REPORT SCOPE & OVERVIEW
The Logistics Robots Market size was estimated at USD17.12 Billion in 2022 and is expected to reach USD 59.2 Billion by 2030 at a CAGR of 16.8% during the forecast period of 2023-2030.
In logistics operations, logistics robots are utilized. These are adaptable in nature and lessen reliance on human effort. The robots are automated equipment that executes logistical tasks in warehouses, storage facilities, ports, and other locations. This simplifies procedures and reduces the possibility of human error. Automated guided vehicles (AGVs), autonomous mobile robots (AMRs), and robot arms are the three categories of logistics robots. An AGV is a sort of autonomous mobility vehicle that is typically used to transport stuff from one location to another. AGVs are extensively utilized in factories, warehouses, distribution centers, and airports. AGVs mostly employ lane routes, signal pathways, or signal beacons for navigation. Sensors, cameras, artificial intelligence, and machine vision are all used by AMRs.
MARKET DYNAMICS
DRIVERS
Logistics robots boost operational efficiency and cost savings by automating processes, reducing mistakes, and optimizing warehouse management. These advantages motivate adoption, especially in companies with high-volume logistical operations.
Technological advancements in robotics technology, such as enhanced sensors, artificial intelligence, and machine learning, have made logistics robots more powerful, adaptable, and cost-effective, propelling market expansion even further.
Concern for the Environment The logistics business is becoming more concerned with sustainability and lowering carbon emissions. Automation, such as the utilization of electric-powered logistics robots, can help to create more environmentally friendly logistics operations.
RESTRAIN
High start-up costs The initial expenditure necessary to integrate logistics robots, which includes purchase, installation, and integration into current systems, can be a substantial barrier for many businesses, particularly small and medium-sized corporations.
Integrating logistics robots into current supply chain and warehouse management systems can be difficult and time-consuming.
Concerns regarding cybersecurity and the preservation of sensitive information are growing as logistics robots become increasingly linked and reliant on data. It might be difficult to ensure the security of these systems.
OPPORTUNITY
Global Growth In emerging areas where logistical infrastructure is increasing, the logistics robot industry has substantial development potential. This covers areas that are rapidly urbanizing and experiencing significant trade.
Specialization and customization The ability to customize logistics robots for specific industry demands and Industrial Verticals opens the door to specialized solutions such as medical logistics, food handling, and hazardous material transfer.
CHALLENGES
Downtime and maintenance Maintaining logistics robots properly and limiting downtime due to technological faults are continuous concerns for organizations that rely on these systems.
Human-robot Collaboration As logistics robots become increasingly common, it is necessary to solve the issues of human-robot collaboration in shared workspace while guaranteeing safety and efficiency.
Innovation and competition The market for logistics robots is extremely competitive, with multiple competitors fighting for market dominance. Staying ahead of the competition via innovation and differentiation is a constant struggle for manufacturers.
IMPACT OF RUSSIA-UKRAINE WAR
Prices for a variety of goods, including fertilizers, food, and oil and gas, rose as a result of the Russia-Ukraine conflict. Supply chain interruptions have raised freight rates, caused container shortages, and reduced the amount of warehouse space available. The Russia-Ukraine war has had a wide-ranging impact on the global logistics business. When the Russia-Ukraine war began to damage the sector, the impacts of the epidemic on storage capacity and container availability had only recently begun to fade. The conflict slowed the movement of System Types, fueled price hikes and System Type shortages, and caused global food shortages.
IMPACT OF ONGOING RECESSION
While logistics robots can increase System Typeivity and save long-term operational costs, the initial investment might be substantial. Businesses may have financial restrictions during a recession and be less willing to participate in capital-intensive operations. This might hinder the use of logistics robots. Recessions can disrupt global supply chains, limiting the availability of components and materials needed to build logistics robots. As a result, firms in the robotics industry may face delays and supply chain issues. When smaller firms quit or are bought by larger organizations, economic downturns can lead to market consolidation. This has the potential to alter the competitive landscape for logistics robots.
KEY SEGMENTS
By System Type
Cantilever Racking System
Drive-in or Drive-thru Racking System
Selective Racking System
Push Back Racking System
Others
By Industrial Vertical
Retail
Manufacturing
Packaging
Food and Beverages
Pharmaceuticals
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
The rest of Latin America
REGIONAL ANALYSES
Due to the increasing building of warehouses and distribution facilities, North America will hold the largest logistics robot market share in 2020. Investments in smart manufacturing and automated warehouses are also increasing system-type sales. Growth in e-commerce, retail, and healthcare will all play a significant part in the region's revenue growth. Growing demand for these robots in logistics operations to save money and time is propelling the market in the area forward. Companies are turning to logistics robots in response to an increase in warehouse and storage unit incidents. Strict safety requirements and regulations aimed at avoiding hazardous situations involving gases and chemicals will enhance the region's logistics robot market growth.
