Fairfield Market Research
Logistics Robot Market

Logistics Robot Market

Global Industry Analysis (2017 - 2020) - Growth Trends and Market Forecast (2021 - 2025)

Published Date: Feb 2022 | Format: | No. of Pages: 132

Industry: Automotive & Transport | Author Name: Mohit

Logistics robots are used for automating the process of storage and movement of goods in warehouses and storage facilities. These robots can perform repeated movements over sustained periods with ease, ensuing operational efficiency. They assist workers with the inventory picking process and deliver critical improvements in speed, control, accuracy, and productivity whilst complying with worker safety norms. These factors have increased the scope of the global logistics robot market in supply chain and warehouse operations. 

According to Fairfield Market Research, the global logistics robot market is expected to be worth US$12,739.1 Mn by 2025 from US$807.2 Mn in 2017, registering a CAGR of 23.7% during the forecast period 2021-2025.

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E-Commerce Revolution Creates Unprecedented Opportunities for Global Logistics Robot Market

One of the biggest challenges for the logistics industry is availability of labor. The problem is compounded with soaring e-commerce sector. Thus, solutions offered by the global logistics robot market bridge the gap between the two, creating a seamless function.

The increase in the number of logistics and warehousing companies across the globe have led to an exponential demand of logistics robots for efficient operation. Companies are also increasing their budgets for adopting advanced robotic systems to improve their supply chain or warehouse operation and efficiency.

For instance, XPO Logistics is focused on adopting effective technology to optimize the operational efficiency of its warehouses. The company is spending more than US$500 Mn annually on technology innovation for warehouse operation. DHL International will also follow suit by investing US$300 Mn in emerging technologies in the U.S. and Canadian distribution centers. 

AI to Machine Learning Emerge as Key Technologies in Global Logistics Robot Market

Artificial intelligence (AI), computer vision, cloud computing, and machine learning are some of the technologies being integrated in development of logistics robots. Report finds that artificial intelligence is expected to offer demand predictions, modify orders, and re-route products in transit. Furthermore, users can adjust orders according to these predictions and have the in-demand goods delivered to local warehouses as needed.

Computer vision technology used in warehousing will allow recognition and organization of items. In the future, this type of technology will help perform quality control and eliminate the need for human supervision. For instance, Israeli automation startup Musashi AI, a joint venture between SixAI Ltd. and Musashi Seimitsu, has developed autonomous forklifts, visual quality control inspectors, and an artificial intelligence-based fleet management platform for logistics robots. The company has utilized edge computing, advanced optics, and AI for real-time mapping, swarm navigation, and collision detection and control. 

Urgent Need for Factory Automation During COVID-19 Pandemic to Propels Global Logistics Robot Market Growth 

The COVID-19 pandemic led to rapid decline of brick-and-mortar retail establishments and accelerated e-commerce, creating a massive logistical challenge for warehouse and distribution center operators. Companies such as Locus Robotics and 6 River Systems, as well as Outrider, become integral provider logistics robots to several warehousing and logistics companies who were looking to improve productivity and reduce reliance on physical labor during the 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. 

Global Logistics Robot Market Finds Significant Opportunity With Government and Venture Capital Funding

Governments across several countries are investing heavily in robotics. The U.S. government has invested more than US$96 Mn through university grants for research and development. In 2012, the U.S. Federal Government approved grants worth US$50 million for more than 30 university groups.

In April 2015, the Chinese Government announced plans to develop a $200 million robotics research center in collaboration with Russia. Additionally, many startup companies have been backed by venture capital investors to develop next-generation robots using the research from university studies.

Rethink Robotics, a provider of logistics robots, is one such startup which has managed to raise US$113 Mn in capital investment to develop and advance its logistics robot called “Baxter”. Similarly, Fetch Robotics raised around US$23 Mn. Big technology giants such as Google and Amazon have also started funding for the development of robotics technology. In 2013, Amazon spent US$775 Mn to buy Kiva, a startup robotics company with a focus on warehouse logistics. Google LLC has acquired eight startup robotics companies. These are all indicative of exceptional growth opportunities in the global logistics robot market in the coming five years.

