Logistics Robot Market | Contrive Datum Insights

Global Logistics Robot Market size was valued at USD 14.58 billion in 2023 and is projected to reach USD 85.03 billion by 2030, growing at a CAGR of 24.66% from 2023 to 2030.

Logistics Robot Market Overview:

The logistics robot market is a rapidly growing market that is being driven by the increasing demand for automation in logistics and warehouse operations. Logistics robots are automated machines that are used to perform a variety of tasks in logistics, such as picking and placing, order fulfillment, and material handling.

The logistics robot market refers to the segment of the robotics industry that focuses on the development, production, and deployment of robotic systems and technologies specifically designed to enhance and automate various aspects of logistics and supply chain operations.

The logistics robot market has grown in response to the increasing demand for faster, more efficient, and cost-effective supply chain operations. These robots leverage technologies such as artificial intelligence, machine learning, computer vision, and sensor integration to perform tasks autonomously and accurately. The market includes a wide range of robot types, from autonomous mobile robots (AMRs) and robotic arms to drones and autonomous vehicles, all aimed at transforming and modernizing logistics and supply chain management.

Recent Market Development:

• In November 2021, the LR-10iA/10 robots from FANUC Corporation were released. These robots are small, so companies with limited floor room can use them. These robots can be used to load and remove parts from machine tools. The LR-10iA/10 solution helps distribution centers, logistics warehouses, and factories deal with labor shortages and lower running costs.
• In April 2021, Toyota Industries Corporation opened T-Hive, a global company that makes software for self-driving cars. The new company, T-Hive, would offer a control system and industrial transport robotics solutions, such as automated guided forklifts, automated guided vehicles, and autonomous mobile robots. The new company was set up to meet the growing needs of its users for robots.
• In February 2021, ABB Ltd. released collaborative robots called SWIFTI and GoFa cobot. These robots can carry heavy loads and move quickly, making them useful in transportation and other fields. These cobots can make automation in many fields, like healthcare, electronics, consumer goods, logistics, food and drinks, and more, more reliable and faster.
• In September 2021, Kion Group AG and Fraunhofer IML worked together to make swarm robots for managing warehouses. The group worked together on a logistics robots project and made a warehouse robot called "the LoadRunner." The next wave of self-driving vehicles will change the way AI is used in intralogistics solutions. Swarm robotics makes buildings easier to work in, and KION is the only company to use this new technology.
• In December 2019, joint robots were released by Toshiba Machine, a company that is part of Toshiba Corporation. The company added SCARA duo-arm and humanoid duo-arm cobots to its line of robots and got ready to do business as Shibaura Machines.

COVID-19 IMPACT:

During the pandemic, problems with the supply chain and production kept the market from growing as fast as it could.

The spread of COVID-19 did a lot of damage to the world market. Because of the pandemic, lockdowns were put in place, which hurt the growth potential of the market as a whole because they cut down on supply and made end users less likely to buy.

In 2019, there was friction between the most powerful countries because of a slowdown in business around the world. The market is also expected to fall because of problems with the economy and the supply chain. After the COVID-19 pandemic hit important countries around the world, the key players' net sales went down, and as a result, their profit margins went down. Because of the COVID-19 pandemic, foreign travel was limited and other safety steps were put in place.

But because people were trying to get the economy going again, there was more demand for transportation robots in the healthcare, e-commerce, and auto businesses. After the COVID-19 pandemic, companies will try to restructure their business models and make them more resistant to disruptions so they can handle similar situations in the future. But investments in the ability to make new cars and improvements to manufacturing areas drive the market.

Market key players:

• ABB
• Amazon Robotics
• FANUC Corporation
• Fetch Robotics
• Grey Orange
• KION Group AG
• KUKA AG
• Mobile Industrial Robots
• Omron Corporation
• Toyota Industries Corporation

Key Vendors:

ABB: ABB is a Swiss multinational company that makes robots, power, automation, and electrical goods. ABB is one of the most well-known companies that makes logistics robots. Its goods are used in many different fields, such as e-commerce, manufacturing, and healthcare.

