Logistics robots automate control of the process of storing and moving goods as they proceed through the supply chain. They are frequently used in warehouses and storage facilities to organize and transport products, a process referred to as intralogistics, but they can be used in other environments where human access can be difficult and unsafe. Logistics robots takes less time than manual labour which leads to greater productivity and profitability.
Factors Driving Growth of the Global Logistics Robot Market
Rising demand for logistics robots for logistics operations to save cost and time drives the growth of global logistics robot market. Growing events of accidents in warehouses or storage units is encouraging the firms to employ logistics robots. Stringent safety norms and regulations to avoid dangerous and hazardous environment involving gases or materials will further strengthen the growth of logistics robot market.
According to the International Federation of Robotics, the sales of logistics robots in 2017 experienced a strong growth with 69,000 units sold, which is an increase of 162% as compared to 2016. Additionally, according to ‘A3 Robotics’ which is North America’s largest automation trade association, it is estimated that 485,000 units would be sold between 2019 and 2021, which would exhibit a CAGR of 18%.
Trends of the Global Logistics Robots Market
Development of e-commerce sector create profitable growth opportunities for the global logistics robot market. Since the arrival of e-commerce, delivering goods to the customer’s door from the factories or warehouses has become a gigantic task for logistics companies. For instance, retail players such as Amazon and Walmart have already installed robots in their warehouses, especially in the wake of current situations. Strengthening robotics in logistics reduces around 70% of warehouse labour cost and helps businesses to function with minimal costs.
Global Logistics Robot Market: Regional Insights
Based on regions, global logistics robots market can be categorized into North America, Latin America, Asia Pacific, Europe, and Middle East and Africa.
North America held the highest market share in 2020 owing to rapid construction of warehouse and distribution centres. Also, investment in smart factories and automated warehouse leads to increasing sales of logistics robots. Growth in e-commerce, retail, and healthcare industry would play an important role in the growth of sales across the regions.
Asia Pacific is expected to grow at a higher rate in the coming years owing to the presence of manufacturing operations. China is considered as one of the leading consumers of logistics robots. The country is well ahead as compared to other country in terms of robot density. Organizations such as ABB, KION GROUP AG, FANUC CORPORATION are focussing on mergers & acquisitions to improve the usage of robots in the Chinese market.
E-commerce industry, retail industry, and warehouse construction will lead to a decent growth of logistics robot in Africa, Latin America, and Europe. As per reports of World Trade Organization, the penetration of mobile phone connection using 4G technology would increase from 5% in 2017 to 21% in 2025 which would be a major asset for e-commerce sector. As a result, this will lead into construction of large warehouses which will accelerate further growth of logistics robot in the African region.
Key Players in Global Logistics Robots Market:
Daifuku, Knapp, Dematic, Grenzebach, Bastian, CIM Corp, Amazon Robotics, Vanderlande, Vecna, Hitachi, Hi-tech Robotic Systemz limited, Grey Orange pte ltd, IAM Robotics LLC, Fetch Robotics inc, FANUC Robotics, Universal Robots, Yaskawa Electric corporation, ABB, Omron Adept Technologies, Kuka Robotics, UC Berkley, Stäubli, DENSO, EVS Tech Co. LTD., and others
Global Logistics Robot Market: Taxonomy
On the basis of product type, the global logistic robot market is segmented into:
On the basis of application, the global logistic robot market segmented into:
On the basis of end-use industry, the global logistic robot market is segmented into:
On the basis of region, the global logistic robot market is segmented into: