units along with the advent of contactless operations in e-commerce. |
Opportunity | Wider range of verticals increased application in pharmaceuticals and automotive sector. |
Key Trends | Integration of logistics robots with AI and machine learning. |
Automotive Robotics Market:
Attributes | Automotive Robotics Market |
---|---|
CAGR (2023 to 2033) | 10.49% |
Market Value (2033) | US$ 28.24 billion |
Growth Factor | Higher efficiency in the production process with reduced costs and decreased operational time. |
Opportunity | Increased demand for vehicles along with productivity optimization. |
Key Trends | Automation and industries 4.0 expanding it space. |
Industrial Robotics Market:
Attributes | Industrial Robotics Market |
---|---|
CAGR (2023 to 2033) | 14.2% |
Market Value (2033) | US$ 68.32 billion |
Growth Factor | The increased demand for collaborative industrial robots (Cobots), and the restoration of industrial spaces. |
Opportunity | The emergence of industry 5.0 with its advanced human-centric, and sustainable technology. |
Key Trends | Increased robot accessories coupled with the use of traditional collaborative activities. |
Booming eCommerce Industry along with the Strict Logistical Norms around Specific Industries are boosting Regional Growth
The North American logistics robots market is expected to hold a significant space in 2023.
The growth is attributed to the growing construction activities along with the rapidly expanding e-commerce businesses. The growth in sectors like automotive and pharmaceutical are pushing companies to adopt the latest technology to enhance their productivity. Stringent norms around manufacturing, production, and logistical operation promote the use of logistics operations. These norms are especially applicable to the production and manufacturing of hazardous substances and gases. Furthermore, the presence of e-commerce giants like Walmart and Amazon is expanding the logistics robots market.
Rising cases of accidents in warehouses and storage units are anticipated to fuel the growth of this region.
Higher Population and Rapidly Building Infrastructure is Fueling Regional Growth
The Asia Pacific region, with its emerging economies like China and India, is penetrating each technologically advanced market. The application of logistics robot systems has increased in the region with the increase in small and medium-sized businesses. Furthermore, China is one of the significant consumers of the market owing to its aging population. China also plans on replacing its labors with robots for higher accuracy and reduced cost. The higher robot density in China is proof of the success of the logistics robots market in the region.
Higher Application in Automotive and Construction Sector are likely to Transform the Market Dynamics
With the wider verticals, logistics robots are being used at a higher rate in automotive manufacturing. This is due to the presence of automotive giants in the region. Companies like Audi, BMW, and Volkswagen are automating their production facilities. Companies also integrate technology with artificial intelligence so that it can function with a human touch while being accurate. The expanding packaging and transportation industry in the region is also likely to contribute to market growth.
Lastly, the emergence of industry 5.0 and industrial automation is likely to draw a new picture of modern industries. The elements like AI, robotics, and cloud storage are anticipated to act like boosters.
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Segment | Top Sub-segment |
---|---|
Top Industry | eCommerce |
Top Application | Palletizing |
Based on industry, the eCommerce segment gains the most traction as it has the highest consumption. The growth is attributed to the higher smartphone and internet access that delivers easy shopping options with discounted prices and higher availability. Furthermore, advanced eCommerce robotic technology such as drones, rovers, and other robots are increasing the demand in the e-commerce industry. The other segments, like healthcare and automotive, are also significant industries that are increasing the use of robotic technology in their production process.
By application vertical, the transportation segment holds a significant share. The growth of this segment is directly affected by the increasing accidents, jams, and expanding packaging sector. The option of pick and place, along with the rising labor cost, is fueling the market growth. Furthermore, the addition of new transportation channels along with industrial automation garners the growth of the logistics robots market.
The key players focus on adding new elements and features to the robots so that they become multi-working prospects. The players also integrated artificial intelligence, machine learning, and cloud storage. The use of sensory technology according to the industrial requirement is likely to fuel the demand for logistics robots while expanding the sales channels.
Market Developments
A CAGR of 16.5% is projected for the industry through 2033.
By 2023, the industry is expected to reach US$ 8.28 billion in revenue.
A market of US$ 38.13 billion is expected to be achieved by 2033.
Data breaches and high investments limit the growth of the market.
Integration of AI technologies and ML into logistic robots to boost the market.
