Logistics Robot Market Size, Share, Growth

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The international Logistics Robot Market Report offers research and consulting services focused on achieving competitiveness, with gaining and maintaining market position as the main goal of the program. Company profiles of all the key players and brands dominating the Logistics Robot Market have been considered here. This report has broad and comprehensive market insights based on business intelligence. Logistics Robot s Market document includes Compound Annual Growth Rate (CAGR) estimation in % values for the forecast period which will help clients to take decisions based on futuristic charts.

Data Bridge Market Research analyses that the logistics robot market was valued at USD 14.58 billion in 2022 and is expected to reach USD 85.03 billion by 2030, registering a CAGR of 24.66% during the forecast period of 2023 to 2030.

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Logistics Robot Market Scope and Segmentation

REPORT METRIC	DETAILS
Forecast Period	2023 to 2030
Base Year	2022
Historic Years	2021 (Customizable to 2015-2020)
Quantitative Units	Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered	Product Type (Automated Storage and Retrieval Systems (AS/RS), Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), Articulated Robotic Arms, Good-to-Person Technology (G2P) and Others), Component (Hardware, Software and Services) Operation Environment (Factory Logistics Robots, Warehouse Logistics Robots, Outdoor Logistics Robots and Other Logistics Robots), Application (Palletizing and De-palletizing, Pick and Place, Loading and Unloading, Packaging and Co-packing, Shipment and Delivery and Others), End Use (Healthcare, Retail, Agriculture, Manufacturing and Others)
Countries Covered	U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered	ABB (Switzerland), FANUC Corporation (Japan), YASKAWA ELECTRIC CORPORATION. (Japan), Toshiba Corporation (Japan), OMRON Corporation (Japan), Sidel Group (France), Krones AG (Germany), Fetch Robotics (U.S.), Midea Group (China), Bastian Solutions, LLC (U.S.), KION GROUP AG (Germany), Clearpath Robotics Inc. (U.S.), FedEx (U.S.), DHL International GmbH (Germany), Aramex (UAE), Universal Robots (Denmark), Clipper Logistics plc (U.K.), KUKA AG (Germany)
Market Opportunities	Increasing popularity of autonomous warehouses Surging investments by logistic service providers

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Market Definition

Logistics robots include any autonomous machine or system which is used to automate maximize safety, product flows, and increase productivity in warehouse operations. These are flexible in nature and decrease the interference of human labour. Logistics robots are automated systems or machines used in storage units, ports, warehouses, and others. Logistics robots reduce the probability of human errors and simplify the operations.

Logistics Robot Market Dynamics

Drivers

Growth and expansion of e-commerce industry

E-commerce industry plays significant role to the increasing deployment of logistics robot. To keep up with distribution timetables, wholesalers are being forced to use automation to perform repetitive activities by using robotic solutions owing to a rise in online consumers. Moreover, effective integration of digital automation networks provides exact picture of activities. As a result of this, shipping companies, manufacturers and other businesses may rapidly assess the situation of their operations. This function is important for e-commerce sector because they are mainly concerned with meeting the requirements of their consumers on time. This also contributes to the growth of the market.

Rapid Digitization

The market is anticipated to emerge during the forecast period due to the increasing adoption of autonomous warehouses. These automated solutions are steadily gaining traction due to the emergence of technologies such as the Industrial Internet of Things (IIoT), machine learning and big data, which remove the risk of error owing to manual management and increase the throughput of warehouse logistics robots. Furthermore, the collective digitization and speedy technological advancements are considered as major driving factors for the market growth.

Opportunities

Increasing popularity of autonomous warehouses

The rising popularity of autonomous warehouses is expected to provide lucrative opportunities for market growth. The idea of warehouses outfitted with autonomous technologies is gathering momentum all over the globe. Robots control many operational processes, including transportation, scanning, picking and placing, and other tasks. With the growing number of autonomous warehouses, the market is expected to grow at a rapid pace in upcoming years.

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