The global logistics robots market size was USD 5,512.6 Million in 2020, which is expected to reach USD 14.93 Billion in 2027 and register a steady 15.3% CAGR over the forecast period, according to latest analysis by Emergen Research. The report provides detailed insights into Logistics Robots market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Logistics Robots market size over the forecast period, 2020–2028. The report includes profiles of major Logistics Robots players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Logistics Robots market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies. The steady growth of the logistics robots market can be attributed to growing emphasis on warehouse automation as warehouse automation offers several advantages, including space savings, enhanced productivity, efficient flow of materials, lesser workforce requirement, lower operational expenditure, reductions in inventory level, improved return on investment, and safer operations.
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Global Logistics Robots market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Logistics Robots market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Logistics Robots market. Technological advancements in robotics and automation solutions have been resulting in significant changes across a range of industries and sectors. Companies in the field are constantly researching and developing new and more efficient and advanced solutions for various applications and industries. For instance, 2XL, which is a Belgium-based logistics firm, deploys automated guided vehicles to enhance warehouse efficiency, especially to reduce time spent by workforce in moving from one point in a warehouse to another, and allocating workers to perform more urgent tasks. In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Logistics Robots market share contribution of these countries. In addition, Logistics Robots market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Logistics Robots Market include are:
Clearpath Robotics Inc., Omron Corporation, Alstef Group, Midea Group, ABB Ltd., Toshiba Corporation, Kion Group AG, Teradyne Inc., Kawasaki Heavy Industries Ltd., and Toyota Industries Corporation.
Emergen Research has segmented the global logistics robots market in terms of robot type, application, industry verticals, and region:
- Robot Type Outlook (Revenue, USD Million; 2017–2027)
- Automated Guided Vehicles
- Robot Arms
- Autonomous Mobile Robots
- Application Outlook (Revenue, USD Million; 2017–2027)
- Palletizing De-palletizing
- Pick Place
- Industry Verticals Outlook (Revenue, USD Million; 2017–2027)
- E-commerce Retail
- Food Beverage
- Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- Rest of Middle East Africa
- North America
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In terms of Logistics Robots market share and revenue contribution to the global Logistics Robots market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Logistics Robots market share.
The market intelligence report on the Logistics Robots Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Region wise performance of the Logistics Robots industry
North America Logistics Robots market revenue growth was relatively higher than that of other regional markets in 2020. North America Logistics Robots market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.
Asia Pacific Logistics Robots market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Logistics Robots market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Logistics Robots market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.
Europe Logistics Robots market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/534
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Logistics Robots industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Logistics Robots market across different regions?
- Who are the major driving forces expected to decide the fate of the Logistics Robots industry worldwide?
- Who are the prominent market players making a mark in the Logistics Robots market with their winning strategies?
- Which Logistics Robots industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Logistics Robots market?
Table of Content
Chapter 1. Methodology Sources
1.1. Logistics Robots Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Logistics Robots Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Logistics Robots Market Segmentation Impact Analysis
4.1. Logistics Robots Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Logistics Robots Market indicators analysis
4.2.2. Logistics Robots Market drivers analysis
220.127.116.11. Rapid urbanization and industrialization
18.104.22.168. Stringent government regulations regarding carbon emissions
22.214.171.124. Increasing prevalence of respiratory diseases
126.96.36.199. Rising need to enhance indoor air quality
4.2.3. Logistics Robots Market restraints analysis
188.8.131.52. High cost associated with the maintenance of Logistics Robots products
184.108.40.206. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Logistics Robots Market Revenue Share By Manufacturers
10.2. Mergers Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East Africa
10.5.2.5. Latin America
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