Global Logistics Robots Market

Logistics Robots Market Size, Share, Growth Analysis, By Type(Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms, Others), By Application(Palletizing & De-palletizing, Pick & Place, Transportation, Others), By Industry(E-commerce, Healthcare, Retail, Food & Beverage), By Region - Industry Forecast 2024-2031


Report ID: SQSG20I2002 | Region: Global | Published Date: February, 2024
Pages: 256 |Tables: 95 |Figures: 76

Logistics Robots Market Insights

Logistics Robots Market size was valued at USD 6.17 billion in 2019 and is poised to grow from USD 7.2 billion in 2023 to USD 28.91 billion by 2031, growing at a CAGR of 16.7% in the forecast period (2024-2031).

Logistics robots automate the procedures of storing and transporting items along the supply chain. These robots are frequently used in storage facilities and warehouses because they provide higher levels of uptime than manual labor. It also leads to the biggest productivity increases and profitability for end users. The utilization of warehouses outfitted with self-driving technologies is becoming more popular. It emphasizes the significance of on-time delivery across logistical infrastructures. Furthermore, the increased need for sophisticated supply chain operations and E-commerce fulfillment services is a major driver driving the creation of logistics robotics. At the moment, the use of AI, machine learning, and warehouse management software solutions is creating chances for increased demand for logistics robots across the globe. Furthermore, labor-intensive warehouse operations are forcing retailers and facility owners to embrace automated logistic systems. This is further fueling the growth of the logistics robots Logistics Robots Market.

US Logistics Robots Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 6.17 billion

Largest Segment

Automated Guided Vehicles

Fastest Growth

Automated Guided Vehicles

Growth Rate

16.7% CAGR

Global Logistics Robots Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Logistics Robots Market Segmental Analysis

The Global Logistics Robots Market is segmented on the basis of Type, Application, Industry, And Region. Based on Type, the Logistics Robots Market is segmented into Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms, and Others. Based on Application, the Logistics Robots Market is segmented into Palletizing & De-palletizing, Pick & Place, Transportation, and Others. Based on Industry, the market is segmented into E-commerce, Healthcare, Retail, Food & Beverage, Automotive, and Others. Based on Region, the Logistics Robots Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Logistics Robots Market Analysis by Type

The Logistics Robots Market is divided into autonomous mobile robots, automated guided vehicles, robot arms, and others. The autonomous guided vehicles industry is predicted to increase at a substantial rate during the forecast period owing to its ability to move freely around warehouses and factories. Furthermore, using sensor and guided-vision technology, AGVs can execute an optimal path in real-time or follow a pre-programmed path. Goods are labeled with barcodes and RFIDs, allowing AGVs to recognize the product and deliver it to its intended location. The autonomous mobile robots, robot arms, and other (UAVs) segments are expected to grow at a rapid pace throughout the projection period due to their ability to do repetitive work at a low cost.

 

Global Logistics Robots Market By Type, 2021 (%), 2023 (%)

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Logistics Robots Market Regional Insights

In 2021, North America is expected to have the largest Logistics Robots Market share in the world. This is due to the increased construction of warehouses and distribution centers around the region. Furthermore, significant expenditures in the development of industry 4.0, smart factories, and automated warehousing systems are growing sales of logistics-type robots in this region. Furthermore, the region's expanding E-commerce, healthcare, and retail industries will play an important role in increasing the deployment of these robots.

Asia Pacific is expected to grow at a fastest rate in the coming years. Countries such as China and South Korea are focusing heavily on improving existing technology in order to remain competitive in the global Logistics Robots Market. Furthermore, the growing E-commerce and automotive industries in the Asia Pacific region are propelling the logistics robot industry.

 

Global Logistics Robots Market By Geography, 2021-2028, 2024-2031
  • Largest
  • Fastest

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Logistics Robots Market Dynamics

Logistics Robots Market Driver

  • Order fulfillment in the e-commerce sector is a significant contributor to the growing deployment of logistics robots. To stay up with delivery timetables, businesses are being forced to employ the automation process to do monotonous operations using robotic solutions due to an increase in the number of online customers. Furthermore, the successful integration of digital automation networks enables a real-time perspective of activities. As a result, manufacturers, shipping companies, and other businesses may simply assess the condition of operations. This function is critical for the E-commerce sector because they are primarily concerned with meeting the needs of their customers on time. This also contributes to the market's expansion.

Logistics Robots Market Restraint

  • The high initial installation cost and integration capabilities necessary for mobile logistics robots limit their adoption among end users. The initial investment and maintenance costs of deploying robotics systems are large because high-quality hardware is integrated with an effective software control system. Furthermore, small and medium-sized merchants cannot afford to invest in robotic solutions, so they hire laborers to perform repetitive jobs in warehouses and distribution centers. This is further stifling Logistics Robots Market growth.

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Logistics Robots Market Competitive Landscape

The logistics robots market is relatively fragmented, with a high level of competition. Few large players, like ABB Ltd, Honeywell, and Kiva Systems, now control the Logistics Robots Market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their Logistics Robots Market share and profitability.

Logistics Robots Market Top Player’s Company Profiles

  • ABB (Switzerland)
  • Vecna Robotics (US)
  • KUKA AG
  • Fanuc Corporation
  • Yaskawa Electric Corporation
  • Kawasaki Heavy Industries Ltd.
  • Mitsubishi Electric Corporation
  • Omron Corporation
  • Amazon Robotics LLC
  • Clearpath Robotics Inc.
  • Fetch Robotics Inc.
  • GreyOrange Pte. Ltd.
  • IAM Robotics LLC
  • Locus Robotics Corporation
  • Mobile Industrial Robots (MiR) A/S (a subsidiary of Teradyne, Inc.)
  • SSI Schaefer AG
  • Swisslog Holding AG (a subsidiary of KUKA AG)
  • Wynright Corporation (a subsidiary of Daifuku Co., Ltd.)
  • Grenzebach Group
  • Hyster-Yale Materials Handling, Inc.

Logistics Robots Market Recent Developments

  • In May 2022, ABB launched the ‘ABB Robotic Depalletizer’, a solution for handling complex depalletizing tasks in the logistics, e-commerce, healthcare, and consumer packaged goods industries.
  • In April 2022, Locus Robotics announced its expanded line of warehouse AMRs at MODEX 2022 with the introduction of Locus Vector and Locus Max. The robots themselves aren’t new, as they are the mature autonomous mobile robotic (AMR) solutions coming from the acquisition of Waypoint Robotics. With this announcement however, the Waypoint solutions are now fully integrated into the Locus family and they have a new livery in the white paint scheme and newly remodeled skins on the robots.
  • In March 2022, Vecna Robotics, a US-based flexible material handling automation company, merged with Big Joe a leader in pedestrian material handling equipment, and developed labor-intensive material handling robot called the Vecna CPJ.

 

Logistics Robots Key Market Trends

  • The concept of warehouses outfitted with self-driving systems is gaining traction. Robots oversee the majority of the operational workflow, which includes scanning, pick and place, transportation, and other tasks. With the increasing number of autonomous warehouses, the industry is likely to rise at a rapid pace in the future years. Furthermore, logistic service providers are rapidly investing, which is projected to boost the industry further. For example, in 2019, XPO Logistics, a logistics service provider based in the United States, committed USD 550 million each year to integrate industry-leading innovations across its operations in North America and Europe. Furthermore, the growth of the E-commerce business and the increasing necessity of real-time inventories are two major factors driving global Logistics Robots Market growth.
  • Warehouse security robots are predicted to gain traction in the coming years because security is a continuous worry with the massive investment in the transit of commodities through the world's warehouses. Warehouse security robots are intended to automate the tedious and dangerous functions of perimeter security while freeing up humans for higher-level tasks such as remote robotic vehicle control and monitoring. Increased size allows warehouses to handle increased volumes and a growing number of SKUs.

Logistics Robots Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the expanding number of online consumers is propelling the e-commerce industry all around the world. As a result, retailers are working hard to meet the delivery deadlines. To accomplish this, they are utilizing logistical robots to assist in the completion of complex jobs. Companies in underdeveloped nations, on the other hand, have a variety of hurdles in deploying innovative robots in their businesses, which is accompanied by a large investment demand. This aspect may limit the growth of the logistics robots Logistics Robots Market in the approaching years. Key industry players are implementing cutting-edge technology to acquire a competitive advantage. To compete with their opponents, the majority of them are engaging in collaborative activities such as agreements, contracts, and joint ventures with local enterprises. Vecna Robotics, for instance, is regarded as a Logistics Robots Market leader in the logistic robots business. It has a strong supply chain. Simultaneously, in order to increase sales, it has implemented robotic warehouse technologies.

 

Report Metric Details
Market size value in 2023 USD 6.17 billion
Market size value in 2031 USD 28.91 billion
Growth Rate 16.7%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms, Others
  • Application
    • Palletizing & De-palletizing, Pick & Place, Transportation, Others
  • Industry
    • E-commerce, Healthcare, Retail, Food & Beverage, Automotive, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ABB (Switzerland)
  • Vecna Robotics (US)
  • KUKA AG
  • Fanuc Corporation
  • Yaskawa Electric Corporation
  • Kawasaki Heavy Industries Ltd.
  • Mitsubishi Electric Corporation
  • Omron Corporation
  • Amazon Robotics LLC
  • Clearpath Robotics Inc.
  • Fetch Robotics Inc.
  • GreyOrange Pte. Ltd.
  • IAM Robotics LLC
  • Locus Robotics Corporation
  • Mobile Industrial Robots (MiR) A/S (a subsidiary of Teradyne, Inc.)
  • SSI Schaefer AG
  • Swisslog Holding AG (a subsidiary of KUKA AG)
  • Wynright Corporation (a subsidiary of Daifuku Co., Ltd.)
  • Grenzebach Group
  • Hyster-Yale Materials Handling, Inc.
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Logistics Robots Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Logistics Robots Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Logistics Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Logistics Robots Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Logistics Robots Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Logistics Robots Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Logistics Robots Market size was valued at USD 6.17 billion in 2019 and is poised to grow from USD 7.2 billion in 2023 to USD 28.91 billion by 2031, growing at a CAGR of 16.7% in the forecast period (2024-2031).

The logistics robots market is relatively fragmented, with a high level of competition. Few large players, like ABB Ltd, Honeywell, and Kiva Systems, now control the Logistics Robots Market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their Logistics Robots Market share and profitability. 'ABB (Switzerland) ', 'Vecna Robotics (US) ', 'KUKA AG', 'Fanuc Corporation', 'Yaskawa Electric Corporation', 'Kawasaki Heavy Industries Ltd.', 'Mitsubishi Electric Corporation', 'Omron Corporation', 'Amazon Robotics LLC', 'Clearpath Robotics Inc.', 'Fetch Robotics Inc.', 'GreyOrange Pte. Ltd.', 'IAM Robotics LLC', 'Locus Robotics Corporation', 'Mobile Industrial Robots (MiR) A/S (a subsidiary of Teradyne, Inc.)', 'SSI Schaefer AG', 'Swisslog Holding AG (a subsidiary of KUKA AG)', 'Wynright Corporation (a subsidiary of Daifuku Co., Ltd.)', 'Grenzebach Group', 'Hyster-Yale Materials Handling, Inc.'

Order fulfillment in the e-commerce sector is a significant contributor to the growing deployment of logistics robots. To stay up with delivery timetables, businesses are being forced to employ the automation process to do monotonous operations using robotic solutions due to an increase in the number of online customers. Furthermore, the successful integration of digital automation networks enables a real-time perspective of activities. As a result, manufacturers, shipping companies, and other businesses may simply assess the condition of operations. This function is critical for the E-commerce sector because they are primarily concerned with meeting the needs of their customers on time. This also contributes to the market's expansion.

The concept of warehouses outfitted with self-driving systems is gaining traction. Robots oversee the majority of the operational workflow, which includes scanning, pick and place, transportation, and other tasks. With the increasing number of autonomous warehouses, the industry is likely to rise at a rapid pace in the future years. Furthermore, logistic service providers are rapidly investing, which is projected to boost the industry further. For example, in 2019, XPO Logistics, a logistics service provider based in the United States, committed USD 550 million each year to integrate industry-leading innovations across its operations in North America and Europe. Furthermore, the growth of the E-commerce business and the increasing necessity of real-time inventories are two major factors driving Logistics Robots Market growth.

In 2021, North America is expected to have the largest Logistics Robots Market share in the world. This is due to the increased construction of warehouses and distribution centers around the region. Furthermore, significant expenditures in the development of industry 4.0, smart factories, and automated warehousing systems are growing sales of logistics-type robots in this region. Furthermore, the region's expanding E-commerce, healthcare, and retail industries will play an important role in increasing the deployment of these robots.

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Global Logistics Robots Market

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