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Logistics Robot Market

Logistics Robot Market Analysis, By Robot Type (Autonomous Mobile Robots, Robot Arms, Others),By Application (Packaging, Palletizing, Inspection, others), By End-Use Industry (Aerospace and Defense, Automotive, Chemicals & Materials, Others), By Axes, Payload and Region - Global Market Insights 2023 to 2033

Analysis of Logistics Robot Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Logistics Robot Market Growth Outlook (2023-2033)

The logistics robot market is estimated to reach valuation of US$ 7,115.6 Million in 2023 and will top US$ 22,699.1 Million by 2033, growing with a CAGR of around 12.3% from 2023-2033.

In 2023, the global robot market is estimated to be valued around US$ 38,654 million. Logistics robot is a vital part of the total robot market. In terms of value, sales of logistics robots accounted for nearly 18.4% share of the global robot market at the end of 2022.

Report Attributes

Details

Logistics Robot Market Size (2022A)

US$ 6,240.4 Million

Estimated Market Value (2023E)

US$ 7,115.6 Million

Forecast Market Value (2033F)

US$ 22,699.1 Million

Global Market Growth Rate (2023-2033)

12.3% CAGR

North America Market Share (2023)

21.2%

North America Market Value (2023)

US$ 1,508.5 million

Europe Market Share (2023)

25.2%

Europe Market Value (2023)

US$ 1,793.1 million

China Market Share (2023)

21.2%

China Market Value (2023)

US$ 1,510.6 million

Market Share of Top 3 Countries

46.5%

Key Companies Profiled

  • ABB
  • Agility Robotics
  • AIBAYES
  • COMAU
  • Dexterity, Inc
  • FANUC America Corporation
  • GreyOrange
  • Locus Robotics.
  • Omron Corporation
  • Seegrid Corporation
  • Stäubli International AG.
  • Swisslog Holding AG
  • Universal Robots
  • XYZ Robotics Inc.
  • Yaskawa America, Inc

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Sales Analysis of Logistics Robot (2018-2022) Vs. Market Outlook (2023-2033)

Logistics robots are robots that automate the process of transporting and storing goods as they move through the supply chain. Commonly used to transport and organize products in warehouses and storage facilities, the basic processes in intralogistics, logistics robots are now gaining momentum.

Robots in the logistics industry can also help improve the safety of warehouse workers. For example, moving goods from high-rise racks and storage areas can pose risks that companies in the logistics industry must prepare for. Using improper lifting techniques can also pose risks. Robots can perform these tasks efficiently, safely, and more conveniently than humans, making workers' jobs easier and also reducing other costs.

The growth of e-commerce and the evolution of distribution models have made automation an important factor to consider in the logistics industry, especially in warehousing activities. Owing to the tremendous growth of the logistics, retail, and e-commerce sectors, etc. the market for logistics robots is poised to reach heights.

  • Short Term (2023 Q1 to 2026): Utilization of different sensors and cameras for the improvement in the surveillance purposes that will provide a clear idea of route will lead to the market growth.
  • Medium Term (2026- 2029): The growing research and development in the field of robotics and also the rapidly growing e-commerce sector to provide a platform for the usage of logistics robot.
  • Long Term (2029- 2033): Additional use of IoT in logistics robots can show progress and improve their effectiveness by using artificial intelligence (A.I.).

From 2018 to 2022, the global market for logistics robot registered a CAGR of 8.9%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 12.3% CAGR between 2023 and 2033.

Logistics Robot Market Size, Share, Demand and Forecast by Fact.MR

Market share analysis of logistics robot based on region and payload is provided in the above image. Under the payload segment, up to 200 kg sub-segment dominates with 38.1% market share in 2023.

Logistics Robot Market

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What’s Driving High Demand for Logistics Robot across Regions?

“The trending usage of robots for last-mile deliveries will boost revenue opportunities for logistics robots”

Recently, last-mile delivery of parcels, in particular, has received a lot of attention from the media and investors. The cost of global parcel delivery, excluding pick-up, sorting, and loading, is around €70 billion, with Germany, China, and the United States accounting for more than 40% of this market in 2020.

Undoubtedly, the biggest driver of last-mile delivery growth has been e-commerce, shifting market share from B2B to B2C. Large e-commerce players and various start-ups recognize last-mile services as key differentiators. In fact, the variety of shipping options and the quality of shipping services are important decision-making criteria for online customers and directly affect the success of e-commerce players in the market.

