The Global Logistics Robots Market Size Was Valued At USD 6.17 Billion In 2022. The Market Is Projected To Grow From USD 7.11 Billion In 2022 To USD 21.01 Billion By 2029, Exhibiting A CAGR Of 16.7% During The Forecast Period.

Logistics Robots Market Overview:

The global COVID-19 pandemic has been unprecedented and shocking, but the demand for logistics robots is not as high as it was before the pandemic. According to our research, the average drop in the global market between 2019 and 2020 was 14.1%.

Logistics tasks are done with the help of logistics robots. These can be changed easily and make less use of human labour. The robots are automated machines that are used in warehouses, storage areas, ports, and other places to do the logistics work that needs to be done. This makes things easier to do and makes it less likely that people will make mistakes.

Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), and robot arms are the three types of logistics robots. AGV is a type of mobile vehicle that looks like a girl and is mostly used to move things from one place to another. AGVs are used often in factories, warehouses, distribution centres, and airport terminals. Most AGVs use lane paths, signal paths, or signal beacons to find their way. AMRs use sensors, cameras, artificial intelligence, and machine vision to move around on their own and do a variety of tasks in uncontrolled environments.

Each pick station has a robotic arm that can move heavy loads so that people can move them. This machine is in charge of moving the heaviest packages from the idle zone to the picking stations at the right time. This means that forklifts or pallet trucks are no longer needed to move these kinds of packages.

Market Dynamics:

Latest Trends:

During the COVID-19 pandemic, most people were able to save money by getting used to working from home. This helped the e-commerce industry, which needs smarter ways to handle inventory and delivery.

Tech robotics giants like ABB and Siemens are making six-axis and task-specific robots that can handle complicated logistics and manufacturing tasks, which is driving up the demand for logistic robots.

The newest 3D printing technology has made it easier for start-ups and new techies to make their own robots, which lowers the cost of production for small-scale industries.

AI-ML and logistic robots are working together to manage in-house inventory and move it. Most people prefer warehouse logistics robots with simple interfaces that are easy to use and require little maintenance.

Driving Factors:

In the last few years, there have been a lot of changes to the warehouse chain and logistics corridor to reduce the amount of time trucks are on the road. The logistics industry is paving the way for robots to be used in-house.

Robotics are being used more and more in industries like pharmaceuticals, automotive, and others to improve their manufacturing processes and make them better and more efficient.

Articulated robots are used to do complicated tasks more accurately and in less time. They are a key step toward Industry 4.0. Warehouse shuttles and mobile robots make it easier for managers to run the warehouse.

So, the demand for these robots is influenced by the growing preference for end-to-end automation in the warehouse. This is done to improve operational efficiency in the logistics sector and to ease concerns about the supply chain.

Restraining Factors:

In developing countries, the market is still in its early stages, even though it is growing. The growth will be slowed by the lack of parts for robots and problems in the supply chain caused by the high cost of the parts.

Data privacy is the second biggest worry for most people in the industry, and doubts about data security are keeping them from cobots that are ready for the future (human collaboration robots).

The lack of logistics infrastructure and warehouse chains in developing countries, as well as a slow Return on Investment (ROI), are slowing down investment. Additional costs, such as training and software upgrades, also require more capital, which slows the growth of the market.

Taking into account the above, growing research and development for robotic advancement with high investment costs and slow return on investment could lead to more growth restrictions.

Segmentation Analysis:

By Type:

The Automated Guided Vehicles (AGV) segment is likely to hold a major share in the market. Adoption of AGV is growing significantly in various industries for automation solutions and material handling equipment. In the manufacturing industry, adoption of AGV is increasing as these vehicles can operate unfailingly and it also saves labor cost.

Autonomous mobile robots are user-friendly, cost-effective, and reliable, thus they are preferred in numerous industries. As autonomous technology advances, the proliferation of AMR will penetrate in several industries. AMR can work in extreme conditions and due to its cutting-edge technology, AMR provides services in manufacturing, warehousing, logistics, healthcare, retail, banking, hospitality, agriculture, and the public sector.

Robot arms are in demand due to the moving business operations of the company owing to the pandemic-induced work-from-home policy. Warehouse advancement and adopting advanced technologies are additional factors favoring the adoption of robot arms.

By Application:

Because automation is being used more and more in the packaging industry, palletizing is becoming more important in other industries. Also, these robots were used more and more on the manufacturing production line. This technology gets rid of the dangers of industrial accidents, such as fatigue, injury, and the effects of doing the same thing over and over again, which makes you tired.

The demand for pick-and-place is expected to grow because of improvements in robotics technology, rising labour costs in developed countries for miniaturisation in the electronics industry, and government incentives to promote industrial automation.

Transportation companies are using robots more and more because they are faster, more accurate, and safer. With the help of robots, a lot of different and complicated tasks in the global supply chain's distribution networks can be done.

By Industry:

E-commerce is going to make up a big part of the market. As more people get online and more people shop online, this sector is doing very well, especially in emerging markets. Organizations in this sector have put a lot of effort into improving the quality of packaging, making sure things get delivered on time, and using logistics robots. For example, in June of 2019, Amazon started using a new delivery drone that can deliver packages to customers within 15 miles and in less than 30 minutes. Because of this, it is likely that e-commerce will drive the market.

During the forecast period, the healthcare, retail, food & beverage, and automotive segments are expected to grow at a significant rate. This is because people have more money to spend, more customers want real-time delivery, and more people are buying FMCG products.

Regional Insights:

Because there are manufacturing businesses there, Asia-Pacific is likely to grow faster in the coming years. China is one of the most important places in the area to buy logistics robots. This country has a lot more robots than most others.