Because the automotive and industrial sectors provide the most income in the European area, corporations are concentrating their efforts on expanding their operations across borders. Robotics as a Service (RaaS) is a popular business concept that makes it easier for clients to automate with robots. The benefit is that there is no hardware investment required; therefore, businesses do not require fixed capital, fixed costs, or robot operators. The usage of logistic systems in non-manufacturing industries has substantially influenced warehouse solutions for major e-commerce enterprises. Hospitals that manage logistics with the aid of professional service robots have a lot of promise as well. Approximately 90% of logistics robots sampled in the professional service robot market were built in Europe.
Key Players
The major Key players are ABB Ltd, KUKA AG, Toyota Industries Corporation, Fanuc Corporation, Yaskawa Electric Corporation, Kion Group Ag, Toshiba Corporation, Krones AG, Kawasaki Heavy Industries Ltd., Omron Corporation, and others.
RECENT DEVELOPMENT
Fanuc Corporation: In November 2021, Fanuc Corporation introduced the sophisticated LR-10iA/10 robots. These robots are small and ideal for businesses with limited floor space. These robots are designed to load and unload parts from machine equipment. The LR-10/A-10 system assists distribution centers, logistics warehouses, and manufacturers in overcoming labor scarcity challenges while also lowering operational expenses.
Toyota Industries Corporation: In April 2021, T-Hive, a worldwide autonomous vehicle software development organization, was created by Toyota Industries Corporation. T-Hive, the new company, would offer a control system as well as industrial logistics robotics solutions such as automated guided forklifts, automated guided vehicles, and autonomous mobile robots. The new company was formed to address the rising demand for robots among its clients.
| Report Attributes | Details |
| Market Size in 2022 | US$ 17.12 Bn |
| Market Size by 2030 | US$ 59.2 Bn |
| CAGR | CAGR of 16.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By System Type (Cantilever Racking System, Drive-in or Drive-thru Racking System, Selective Racking System, Push Back Racking System, Others) • By Industrial Vertical (Retail, Manufacturing, Packaging, Food and Beverages, Pharmaceuticals, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Airfilter Engineering, Altec, Atlas Copco, Beko Technologies, Boge Kompressoren, Donaldson Company, Ingersoll Rand, Kaeser Kompressoren, Parker-Hannifin, Pentair, Precision Filtration Products, SPX Flow, Sullair, Sullivan-Palatek, Van Air Systems |
| Key Drivers | • Logistics robots boost operational efficiency and cost savings by automating processes, reducing mistakes, and optimizing warehouse management. These advantages motivate adoption, especially in companies with high-volume logistical operations. • Technological advancements in robotics technology, such as enhanced sensors, artificial intelligence, and machine learning, have made logistics robots more powerful, adaptable, and cost-effective, propelling market expansion even further. • Concern for the Environment The logistics business is becoming more concerned with sustainability and lowering carbon emissions. Automation, such as the utilization of electric-powered logistics robots, can help to create more environmentally friendly logistics operations. |
| Market Opportunity | • Global Growth In emerging areas where logistical infrastructure is increasing, the logistics robot industry has substantial development potential. This covers areas that are rapidly urbanizing and experiencing significant trade. •Specialization and customization The ability to customize logistics robots for specific industry demands and Industrial Verticals opens the door to specialized solutions such as medical logistics, food handling, and hazardous material transfer. |
The Logistics Robots Market is expected to grow at a CAGR of 16.8% from 2023 to 2030.
According to our analysis, the Logistics Robots Market is anticipated to reach USD 59.2 billion By 2030.
The increasing use of automated mobile robots in industries such as manufacturing, supply chain, and logistics contributes to market growth.
The leading participants the ABB Ltd, KUKA AG, Toyota Industries Corporation, Fanuc Corporation, Yaskawa Electric Corporation, and Kion Group Ag.
