The logistics robots market is anticipated to strengthen its space at a strong CAGR of 16.5% between 2023 and 2033. The market is anticipated to cross a market share of US$ 38.13 billion by 2033, while it is likely to be valued at US$ 8.28 billion in 2023.
The proliferated e-commerce sector, along with the integration of advanced technology like artificial intelligence and machine learning, is fueling the market growth. Furthermore, small-sized businesses and advanced delivery options are also propelling the sales of logistics robots.
The Covid-19 pandemic pushed the idea of contactless delivery and the use of robots in the packaging sector. Along with this, the expanding automation across the industries along with automotive and pharmaceutical industries gains traction in the market.
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Integration of AI and Expanding E-Commerce Sector is Fuelling the Logistics Robots Market Growth. FMI predicts a strong CAGR of 16.5% for 2023-2033. Advent of industry 4.0 into logistics and warehousing and growth of logistics robots in developing economies would open new opportunities in the future.
The increased warehouses with a higher load of goods are opting for logistics robots to transport, ship, move, and analyze the product’s bar code. The overall goal of reducing the operational cost of logistics and transportation coupled with the association of humans and robots is likely to enhance productivity and deliverance.
Companies like Amazon and Walmart are replacing the labor force with robots to increase accuracy and speed up operations. These platforms have also started using robots for faster product deliveries, transportation, and packaging.
Key Takeaways from the Logistics Robots Market Report:
- The North American market holds the dominant space in the logistics robots market. The market growth is attributed to the booming e-commerce along with the origin of small and medium-sized businesses experimenting with production, transportation, and packaging operations.
- The United States, with the presence of eCommerce giants like Amazon, eBay, Etsy, and Walmart, is implementing logistics robots in their warehouse operations
- The Asia Pacific location analytics market is also an important regional market. The regional growth is attributed to the rapidly growing economies, and China is increasing its robot density to increase the sales of logistics robots.
- Europe, with higher penetration of robotics in the automotive sector, along with the increased production units and warehouses, is gaining traction in the regional market.
- The transportation segment is likely to thrive in the application type category as it flourishes on factors like higher consumption, easy movements, and the addition of new transportation channels.
- The eCommerce segment tops the industrial category. The growth of this segment is fueled by warehouse automation, drone-based deliveries, and other features.
Leading Key Players:
- ABB Ltd (Switzerland)
- KUKA AG (Germany)
- Toyota Industries Corporation
- Fanuc Corporation
- Yaskawa Electric Corporation
- Kion Group Ag
- Toshiba Corporation
- Krones AG
- Kawasaki Heavy Industries Ltd. (Japan)
- Omron Corporation (Japan)
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Logistics Robots Market Segmentation:
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 Verticals:
- E-commerce
- Healthcare
- Retail
- Food & Beverages
- Automotive
- Others (Consumer Electronics)
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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