Last-mile delivery is critical to improve the operational scalability of the business. This is especially important during holidays and weekends when orders are concentrated. Operational scalability can be well managed through the proliferation of technology tools, delivery drivers, self-driving vehicles, and overall efficient resource allocation. Such effective usage of logistics robots tends the propel market growth.

“The rise in demand for quick and accurate response to critical task in logistics will push the sales of logistics robots”

Warehouses have proven to be potential segment for automation as they are accustomed to multiple tasks that are specific, repeatable, and measurable. Technologies such as artificial intelligence (A.I) and robotics are already working together to bring efficiency, speed, and resilience to inventory management.

The rise of e-commerce is putting additional pressure on the already stretched chain of supply, requiring tasks to be completed on a larger scale and at a faster pace. Today's intelligent robots are well suited for the complex demands of omnichannel supply chains.

For example, autonomous mobile robots (AMRs) use built-in sensors and laser scanners to pick up, navigate, and deliver goods to workers, allowing them to move anywhere in the warehouse, and providing more agile navigation capabilities.

Robotics is working as a key element of a smart warehouse, but there are other platforms and technologies along with robotics. All of these work together to create the best possible flow of goods from storage to shipment. To achieve this, all systems and components must integrate with and complement the various warehousing programs, platforms, and other features.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What Do Logistics Robot Manufacturers Need to Watch Out?

Risks associated with constantly upgrading technology can limit market growth.

Threats pertaining to technology up-gradation are major insecurity in the global logistics robot market, as with rapid innovations and development of robotic technology intensity of this risk factor continues. The cost-effective benefits offered by the usage of can also be lowered with the advancement in technology.

New ranges of robotic devices or tools or products entering the market are simplifying physical labor to the fullest. The requirement for diversified robots in every industry is rising. Such quick adoption of new technologies and fulfillment of the end users' requirements is a constant struggle for the players. These factors can affect the growth of the market.

Country Wise Analysis

How U.S. Logistics Robot Market will grow?

The food industry is one of the key industries that rely heavily on efficient supply chains and logistic processes because they deal with perishable goods. Today, ingredients for the food industry are mostly sourced from different parts of the world. Efficient supply chains and logistics facilities that can deliver materials in a timely manner are therefore essential.

Food quality is highly dependent on manufacturers and producers, but supply chain and logistics also play an inevitable role. Perishable food materials should be stored at specific temperatures and protected from other extreme conditions to avoid compromising product quality. The highly sensitive food industry needs constant assurance that quality is not compromised at any point.

The U.S. packaged food industry has an elevating demand and it is poised to rise in the near future. The packaged food industry in the country was approximately valued at US$ 1.0 trillion in 2021. The food and beverage industry of the U.S. is considered the 3rd largest contributor that contributes to the total U.S. manufacturing GDP. The rising of the food and beverage industry in the country will further lead to extensive usage of logistics robots, establishing a market share of 18.5% in 2023.

How Market for Logistics Robot is Estimated to Rise in Germany?

Germany is considered Europe's logistics powerhouse, with an approximate annual turnover of € 3.8 trillion in the past 2 years, more than France and the United Kingdom, Europe's second & third largest logistics markets.

Europe's number one economy and the fourth largest country in the world produces goods and services worth trillion euros each year. Germany's central location in Europe makes it an ideal location for a European logistics hub or distribution center. With more than 82 million Germans, 150 million consumers in nine neighboring countries, and around 500 million Europe citizens, Germany has direct links to the Eastern and Western European markets.

With the first Automatica, a leading trade fair regarding smart robotics and automation in Munich, demand for robots in Germany is booming, and Germany remains a major buyer with an operating inventory of about 221,500 units of robots in the country, according to a survey. Considering the tremendous growth of robots in Germany, the logistics robot market in this country will be valued at US$ 555.4 million in 2023.

Category wise Insights

How Retail & E-Commerce Industry Sector Will Contribute to Market Growth?

Robots are making their way into retail, from 6-foot-tall free-wheeling machines that detect spills in grocery stores to automated shelf scanners that check inventory at Walmart. The real advantage of robots is the ability to collect more detailed data about the products on the shelves and the buying behavior of customers. This improves the efficiency and accuracy of inventory management.

