Rockville, March 23, 2023 (GLOBE NEWSWIRE) -- The global logistics robot market is estimated to exceed US$ 7,115.6 Million by the end of 2023, by growing at an impressive CAGR of 12.3% over the assessment period of 2023-2033.
Robotic logistics is a developing idea that has become very popular in recent years. Many companies have invested in retrieval systems and automated storage (RS/AS) to automate movements and processes in the facility due to the growing complexity of the warehouse industry and the necessity for agile and efficient operations.
The surge in the use of logistics robots occurs as a reaction to the need to lower costs and streamline procedures to increase competitiveness. Logistics robots, as supposed to be conventional equipment, guarantee maximum throughput, work 24/7 if it is necessary, as well as ensure the security of the products, all other components, and workers in the warehouse.
Download Free Sample Copy of This Report –
https://www.factmr.com/connectus/sample?flag=S&rep_id=8277
The industry is changing as a result of new technologies, and new technologies are being inspired by how the last mile delivery is changing, venture capital investments in supply chain management and logistics start-ups have significantly increased.
Key Takeaways from Study
- Global logistics robots market is poised to expand and reach the valuation of US$ 22,699.1 Million by the end of 2033.
- The global logistics robots market witnessed a healthy CAGR of 8.9% during 2018 to 2022.
- By end use industry segment, Retail & E-commerce is likely to account for 22.5% of revenue share by obtaining a valuation of US$ 1,601.0 Million in 2023.
- South Asia & Oceania region is expected to register a CAGR of 14.5% over the forecast period, as it will be valued at US$ 1,010.4 Million by 2023 end.
- Under payload segment, logistics robots having 200 - 500 kg payload are estimated to account for approximately a 28.4% share of aftermarket sub-segment in 2023.
- China in East Asia region provides more revenue generation opportunities and is expected to capture a market share of 68.3% in 2023.
Market Development
Various researches are now being conducted on the modification of logistics robots for its utilization in space. Such R & D investments and progressions in logistics robots will take the market to new heights.
Due to the constant movement of people and objects, AMRs can avoid obstacles and even work with people, unlike the traditional AGV. This is important to allow manufacturers to adapt to changing conditions as the AMR can adapt to new layouts and patterns.
The implementation of artificial intelligence and automation, and others are some of the technologies being investigated in order to improve and upgrade logistics robots. In order to improve the delivery process, a lot of money is also spent on route optimization software and other affordable alternatives.
Get Customization on this Report for Specific Research Solutions –
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8277
Competitive Landscape
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.
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
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
Quick Buy (Special Offer Save 20% Now): Logistics Robot Market –
https://www.factmr.com/checkout/8277
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global logistics robot market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033. the study divulges essential insights on the market on the basis of robot type (autonomous mobile robots, automated guided vehicles, robot arms, others), axes (4 axis and less, 5 axis, 6 axis and above), payload (up to 200 kg, 200 - 500 kg, 500 - 800 kg, more than 800 kg), application (packaging, palletizing, material handling, pick and place, inspection, others), end use industry (aerospace and defense, automotive, chemicals & materials, electrical & electronics, food and beverage, healthcare, mining & oil & gas, retail & e-commerce, warehousing, packaging, others) and across six major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania, The Middle East & Africa).
Key Questions Covered in the Logistics Robot Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Logistics Robot sales grow until 2033?
- Which are the factors hampering the Logistics Robot demand?
- Which region will spearhead the growth in the global industry during 2023-2033?
- Which are the factors driving sales in the Logistics Robot Market during the forecast period?
Check out more related studies published by Fact.MR Research:
All Terrain Robot Market Share: The global all terrain robot market share is expected to reach a valuation of US$ 761 million in 2023 and is expected to progress at a CAGR of 14.2% to reach US$ 2,871.1 million by the end of 2033. In 2023, the global robot market is estimated to be valued around US$ 38.6 billion.
Exoskeleton Robots Market Size: The global exoskeleton robots market size is forecasted to skyrocket at an impressive CAGR of 23.7%, rising from its current market valuation of US$ 950 million to US$ 8 billion by the end of 2032. An exoskeleton robot, also known as a powered suit, powered armor, cybernetic armor, or cybernetic suit, is a type of wearable electromechanical equipment designed to coordinate with the user's intentional motions.
Semiconductor Robot Market Sales: The global semiconductor robot market sales is estimated to project a valuation of US$ 1.1 billion in 2023 and is further to expand at a CAGR of 17.5% to reach a valuation of US$ 5.6 billion by the end of the forecast period. Semiconductors are one of the most essential components in the manufacturing of various types of electronic devices.
Consumer and Office Robot Market Demand: The consumer and office robot market demand is in growing stage and will sustain the same in the coming decade. Consumer and office robot have witnessed consistent evolution in the recent years, enabling to use in various applications including home cleaning, dining service, education & toy, shopping mall, etc.
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Connect to Author: Mr. Shubham Patidar
Email : shubham@factmr.com
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube
