Vancouver, BC -- (SBWire) -- 04/21/2021 --The global logistics robots market size was USD 5,512.6 Million in 2020, which is expected to reach USD 14.93 Billion in 2027 and register a steady 15.3% CAGR over the forecast period, according to latest analysis by Emergen Research. The steady growth of the logistics robots market can be attributed to growing emphasis on warehouse automation as warehouse automation offers several advantages, including space savings, enhanced productivity, efficient flow of materials, lesser workforce requirement, lower operational expenditure, reductions in inventory level, improved return on investment, and safer operations.
In May 2020, ABB Ltd. announced the introduction of IRB 390 FlexPacker with faster and higher payload to support vertical packaging, custom-made packaging, and high-variation, high-speed sorting, and on-demand order picking in e-commerce and logistics warehouses.
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Some Key Highlights in the Report
Automated guided vehicles segment dominated other robot type segments in terms of revenue share in the global logistics robot market in 2020. This robot type finds extensive application in movement of inventory and materials within warehouses. Automated guided vehicles are used to substitute manual pick carts or forklifts, thereby reducing human intervention that may lead to inaccurate workflows, and eventually reduces waste and increases output, thus enhancing productivity and accuracy of warehouse operations. Also, automated guided vehicles can operate round the clock and in conditions where human workforce either cannot, or do so with reduced efficiency such as in hazardous environments or under harsh weather conditions.
The primary advantage of pick and place logistics robots are operational consistency and speed. These logistic robots can be modified to cater to specific warehouse requirements and can be easily programmed for use in multiple applications.
Asia Pacific logistics robots market revenue is expected to continue to register the fastest CAGR as compared to other regional markets during the forecast period. This can be attributed to increasing investments in warehouse automation, growth in automotive and retail sectors, especially e-commerce, and robust presence of leading robotic firms in countries in the region.
Major companies operating in the logistics robots market include Clearpath Robotics Inc., Omron Corporation, Alstef Group, Midea Group, ABB Ltd., Toshiba Corporation, Kion Group AG, Teradyne Inc., Kawasaki Heavy Industries Ltd., and Toyota Industries Corporation.
Logistics Robots Market Segmentation:
Emergen Research has segmented the global logistics robots market in terms of robot type, application, industry verticals, and region:
Robot Type Outlook (Revenue, USD Million; 2017–2027)
Automated Guided Vehicles
Robot Arms
Autonomous Mobile Robots
Others
Application Outlook (Revenue, USD Million; 2017–2027)
Palletizing & De-palletizing
Pick & Place
Transportation
Others
Industry Verticals Outlook (Revenue, USD Million; 2017–2027)
E-commerce & Retail
Food & Beverage
Healthcare
Automotive
Others
Key Regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Elucidating the competitive scenario of the Global Logistics Robots Market:
The comprehensive global Logistics Robots market analysis includes meaningful insights into the competitive spectrum of this business sphere. It goes on to enlist the detailed profiles of each market competitor.
The latest report includes the industry share, production facilities, development prospects,and geographies served by each market player.
The study also showcases the extensive product portfolios of the prominent market contenders and offers critical data and information about the application scope, as well as specifications of these products.
In addition, the study presents the fundamental market insights, pricing range of products offered by these companies, and the gross profits and losses experienced by these players throughout their market tenures.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Logistics Robots Market Segmentation & Impact Analysis
4.1. Logistics Robots Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing emphasis on warehouse automation
4.2.2.2. Increasing focus on workplace safety
4.2.2.3. Growth of the e-commerce sector
4.2.2.4. Growth of omni-channel retailing
4.2.3. Market restraints analysis
4.2.3.1. High capital investment
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Logistics Robots Market By Robot Type Insights & Trends, Revenue (USD Million)
5.1. Robot Type Dynamics & Market Share, 2019 & 2027
5.1.1. Automated Guided Vehicles
5.1.2. Robot Arms
5.1.3. Autonomous Mobile Robots
5.1.4. Others
CONTINUED..!!
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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Logistics Robots Market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2027
Growing emphasis on warehouse automation is one of the significant factors influencing the market growth.