Yes, you may request customization based on your company's needs.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Logistics Robots Market, By System Type
8.1 Cantilever Racking System
8.2 Drive-in or Drive-thru Racking System
8.3 Selective Racking System
8.4 Push Back Racking System
8.5 Others
9. Logistics Robots Market, By Industrial Vertical
9.1 Retail
9.2 Manufacturing
9.3 Packaging
9.4 Food and Beverages
9.5 Pharmaceuticals
9.6 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Logistics Robots Market, by Country
10.2.2North America Logistics Robots Market, By System Type
10.2.3 North AmericaLogistics Robots Market, By Industrial Vertical
10.2.4 USA
10.2.4.1 USALogistics Robots Market, By System Type
10.2.4.2 USALogistics Robots Market, By Industrial Vertical
10.2.5 Canada
10.2.5.1 CanadaLogistics Robots Market, By System Type
10.2.5.2 CanadaLogistics Robots Market, By Industrial Vertical
10.2.6 Mexico
10.2.6.1 MexicoLogistics Robots Market By System Type
10.2.6.2 MexicoLogistics Robots Market By Industrial Vertical
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern EuropeLogistics Robots Market by Country
10.3.1.2 Eastern EuropeLogistics Robots Market By System Type
10.3.1.3 Eastern EuropeLogistics Robots Market By Industrial Vertical
10.3.1.4 Poland
10.3.1.4.1 PolandLogistics Robots Market By System Type
10.3.1.4.2 Poland Logistics Robots Market By Industrial Vertical
10.3.1.5 Romania
10.3.1.5.1 RomaniaLogistics Robots Market By System Type
10.3.1.5.2 RomaniaLogistics Robots Market By Industrial Vertical
10.3.1.6 Hungary
10.3.1.6.1 Hungary Logistics Robots Market By System Type
10.3.1.6.2 Hungary Logistics Robots Market By Industrial Vertical
10.3.1.7 Turkey
10.3.1.7.1 TurkeyLogistics Robots Market By System Type
10.3.1.7.2 TurkeyLogistics Robots Market By Industrial Vertical
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern EuropeLogistics Robots Market By System Type
10.3.1.8.2 Rest of Eastern EuropeLogistics Robots Market By Industrial Vertical
10.3.2 Western Europe
10.3.2.1 Western EuropeLogistics Robots Market by Country
10.3.2.2 Western EuropeLogistics Robots Market By System Type
10.3.2.3 Western EuropeLogistics Robots Market By Industrial Vertical
10.3.2.4 Germany
10.3.2.4.1 GermanyLogistics Robots Market By System Type
10.3.2.4.2 GermanyLogistics Robots Market By Industrial Vertical
10.3.2.5 France
10.3.2.5.1 FranceLogistics Robots Market By System Type
10.3.2.5.2 FranceLogistics Robots Market By Industrial Vertical
10.3.2.6 UK
10.3.2.6.1 UKLogistics Robots Market By System Type
10.3.2.6.2 UKLogistics Robots Market By Industrial Vertical
10.3.2.7 Italy
10.3.2.7.1 ItalyLogistics Robots Market By System Type
10.3.2.7.2 ItalyLogistics Robots Market By Industrial Vertical
10.3.2.8 Spain
10.3.2.8.1 SpainLogistics Robots Market By System Type
10.3.2.8.2 SpainLogistics Robots Market By Industrial Vertical
10.3.2.9 Netherlands
10.3.2.9.1 NetherlandsLogistics Robots Market By System Type
10.3.2.9.2 NetherlandsLogistics Robots Market By Industrial Vertical
10.3.2.10 Switzerland
10.3.2.10.1 SwitzerlandLogistics Robots Market By System Type
10.3.2.10.2 SwitzerlandLogistics Robots Market By Industrial Vertical
10.3.2.11 Austria
10.3.2.11.1 AustriaLogistics Robots Market By System Type
10.3.2.11.2 AustriaLogistics Robots Market By Industrial Vertical
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western EuropeLogistics Robots Market By System Type
10.3.2.12.2 Rest of Western EuropeLogistics Robots Market By Industrial Vertical
10.4 Asia-Pacific
10.4.1 Asia PacificLogistics Robots Market by Country
10.4.2 Asia PacificLogistics Robots Market By System Type
10.4.3 Asia PacificLogistics Robots Market By Industrial Vertical
10.4.4 China
10.4.4.1 ChinaLogistics Robots Market By System Type
10.4.4.2 ChinaLogistics Robots Market By Industrial Vertical
10.4.5 India
10.4.5.1 IndiaLogistics Robots Market By System Type
10.4.5.2 IndiaLogistics Robots Market By Industrial Vertical
10.4.6 Japan
10.4.6.1 JapanLogistics Robots Market By System Type
10.4.6.2 JapanLogistics Robots Market By Industrial Vertical
10.4.7 South Korea
10.4.7.1 South KoreaLogistics Robots Market By System Type
10.4.7.2 South KoreaLogistics Robots Market By Industrial Vertical
10.4.8 Vietnam
10.4.8.1 VietnamLogistics Robots Market By System Type
