Logistics Robots Market 2024 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

The global market value of the logistics robots market was valued at USD 6.21 billion in 2022, and a CAGR of 15.9% is expected during the forecast period. Logistics Robots are robots that automate the process of storing and transporting goods. The growth of e-commerce is an important factor in the logistics robots market. It also helps improve the safety of warehouse workers. Robots perform many important things very easily and efficiently in comparison to humans. The trending usage of robots for last-mile delivery will boost revenue opportunities for logistics robots.

E-commerce is surely the biggest reason to boost the market from B2B to B2C. Increasing demand for improving operational scalability is driving the growth of the logistics robot market. The quick adoption of new technology is also driving growth in the market. Increasing demand from food and other industries to complete delivery on time is driving growth in the market. Increasing automation in warehouses and logistics operations is driving growth in the market. Autonomous robots are designed to perform tasks like transporting goods, picking, and packing items.

Growth Drivers

Increasing growth in the e-commerce sector is driving growth in the market. Logistics robots are flexible in nature, and they are used in logical operations. The increasing inclination towards minimizing operation time and increasing operational efficiency is driving growth in the market. Rising product usage in warehouses for operational efficiency to fulfill the supply-chain gap is driving growth in the market. Articulated robots are used to perform complex operations with precision and in less time and are considered to be a key step towards Industry 4.0, which is driving growth in the market significantly. The increasing trend of autonomous mobile robots is user-friendly.

The increasing use of robots for last-mile delivery operations is driving growth in the market significantly. Increasing demand for autonomous mobile robots in various industries, like banking, hospitality, agriculture, and retail, is driving growth in the market. Increasing demand for pick-and-place is driving growth in the market significantly. There is increasing demand for reducing operational costs and improving efficiency by automating repetitive tasks, and with the rise of e-commerce, there is a need for faster and more accurate order fulfillment. Advances in artificial intelligence and machine learning, along with sensor technology, have made robots smarter and more capable of navigating complex environments. In many regions, there is a shortage of labor for manual logistic tasks, making robots an attractive solution worldwide.

Segmentation

By Type

·         Automated Guide Vehicles

·         Robot Arms

·         Autonomous Mobile Robots

·         Others

By Applications

·         Palletizing, and De-Palletizing

·         Pick and Place

·         Transportation

·         Others

By Industry

·         E-Commerce

·         Healthcare

·         Retail

·         Food and Beverages

·         Automotive

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Logistics Robot Market by Industry Segmentation

On the basis of the industries, the logistics robots market is segmented into e-commerce, healthcare, retail, food and beverage, and automotive. E-commerce is the leading segment in the market and is expected to dominate during the forecast period. The explosive growth of e-commerce is due to the increasing trend of online shopping in recent years. Robots help meet the demand by automating processes such as picking, packing, and sorting in warehouses.

E-commerce companies face pressure to streamline operations and reduce delivery times. Robotics offer speed and accuracy in handling inventory and orders, contributing to faster fulfillment and improved customer satisfaction. Robotics provide scalability, allowing e-commerce businesses to handle seasonal peaks and fluctuations in demand without a significant increase in labor costs.

Advances in robotics, including AI, machine learning, and sensor technologies, have enhanced the capabilities of logistics robots. While initial investment in robotics is significant, the long-term cost savings from reduced labor costs improve efficiency, and fewer efforts make them financially attractive for financial companies.

Regional Outlook

On the basis of the regions, the logistics robots market is segmented into 5 parts: Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. North American companies in industries like automotive, e-commerce, and retail have been early adopters of advanced technologies, including robotics. Many prominent robotics and technology companies have their head offices in North America. These companies have driven innovation and provided robust solutions tailored to the needs of the North American market.

The region is benefiting from well-developed infrastructure in North America, and businesses over here place a high emphasis on operational efficiency and automation to remain competitive in the market. Logistic robots help in achieving these goals by reducing labor costs, improving accuracy, and enhancing overall productivity. North America has a regulatory environment that supports innovation and the deployment of new technologies, including robotics. It has encouraged companies to invest in and adopt logistics robots more readily compared to some other regions. Asia Pacific, due to the presence of emerging economies like China, India, and Japan, is witnessing significant growth in the market due to increasing urbanization and industrialization.

Technological innovation is the main reason behind the significant growth in the market in this region. Increasing growth in e-commerce is driving the demand in the logistic robot market in the Asia-Pacific region significantly. Countries like Japan, South Korea, and China are witnessing significant growth in the market due to technological advancements. Increasing urbanization and rising disposable income in the region are the key factors behind the significant growth in the market. Europe is a prominent region in terms of technological advancements.

Countries like Germany, France, Italy, England, and Russia are the big markets in the region and are witnessing significant growth during the forecast period. Increasing demand for automation in warehouses and distribution centers to improve efficiency is driving growth in the market significantly. Advancements in technology, like AI and machine learning, enhance the capabilities of the logistics robot market significantly. Regulations like safety and collaborations between humans and robots are crucial in shaping market dynamics. The Middle East, Africa, and Latin America are witnessing moderate growth.

Key Players

·         ABB Limited

·         Fanuc Corporation

·         KUKA AG

·         Honeywell International Inc.

·         Yaskawa Electric Corporation

·         Amazon Robotics

·         Clearpath Robotics Inc

·         FedEx

·         DHL International GmbH

·         Other Players