London, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Critically growing need for improved supply chain efficiency remains a major factor boosting the significance of logistics robots. With industry seeking greater operational inefficiency, and visibility for stakeholders, demand for innovations like logistics robot is expected to rise high. While global logistics robot market attained the valuation of US$807.2 Mn in 2017, it is likely to reach over the revenue of US$12,739 Mn toward the end of 2025 as suggested by a newly published report of Fairfield Market Research. Between 2021 and 2025, the report projects promising double-digit growth for the market. With logistics industry witnessing transformation of modern supply chains eyeing streamlined operations, global logistics robot market will continue to be on an uptrend, says the report.
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Key Research Insights
- Logistics robot market is poised to demonstrate a staggering 23.7% CAGR during 2021 – 2025
- During the period of projection, the market in Asia Pacific is all set to exhibit the fastest growth at around 26.2% CAGR
- Automated guided vehicles remain dominant with over 42% market share
Insights into Segmental Analysis
By type of logistics robot, automated guided vehicle (AGV) systems have been the leading segment. These completely autonomous robots account for a sizeable market share of more than 42% and provide an ideal solution to automated jobs like moving and transporting items in production, warehousing, and at distribution centres without any manual intervention. While industry has been showcasing growing preference for AGV systems to achieve accurate tracking of shipped products, just-in-time raw material delivery, and electronic control of the assembled parts. Warehouses are more likely to employ new AGV systems for their extended capabilities of aiding in major jobs like storing, transport, and distribution, which also warrant a minimum risk of product damage, or injuries to workers. Market analysis based on application reveals that application of logistics robots across e-commerce industry accounts for the lion’s share in global market. The segment will continue to be the most attractive area, estimated to discover an incremental opportunity of over US$2 Bn between 2021 and 2025.
Key Report Highlights
- Logistics robots hold the promise to provide a reliable solution to the contemporary challenges looming over e-commerce industry
- Abundant opportunities are likely to emerge with growing integration of logistics robots with advanced AI-based applications
- Advanced logistics robots are likely to garner strong ground in the next few years as they not only ensure enhanced supply chain efficiency but also promise better safety of workers
Insights into Regional Analysis
As the boom around online retail grows denser, demand for logistics robot is likely to rise high. Research identifies ample opportunity residing in Asia Pacific as the region houses a substantially large base of e-commerce consumer. The unprecedented e-commerce expansion has been auguring well for the logistics robot market across Asia Pacific. The market here is also likely to flourish on the back of heavy shortage of workforce, impressive investments by industry leaders, and mounting demand for intelligent warehousing solutions. Thriving demand for intelligent supply chains, especially across the key Asian markets like China, and India, are expected to boost demand for logistics robots, thereby pushing the growth of market. The report has projected a whopping 26.2% CAGR for Asia Pacific’s logistics robot market through the end of 2026.
Key Market Players in Global Logistics Robot Market
Amazon Robotics, Locus Robotics, Fetch Robotics, inVia Robotics, Inc., 6 River Systems, IAM Robotics, Geek+, ForwardX Robotics, GreyOrange, Rethink Robotics GmbH
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REPORT SCOPE
| Report Attributes | Details | |
| Base Year | 2020 | |
| Forecast Year | 2021 – 2025 | |
| Market Size in 2017 | US$807.2 Mn | |
| Estimated Market Size in 2025 | US$12,739.1 Mn | |
| CAGR | 23.7 % | |
| Key Players | Amazon Robotics, Locus Robotics, Fetch Robotics, inVia Robotics, Inc., 6 River Systems, IAM Robotics, Geek+, ForwardX Robotics, GreyOrange, Rethink Robotics GmbH | |
Market Segmentation
Type Coverage
- Automated Guided Vehicle (AGV)
- Autonomous Mobile Robots (AMR)
- Robot Arms
Application Coverage
- Pick and Place
- Sorting
- Transportation
- Others
Industry Coverage
- E-commerce
- Retail
- Manufacturing
- Consumer Goods
- Others
Geographical Coverage
- North America
- Europe
- Latin America
- Middle East & Africa
Leading Companies
- Amazon Robotics (formerly Kiva Systems)
- Locus Robotics
- Fetch Robotics
- inVia Robotics, Inc.
- 6 River Systems
- IAM Robotics
- Geek+
- ForwardX Robotics
- GreyOrange
- Rethink Robotics GmbH
Report Inclusions
- Market Estimates and Forecast
- Market Dynamics
- Industry Trends
- Competition Landscape
- Type-wise Analysis
- Application-wise Analysis
- Industry-wise Analysis
- Region-wise Analysis
- Country-wise Analysis
- Key Trends Analysis
- COVID-19 Impact Analysis
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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