The logistics robots market is expected to expand its roots with a strong CAGR of 16.5% during the forecast period. The market is expected to hold a share of USD 8.28 billion in 2023, while it is anticipated to cross a value of USD 38.13 billion by 2033.
The research report on the logistics robots market explains that the 21st century is likely to witness life-transforming technologies. Logistics robots are one of those examples that increases the productivity of any business that deals with shipping, transportation, and in-house goods movement. The addition of artificial intelligence and machine learning, along with robotics, is expected to benefit product-based enterprises. Furthermore, companies going back to normalcy with the symbiosis of humans and robots are saving time and capital for the same.
As the E-commerce market expands its space, technological solutions like E-logistics, storage, and transportation robots are also gaining traction. The adoption of logistics robots cuts down warehouse labor expenditure and helps businesses function efficiently. The restoration of industrial growth, along with the elements of the fourth industrial revolution, is making it easy for warehouses to function efficiently.
Small and medium-sized businesses that absorb a significant amount of the logistics robots market implement automated guided vehicles (AGVs) in storage spaces. These robots help in reducing logistical costs while streamlining the supply chain. Institute of supply management survey, 2021, explains that the manufacturing output is gradually coming back to the pre-pandemic levels. This is pushing the demand for innovation and technology like logistics robots that strengthen supply management.
The growth of the logistics robots market can be witnessed in the e-commerce giants like Walmart and Amazon. Other than that, rapidly proliferating Asian economies like India and China are also experiencing growth. For instance, Alibaba invested USD 15 billion for the enhancement of their logistical operation through robot adoption. The lower human touch increases the quality and supports the error-less movement. Expanding industry 4.0 is likely to have a positive impact on the logistics robot market.
The logistics robots market outlook states that advanced business projects like agricultural businesses and new products add up in the e-commerce sector. These products, with their own logistics and transportation department, are also adopting smart robotic technology for the easy mobility of goods and products.
The goods-to-person with order picking to the smooth internal goods movements through electrified monorails is fueling the demand for logistics robots. Advanced transportation through robotic drones is propelling the benefits of online product delivery and lower costs. Rising demand for a platform that minimizes operational time and adds new dimensions to the market is expanding the logistics robots market size.
Attributes | Details |
---|---|
Logistics Robots Market CAGR (2023 to 2033) | 16.5% |
Logistics Robots Market Size (2023) | USD 8.28 billion |
Logistics Robots Market Size (2033) | USD 38.13 billion |
Robotic technology is mainly adopted for two factors: reduced cost and faster operations. These objectives are also prominent in transportation and logistical operations. FMI describes the primary factors and restraints of the logistics robots market in detail
Drivers
These are the factors that are expected to garner logistics robotics market growth.
Restraints
Booming eCommerce Industry along with the Strict Logistical Norms around Specific Industries are boosting Regional Growth
The North American logistics robots market is expected to hold a significant space in 2023.
The growth is attributed to the growing construction activities along with the rapidly expanding e-commerce businesses. The growth in sectors like automotive and pharmaceutical are pushing companies to adopt the latest technology to enhance their productivity. Stringent norms around manufacturing, production, and logistical operation promote the use of logistics operations. These norms are especially applicable to the production and manufacturing of hazardous substances and gases. Furthermore, the presence of e-commerce giants like Walmart and Amazon is expanding the logistics robots market.
Rising cases of accidents in warehouses and storage units are anticipated to fuel the growth of this region.
Higher Population and Rapidly Building Infrastructure is Fueling Regional Growth
The Asia Pacific region, with its emerging economies like China and India, is penetrating each technologically advanced market. The application of logistics robot systems has increased in the region with the increase in small and medium-sized businesses. Furthermore, China is one of the significant consumers of the market owing to its aging population. China also plans on replacing its labors with robots for higher accuracy and reduced cost. The higher robot density in China is proof of the success of the logistics robots market in the region.
Higher Application in Automotive and Construction Sector are likely to Transform the Market Dynamics
With the wider verticals, logistics robots are being used at a higher rate in automotive manufacturing. This is due to the presence of automotive giants in the region. Companies like Audi, BMW, and Volkswagen are automating their production facilities. Companies also integrate technology with artificial intelligence so that it can function with a human touch while being accurate. The expanding packaging and transportation industry in the region is also likely to contribute to market growth.
Lastly, the emergence of industry 5.0 and industrial automation is likely to draw a new picture of modern industries. The elements like AI, robotics, and cloud storage are anticipated to act like boosters.