The key is the utilization of robots to collect data within the Internet of Things (IoT). IoT is a complex network of connected objects, devices, and sensors that gather rich data to be analyzed in the edge or cloud computing using nearby servers to reduce latency. From manufacturing to transportation to retail, IoT creates an intelligent digital ecosystem.

Advances combining AI with machine learning and robotics are transforming e-commerce both in customer-facing interfaces and across the supply chain. For years, the end-users have benefited from AI-enhanced customer experiences on e-commerce websites with personalized shopping and relevant suggestions for additional items. As the retail and e-commerce industry is poised to grow tremendously in the coming years, the logistics robots due to this market will capture a revenue share of 22.5% in 2023.

Which Type of Robot Will Lead to Rise in Market for Logistics Robot?

AGVs and AMRs are essential for automation in many different industries. The e-commerce boom has led industries such as warehouses, logistics, and other production centers to implement AGVs and AMRs to meet the increasing demand. In the healthcare and manufacturing sectors, companies are looking to automate critical workflows such as receiving and delivering hospital supplies.

The AGV can mainly only follow fixed routes along QR codes or magnetic tapes on the floor. This makes it difficult to change the initial settings, and act on changing directions on its own. The Automated Guided Vehicles (AGVs) are expected to be valued at US$ 2,287.0 million in 2023.

On the other way round, AMR does not require physical infrastructures such as wires, markers, laser targets, or magnetic strips. Using SLAM technology to create an accurate map of its surroundings, the AMR navigates itself to reach its destination.

Recent developments in artificial intelligence (AI) technologies such as machine vision, combined with logistics hubs on major trade routes, create favorable conditions for driverless transportation systems to transform material handling and other aspects of the logistics industry.

London startup Intelligent Robots utilizes AI to develop AMR for intralogistics. The company's solution, Rpuck, aids to automate conveyor system and is also easy to implement, requiring only a docking station infrastructure change. Easily expandable by setting up additional trolleys and docks instead of adding new robots.

Competitive Landscape

Fact.MR profiled the following top companies in logistics robot market in its report. Those companies are ABB, Agility Robotics, AIBAYES, COMAU, Dexterity, Inc, FANUC America Corporation, GreyOrange, Locus Robotics., Omron Corporation, Seegrid Corporation, Stäubli International AG., Swisslog Holding AG, Universal Robots, XYZ Robotics Inc. , Yaskawa America, Inc

The increasing preference of customers/consumers for the digital medium has led to maintaining a strong digital presence of the manufacturers. However, even the digital landscape is witnessing fierce competition, as a result of which, the high-tech and personalized visualization of robots is witnessing adoption.

Manufacturers of logistics robots are developing constructive collaboration with end users in order to streamline the supply chain. Mass production and quick delivery timelines are closing the demand supply gap as the penetration is increasing across verticals.

  • In February 2021, ABB introduced new collaborative robots. GoFa cobot and SWIFTI offer higher payloads and faster speed than other robots, and hence they can be used for robust logistics purposes.

Fact.MR has provided detailed information about the price points of key manufacturers of logistics robot positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Logistics Robot Industry Research

  • By Robot Type :

    • Autonomous Mobile Robots
    • Automated Guided Vehicles
    • Robot Arms
    • Others
  • By Axes :

    • 4 Axis or less
    • 5 axis
    • 6 axis or more
  • By Payload :

    • Up to 200 kg
    • 200 - 500 kg
    • 500 - 800 kg
    • More than 800 kg
  • By Application :

    • Packaging
    • Palletizing
    • Material handling
    • Pick and Place
    • Inspection
    • Others
  • By End Use Industry :

    • Aerospace and Defense
    • Automotive
    • Chemicals & Materials
    • Electrical & Electronics
    • Food and Beverage
    • Healthcare
    • Mining & Oil & Gas
    • Retail & e-Commerce
    • Warehousing
    • Packaging
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia and Oceania
    • Middle East & Africa

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Logistics Robot Market

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The market is likely to reach a valuation of US$ 22,699.1 Million by the end of forecast period.

The 200 - 500 kg payload sub-segment is likely to reach a valuation of around US$ 2,018.0 Million in 2023.

Europe region holds the second highest market share of around 25.2% in 2023 by valuing at US$ 1,793.1 million and presumed to increase in same growth curve by the end of 2033.

Canada and France are expected to be valued at US$ 190.7 million and US$ 134.5 million respectively in 2023.

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