Automated Guided Vehicles (AGV) Type Dominates Global Logistics Robot Market

Global automated guided vehicle (AGV) systems dominates the market, accounted for 42.6% market share in 2020. AGV systems are fully autonomous robots that move and transport items in production, warehouse, and distribution centers without manual intervention or permanent conveying systems. The use of AGV enables just-in-time delivery of raw material, electronic control of assembled parts, and tracking of shipped goods.

Furthermore, it helps to store, distribute, and transport material without human intervention, thereby ruling out the possibilities of injuries to workers or damage to products. This leads to reducing labor costs for a long-term perspective in warehouses in many ways. For instance, by replacing a human worker with an AGV, a company pays a one-time expense for the equipment—the initial investment—contrary to various ongoing costs relevant to labor. These economical benefits are expected to bode well for the segment in the global logistics robot market.

E-commerce Sector Expected to Account for Highest Market Share by 2025

Deployment of logistics robots is increased by retail companies due to e-commerce revolution. The advancement in internet penetration, which is encouraging online shopping is expected to support the growth of the e-commerce sector. This will directly lead to incredible adoption of logistics robots as companies will want to bring in quality in packaging, storage, distribution, and ensure timely deliveries to gain a competitive edge. E-commerce sector is expected to create US$2,751.5 Mn an incremental opportunity during 2021-2025 globally.

For instance, Liberty Hardware, a consumer goods company based in the U.S has experienced a spike in e-commerce sales from 2019. Along with increased order volume, the company’s lead times shrank from 48 hours to 24 hours to same-day shipment. To meet the requirements, the company has deployed 16 logistics robots, “Chucks”, developed by 6 River System in January 2021. With this deployment, the company has doubled order pick rate. Also, Liberty Hardware has improved training speed, doubled their pick rates and their employee turnover rate decreased from 25% to 3%. In light of these trends, e-commerce will hold a lion’s share in the global logistics robot market during the forecast period.

Asia Pacific Logistics Robot Market to See Accelerated Growth as E-Commerce Space Expands

Asia Pacific is expected to surge at the fastest pace, growing by 26.2% over the forecast period. 

The growth is due to the expansion of the e-commerce sector. The rising number of the online customer is enforcing retail companies to adopt automation technologies for faster and efficient operations. The number of online customers across APAC, especially in India, China is increasing rapidly in last 4-5 years. In addition, the coronavirus outbreak and subsequent lockdown have led to a major shift in the shopping behavior of people. During COVID-19, the preference of consumers for online shopping is changed drastically which leads to increase demand for logistics robots. Shortage of workforce and rise in the labor cost and wages, especially in low populated countries such as Japan and Canada further boost the market growth in the coming years. 

Global Logistics Robot Market: Competitive Landscape

Global logistics robot market is fragmented as it comprises of many small-medium size and start-up companies. In 2020, Amazon Robotics (formerly Kiva Systems) has accounted for 8.7% market share while 6 River Systems has accounted for 2.5% market share in 2020. Geek+ and GreyOrange have accounted for 3.5% and 2.6% market share in 2020 respectively

The big companies are entering the global logistics robot market through acquisition of smaller player operating in logistics robotic area. For instance, in March 2012, Amazon has acquired Kiva System, in September 2019, Shopify has acquired 6 River Systems in July 2021, Zebra Technologies has acquired Fetch Robotics, in October 2019, Teradyne has acquired AutoGuide Mobile Robots and among others. The companies operating in the market are focusing on new product launch for gaining a competitive edge.

For instance, in August 2021, Mobile Industrial Robots (MiR), a provider of autonomous mobile robots (AMRs), has launched two robots “MiR600 and MiR1350 robots” for transporting pallets and other heavy items around manufacturing facilities, warehouses, and logistics centers. The robots are designed to safely and efficiently perform material handling tasks in challenging industrial environments.

