The global logistics robots market is set to gain impetus from the increasing integration
of autonomous solutions in warehouses. The surging need to automate various
tasks, such as transportation, pick & place, and scanning would also affect
growth positively. In November 2019, for instance, OMRON Corporation unveiled
its new mobile robots that can move a pay-load capacity of nearly up to 250 kg.
This information is published by Fortune
Business Insights™ in a new report, titled, “Logistics Robots Market,
2021-2028.” As per the report, the logistics robots market size is
projected to grow from USD 6.17 billion
in 2021 to USD 17.82 billion in 2028
at a CAGR of 16.4% in the forecast
period. It stood at USD 5.38 billion
in 2020.
A List of Prominent Vendors of Logistics Robots Operating in This Market:
- ABB (Zurich, Switzerland)
- TOYOTA INDUSTRIES CORPORATION (Aichi, Japan)
- Kawasaki Heavy Industries, Ltd. (Tokyo, Japan)
- FANUC CORPORATION (Yamanashi, Japan)
- Vecna Robotics (Waltham, United states)
- KUKA AG (Augsburg, Germany)
- Yaskawa America, Inc. (Waukegan, United States)
- Dematic (Atlanta, United States)
- Krones AG (Neutraubling, Germany)
- I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A. (Bologna, Italy)
- Columbia/Okura LLC (Vancouver, United states)
- IAM Robotics (Pittsburgh, United States)
- TOSHIBA CORPORATION (Tokyo, Japan)
- Teradyne Inc. (North Reading, United States)
- OMRON Corporation (Kyoto, Japan)
- Asic Robotics AG (Burgdorf, Switzerland)
- The Hi-Tech Robotic Systemz (Gurgaon, India)
- Bastian Solutions, Inc. (Indianapolis, United States)
- Daifuku Co., Ltd. (Osaka, Japan)
- Vanderlande Industries B.V. (Veghel, The Netherlands)
- KION GROUP AG (Frankfurt, Germany)
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REPORT COVERAGE-
The report
aims to analyze the market for logistic robots by considering contributions,
prospects, and trends. It offers detailed profiles of every key company
operating in the industry to analyze their core competencies in each segment.
Besides, it ensures to help our clients better understand the competitive
developments, such as collaborations, new product launches, partnerships,
mergers, joint ventures, and acquisitions.
DRIVERS & RESTRAINTS-
Increasing Number of Online Customers to
Compel Retailers Adopt Logistic Robotics
The
e-commerce sector is expanding rapidly worldwide because of the increasing
number of online customers. Hence, retailers are striving persistently to keep
up with the given delivery timelines. To do so, they are adopting logistic
robots to help perform complex tasks. However, in developing countries,
companies are facing several challenges to deploy novel robotics in their
industries backed by the requirement of huge investments. This factor may
hamper the logistics robots market growth in the upcoming years.
Read a Detailed Summary of This Report: https://www.fortunebusinessinsights.com/logistics-robots-market-102923
COVID-19 IMPACT-
Urgent Need for Factory Automation to Propel
Growth amid COVID-19 Pandemic
The COVID-19
pandemic affected the market severely in the first half of 2020 because of the
temporary closure of manufacturing plants and warehouses across the globe. In
the second half of 2020, various companies experienced the urgent need to
automate their factories. It has therefore brought the logistical supply chain
on track in omni-channel fulfillment and has also created multiple
opportunities for logistics robots. Based on our experience and expertise, we
will offer you a detailed research report to help you prepare for the future
and generate more sales of logistics robots.
REGIONAL INSIGHTS-
Rising Need to Modernize Existing
Technologies will Favor Growth in Asia Pacific
Geographically,
Asia Pacific earned USD 1.78 billion
in 2020 in terms of revenue. The rising emphasis on modernization programs to
improve existing technologies, especially in South Korea and China would boost
growth. North America, on the other hand, is anticipated to remain at the
forefront owing to the increasing investments in implementing automated
warehouse systems, smart factories, and industry 4.0.
COMPETITIVE LANDSCAPE-
Key Players Focus on Collaborative Efforts to
Strengthen Their Positions
Key
companies present in the market are adopting state-of-the-art technologies for
gaining a competitive edge. Most of them are participating in collaborative
efforts, such as agreements, contracts, and joint ventures with local firms to
compete with their rivals. Vecna Robotics, for instance, is considered to be a
leading organization in the logistic robots industry. It has a robust supply
chain. At the same time, it has adopted robotic warehouse systems to gain rapid
sales. Below are the two latest industry developments:
- March 2018 – KUKA AG entered into a strategic partnership
with Midea Group Company for expanding its geographical presence and strengthening
its position in China for the manufacturing of innovative products.
- September 2018 – ABB announced the acquisition of Intrion
Company to boost its logistic robot solutions. It would help the former to provide
delivery to a huge customer base for meeting the high demand from the
e-commerce industry.
Read Press Release: https://www.fortunebusinessinsights.com/press-release/logistics-robots-market-10004
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