According to the latest report by IMARC Group, titled, “Logistics Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global logistics robots market size reached US$ 15.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 58.6 Billion by 2028, exhibiting a growth rate (CAGR) of 22.6% during 2023-2028.
Logistics robots are automated machines used in warehouses and storage facilities to automate transferring of goods, preparing orders, and shifting products to racks. They are equipped with wheels, sensors, and cameras and incorporate artificial intelligence (AI) and machine learning (ML) algorithms. They help simplify operations and reduce the probability of human errors. These robots are employed for different functions, including pick and place, loading and unloading, packaging and co-packaging, and shipment and delivery for enhanced productivity.
Logistics Robots Market Trends:
At present, the flourishing e-commerce industry and the increasing number of warehousing companies represent one of the key factors catalyzing the need for smart logistics solutions that resolve inventory and delivery operations. In line with this, the rising penetration of high-speed internet and the increasing prevalence of online shopping is contributing to the growth of the market. Moreover, the growing adoption of logistic robots in various industry verticals, including healthcare, automotive, food and beverage (F&B), and retail, for increasing the quality and efficiency of various in-house operations is creating a favorable market outlook. Other factors, such as increasing focus on timely delivery, improving packaging quality, and achieving end-to-end automation in the warehouse to reduce supply chain concerns, are propelling the market growth worldwide.
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Logistics Robots Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Affirmed Networks Inc. (Microsoft Corporation)
- Amdocs
- Argela Technologies (Türk Telekomünikasyon A.?.)
- Aria Networks Ltd.
- BT Group plc
- Cisco Systems Inc.
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- Mavenir
- NEC Corporation (AT&T Inc.)
- Nokia Corporation
- Samsung Electronics Co. Ltd
- Telefonaktiebolaget LM Ericsson and ZTE Corporation.
The report has segmented the market on the basis on component, end user and industry vertical.
Breakup by Component:
- Hardware
- Software
Breakup by Robot Type:
- Autonomous Mobile Robots
- Automated Guided Vehicles
- Robotic Arms
- Others
Breakup by Function:
- Pick and Place
- Loading and Unloading
- Packing and Co-Packing
- Shipment and Delivery
- Others
Breakup by Operation Area:
- Factory Logistics Robots
- Warehouse Logistics Robots
- Outdoor Logistics Robots
- Others
Breakup by End Use Industry:
- E-Commerce
- Healthcare
- Retail
- Food and Beverages
- Automotive
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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