The global logistics robots market is expected to reach USD 18.58 Billion by 2026, according to a new report by Reports and Data. Logistics robots are used to automate the process of storage and movement of goods as they pass through the supply chain. Logistics robots are often used in warehouses and storage facilities to organize and transport products, but they may be deployed in applications as well. Logistics robots provide much higher levels of uptime over manual labor, resulting in significant productivity gains and profitability for enterprises deploying logistics robots. In March 2018, Waymo, a self-driving technology development firm, launched a pilot program emphasizing on self-driving trucks and automated logistics.
Increasing emphasis on end-to-end automation for operational efficiency and issues pertaining to labor availability is estimated to stimulate market demand. Increasing necessity for more workers to handle logistics operations is driving the growth of e-commerce industries and the requirement for more package shipments. Also, a reduction in the size of the available workforce owing to shrinking population levels in the western countries is directly affecting the need for logistics workforce as online retail normally needs more workers per item sold as compared to traditional brick-and-mortar retail. Moreover, the increase in the average weight of such shipments as consumers are ordering large items like white goods, building supplies, and furniture, among other products, is necessitating the demand for robots. In Alibaba warehouses, robots perform 70% of the work, and in Ocado’s facilities in the UK, robots can be observed navigating a futuristic giant chessboard grid, storing and retrieving grocery items.
Industry 4.0 has started to appear as a major driving factor shaping the future of the worldwide supply chain and is expected to drive the market for logistics robots. Use of technologies such as advanced robotics and AI; sophisticated sensors; big data analytics; high powered mobile devices; and algorithms to direct motor vehicles (navigation tools, autonomous vehicles, and last-mile delivery services), among others are permitting advanced interoperability across enterprises, countries, collaborators, and competitors. The emergence of industry 4.0 utilizes interconnectivity of machines and its processing. It also enables autonomous production methods powered by the Internet of Things (IoT).
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Some of the players profiled in the report are ASIC Robotics AG, Clearpath Robotics Inc., Fetch Robotics Ink, Omron Adept Technologies Inc., Savioke, BA Robotic Systems Group, KION Group, Midea, Bastian Solutions Inc., and Amazon Robotics, among others.
The Global Logistics Robots Market is segmented as follows:
Type Cause Outlook (Revenue, USD Million; 2018-2026)
- Automated Storage & Retrieval Systems (AS/RS)
- Automated Guided Vehicles (AGVs)
- Autonomous Mobile Robots (AMRs)
- Articulated Robotic Arms
- Good-to-Person Technology (G2P)
Operation Area Outlook (Revenue, USD Million; 2018-2026)
Application Outlook (Revenue, USD Million; 2018-2026)
- Custom Packaging
- Loading & Unloading
- Piece Picking
End-Users Outlook (Revenue, USD Million; 2018-2026)
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Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
- Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
- What is the forecast valuation of the Logistics Robots market?
- Who are the leading players in the industry? What are the weaknesses and strengths of these players?
- What are the strategic business steps and initiatives taken by the key competitors in the industry?
- What region is expected to dominate the market in the forecast period?
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