LONDON, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Logistics robot market is forecasted to grow at a whopping CAGR of 23.7% during the prophesied period of 2021-2025. Further, the expected market value of the logistics robot market is projected at US$12,739.1 Mn by 2025 as compared to US$807.2 Mn in 2017.
Logistics robots are widely used across global supply chain operations in order to store and move goods across industries and production units. However, the application of logistics robots is not limited to the supply chain domain as they are also extensively used at warehouses and other storage facilities. Considerable levels of uptime and unparalleled efficiency as compared to manual labor impels demand for logistics robots across the global market. Furthermore, the emergence of the COVID-19 pandemic created significant growth prospects for the global logistics robot market as people started opting for online shopping and contactless delivery. Additionally, the demand for logistics robots surged owing to supply chain shortages and proliferation in the demand for heavy goods. Therefore, the logistics robot market is expected to grow at a promising pace on grounds of greater productivity and accuracy in moving the goods.
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Key Highlights of Logistics Robot Market
- Worldwide, e-commerce sector is forecasted to create an incremental opportunity of US$ 2,751.5 during the span of 2021-2025.
- Globally, the autonomous mobile robots (AMR) market share accounted for 36.7% in 2020.
- In 2020, ecommerce dominated the market for logistics robots with a share of 24.6%. On a regional level, the U.S government has channeled funds worth US$96 Mn for the research and development sector pertaining to logistics robots.
Automated Guided Vehicles (AGV) Segment Reigns Supreme Over Logistics Robot Market
Automated guided vehicles (AGVs) have showcased remarkable growth in terms of development and adoption. AGVs majorly facilitate storage and warehouse operations where they can maneuver in a definite lane and move the products for storage and shipping. Moreover, these AGVs ensure on-time delivery of products, efficient tracking of shipped items, and electronic control of assembly parts.
Automated guided vehicles go above and beyond to streamline the supply chain and improve the cost-efficiency of logistics. In 2020, automated guided vehicle (AGV) systems ruled the market at the behest of their 42.6% market share. The growing application of AGVs is envisioned to escalate the demand for logistics robots.
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Growing Count of eCommerce Platforms in Asia Pacific Region to Drive Demand for Logistics Robots
In 2020, North America dominated the logistics robot market with a herculean share of 37.6%. As a more nascent trend, the progressive expansion of e-commerce platforms and the automotive industry is steering the demand for logistics robots in the Asia Pacific region. Moreover, the surging technological advancements in manufacturing activities provide a competitive edge to the global market players. Furtherance of the e-tailing sector has simultaneously outlined Asia Pacific as a key logistic hub. Influential markets for logistics robots across APAC are India, China, and Japan. Technical upgrades by South China players in the development of logistics robots are the key growth drivers for China. All in all, the Asia Pacific’s logistics robot market is forecasted to flourish with growth opportunities in the coming years.
World over, the prominent stakeholders taking the lead in the logistics robot market include Geek+, Grey Orange Pte. Ltd., and 6 River Systems.
REPORT SCOPE & SEGMENTATION:
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| Report Highlights | Market Estimates and Forecast, Market Dynamics, Market Trends, Competition Landscape, Type-, Industry-, Region-, COVID-19 Impact Analysis, Pricing Analysis, Shipment Analysis |
Table of Content
1. Executive Summary
1.1. Global Logistics Robots Market Snapshot
1.2. Global Logistics Robots Market Fairfield Analysis
2. Market Overview
2.1. Market Dynamics
2.2. COVID-19 Impact
2.3. Eco-System Analysis
2.4. Logistics Robots Vendor Landscape
2.5. Porters Five Forces
2.6. Logistics Robots Timelines
2.7. Logistics Robots End User Analysis
2.8. Market Trends
2.9. Key Investment
2.10. Microeconomic Outlook
3. Shipment Analysis, 2017 - 2025
3.1. Global Logistics Robots Shipment Analysis (Million Units), 2017 - 2025
4. Price Trend Analysis
5. Global Logistics Robots Market Outlook, 2017 - 2025
5.1. Overview
5.2. Global Logistics Robots Revenue (US$ Mn) by Type
5.3. Global Logistics Robots Revenue (US$ Mn) by Application
5.4. Global Logistics Robots Revenue (US$ Mn) by Industry
5.5. Global Logistics Robots Revenue (US$ Mn) by Region
6. North America Logistics Robots Market Outlook, 2017 - 2025
6.1. Overview
6.2. North America Logistics Robots Revenue (US$ Mn) by Type
6.3. North America Logistics Robots Revenue (US$ Mn) by Application
6.4. North America Logistics Robots Revenue (US$ Mn) by Industry
6.5. North America Logistics Robots Revenue (US$ Mn) by Country
7. Europe Logistics Robots Market Outlook, 2017 - 2025
7.1. Overview
7.2. Europe Logistics Robots Revenue (US$ Mn) by Type
7.3. Europe Logistics Robots Revenue (US$ Mn) by Application
7.4. Europe Logistics Robots Revenue (US$ Mn) by Industry
7.5. Europe Logistics Robots Revenue (US$ Mn) by Country
8. Asia Pacific Logistics Robots Market Outlook, 2017 - 2025
8.1. Overview
8.2. Asia Pacific Logistics Robots Revenue (US$ Mn) by Type
8.3. Asia Pacific Logistics Robots Revenue (US$ Mn) by Application
8.4. Asia Pacific Logistics Robots Revenue (US$ Mn) by Industry
8.5. Asia Pacific Logistics Robots Revenue (US$ Mn) by Country
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