Also, governments in the Asia-Pacific region are putting money into healthcare infrastructure to encourage hospitals to use laparoscopic surgery instead of traditional open surgery. For instance, traditional open surgery is already being replaced in Japan by minimally invasive techniques, single-incision surgery, and robotic surgery. The demand for products in the region is being driven by the growth and expansion of e-commerce.

Developing countries like India and China are likely to become the biggest market share contributors from this area.

China is one of the biggest markets for goods. Research shows that when it comes to the number of robots in different industries, such as logistics, chemicals, automotive, electronics, and others, the country is far ahead of others. In line with this, market players like ABB, KION GROUP AG, FANUC CORPORATION, and others are focusing on merger and acquisition strategies to increase their penetration rate in the China logistics robotics market.

Because China's population is getting older, the government plans to use robots instead of people to do work. To build a stronger and better supply chain, manufacturers are trying to reach more direct customers and run their businesses more efficiently by taking advantage of the best places and areas in their local market.

In 2020, North America had the biggest share of the logistics robots market. This was because warehouses and distribution centres were being built quickly there. The product is also selling more because of investments in smart factories and automated warehouses. A lot of the revenue growth in the region will come from growth in e-commerce, retail, and health care. The growth of the market in the region is being driven by the increasing use of these robots in logistics to save money and time. Companies are turning to logistics robots because there are more accidents in warehouses and storage units than ever before. The growth of the logistics robots market in the region will be helped even more by strict safety rules and regulations that aim to keep dangerous environments free of gases and other substances.

Since the automotive and manufacturing industries bring in most of the money in Europe, most companies are trying to grow their businesses in other countries. The Robotics as a Service (RaaS) business model, which is becoming popular, makes it easier for customers to use robots to automate tasks. The benefit is that there is no investment in hardware, so companies don't need fixed capital, fixed costs, or robot operators. Logistics systems in industries that don't make things have led to a lot of warehouse solutions for big e-commerce companies. Hospitals that use service robots to help with logistics also have a lot of potential. About 90% of the logistics robots that were tested in the professional service robot market were made in Europe.

Due to its low agricultural capacity, the Middle East imports a lot of food and drinks every year. In July 2019, Saudi Arabia's government said it would buy 715,000 tonnes of wheat from other countries between September 2019 and November 2019. This means that more storage space is needed, which can be met by warehouses with robotic systems.

Scope Analysis

Recent Development:

• In November 2021: FANUC Corporation launched advanced LR-10iA/10 robots. These robots are compact and suitable for companies with limited floor space. These robots fit into machine tools for loading and unloading the parts. The LR-10iA/10 solution helps distribution centers, logistics warehouses, and manufacturers overcome obstacles associated with labor shortages and also reduces operating costs.
• In April 2021: Toyota Industries Corporation launched a global autonomous vehicle software development firm, T-Hive. The new firm T-Hive would provide a control system and industrial logistics robotics solutions, including automated guided forklifts, automated guided vehicles, and autonomous mobile robots. The new firm was established to meet the robots' growing demands for its customers.
• In February 2021: ABB Ltd. launched collaborative robots named SWIFTI and GoFa cobot, offering high payloads and speeds for logistics and other industries. These cobots can deliver more robust, faster automation in several industries, including healthcare, electronics, consumer goods, logistics, food and beverages, and others.
• In September 2021: Kion Group AG partnered with Fraunhofer IML to develop swarm robots for warehouse management. The partnership made a logistic robots project and developed ‘the LoadRunner’ robot for warehousing. The next generation of autonomous transport vehicles revolutionizes intralogistics solutions with Artificial Intelligence (AI) technology. Swarm robotics simplifies the warehouses—with KION as the exclusive champion of the new technology.
• In December 2019: Toshiba Corporation’s subsidiary firm Toshiba Machine launched collaborative robots. With SCARA duo-arm and humanoid duo-arm cobots, the company expanded its robot line and prepared to do business as Shibaura Machines.

Market Segmentation

By Type:

• Automated Guided Vehicles
• Autonomous Mobile Robots
• Robot Arms
• Others (UAVs)

By Application:

• Palletizing & De-palletizing
• Pick & Place
• Transportation
• Others (Shipment & Delivery)

By Industry:

• E-commerce
• Healthcare
• Retail
• Food & Beverages
• Automotive
• Others (Consumer Electronics)

By Companies:

• ABB Ltd (Switzerland)
• KUKA AG (Germany)
• Toyota Industries Corporation (Japan)
• Fanuc Corporation (Japan)
• Yaskawa Electric Corporation (Japan)
• Kion Group Ag (Germany)
• Toshiba Corporation (Japan)
• Krones AG (Germany)
• Kawasaki Heavy Industries Ltd. (Japan)
• Omron Corporation (Japan)
• Others

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic and non-economic factors;
• Provision of market value (USD Billion) data for each segment and sub-segment;
• Indicates the region and segment that is expected to witness the fastest growth and to dominate the market;
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the market's dominance by region;
• Analysis by product/service type
• Competitive landscape that includes the market ranking of the top competitors, as well as new service/product launches, collaborations, business expansions, and acquisitions of companies featured during the previous five years
• Extensive company profiles with business overview, company insights, product benchmarking, and SWOT analysis for the leading market players
• The current and future market outlook of the industry in light of recent developments (which include growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions)
• Includes an in-depth analysis of the market from multiple perspectives using Porter's five forces analysis Provides market insight across the Value Chain
• Market dynamics situation, as well as development potential for the market in the coming years
• 6-month post-sale analyst assistance