Segment | Top Sub-segment |
---|---|
Top Industry | eCommerce |
Top Application | Palletizing |
Based on industry, the eCommerce segment gains the most traction as it has the highest consumption. The growth is attributed to the higher smartphone and internet access that delivers easy shopping options with discounted prices and higher availability. Furthermore, advanced eCommerce robotic technology such as drones, rovers, and other robots are increasing the demand in the e-commerce industry. The other segments, like healthcare and automotive, are also significant industries that are increasing the use of robotic technology in their production process.
By application vertical, the transportation segment holds a significant share. The growth of this segment is directly affected by the increasing accidents, jams, and expanding packaging sector. The option of pick and place, along with the rising labor cost, is fueling the market growth. Furthermore, the addition of new transportation channels along with industrial automation garners the growth of the logistics robots market.
The key players focus on adding new elements and features to the robots so that they become multi-working prospects. The players also integrated artificial intelligence, machine learning, and cloud storage. The use of sensory technology according to the industrial requirement is likely to fuel the demand for logistics robots while expanding the sales channels.
Market Developments
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Application, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by End-Use Industry, 2018 to 2033
Table 8: Global Market Volume (Units) Forecast by End-Use Industry, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 14: North America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by End-Use Industry, 2018 to 2033
Table 16: North America Market Volume (Units) Forecast by End-Use Industry, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 19: Latin America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 20: Latin America Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 22: Latin America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by End-Use Industry, 2018 to 2033
Table 24: Latin America Market Volume (Units) Forecast by End-Use Industry, 2018 to 2033
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 28: Europe Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 29: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 30: Europe Market Volume (Units) Forecast by Application, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by End-Use Industry, 2018 to 2033
Table 32: Europe Market Volume (Units) Forecast by End-Use Industry, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 36: Asia Pacific Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 38: Asia Pacific Market Volume (Units) Forecast by Application, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by End-Use Industry, 2018 to 2033
Table 40: Asia Pacific Market Volume (Units) Forecast by End-Use Industry, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 44: MEA Market Volume (Units) Forecast by Product Type, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 46: MEA Market Volume (Units) Forecast by Application, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by End-Use Industry, 2018 to 2033
Table 48: MEA Market Volume (Units) Forecast by End-Use Industry, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by End-Use Industry, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 10: Global Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 14: Global Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by End-Use Industry, 2018 to 2033
Figure 18: Global Market Volume (Units) Analysis by End-Use Industry, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by End-Use Industry, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by End-Use Industry, 2023 to 2033
Figure 21: Global Market Attractiveness by Product Type, 2023 to 2033
Figure 22: Global Market Attractiveness by Application, 2023 to 2033
Figure 23: Global Market Attractiveness by End-Use Industry, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by End-Use Industry, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 34: North America Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 38: North America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by End-Use Industry, 2018 to 2033
Figure 42: North America Market Volume (Units) Analysis by End-Use Industry, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by End-Use Industry, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by End-Use Industry, 2023 to 2033
Figure 45: North America Market Attractiveness by Product Type, 2023 to 2033
Figure 46: North America Market Attractiveness by Application, 2023 to 2033
Figure 47: North America Market Attractiveness by End-Use Industry, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by End-Use Industry, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 58: Latin America Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 62: Latin America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by End-Use Industry, 2018 to 2033
Figure 66: Latin America Market Volume (Units) Analysis by End-Use Industry, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by End-Use Industry, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End-Use Industry, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Product Type, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 71: Latin America Market Attractiveness by End-Use Industry, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by End-Use Industry, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 82: Europe Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 86: Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by End-Use Industry, 2018 to 2033
Figure 90: Europe Market Volume (Units) Analysis by End-Use Industry, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by End-Use Industry, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by End-Use Industry, 2023 to 2033
Figure 93: Europe Market Attractiveness by Product Type, 2023 to 2033
Figure 94: Europe Market Attractiveness by Application, 2023 to 2033
Figure 95: Europe Market Attractiveness by End-Use Industry, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by End-Use Industry, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by End-Use Industry, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Units) Analysis by End-Use Industry, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by End-Use Industry, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by End-Use Industry, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by Product Type, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Application, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by End-Use Industry, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by End-Use Industry, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 130: MEA Market Volume (Units) Analysis by Product Type, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 134: MEA Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by End-Use Industry, 2018 to 2033
Figure 138: MEA Market Volume (Units) Analysis by End-Use Industry, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by End-Use Industry, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by End-Use Industry, 2023 to 2033
Figure 141: MEA Market Attractiveness by Product Type, 2023 to 2033
Figure 142: MEA Market Attractiveness by Application, 2023 to 2033
Figure 143: MEA Market Attractiveness by End-Use Industry, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
A CAGR of 16.5% is projected for the industry through 2033.
By 2023, the industry is expected to reach USD 8.28 billion in revenue.
A market of USD 38.13 billion is expected to be achieved by 2033.
Data breaches and high investments limit the growth of the market.
Integration of AI technologies and ML into logistic robots to boost the market.
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