Logistics Robots Market Report 2020-2025 | Industry Trends, Market Share, Size, Growth and Opportunities
According to the recent report by IMARC Group, titled “Logistics Robots Market Share : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global logistics robots market grew at a CAGR of about 25% during 2014-2019 and expected to continue its strong growth during the next five years.
Logistics robots are specially-designed autonomous devices that are used for transporting resources in a logistic network. They help in performing various intralogistics processes within warehouses and storage facilities, including storing, moving, and organizing goods. Mobile automated guided vehicles (AGVs) and robotic arms are some of the examples of logistics robots. They operate in predefined pathways and streamline the supply chain, thereby reducing the cost of logistics and offering a greater level of uptime. Moreover, logistics robots are equipped with visual, audio, or thermal sensors according to the requirement. As they offer significant profit and productivity gains in comparison to manual labor, they are gaining immense traction in both the developing and developed nations.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Logistics Robots Market Trends:
To get a strong foothold in the market, several companies are incorporating logistics robots in their warehouse and storage facilities to enhance their operational efficiency. In addition to this, the booming e-commerce industry is providing a thrust to the market growth. Increasing income levels, internet penetration, and changing living lifestyles have augmented the number of online buyers, which has led to the adoption of robotic solutions to map the delivery timeline and automate the transportation process. Apart from this, several companies like XPO Logistics, Inc., Amazon.com, Inc., and DB Schenker are investing in innovative solutions like the integration of artificial intelligence (AI) and real-time tracking in logistics and warehousing operations. Such innovations and investments in this field are expected to create a positive outlook for the market. Furthermore, the breakout of the coronavirus disease (COVD-19) has fueled the demand for logistics robots to reduce the spread of the disease and minimize the losses incurred due to lockdowns.
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Global Logistics Robots Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABB Ltd., Asic Robotics AG, Clearpath Robotics Inc., FANUC Corporation, Fetch Robotics Inc., Kion Group AG, KUKA Aktiengesellschaft (Midea Group Co. Ltd.), Omron Corporation, Toshiba Corporation and Yaskawa Electric Corporation.
The report has segmented the market on the basis on region, component, robot type, function, operation area and end use industry.
Breakup by Component:
Breakup by Robot Type:
- Autonomous Mobile Robots
- Automated Guided Vehicles
- Robotic Arms
Breakup by Function:
- Pick and Place
- Loading and Unloading
- Packing and Co-Packing
- Shipment and Delivery
Breakup by Operation Area:
- Factory Logistics Robots
- Warehouse Logistics Robots
- Outdoor Logistics Robots
Breakup by End Use Industry:
- Food and Beverages
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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