According to a recent report by Reports and Data, the global logistics robots market size was USD 7.38 billion in 2021, and it is expected to grow at a compound annual growth rate (CAGR) of 21.3% over the forecast period. The surge in the e-commerce industry is expected to be the primary driver of revenue growth. The growth of e-commerce is attributable to increased internet use and a preference for online shopping. To gain an advantage over brick-and-mortar retailers, e-commerce firms are focusing on fast delivery and better packaging. As a result, logistics automation is increasingly necessary for e-commerce to achieve flexibility, faster returns processing, and a higher number of Stock-Keeping Units (SKUs).
Robots are particularly beneficial in logistics due to their ability to work efficiently with people. Industrial robots work alongside humans in automated warehouses to complete labor-intensive and repetitive tasks, freeing up workers to focus on higher-value tasks. The demand for contactless delivery has also increased due to the growth of e-commerce.
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Some Key Highlights from the Report:
- The global logistics robots market consists of categories such as automated storage and retrieval systems (AS/RS), automated guided vehicles (AGVs), autonomous mobile robots (ARMs), articulated robotic arms, and others. In 2021, the AS/RS segment had the largest revenue share, including stacker cranes renowned for their capacity and agility when storing and retrieving goods from racks for both boxes (miniload) and pallets.
- According to regional analysis, the North American market is expected to have the highest revenue share in 2021. The market’s revenue growth is expected to be propelled by various manufacturers’ increasing R&D efforts to create cutting-edge and novel logistic robots. During the projected period, the Asia Pacific market is anticipated to have the fastest revenue growth rate. India, China, Japan, and other developing nations in the region are increasingly taking the initiative to develop new items, which is anticipated to drive market revenue growth.
- On October 14, 2021, Geek+, a leading AMR company worldwide, unveiled the RoboShuttle RS8-DA, an 8-meter high flexible arm robot. This new robot has the largest capacity in the industry and enables customers to maximize their warehouse usage. The RoboShuttle offers a high-density and safe logistics solution in response to the growth of e-commerce and the need for systems that can intelligently manage limited warehouse space. It is compatible with racks up to 8 meters high, bags, cartons, or boxes of various widths, and can increase area efficiency by five times.
- Companies profiled in the market report include Asic Robotics AG, Clearpath Robotics Inc., Fetch Robotics Inc, Omron Robotics and Safety Technologies, Inc, Relay Robotics, Inc, Alstef Group, KION GROUP AG, Midea, Bastian Solutions LLC., and Amazon.com, Inc.
Market Segmentation:
The global market for logistics robots can be segmented by type outlook, operation area outlook, application outlook, end-use outlook, and regional outlook. According to revenue in USD billion from 2019 to 2030, the types of logistics robots include Automated Storage & Retrieval Systems (AS/RS), Automated Guided Vehicles, Autonomous Mobile Robots, Articulated Robotic Arms, and Others. In 2019-2020, the AS/RS segment had the highest revenue share and is expected to continue to dominate the market during the forecast period. This category is known for its capacity and agility in storing and retrieving goods from racks for both boxes and pallets.
Logistics robots can operate in both indoor and outdoor areas. The revenue generated from indoor and outdoor operation areas is expected to grow significantly during the forecast period. The indoor operation area is projected to have the largest revenue share from 2019 to 2030 due to the increasing adoption of robots in warehouses and distribution centers.
Logistics robots have various applications, including custom packaging, loading and unloading, piece picking, delivery, and others. During the forecast period, the revenue generated from piece picking is expected to have the highest CAGR. In recent years, logistics automation has become necessary for e-commerce due to the requirement for flexibility, increased Stock-Keeping Units (SKUs), and quick returns processing. The deployment of robots in logistics is particularly advantageous because of the tremendous boost in productivity that comes from their symbiotic interaction with people.
The market for logistics robots is segmented by end-use outlook, which includes healthcare, retail, agriculture, manufacturing, and others. The manufacturing industry is expected to have the highest revenue share from 2019 to 2030. The demand for logistics robots in the manufacturing industry has grown significantly due to the increasing need for automation and the requirement for efficient and flexible material handling.
Geographically, the market for logistics robots is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to have the highest revenue share in 2021, according to regional analysis. Asia-Pacific is anticipated to see the fastest rate of revenue growth during the projected period, with India, China, and other developing nations in the region, as well as Japan, increasingly taking the initiative to develop new items, which is expected to fuel market revenue growth.
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