The Global Logistics Robot Market is Segmented as Below:

Type Coverage

  • Automated Guided Vehicle (AGV)
  • Autonomous Mobile Robots (AMR)
  • Robot Arms

Application Coverage

  • Pick and Place
  • Sorting
  • Transportation
  • Others

Industry Coverage

  • E-commerce
  • Retail
  • Manufacturing
  • Consumer Goods
  • Others

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • UAE
    • Rest of Middle East & Africa

Leading Companies

  • Amazon Robotics (formerly Kiva Systems)
  • Locus Robotics
  • Fetch Robotics
  • inVia Robotics, Inc.
  • 6 River Systems
  • IAM Robotics
  • Geek+
  • ForwardX Robotics
  • GreyOrange
  • Rethink Robotics GmbH

Inside This Report You Will Find:

1. Executive Summary
2. Market Overview
3. Shipment Analysis, 2017 - 2025
4. Price Trend Analysis
5. Global Logistics Robot Market Outlook, 2017 - 2025
6. North America Logistics Robot Market Outlook, 2017 - 2025
7. Europe Logistics Robot Market Outlook, 2017 - 2025
8. Asia Pacific Logistics Robot Market Outlook, 2017 - 2025
9. Latin America Logistics Robot Market Outlook, 2017 - 2025
10. Middle East & Africa Logistics Robot Market Outlook, 2017 - 2025
11. Competitive Landscape
12. Appendix

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1. Executive Summary
     1.1. Global Logistics Robots Market Snapshot
     1.2. Global Logistics Robots Market Fairfield Analysis

2. Market Overview
     2.1. Market Dynamics
            2.1.1. Driver
            2.1.2. Restraint
            2.1.3. Opportunity
     2.2. COVID-19 Impact
     2.3. Eco-System Analysis
     2.4. Logistics Robots Vendor Landscape
     2.5. Porters Five Forces
     2.6. Logistics Robots Timelines
     2.7. Logistics Robots End User Analysis
     2.8. Market Trends
     2.9. Key Investment
     2.10. Microeconomic Outlook

3. Shipment Analysis, 2017 - 2025
     3.1. Global Logistics Robots Shipment Analysis (Million Units), 2017 - 2025

4. Price Trend Analysis

5. Global Logistics Robots Market Outlook, 2017 - 2025

     5.1. Overview
     5.2. Global Logistics Robots Revenue (US$ Mn) by Type
            5.2.1. Automated Guided Vehicle (AGV)
            5.2.2. Autonomous Mobile Robots (AMR)
            5.2.3. Robot Arms
            5.2.4. Others
     5.3. Global Logistics Robots Revenue (US$ Mn) by Application
            5.3.1. Pick and Place
            5.3.2. Sorting
            5.3.3. Transportation
            5.3.4. Others
     5.4. Global Logistics Robots Revenue (US$ Mn) by Industry
            5.4.1. E-commerce
            5.4.2. Retail
            5.4.3. Manufacturing
            5.4.4. Consumer Goods
            5.4.5. Others
     5.5. Global Logistics Robots Revenue (US$ Mn) by Region
            5.5.1. North America
            5.5.2. Europe
            5.5.3. Asia Pacific
            5.5.4. Latin America
            5.5.5. Middle East & Africa

6. North America Logistics Robots Market Outlook, 2017 - 2025
     6.1. Overview
     6.2. North America Logistics Robots Revenue (US$ Mn) by Type
            6.2.1. Automated Guided Vehicle (AGV)
            6.2.2. Autonomous Mobile Robots (AMR)
            6.2.3. Robot Arms
            6.2.4. Others
     6.3. North America Logistics Robots Revenue (US$ Mn) by Application
            6.3.1. Pick and Place
            6.3.2. Sorting
            6.3.3. Transportation
            6.3.4. Others
     6.4. North America Logistics Robots Revenue (US$ Mn) by Industry
            6.4.1. E-commerce
            6.4.2. Retail
            6.4.3. Manufacturing
            6.4.4. Consumer Goods
            6.4.5. Others
     6.5. North America Logistics Robots Revenue (US$ Mn) by Country
            6.5.1. The U.S.
            6.5.2. Canada
            6.5.3. Rest of North America

