Industrial Logistics Robots Market Size, Share, Growth, and Industry Analysis, By Type (Picking Robots, AGVs, & Others), By Application (Industrial Automobile Logistics Robot, Industrial Life Science and Pharmaceutical Logistics Robots, Industrial Food and Beverage Logistics Robot, Industrial Semiconductor and Electronics Logistics Robots, Industrial Electrical Logistics Robots) and Regional Forecast to 2032

Updated On: 04 November 2024

• 

  Request a Free Sample to learn more about this report

INDUSTRIAL LOGISTICS ROBOTS MARKET REPORT OVERVIEW

The Industrial Logistics Robots Market Size is Projected to be worth US$ 1390 Million in 2024. The market is likely to surpass US$ 12616.88 Million by 2032 at a CAGR of 24.3% During the Forecast period [2024-2032].

The industrial logistics robots market is growing rapidly toward advancement, because of the rising need for robotics in warehouses and distribution centers. These robots are effective and advantageous in relation to numerous tasks encompassing cloth management, palletizing, and packaging and contribute to lessening exertions costs and enhancement in performance of production lines. Main concerning stakeholders are employing emerging technologies consisting of AI, device getting to know, and IoT to enhance the robot functions and connectivity with modern structures. The domain of interest is defined by the rather competitive environment with the main focuses of new entrants being strategic partnerships, acquisitions, as well as the introduction of novel products to the market for consolidating the competitive advantage on the side of aggressors. In addition, forces together with the boom inside the e-trade sports and the need for higher order fulfillment additionally fuel the marketplace growth.

COVID-19 Impact on Market Growth Restrained by Pandemic due to Suspended Production Activities

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The Industrial Logistics Robots market was adversely affected by the COVID-19 outbreak due to disrupted supply chains, suspended production activities, and uncertainty in the financial systems that limited the procurement of automation technologies. The major business verticals such as manufacturing and logistics were affected severely by sales decline and operational constraints, which delayed robot installations. Pandemic restrictions such as the lockdown and limits on close contact also impacted the installation and servicing of robotic equipment. Nevertheless, the necessity of automation became evident during the crisis, and this led to increasing the tendency towards the usage of robotics in business for the long term. While market decline persist in the present year, gradual recovery is expected in the next years due to recovery efforts from the pandemic coupled with efficiency and safety considerations.

LATEST TRENDS

"Leveraging Edge Computing Integration to Propel Market Growth"

The latest trend inside the Industrial Logistics Robots Market is the mixing of advanced technologies consisting of artificial intelligence (AI), system studying, and self sufficient navigation. These robots are an increasing number of being deployed in warehouses and distribution centers to streamline operations, enhance efficiency, and decrease exertions prices. Collaborative robots (cobots) are gaining traction, working along human people to enhance productivity and safety. Furthermore, there is a developing emphasis on the improvement of customizable and flexible robot answers to meet the numerous needs of different industries. As e-trade continues to surge, there's a growing demand for robotic solutions able to managing complex tasks and adapting to dynamic environments.

• 

  Request a Free Sample to learn more about this report

INDUSTRIAL LOGISTICS ROBOTS MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Picking Robots, AGVs, & Others.

• Picking Robots: The Industrial Logistics Robots market may be classified into Picking Robots, specialized for automating the selecting system in warehouses and distribution facilities. These robots utilize advanced imaginative and prescient structures and robot arms to identify, grasp, and flow items, optimizing efficiency, accuracy, and throughput in logistics operations handling a wide range of products.

• AGVs: AGVs, or Automated Guided Vehicles, are self sustaining cellular robots used for material managing obligations in warehouses and manufacturing facilities. They navigate predetermined routes using onboard sensors or steerage systems, transporting items effectively and correctly.

By Application

Based on application the market can be categorized into Industrial Automobile Logistics Robot, Industrial Life Science and Pharmaceutical Logistics Robots, Industrial Food and Beverage Logistics Robot, Industrial Semiconductor and Electronics Logistics Robots, Industrial Electrical Logistics Robots.

• Industrial Automobile Logistics Robot: The Industrial Logistics Robots market may be classified into Industrial Automobile Logistics Robots, which are specialized robots designed for automating various responsibilities in automobile manufacturing vegetation and logistics operations. These robots help in fabric coping with, meeting, and transportation tactics, optimizing performance and enhancing productiveness in the automotive enterprise's deliver chain.

• Industrial Life Science and Pharmaceutical Logistics Robots: Industrial Life Science and Pharmaceutical Logistics Robots are specialized robots tailored for the particular requirements of the lifestyles technological know-how and pharmaceutical industries. These robots automate obligations which include picking, packing, sorting, and transporting touchy scientific supplies, pharmaceuticals, and laboratory device. They make certain efficient and accurate managing of temperature-touchy substances, observe stringent regulatory requirements, and enhance deliver chain agility and traceability in these enormously regulated sectors.