1. Executive Summary | Logistics Robots Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033 5.3.1. Automated Guided Vehicles 5.3.2. Autonomous Mobile Robots 5.3.3. Articulated Robotic Arms 5.3.4. Automated Storage and Retrieval Systems 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Palletizing & De-palletizing 6.3.2. Pick & Place 6.3.3. Transportation 6.3.4. Shipment and Delivery 6.3.5. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use Industry 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-Use Industry, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-Use Industry, 2023 to 2033 7.3.1. Healthcare 7.3.2. E-Commerce 7.3.3. Logistics & Warehouse 7.3.4. Retail 7.3.5. Food & Beverages 7.3.6. Automotive 7.3.7. Others 7.4. Y-o-Y Growth Trend Analysis By End-Use Industry, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By End-Use Industry, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Product Type 9.2.3. By Application 9.2.4. By End-Use Industry 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Type 9.3.3. By Application 9.3.4. By End-Use Industry 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Product Type 10.2.3. By Application 10.2.4. By End-Use Industry 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Application 10.3.4. By End-Use Industry 10.4. Key Takeaways 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Product Type 11.2.3. By Application 11.2.4. By End-Use Industry 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Application 11.3.4. By End-Use Industry 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Singapore 12.2.1.5. Thailand 12.2.1.6. Indonesia 12.2.1.7. Australia 12.2.1.8. New Zealand 12.2.1.9. Rest of Asia Pacific 12.2.2. By Product Type 12.2.3. By Application 12.2.4. By End-Use Industry 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Application 12.3.4. By End-Use Industry 12.4. Key Takeaways 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Product Type 13.2.3. By Application 13.2.4. By End-Use Industry 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Application 13.3.4. By End-Use Industry 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1.USA 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2022 14.1.2.1. By Product Type 14.1.2.2. By Application 14.1.2.3. By End-Use Industry 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2022 14.2.2.1. By Product Type 14.2.2.2. By Application 14.2.2.3. By End-Use Industry 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2022 14.3.2.1. By Product Type 14.3.2.2. By Application 14.3.2.3. By End-Use Industry 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2022 14.4.2.1. By Product Type 14.4.2.2. By Application 14.4.2.3. By End-Use Industry 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2022 14.5.2.1. By Product Type 14.5.2.2. By Application 14.5.2.3. By End-Use Industry 14.6. United kingdom 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2022 14.6.2.1. By Product Type 14.6.2.2. By Application 14.6.2.3. By End-Use Industry 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2022 14.7.2.1. By Product Type 14.7.2.2. By Application 14.7.2.3. By End-Use Industry 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2022 14.8.2.1. By Product Type 14.8.2.2. By Application 14.8.2.3. By End-Use Industry 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2022 14.9.2.1. By Product Type 14.9.2.2. By Application 14.9.2.3. By End-Use Industry 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2022 14.10.2.1. By Product Type 14.10.2.2. By Application 14.10.2.3. By End-Use Industry 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2022 14.11.2.1. By Product Type 14.11.2.2. By Application 14.11.2.3. By End-Use Industry 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2022 14.12.2.1. By Product Type 14.12.2.2. By Application 14.12.2.3. By End-Use Industry 14.13. Singapore 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2022 14.13.2.1. By Product Type 14.13.2.2. By Application 14.13.2.3. By End-Use Industry 14.14. Thailand 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2022 14.14.2.1. By Product Type 14.14.2.2. By Application 14.14.2.3. By End-Use Industry 14.15. Indonesia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2022 14.15.2.1. By Product Type 14.15.2.2. By Application 14.15.2.3. By End-Use Industry 14.16. Australia 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2022 14.16.2.1. By Product Type 14.16.2.2. By Application 14.16.2.3. By End-Use Industry 14.17. New Zealand 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2022 14.17.2.1. By Product Type 14.17.2.2. By Application 14.17.2.3. By End-Use Industry 14.18. GCC Countries 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2022 14.18.2.1. By Product Type 14.18.2.2. By Application 14.18.2.3. By End-Use Industry 14.19. South Africa 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2022 14.19.2.1. By Product Type 14.19.2.2. By Application 14.19.2.3. By End-Use Industry 14.20. Israel 14.20.1. Pricing Analysis 14.20.2. Market Share Analysis, 2022 14.20.2.1. By Product Type 14.20.2.2. By Application 14.20.2.3. By End-Use Industry 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Product Type 15.3.3. By Application 15.3.4. By End-Use Industry 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Amazon Robotics 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Hi-tech Robotic System limited 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. IAM Robotics LLC 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Fetch Robotics Inc. 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. FANUC Robotics 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Universal Robots 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. EVS Tech Co. LTD. 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Kuka Robotics 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Yaskawa Electric corporation 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Omron Adept Technologies 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 16.1.11. Grenzebach 16.1.11.1. Overview 16.1.11.2. Product Portfolio 16.1.11.3. Profitability by Market Segments 16.1.11.4. Sales Footprint 16.1.11.5. Strategy Overview 16.1.11.5.1. Marketing Strategy 16.1.11.5.2. Product Strategy 16.1.11.5.3. Channel Strategy 16.1.12. Kion Group Ag 16.1.12.1. Overview 16.1.12.2. Product Portfolio 16.1.12.3. Profitability by Market Segments 16.1.12.4. Sales Footprint 16.1.12.5. Strategy Overview 16.1.12.5.1. Marketing Strategy 16.1.12.5.2. Product Strategy 16.1.12.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Technology
August 2019
REP-GB-10145
July 2022
250 pages
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