Amazon Robotics: Amazon Robotics is a division of Amazon that makes and creates robots for logistics. Amazon uses robots made by Amazon Robotics in its warehouses to automate jobs like picking and packing. These robots have helped Amazon become much more efficient and productive.

FANUC Corporation: FANUC is a Japanese multinational company that excels in robotics and automation. FANUC is one of the top companies that makes industrial robots. It also has a line of robots that help with transportation. Logistics robots made by FANUC are used in many different fields, like manufacturing, shipping, and healthcare.

Fetch Robotics: It is a company based in California that makes and creates autonomous mobile robots (AMRs) for use in logistics. AMRs made by Fetch Robotics are used in many different fields, such as e-commerce, industry, and healthcare.

Grey Orange: Grey Orange is an Indian business that makes automation solutions for warehouses. Grey Orange makes a number of AMRs, as well as conveyor systems and other automation technologies. Grey Orange's goods are used in e-commerce, manufacturing, and retail, among other places.

Based on types:

• Automated guided vehicles (AGVs)
• Autonomous mobile robots (AMRs)
• Robot arms
• Others

Automated guided vehicles (AGVs): AGVs are the most common type of logistics robot. They are used to transport goods within warehouses and other logistics facilities. AGVs are typically guided by magnetic strips or lasers.

Autonomous mobile robots (AMRs): AMRs are a newer type of logistics robot that are becoming increasingly popular. AMRs are not guided by any physical means, but instead use sensors and software to navigate their surroundings. This makes them more flexible and adaptable than AGVs, and they can be used in a wider range of applications.

Robot arms: Robot arms are used for a variety of tasks in logistics, such as picking and placing, palletizing, and depalletizing. Robot arms are typically mounted on a fixed base, but they can also be mobile.

Others: This includes robots that are not specifically designed for logistics, but that can be used for logistics applications, such as drones and humanoid robots.

Based on Application:

• Warehouse automation
• Material handling
• Intralogistics

Warehouse automation: Warehouse automation is the largest application segment for logistics robots. Logistics robots are used in warehouses to improve efficiency and productivity. They are used for tasks such as picking and placing, order fulfillment, and material handling.

Material handling: Material handling is another large application segment for logistics robots. Logistics robots are used in material handling to improve safety and reduce labor costs. They are used for tasks such as lifting, transporting, and stacking materials.

Intralogistics: Intralogistics is a smaller application segment for logistics robots, but it is expected to grow at a significant pace during the forecast period. Intralogistics refers to the movement of goods within a logistics facility. Logistics robots are used in intralogistics to improve efficiency and productivity. They are used for tasks such as transporting goods to and from different areas of the facility, and loading and unloading goods from vehicles.

Based on Region:

North America is the largest market for logistics robots, and it is expected to continue to dominate the market during the forecast period. This is due to the presence of a large number of logistics companies in the region, such as Amazon, Walmart, and FedEx.

Europe is the second largest market for logistics robots, and it is expected to grow at a rapid pace during the forecast period. This is due to the increasing demand for automation in logistics in the region.

Asia Pacific is the third largest market for logistics robots, and it is expected to grow at the fastest pace during the forecast period. This is due to the growing e-commerce industry in the region and the increasing adoption of robotics in the manufacturing industry.

The Rest of the World market is expected to grow at a significant pace during the forecast period, with countries such as China, India, and Brazil leading the growth.

