Global Logistics Robots Market Size, Share, Growth Analysis, By Type(Automated Guided Vehicles, Autonomous Mobile Robots), By Application(Palletizing & De-palletizing, Pick & Place), By Industry(E-commerce, Healthcare) - Industry Forecast 2023-2030

Logistics Robots Market size was valued at USD 6.17 billion in 2021 and is poised to grow from USD 7.2 billion in 2022 to USD 28.91 billion by 2030, growing at a CAGR of 16.7% in the forecast period (2023-2030).

The processes of storing and transferring goods along the supply chain are automated by logistics robots. Because they offer higher levels of uptime than manual labour, these robots are widely used in warehouses and storage facilities. Additionally, it results in the greatest productivity gains and end user profitability. The use of warehouses equipped with self-driving technology is growing in popularity. It highlights the value of timely delivery across all logistical infrastructures. Additionally, a significant factor in the development of logistics robotics is the rising need for complex supply chain operations and E-commerce fulfilment services. Currently, there is a potential that the need for logistics robots will expand globally due to the use of AI, machine learning, and warehouse management software solutions. Additionally, labor-intensive warehouse operations are pressuring retailers and building owners to adopt automated logistic solutions. As a result, the use of logistics robots is increasing. Robots for logistics.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Logistics Robots Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The Global Logistics Robots Market is segmented on the basis of Type, Application, Industry, And Region. Based on Type, the Logistics Robots Market is segmented into Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms, and Others. Based on Application, the Logistics Robots Market is segmented into Palletizing & De-palletizing, Pick & Place, Transportation, and Others. Based on Industry, the market is segmented into E-commerce, Healthcare, Retail, Food & Beverage, Automotive, and Others. Based on Region, the Logistics Robots Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

An important factor in the expanding use of logistics robots is order fulfilment in the e-commerce industry. Due to a growth in the number of online clients, businesses are being pushed to use robotic solutions to automate repetitive tasks in order to keep up with delivery schedules. A real-time perspective of activities is additionally made possible by the effective integration of digital automation networks. Manufacturers, transportation companies, and other enterprises can therefore easily evaluate the state of operations. Due of their primary concern with timely client satisfaction, the e-commerce industry needs this function to be effective. The market is growing as a result of this.

Restraint

Mobile logistics robots' acceptance among end users is constrained by their expensive initial installation costs and integration requirements. Because high-quality hardware is combined with an efficient software control system, the initial investment and ongoing maintenance expenses of implementing robotics systems are significant. Additionally, small and medium-sized businesses cannot afford to engage in robotic solutions; as a result, they hire workers to carry out repetitive tasks in warehouses and distribution centres. Further restricting the growth of the logistics robots market is this.

Market Trends

Self-driving warehouses are becoming an increasingly popular idea. The majority of the operational workflow, including duties like scanning, pick and place, transportation, and other things, is managed by robots. The business is anticipated to grow quickly in the next years as a result of the expansion in the number of autonomous warehouses. Additionally, the business is expected to grow even more due to the increased investment of logistic service providers. For instance, XPO Logistics, a U.S.-based logistics service provider, committed USD 550 million in 2019 to implementing market-leading technologies across its operations in North America and Europe. Additionally, the expansion of the E-commerce industry and the rising demand for real-time inventories are two key drivers propelling the growth of the global Logistics Robots Market.

In the upcoming years, it is anticipated that warehouse security robots will become more popular because security is a constant concern with the significant investment in the transit of goods through the world's warehouses. In order to free up people for more complex jobs like remote robotic vehicle control and monitoring, warehouse security robots are designed to automate the risky and laborious perimeter security tasks. Warehouses can accommodate rising SKU counts and higher volumes thanks to their expanded size.