The global logistics robots market is projected to grow at a CAGR of 23.89% over the forecast period to reach US$11,800.297 million in 2024 from US$3263.749 million in 2018. The growing e-commerce industry is one of the major drivers driving the demand for the use of logistics robots. The total number of service robots for professional use sold in 2015 increased by 25 percent. In terms of units, logistic systems make up 53 percent of the total forecast of service robots in this segment (source: International Federation of Robotics, IFR). The United States is leading with respect service robots due to its approach of not building a humanoid robot, instead is aimed towards the development of robots dedicated tone application, which is different from Japan’s point of view which the leader in industrial robots. Hence, region-wise, the United States is expected to hold a major market share in the global logistics robots market. In addition, growing automation will further fuel the growth of the global logistics robots market in the coming years.
This research study examines the current market trends related to the demand, supply, and sales, in addition, to the recent developments. Major drivers, restraints, and opportunities have been covered provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the logistics robots value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics help the clients in gaining a faster and efficient understanding of the global logistics robots market.
Major industry players profiled as part of the report are Grey Orange Pte. Ltd., Rethink Robotics and Amazon Robotics LLC among others.
The global logistics robots market has been analyzed through the following segments:
Stationary piece picking
Loading and unloading
Middle East and Africa