Logistics Robots Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41088
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The logistics robots market has the potential to grow by USD 7.07 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 29.83%.

This logistics robots market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (indoor and outdoor logistics and factory logistics) and geography (APAC, North America, Europe, South America, and MEA). The logistics robots market report also offers information on several market vendors, including ABB Ltd., Alstef Group, Clearpath Robotics Inc., Kawasaki Heavy Industries Ltd., KION GROUP AG, MIDEA GROUP, OMRON Corp., Teradyne Inc., Toshiba Corp., and Toyota Industries Corp. among others.

What will the Logistics Robots Market Size be in 2021?

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Logistics Robots Market: Key Drivers and Trends

The good ROI offered by logistics robots is notably driving the logistics robots market growth, although factors such as the need for technical expertise may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the logistics robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the logistics robots market is the good return on investment (ROI) offered by logistics robots.
  • The major drivers of logistics robots are the drop in the cost of equipment, components such as sensors and the cost of integration along with the time required for integration.
  • There has been a rise in the adoption of automation and robotics owing to the surge in labor costs and stringent regulations in difficult working conditions.
  • The technological advancements in logistics robots is another major factor supporting the logistics robots market share growth.
  • Vendors in the market have been innovating their automated guided vehicle (AGV)s and mobile robot platforms to expand their offerings and gain a competitive advantage in the market.
  • The development of lithium-ion and lithium polymer batteries will improve battery life significantly and allow mobile robots to be used for extended periods of time.

This logistics robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Logistics Robots Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Alstef Group
  • Clearpath Robotics Inc.
  • Kawasaki Heavy Industries Ltd.
  • KION GROUP AG
  • MIDEA GROUP
  • OMRON Corp.
  • Teradyne Inc.
  • Toshiba Corp.
  • Toyota Industries Corp.

 

This statistical study of the logistics robots market encompasses successful business strategies deployed by the key vendors. The logistics robots market is fragmented and the vendors are deploying growth strategies such as geographical expansion, increasing production capacities, and upselling products by upgrading the existing ones to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The logistics robots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Logistics Robots Market?

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43% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the logistics robots market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rise in the aging population in Japan has created the demand for logistics robots to substitute human personnel in sectors such as healthcare. This will facilitate the logistics robots market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Logistics Robots Market?

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The logistics robots market share growth by the indoor and outdoor logistics segment will be significant during the forecast period. The segment will gain traction due to the increase in the adoption of logistics robots by end-users, such as warehouses, airports, harbors, logistics centers for parcel and mail orders, trans-shipment centers, and public buildings to improve operating efficiency, reliability, and speed. Third-party logistics players and warehouse owners are increasingly adopting methods that can reduce congestion on the floor while improving the safety of human workers. The adoption of logistics robots by hospitals will also be a major driver of growth in the segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the logistics robots market size and actionable market insights on post COVID-19 impact on each segment.

 

Logistics Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 29.83%

Market growth 2021-2025

$ 7.07 billion

Market structure

Fragmented

YoY growth (%)

29.26

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

US, China, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Alstef Group, Clearpath Robotics Inc., Kawasaki Heavy Industries Ltd., KION GROUP AG, MIDEA GROUP, OMRON Corp., Teradyne Inc., Toshiba Corp., and Toyota Industries Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Logistics Robots Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive logistics robots market growth during the next five years
  • Precise estimation of the logistics robots market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the logistics robots industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of logistics robots market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The logistics robots market growth will increase by $6424.21 million during 2019-2024.
The logistics robots market is expected to grow at a CAGR of 31.24% during 2019-2024.
Technavio has segmented the logistics robots market by application (Indoor and outdoor logistics and Factory logistics) and geographic (APAC, North America, Europe, and South America).
ABB Ltd., B2A Technology SAS, Clearpath Robotics Inc., Kawasaki Heavy Industries Ltd., KION GROUP AG, Midea Group Co. Ltd., OMRON Corp., Teradyne Inc., Toshiba Corp., Toyota Industries Corp. are a few of the key vendors in the logistics robots market.
APAC will register the highest growth rate of 47.96% among the other regions. Therefore, the logistics robots market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the logistics robots market growth are:
  • Good ROI offered by logistics robots
The logistics robots market vendors should focus on grabbing business opportunities from the indoor and outdoor logistics segment as it accounted for the largest market share in the base year.
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