7. Europe Logistics Robots Market Outlook, 2017 - 2025
     7.1. Overview
     7.2. Europe Logistics Robots Revenue (US$ Mn) by Type
            7.2.1. Automated Guided Vehicle (AGV)
            7.2.2. Autonomous Mobile Robots (AMR)
            7.2.3. Robot Arms
            7.2.4. Others
     7.3. Europe Logistics Robots Revenue (US$ Mn) by Application
            7.3.1. Pick and Place
            7.3.2. Sorting
            7.3.3. Transportation
            7.3.4. Others
     7.4. Europe Logistics Robots Revenue (US$ Mn) by Industry
            7.4.1. E-commerce
            7.4.2. Retail
            7.4.3. Manufacturing
            7.4.4. Consumer Goods
            7.4.5. Others
     7.5. Europe Logistics Robots Revenue (US$ Mn) by Country
            7.5.1. U.K.
            7.5.2. Italy
            7.5.3. France
            7.5.4. Rest of Europe

8. Asia Pacific Logistics Robots Market Outlook, 2017 - 2025
     8.1. Overview
     8.2. Asia Pacific Logistics Robots Revenue (US$ Mn) by Type
            8.2.1. Automated Guided Vehicle (AGV)
            8.2.2. Autonomous Mobile Robots (AMR)
            8.2.3. Robot Arms
            8.2.4. Others
     8.3. Asia Pacific Logistics Robots Revenue (US$ Mn) by Application
            8.3.1. Pick and Place
            8.3.2. Sorting
            8.3.3. Transportation
            8.3.4. Others
     8.4. Asia Pacific Logistics Robots Revenue (US$ Mn) by Industry
            8.4.1. E-commerce
            8.4.2. Retail
            8.4.3. Manufacturing
            8.4.4. Consumer Goods
            8.4.5. Others
     8.5. Asia Pacific Logistics Robots Revenue (US$ Mn) by Country
            8.5.1. China
            8.5.2. India
            8.5.3. Japan
            8.5.4. Rest of Asia Pacific

9. Latin America Logistics Robots Market Outlook, 2017 - 2025
     9.1. Overview
     9.2. MEA Logistics Robots Revenue (US$ Mn) by Type
            9.2.1. Automated Guided Vehicle (AGV)
            9.2.2. Autonomous Mobile Robots (AMR)
            9.2.3. Robot Arms
            9.2.4. Others
     9.3. MEA Logistics Robots Revenue (US$ Mn) by Application
            9.3.1. Pick and Place
            9.3.2. Sorting
            9.3.3. Transportation
            9.3.4. Others
     9.4. MEA Logistics Robots Revenue (US$ Mn) by Industry
            9.4.1. E-commerce
            9.4.2. Retail
            9.4.3. Manufacturing
            9.4.4. Consumer Goods
            9.4.5. Others
     9.5. MEA Logistics Robots Revenue (US$ Mn) by Country
            9.5.1. Brazil
            9.5.2. Rest of Latin America

10. Middle East & Africa Logistics Robots Market Outlook, 2017 - 2025
     10.1. Overview
     10.2. MEA Logistics Robots Revenue (US$ Mn) by Type
            10.2.1. Automated Guided Vehicle (AGV)
            10.2.2. Autonomous Mobile Robots (AMR)
            10.2.3. Robot Arms
            10.2.4. Others
     10.3. MEA Logistics Robots Revenue (US$ Mn) by Application
            10.3.1. Pick and Place
            10.3.2. Sorting
            10.3.3. Transportation
            10.3.4. Others
     10.4. MEA Logistics Robots Revenue (US$ Mn) by Industry
            10.4.1. E-commerce
            10.4.2. Retail
            10.4.3. Manufacturing
            10.4.4. Consumer Goods
            10.4.5. Others
     10.5. MEA Logistics Robots Revenue (US$ Mn) by Country
            10.5.1. UAE
            10.5.2. Rest of Middle East & Africa

