The market for logistics robots is predicted to grow at a healthy CAGR of 16.5% between 2023 and 2033. By 2033, the market is projected to reach a market share of US$ 38.13 billion, up from its projected US$ 8.28 billion value in 2023.
The rise of the e-commerce industry is being fueled by the incorporation of cutting-edge technologies like artificial intelligence and machine learning. The sales of logistics robots are also being driven by small firms and cutting-edge delivery choices.
The contactless delivery concept and the usage of robots in the packaging industry were both driven by the Covid-19 pandemic. Additionally, the market is seeing growth in the expanding automation across industries, including the pharmaceutical and automotive sectors.
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The logistics robots are being used in larger warehouses with heavier loads of items to move, transport and scan bar codes for products. Productivity and delivery are anticipated to be improved by the general objective of lowering the operational costs of logistics and transportation combined with the coexistence of humans and robots.
Robotic labour is being used by businesses like Amazon and Walmart to boost productivity and efficiency. Additionally, these platforms have begun utilising robots for quicker product deliveries, shipping, and packaging.
Key Points
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.
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Recent Market Developments
Toshiba Corporation has introduced its De-palletizer with a handling capacity of 30 kgs and an automatic recognition system that helps in segregating the goods and conveying them according to the label.
Omron Corporation has introduced its robotics solutions for logistical operations. The company has added its new products named I4H/L, Quattro, Cobot, and LD Conveyor
Key Segments
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)
Table of Content
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
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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