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Significant Market Dynamics:

Dynamics

The logistics robot market is a rapidly growing market that is being driven by a number of factors, including:

• Increasing demand for automation in logistics and warehouse operations
• Growing e-commerce industry
• Rising adoption of robotics in the manufacturing industry
• Technological advancements in robotics
• Government initiatives to promote automation in logistics

Restraints

The logistics robot market is also facing some challenges, including:

• High initial investment cost
• Lack of skilled labor
• Safety concerns
• Security concerns

Drivers

The main drivers of the logistics robot market are:

• Increasing demand for automation in logistics and warehouse operations: The logistics industry is facing increasing pressure to automate its operations in order to remain competitive. Logistics robots can help to improve efficiency, productivity, and safety in warehouses.
• Growing e-commerce industry: The e-commerce industry is growing rapidly, and this is driving demand for logistics robots. Logistics robots can help to speed up order fulfillment and improve customer satisfaction.
• Rising adoption of robotics in the manufacturing industry: The manufacturing industry is also adopting robotics at a rapid pace. This is driving demand for logistics robots, as they can be used to automate the movement of goods within manufacturing facilities.
• Technological advancements in robotics: Technological advancements in robotics are making logistics robots more affordable, reliable, and efficient. This is making them more attractive to logistics companies.
• Government initiatives to promote automation in logistics: Governments around the world are promoting automation in logistics in order to improve efficiency and productivity. This is creating a favorable environment for the growth of the logistics robot market.

Trends

The following are some of the key trends in the logistics robot market:

• Increased adoption of autonomous mobile robots (AMRs): AMRs are becoming increasingly popular as they offer a number of advantages over traditional AGVs. AMRs are more flexible and adaptable, and they can be used in a wider range of applications.
• Growing use of logistics robots in e-commerce fulfillment centers: The e-commerce industry is growing rapidly, and this is driving demand for logistics robots in e-commerce fulfillment centers. Logistics robots can help to speed up order fulfillment and improve customer satisfaction.
• Development of new and innovative logistics robots: There is a lot of innovation happening in the logistics robot space. New and innovative logistics robots are being developed all the time. This is helping to drive the growth of the market.
• Increased investment in logistics robot startups: There is a lot of investment happening in logistics robot startups. This investment is helping to fuel the growth of the market.

Challenges

The logistics robot market is also facing some challenges, including:

• High initial investment cost: Logistics robots can be expensive to purchase and install. This can be a barrier for some logistics companies.
• Lack of skilled labor: There is a shortage of skilled labor in the robotics industry. This can make it difficult for logistics companies to find and hire the personnel they need to operate logistics robots.
• Safety concerns: There are some safety concerns associated with the use of logistics robots. These concerns need to be addressed before the market can reach its full potential.
• Security concerns: There are also some security concerns associated with the use of logistics robots. These concerns need to be addressed before the market can reach its full potential.

Opportunities

The logistics robot market is a very promising market with a lot of growth potential. The factors mentioned above are driving the growth of the market, and they are expected to continue to do so in the future.

Here are some of the key opportunities in the logistics robot market:

• The growing e-commerce industry: The e-commerce industry is growing rapidly, and this is creating a significant demand for logistics robots. Logistics robots can help to speed up order fulfillment and improve customer satisfaction.
• The rising adoption of robotics in the manufacturing industry: The manufacturing industry is also adopting robotics at a rapid pace. This is creating a demand for logistics robots to automate the movement of goods within manufacturing facilities.
• The development of new and innovative logistics robots: There is a lot of innovation happening in the logistics robot space. New and innovative logistics robots are being developed all the time. This is creating new opportunities for logistics companies to improve their operations.
• The increased investment in logistics robot startups: There is a lot of investment happening in logistics robot startups. This investment is helping to fuel the growth of the market and create new opportunities for logistics companies.

Scope of Reports:

Conclusion:

In conclusion, the logistics robot business is a growing and changing part of the robotics industry as a whole. Logistics robots have become important tools for businesses around the world as they try to improve efficiency, cut costs, and keep up with the needs of a supply chain that is moving faster and faster. These robots are made to do jobs that people used to do, like moving things around, automating warehouses, keeping track of inventory, making last-mile deliveries, and more.

Advances in artificial intelligence, machine learning, computer vision, and sensor integration have made it possible to make transportation robots that can do a lot and can do it on their own.