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Logistics Robots Market Share

Report ID: GMI10048
Published Date: Jun 2024
Report Format: PDF

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Logistics Robots Market Share

ABB Ltd. & Honeywell International Inc. together held over 15% share of the logistics robot industry in 2023. ABB Ltd., a global leader in industrial automation & robotics, plays a vital role in the logistics robot industry with its development & deployment solutions of robots for extensive industry material handling. Specializing in developing cutting-edge robotic systems tailored for logistics & warehouse automation, ABB offers a range of products and services designed to optimize operational efficiency, enhance productivity, and meet the evolving needs of modern supply chains.

Honeywell has established itself as a prominent player in the logistics robot market through strategic investments in robotics & automation technologies. The company's commitment to innovations is reflected in its development of advanced robotic systems designed to optimize warehouse management, streamline distribution processes, and improve the overall operational efficiency to reduce the errors.

Logistics Robots Market Companies

Major players operating in the logistics robot industry are:

ABB Ltd.
Honeywell International Inc.
KUKA AG
Fanuc Corporation
Omron Corporation
Yaskawa Electric Corporation
Kion Group AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of logistics robot reached USD 8.6 billion in 2023 and is set to witness over 15% CAGR between 2024 and 2032, due to the growing dependence of consumers on e-commerce.

The services segment in the logistics robots industry is expected to witness over 18% CAGR between 2024 and 2032, as businesses seek to optimize their logistics operations and services that leverage AI, IoT, customization, and remote capabilities.

APAC market is estimated to reach USD 5 billion by 2032, driven by technological advancements, evolving consumer behaviors, and supportive government initiatives.

ABB Ltd., Honeywell International Inc., KUKA AG, Fanuc Corporation, Omron Corporation, Yaskawa Electric Corporation, and Kion Group AG