10.4.8.2 VietnamLogistics Robots Market By Industrial Vertical
10.4.9 Singapore
10.4.9.1 SingaporeLogistics Robots Market By System Type
10.4.9.2 SingaporeLogistics Robots Market By Industrial Vertical
10.4.10 Australia
10.4.10.1 AustraliaLogistics Robots Market By System Type
10.4.10.2 AustraliaLogistics Robots Market By Industrial Vertical
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-PacificLogistics Robots Market By System Type
10.4.11.2 Rest of Asia-PacificLogistics Robots Market By Industrial Vertical
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle EastLogistics Robots Market by Country
10.5.1.2 Middle EastLogistics Robots Market By System Type
10.5.1.3 Middle EastLogistics Robots Market By Industrial Vertical
10.5.1.4 UAE
10.5.1.4.1 UAE Logistics Robots Market By System Type
10.5.1.4.2 UAE Logistics Robots Market By Industrial Vertical
10.5.1.5 Egypt
10.5.1.5.1 Egypt Logistics Robots Market By System Type
10.5.1.5.2 Egypt Logistics Robots Market By Industrial Vertical
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Logistics Robots Market By System Type
10.5.1.6.2 Saudi Arabia Logistics Robots Market By Industrial Vertical
10.5.1.7 Qatar
10.5.1.7.1 QatarLogistics Robots Market By System Type
10.5.1.7.2 QatarLogistics Robots Market By Industrial Vertical
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle EastLogistics Robots Market By System Type
10.5.1.8.2 Rest of Middle EastLogistics Robots Market By Industrial Vertical
10.5.2 Africa
10.5.2.1 AfricaLogistics Robots Market by Country
10.5.2.2 AfricaLogistics Robots Market By System Type
10.5.2.3 AfricaLogistics Robots Market By Industrial Vertical
10.5.2.4 Nigeria
10.5.2.4.1 NigeriaLogistics Robots Market By System Type
10.5.2.4.2 NigeriaLogistics Robots Market By Industrial Vertical
10.5.2.5 South Africa
10.5.2.5.1 South AfricaLogistics Robots Market By System Type
10.5.2.5.2 South AfricaLogistics Robots Market By Industrial Vertical
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of AfricaLogistics Robots Market By System Type
10.5.2.6.2 Rest of AfricaLogistics Robots Market By Industrial Vertical
10.6 Latin America
10.6.1 Latin AmericaLogistics Robots Market by Country
10.6.2 Latin AmericaLogistics Robots Market By System Type
10.6.3 Latin AmericaLogistics Robots Market By Industrial Vertical
10.6.4 Brazil
10.6.4.1 BrazilLogistics Robots Market By System Type
10.6.4.2 BrazilLogistics Robots Market By Industrial Vertical
10.6.5 Argentina
10.6.5.1 ArgentinaLogistics Robots Market By System Type
10.6.5.2 ArgentinaLogistics Robots Market By Industrial Vertical
10.6.6 Colombia
10.6.6.1 ColombiaLogistics Robots Market By System Type
10.6.6.2 ColombiaLogistics Robots Market By Industrial Vertical
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin AmericaLogistics Robots Market By System Type
10.6.7.2 Rest of Latin AmericaLogistics Robots Market By Industrial Vertical
11 Company Profile
11.1 ABB Ltd
11.1.1 Company Overview
11.1.2 Financials
11.1.3 System Type/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 KUKA AG
11.2.1 Company Overview
11.2.2 Financials
11.2.3 System Type/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Toyota Industries Corporation
11.3.1 Company Overview
11.3.2 Financials
11.3.3 System Type/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Fanuc Corporation
11.4.1 Company Overview
11.4.2 Financials
11.4.3 System Type/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Yaskawa Electric Corporation
11.5.1 Company Overview
11.5.2 Financials
11.5.3 System Type/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Kion Group Ag
11.6.1 Company Overview
11.6.2 Financials
11.6.3 System Type/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Toshiba Corporation
11.7.1 Company Overview
11.7.2 Financials
11.7.3 System Type/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Krones AG
11.8.1 Company Overview
11.8.2 Financials
11.8.3 System Type/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Kawasaki Heavy Industries Ltd.
11.9.1 Company Overview
11.9.2 Financials
11.9.3 System Type/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Omron Corporation
11.10.1 Company Overview
11.10.2 Financials
11.10.3 System Type/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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