Global Warehousing and Logistics Robots Market is valued at USD 5.79 Billion in 2021 and is expected to reach USD 47.63 Billion by 2028 with a CAGR of 35.14% over the forecast period.
Robots are machines that robotize the tasks that are normally completed by people. At first, there were not very many robots that were brought into the manufacturing area for playing out a portion of the tedious manufacturing operations. Progressively, different industries understood its potential across different applications that help people with saving time and energy. However, the rise of artificial intelligence into robots has revolutionized the robotics industry. Robots are currently used to work alongside individuals and have decision-making capacities. These robots are utilized in warehouse logistics applications.
Logistics and warehouse include the development of products starting with one spot then onto the next because of which it upholds the technological progressions occurring in the material movement tasks. In this manner, it has been seeing a serious level of automation to lessen delivery times and smooth out tasks in the warehouse. This has brought about various advancements in the warehouse and logistics robots by different driving manufacturers. The area is ready to observe high development in the near future as the technology becomes reasonable because of reducing robot cost and accordingly, will actually want to oblige a general category of clients. The logistics and warehouse robots are generally utilized; nonetheless, gradually it is seeing high adoption in developing just as evolved nations that were at first reluctant because of faith in conservationism.
Covid-19 has also impacted the growth of global warehousing and logistics robots market. During the Covid-19 outbreak, there was the temporary closure of manufacturing plants and warehouses across the globe. Also, restrictions on transportation and lack of raw materials have also affected the market. However, post-pandemic different organizations encountered the urgent need to automate their production lines. It has in this manner brought the logistical supply network on target in omnichannel satisfaction and has likewise set out numerous opportunities for warehousing and logistics robots.
Global Warehousing and logistics robots market is segmented on the basis of type, application and region & country level. Based upon type, the warehousing and logistics robots market is classified into palletizing robots, depalletizing robots, handling robots, delivery robots, supporting robots, manufacturing robots and others. Based upon application, the market is classified into food & beverages logistics, pharmaceuticals logistics, electronic products logistics, mechanical products logistics and others.
On November 10th, 2021; FANUC America introduced the innovative LR-10 iA/10 robot designed for machine tending and an assortment of picking applications found in the warehousing and logistics markets. FANUC introduced latest minimized LR-10iA/10 robot best for machine tending and warehousing/ logistics applications. Lightweight and amazing, the new robot mounts effectively to a mobile stage/AGV to expand adaptability in the work area. The new LR-10 iA/10 is an incredible solution for help manufacturers and distribution centers beat impediments related with labor shortages, while further developing throughput and diminishing working expenses. LR-10 iA/10 robot designed for machine load/dump and part picking.
One of the major factors driving the growth of global warehousing and logistics robots market is increasing growth of e-commerce industry. Development of the e-commerce industry is relied upon to drive development request satisfaction in the e-commerce area which is a significant contributor of the rising warehousing and logistics robots' deployment. Development in e-commerce is the fundamental driver of warehouse automation will increment with broadband and cell phone penetration. The developing number of online clients is implementing retailers to take on the robotization cycle to perform tedious assignments through robotic solutions for stay aware of the delivery timelines. Likewise, the efficient integration of digital automation networks gives an ongoing overview of activities. This working is imperative for the e-commerce sector as they significantly focus on satisfying the clients request on time. This is likewise adding impulse to the development of the market. For example; as per the news published on November 21st, 2021; HAI ROBOTICS supports e-commerce satisfaction for cross-line warehouse in U.K. By utilizing an autonomous case-handling robotics (ACR) framework, the venture has helped vendors with limiting its overseas e-commerce businesses and abbreviates delivery time to end clients.
In addition, rising introduction of robots into different warehouse & logistics operations is also fostering the growth of the global warehousing and logistics robots market. A warehouse and logistics labourer might stack an autonomous mobile robot with substantial bundles. The robot moves the stock from one end of the warehouse to the transportation zone and software records the development of that stock, keeping all records current. These robots develop effectiveness, speed, dependability and precision of this task. For instance; as per a news published on November 25th, 2021, iFollow has shown up in the UK intralogistics market to offer premium autonomous mobile robots that will change request picking and heavy load transport in warehouses and logistics activities. The organization designs and fabricates its own AMRs and has effectively protected an agreement with a significant UK basic food item retailer.
Furthermore, another major factor supplementing the growth of the global warehousing and logistics robots market is the growing need for automation across various industrial applications. Warehouse and logistics automation intends to limit manual operations and accelerate processes, from receiving to transportation. Utilizing automation to further develop warehouse and logistics operations brings a wide scope of benefits, from running all the more proficiently to limiting human mistakes. Automation gives a few benefits like diminished work and operational expenses, expanded productivity and effectiveness and improved data accuracy and analysis. Hence, demand of automation in various industrial applications drives the global warehousing and logistics robots market. For instance; on November 10th, 2021, DHL Supply Chain deployed its first U.S. employment of autonomous forklifts in the warehouse. However, high set-up cost and lack of skilled workforce may hamper the market growth. In spite of that, rising adoption of autonomous mobile robots can provide various opportunities for the further growth of the global warehousing and logistics robots market.
The regions covered in global warehousing and logistics robots market report are North America, Europe, Asia-Pacific, Latin America, and Rest of the World. On the basis of country level, the market of global warehousing and logistics robots is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
The Asia Pacific is the fastest-growing region in the global warehousing and logistics robots market due to the huge demand across the e-commerce industry and an increasing number of players in this region. Expansion in e-commerce is the primary driver of warehouse automation will increment with broadband and cell phone penetration. For example; as per the news published on November 10th, 2021, Geek+ launched CEVA's e-commerce transformation with top-tier automated picking. Executed by Körber Supply Chain, the venture incredibly further develops productivity and efficiency in the warehouse, guaranteeing smoother request satisfaction for CEVA's clients. North America is accounted for the largest revenue share contribution to the global warehousing and logistics robots market owing to various factors such as the early adoption of developed technology and the presence of key players.
Report Analysis | Details |
---|---|
Historical data | 2015 - 2020 |
Forecast Period | 2021 - 2028 |
Market Size in 2021: | USD 5.79 Billion |
Base year considered | 2020 |
Forecast Period CAGR %: | 35.14% |
Market Size Expected in 2028: | USD 47.63 Billion |
Tables, Charts & Figures: | 175 |
Pages | 200 |
Warehousing and Logistics Robots Companies | Gray Orange, KUKA, ABB, Vecna, Grenzebach, Hi-tech Robotic Systemz, Bastian, Pro Mach, CIM Corp, BluePrint Automation BPA, Dematic, Amazon Robotics, Fetch Robotics, Vanderlande, Schaffer, Fanuc, Adept Technology, Hitachi, and others. |
Segments Covered | By Type, By Application |
Regional Analysis | North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa |
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