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Logistics Robots Market Trends

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

Logistics Robots Market Trends

The rising shift toward autonomous warehouses is primarily agitated by the need for greater efficiency, accuracy, & speed in order fulfillment, particularly in response to the booming online & e-commerce sector. Logistics robots help match the demands by operating around the clock, reducing human errors, and ensuring consistent performance. They enable warehouses to handle higher volumes of orders with greater precision and speed, thereby enhancing customer satisfaction & competitiveness.
 

For instance, in September 2021, KION Group, in partnership with the Fraunhofer Institute for Material Flow and Logistics (IML) pioneered an exciting project named “LoadRunner”. The primary aim behind the project is to pave the way for a new generation of autonomous transport vehicles that will revolutionize intralogistics with Artificial Intelligence (AI).
 

The growing supply chains are still feeling the aftereffects of the pandemic, and the demand for warehouse labor far exceeds the available talent. Companies are turning to automation now more than ever to mitigate future disruptions. As logistics labor issues such as high turnover, burnout, and injury continue to rise, many organizations are developing a robust infrastructure of autonomous robots to handle warehouse operations and address these challenges in the logistics department.
 

For instance, in March 2024, Agility Robotics unveiled the next generation of Digit, the first human-centric & multi-purpose robot made for logistics work. Digit is designed to do useful work safely in spaces designed for people including bulk material handling within warehouses & distribution centers.

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

Logistics Robots Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 346
  • Countries covered: 22
  • Pages: 220
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