• Industrial Food and Beverage Logistics Robot: Industrial Food and Beverage Logistics Robots can be specifically defined as those that are developed more than others, to resolve logistics and supply issues often encountered by a food and beverage company. They perform different tasks as well as, palletizing, packaging, sorting and transferring in households food and drink products in manufacturing plants, stores and warehouses. They influence determination of some meals security, of the hygiene standards and of the green handling of perished foods thus; enhancing efficiency and minimizing working cost in the food and beverage business logistics chain.

• Industrial Semiconductor and Electronics Logistics Robots: Industrial Semiconductor and Electronics Logistics Robots are specialized robots tailored for the specific necessities of the semiconductor and electronics production and logistics sectors. These robots automate obligations which include element coping with, inventory control, and material delivery within cleanroom environments and manufacturing facilities. They make certain specific and green managing of sensitive digital components, optimize manufacturing tactics, and decorate deliver chain efficiency in the semiconductor and electronics industries. These robots make a contribution to improved productiveness, decreased errors, and improved protection in handling sensitive electronic substances and system.

• Industrial Electrical Logistics Robots: Industrial Electrical Logistics Robots are robots designed particularly to optimize the logistics and supply chain techniques within the electric industry. These robots automate tasks including inventory control, fabric managing, and order achievement inside production facilities, warehouses, and distribution facilities for electric components and products. They make certain green managing of diverse electrical objects, which include cables, wires, switches, and circuit components, enhancing universal productiveness, reducing errors, and enhancing operational performance within the electrical enterprise's deliver chain. These robots make a contribution to streamlining tactics and meeting the demands of the swiftly evolving electric market.

DRIVING FACTORS

"Automation and Efficiency to Drive the Market Advancement"

Industrial logistics robots market growth are witnessing massive demand due to their potential to automate repetitive obligations and streamline operations, leading to more suitable efficiency across various industries . These robots considerably lessen guide hard work necessities, minimize mistakes, and optimize tactics, resulting in fee financial savings and improved productiveness. By automating duties like cloth coping with, sorting, and packaging, companies can reap faster throughput prices and hold regular high-quality standards. This fashion is pushed via the want to fulfill developing customer needs whilst optimizing aid usage and retaining competitiveness in the global market.

"Technological Advancements and Innovation to Expand the Market"

The industrial logistics robots market is propelled by continuous technological advancements and innovative solutions aimed at enhancing robotic capabilities and functionalities. Advancements in sensor technology, artificial intelligence, and device learning permit robots to evolve to dynamic environments, collaborate competently with human workers, and perform complex responsibilities with precision and reliability. Integration of IoT (Internet of Things) and cloud computing enables actual-time records monitoring and faraway operation, similarly improving operational performance and selection-making procedures. Additionally, improvements in robot grippers, navigation structures, and battery technologies contribute to the expansion of robot packages and the improvement of extra versatile and adaptable answers. These improvements force market growth by means of addressing evolving industry needs and unlocking new opportunities for automation in logistics operations.

RESTRAINING FACTOR

"Supply Chain Disruptions Pose Potential Impediments to the Market Growth "

Supply chain disruptions, exacerbated by using activities much like the COVID-19 pandemic, pose a vast restraint on the Industrial Logistics Robots marketplace. Disruptions inside the go along with the waft of uncooked substances, components, and finished goods impact production operations, hindering the adoption of logistics robots. Delays in manufacturing and transport schedules lessen the instant need for automation solutions, as businesses prioritize stabilizing their supply chains. Additionally, uncertainties in worldwide exchange rules and geopolitical tensions further make contributions to the challenges faced via corporations in imposing robotics answers for logistics, dampening marketplace increase opportunities inside the quick term.

• 

  Request a Free Sample to learn more about this report

INDUSTRIAL LOGISTICS ROBOTS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America to Dominate the Market due to Favorable Regulatory Policies"

Asia Pacific is poised to play the dominant feature inside the Industrial Logistics Robots Market. This region's foremost function is attributed to several factors, which consist of speedy industrialization, booming e-trade sports, and terrific investments in automation technology with the resource of global places like China, Japan, and South Korea. The presence of most essential production hubs, coupled with the developing adoption of robotics and automation to decorate operational performance and cope with labor shortages, similarly strengthens Asia Pacific's position. Additionally, supportive government initiatives and favorable regulatory policies selling the adoption of commercial robotics make contributions to the location's prominence within the marketplace.

KEY INDUSTRY PLAYERS

"Key Players Transforming the ""Market ""Landscape through Innovation and Global Strategy"

Key players in the Industrial Logistics Robots Market drive innovation, set enterprise requirements, and form market dynamics through their studies and development efforts, strategic partnerships, and acquisitions. They play a essential function in advancing automation technologies, improving performance, and meeting the evolving demands of industrial logistics operations worldwide.

LIST OF MARKET PLAYERS PROFILED

• KUKA (Swisslog) (Switzerland)
• Daifuku (Japan)
• Knapp (Austria)

INDUSTRIAL DEVELOPMENT

March, 2022: ABB, a tech robotic massive is growing six-axis and operation-particular robots which could remedy complex logistics and manufacturing operations, thereby surging the demand for logistic robots.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Industrial Logistics Robots Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth. This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.