Logistics Robots Market size was over USD 26.7 Billion in 2023 and is set to cross USD 106.9 Billion by the end of 2036, witnessing more than 20% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of logistics robots is assessed at USD 36.1 Billion.
It is believed that rising e-commerce sales are driving this market expansion. The surge in online orders has leveled off; therefore, ecommerce companies operating locally and internationally have embraced cutting-edge technologies such as logistics robots to develop an effective logistics and supply chain.
According to the International Trade Administration, over the past ten years, worldwide B2B e-commerce sales have been consistently increasing year over year, with the market expected to reach USD 36 trillion by 2026.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
20% |
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Base Year Market Size (2023) |
USD 26.7 Billion |
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Forecast Year Market Size (2036) |
USD 106.9 Billion |
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Regional Scope |
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Type (Automated Storage and Retrieval Systems (AS/RS), Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), Articulated Robotic Arms, Good-to-Person Technology (G2P))
Automated Guided Vehicles (AGVs) segment is projected to hold logistics robots market share of more than 38% by 2036. The segment growth can be accredited to the increasing number of warehouses across the globe. In 2020, the total number of warehouses worldwide was estimated to be over 150,000.
Automated Guided Vehicles (AGVs) are fully automated transport systems that are sometimes used to oversee warehouse operations for repetitive, large-volume material movement jobs that are normally performed by forklifts, and conveyor systems.
The AGV falls under the umbrella of logistics robots that helps with order picking by directing warehouse workers through activities and moving selected items to workstations for packaging and shipping.
Function (Palletizing and De-palletizing, Pick and Place, Loading and Unloading, Packaging and Co-packing, Shipment and Delivery)
The palletizing and de-palletizing segment in logistics robots market is estimated to grow at a substantial CAGR in the coming years. The major factor in the expansion of the segment is the burgeoning packaging industry. For instance, the market for plastic packaging was estimated to be worth over USD 264 billion globally in 2022.
Palletizing and depalletizing automatically is now a crucial component of the packaging sector for achieving unmatched accuracy and a constant high throughput.
Moreover, palletizing is the process of packing or arranging goods for transportation or storage onto a wooden, plastic, or metal pallet, whereas depalletizing is the process of methodically taking packed goods off of a pallet that has been loaded.
End-Use (Healthcare, Retail, Agriculture, Manufacturing, E-commerce, Automotive, Food and Beverage)
By the end of 2036, the e-commerce segment in logistics robots market is predicted to have a significant revenue share led by the increasing popularity of online shopping. Nowadays, more than 2 billion people shop online, a huge rise from just a few years ago. Global e-commerce revenues increased by over 6% in 2022 over the previous year.
The e-commerce sector is using logistics robots to help it meet the constantly shifting needs of its online customers, manage a bigger volume of orders, and adhere to strict delivery windows as more and more customers shop online.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Component |
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Operation Environment |
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Function |
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End-Use |
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APAC Market Statistics
Asia Pacific logistics robots market is projected to account for revenue share of around 45% by 2036. As a result, more and more companies in the region are investing in logistics robots to achieve higher efficiencies, reduce downtime, and improve worker safety. For instance, Asia Pacific spending on robotic systems was over USD 90 billion in 2021.
In Japan, more and more businesses are utilizing robots to move goods automatically through their factories and warehouses to overcome labor shortages in e-commerce, increase efficiency, and optimize logistics.
The deployment of logistics robots seems to have picked up speed in China owing to technological development, increased domestic production, and quick expansion.
South Korea's restaurants are emerging as the most adoptive of robots, which may drive market growth in the coming years.
North American Market Analysis
The North American logistics robots market region will also register a tremendous CAGR through 2036 owing to the increasing purchase of robots by companies. For instance, in 2023, more than 30,159 robots were purchased by North American industries.
Particularly, in April 2023, over 45 investments totaling around USD 1 billion were made in robotics by US-based robotics startups.
Canada is well-known around the world as a center for innovation in industrial automation, leading to growth in the discipline of robotics in day-to-day jobs.
It is projected that the top five companies will control the majority of the market share of logistics robots as they are taking a variety of calculated risks, and are constantly collaborating, expanding, making agreements, and taking part in joint ventures to fortify their positions in the industry.
Author Credits: Abhishek Verma
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