Global logistics robots market to reach USD 21.01 billion by 2029, driven by e-commerce growth and warehouse automation

The global logistics robots market is witnessing significant growth, driven by increasing demand for automation across warehouses and the e-commerce sector. The market is expanding rapidly, with Asia Pacific emerging as the leading region. Key factors fuelling growth include the need for faster operations and improved efficiency. However, challenges such as high initial investment and data security concerns may hinder broader adoption.

Despite supply chain and manufacturing disruptions during the COVID-19 pandemic, which initially hampered growth, the sector has rebounded rapidly. With rising emphasis on minimizing operational time and improving customer satisfaction, logistics robotics has carved out a vital role in fulfilling the growing demand in the logistics industry.

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Top Companies of Logistics Robots:

• ABB Ltd (Switzerland)
• KUKA AG (Germany)
• Yaskawa Electric Corporation (Japan)
• KION Group AG (Germany)
• Toshiba Corporation (Japan)
• Krones AG (Germany)
• Kawasaki Heavy Industries Ltd. (Japan)
• Omron Corporation (Japan)

Key Growth Drivers:

·        Process Automation: Logistics robots streamline repetitive and labour-intensive tasks, boosting operational efficiency and reducing costs.

·        E-commerce Expansion: The booming e-commerce sector is accelerating the need for faster, smarter logistics and fulfilment systems.

·        Workforce Challenges: Ongoing labor shortages in warehousing and transportation are encouraging companies to integrate robotics as a workforce support tool.

·        Technological Innovation: Advancements in robotics, such as smarter sensors, artificial intelligence, and machine learning, are significantly propelling market development.

Logistics Robots Market Size & Regional Insights:

In 2021, Asia Pacific dominated the logistics robots market with a 34.19% share, driven by strong e-commerce growth, investments in warehouse automation, and the presence of key players in China, Japan, and South Korea.

North America and Europe are also witnessing significant growth due to the early adoption of automated guided vehicles (AGVs) and autonomous mobile robots (AMRs).

Regions Covered:

·        North America (United States, Canada and Mexico)

·        Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

·        Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

·        South America (Brazil, Argentina, Columbia etc.)

·        Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Challenges in the Market:

While the logistics robots market size is expanding rapidly, high initial investments and concerns over data security among stakeholders remain significant barriers to adoption.

Segment Breakdown

• By Type:
• Automated Guided Vehicles (AGVs)
• Autonomous Mobile Robots (AMRs)
• Robot Arms
• Others (e.g., Unmanned Aerial Vehicles - UAVs)
• By Application:
• Palletizing & De-palletizing
• Pick & Place Operations
• Transportation
• Others (e.g., Shipment & Delivery Tasks)
• By Industry:
• E-commerce
• Healthcare
• Retail
• Food & Beverage
• Automotive
• Others (including Consumer Electronics)

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Key Industry Developments

·        FANUC Corporation introduced its advanced LR-10iA/10 robots, compact and ideal for facilities with limited floor space. These robots are optimized for loading and unloading machine tools and are specifically designed to address labor shortages in distribution centers, logistics warehouses, and manufacturing plants, while also reducing operational costs.

·        Toyota Industries Corporation launched T-Hive, a global autonomous vehicle software development firm. T-Hive aims to meet the growing global demand for logistics robotics solutions. The company provides control systems for automated guided forklifts, AGVs (Automated Guided Vehicles), and autonomous mobile robots, reinforcing Toyota’s strategic commitment to smart automation in industrial logistics.

·        ABB Ltd. unveiled its SWIFTI and GoFa collaborative robots (cobots), engineered to support higher payloads and faster operations. These cobots are designed for various applications in logistics, healthcare, consumer goods, food and beverages, and electronics, enabling efficient and safe human-robot collaboration across multiple industry sectors.

FAQ’s:

Q1: What is the size of the global logistics robots market as of the latest data?

·        As of 2021, the global logistics robots market was valued at USD 6.17 billion and grew to USD 7.11 billion in 2022, reflecting increasing demand for automation in logistics.

Q2: What is the expected growth trajectory of the logistics robots market?

·        The market is forecasted to reach USD 21.01 billion by 2029, growing at a CAGR of 16.7% during the 2021–2029 period, driven by rising automation needs and advancements in robotic technology.

Q3: Which region is currently leading the logistics robots market?

·        The Asia-Pacific region held the dominant position with a 34.19% market share in 2021, fueled by rapid industrialization, strong adoption of robotics, and growing e-commerce operations.

Q5: Who are the leading players in the logistics robots market?

• Major companies in the market include ABB Ltd (Switzerland), KUKA AG (Germany), Toyota Industries Corporation (Japan), and Fanuc Corporation (Japan), known for their innovative robotic solutions and significant contributions to the logistics sector.

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