Logistics Robots Market to 2027 - Global Analysis and Forecasts By Function (Pick & Place, Palletizing and De-palletizing, Transportation, Packaging); Industry (Healthcare, E-Commerce, Automotive, Outsource Logistics, Retail, Consumer Goods, Food and Beverages, Others); Robot Type (Robotic Arm, AGV, Collaborative Mobile Robots, Others)
Publication Month: Feb 2020 | Report Code: TIPTE100000924 | No. of Pages: 182 | Category: Automotive and Transportation | Status: Published
The logistics robots market was valued at US$ 4,356.2 million in 2018 and is expected to grow at a CAGR of 19.10% from 2019 to 2027 to reach US$ 20,293.4 million by 2027.
The increase in the number of logistics and warehousing companies that are robustly focusing on incorporating robots to gain the benefits of enhanced efficiency, speed, and augmented profits to remain competitive in a market. The adoption of advanced technology such as robotic warehousing and logistics technologies are growing in order to enhance the operation efficiency at affordable price. The global logistics robots market is driven by factors such as a growing percentage of aging population globally leading towards labour shortage and augmenting supply chain networks globally, but high capital investment for the deployment of logistics robots is anticipated to restrain the market growth of the logistics robots market during the forecast period. However, rising warehouse automation and well-established market in APAC and European countries are likely to deliver substantial growth opportunities to improve market share for industry players in the near future.
Lucrative Regional Logistics Robots Markets
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Market Insights
Growing Percentage of Aging Population Globally Leading towards Labour Shortage
The growing percentage of aging population across the globe is one of the major factor for the reduction of labors across various industries. Each country across the world is witnessing an upsurge in the number of elderly people in their community. Population aging has become one of the substantial factor for the social transformations in the 21st century across all sectors, which embraces labor as well as financial markets. Though, various countries such as Italy, Japan, and many more are the countries which listed the maximum number of the aging population proportion, by considering a substantial percentage of their population over 65 years. According to WHO, ~ 2 Mn people around the world are expected to be above 60 years old by the year 2050, which is accounted for the triple of what it was in 2000. The upsurge in the number of aging population accounted for the labor shortage. The implementation of logistics robot across several industries plays an important role, as it reduces the overall cost of the process, increasing productivity, enhancing safety, and reduce human error. The rapid technology advancements across warehouse globally, is focusing on the requirement related to the difficulties faced by supply chain process and assuring that the technology used associated with the business objectives. The implementation of robots across different units, functions, and stages in product lifecycles have been a key challenge faced by warehouses today on their growth path, which would, in turn, boost the logistics robots market in the near future.
Robot Type Insights
The collaborative mobile robots segment captured the largest share in the global logistics robots market. They are being deployed across various industries for performing a number of tasks such as packaging, machine tending, and material handling, as these cobots are proficient enough to handle heavy-duty as well as light operations. They are highly accurate, flexible, and precise. Further, cobots are easy to maintain and are more accessible to reconfigure and reprogram. These robots can also handle sensitive work; moreover, they adjust themselves according to the inconsistencies occurring during manufacturing processes. Cobots are capable of gathering critical metrics for providing onboard analysis, along with reports, to simplify the decision-making process drives the overall logistics robots market.
Function Insights
The transportation segment captured the largest share in the global logistics robots market. the goods are palletized, and there is a slight variation in several product shapes and sizes, which has required the automation for loading and unloading of these goods. The 3D laser vision is integrated with the new robotic software, which aids users with a visibility of different products in containers, determine the ideal loading/unloading sequence, and carry out the process with a high accuracy. Logistic robotics is employed for moving target rack, draw and lift up basket, stretch the fork on shelf, and return the target position drives the overall logistics robots market.
Global Logistics Robots Market, by Function – 2018 & 2027
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Industry Insights
The outsourced logistics segment captured the largest share in the global logistics robots market. These logistics service providers are offering various services, which include warehousing, inventory management, transportation, distribution, order fulfillment, and freight consolidation. The ever-increasing demand for timely delivery management as well as shipping cost reduction, enhancing the focus on keeping the record of material in stock, and core business & reduction on the company’s assets that is anticipated to drive the market for logistics robots during the forecast period.
Strategic Insights
Several market initiative strategy is commonly adopted by companies to expand their footprint worldwide and meet the growing demand. This strategy is mostly observed in Europe and APAC. The players present in the logistics robots market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally.
Logistics Robots Market – By Robot Type
- Robotic Arm
- AGV
- Collaborative Mobile Robots
- Others
Logistics Robots Market – By Function
- Pick & Place
- Palletizing and De-palletizing
- Transportation
- Packaging
Logistics Robots Market – By Industry
- Healthcare
- E-Commerce
- Automotive
- Outsource Logistics
- Retail
- Consumer Goods
- Food and Beverages
- Others
Logistics Robots Market – By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of the Middle East and Africa
South America
- Brazil
- Argentina
- Rest of South America
Company Profiles
- AGV International
- Clearpath Robotics
- Daifuku Co. Ltd.
- Fanuc Corporation
- Fetch Robotics Inc.
- Kion Group AG
- KNAPP AG
- Kollmorgen
- KUKA AG
- Toshiba Corporation
Frequently Asked Questions
The List of Companies - Logistics Robots Market
- AGV International
- Clearpath Robotics
- Daifuku Co. Ltd.
- Fanuc Corporation
- Fetch Robotics Inc
- KION GROUP AG
- KNAPP AG
- Kollmorgen
- Kuka AG
- Toshiba Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global logistics robot market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global logistics robot market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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