11. Competitive Landscape
     11.1. Logistics Robots Vendor Assessment
     11.2. Logistics Robots Vendor Analysis
     11.3. Logistics Robots Market Share Analysis 2020
     11.4. Company Profile
            11.4.1. Amazon
                     11.4.1.1. Company Overview
                     11.4.1.2. Business Overview
                     11.4.1.3. Financial Overview
                     11.4.1.4. Strategic Overview
            11.4.2. Alibaba Group
                     11.4.2.1. Company Overview
                     11.4.2.2. Business Overview
                     11.4.2.3. Financial Overview
                     11.4.2.4. Strategic Overview
            11.4.3. Greek+
                     11.4.3.1. Company Overview
                     11.4.3.2. Business Overview
                     11.4.3.3. Strategic Overview
                     11.4.3.4. Key Development
            11.4.4. Fetch Robotics
                     11.4.4.1. Company Overview
                     11.4.4.2. Business Overview
                     11.4.4.3. Strategic Overview
                     11.4.4.4. Key Development
            11.4.5. Rethink Robotics GmbH
                     11.4.5.1. Company Overview
                     11.4.5.2. Business Overview
                     11.4.5.3. Strategic Overview
                     11.4.5.4. Key Development
            11.4.6. ForwardX Robotics
                     11.4.6.1. Company Overview
                     11.4.6.2. Business Overview
                     11.4.6.3. Strategic Overview
                     11.4.6.4. Key Development
            11.4.7. Clearpath Robotics
                     11.4.7.1. Company Overview
                     11.4.7.2. Business Overview
                     11.4.7.3. Strategic Overview
                     11.4.7.4. Key Development
            11.4.8. Locus Robots
                     11.4.8.1. Company Overview
                     11.4.8.2. Business Overview
                     11.4.8.3. Strategic Overview
                     11.4.8.4. Key Development
            11.4.9. Plus One Robotics
                     11.4.9.1. Company Overview
                     11.4.9.2. Business Overview
                     11.4.9.3. Strategic Overview
                     11.4.9.4. Key Development
            11.4.10. 6 River Systems
                     11.4.10.1. Company Overview
                     11.4.10.2. Business Overview
                     11.4.10.3. Strategic Overview
                     11.4.10.4. Key Development
            11.4.11. GreyOrange
                     11.4.11.1. Company Overview
                     11.4.11.2. Business Overview
                     11.4.11.3. Strategic Overview
                     11.4.11.4. Key Development

12. Appendix
     12.1. Research Methodology
     12.2. Glossary
     12.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2020

  

2017 - 2019

2021 - 2025 

Value: US$ Million

Volume: 1000 Units 

 

REPORT FEATURES

DETAILS

Type Coverage

  • Automated Guided Vehicle (AGV)
  • Autonomous Mobile Robots (AMR)
  • Robot Arms

Application Coverage

  • Pick and Place
  • Sorting
  • Transportation
  • Others

Industry Coverage

  • E-commerce
  • Retail
  • Manufacturing
  • Consumer Goods
  • Others

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • UAE
    • Rest of Middle East & Africa

Leading Companies

  • Amazon Robotics (formerly Kiva Systems)
  • Locus Robotics
  • Fetch Robotics
  • inVia Robotics, Inc.
  • 6 River Systems
  • IAM Robotics
  • Geek+
  • ForwardX Robotics
  • GreyOrange
  • Rethink Robotics GmbH

Report Highlights

Market Estimates and Forecast, Market Dynamics, Market Trends, Competition Landscape, Type-, Industry-, Region-, COVID-19 Impact Analysis, Pricing Analysis, Shipment Analysis

FAQs : Logistics Robot Market

Urgent need for factory automation in COVID-19 pandemic drives the global logistics robot’s market. The companies experienced the urgent need to automate their factories to avoid coronavirus spread. Logistics robots help to automate warehouse operation, increase operational efficiency and greater safety to workforce.

The global logistics robot market is expected to be worth US$12,739.1 Mn by 2025 from US$807.2 Mn in 2017, registering a CAGR of 23.7% during the forecast period 2021-2025.

Automated Guided Vehicle (AGV) has accounted for the highest market share in 2020 while Autonomous Mobile Robots (AMR) is expected to grow at the highest rate over the forecast period. Companies deploying AMRs to meet increased demand and improve in their warehouse’s productivity.

E-commerce industry is expected to account for the highest market share by 2025. Logistics robot are used in e-commerce sector for pick and place, transportation, and sorting applications.

Global logistics robot market is fragmented, comprises of many small-medium size and start-up companies. In 2020, top 11 vendors have accounted for 23.3% market share.

Our Research Methodology

Under uncertainty, traditional approaches to strategic planning can be downright dangerous. True ambiguity is no basis to forecast the future – degree of risk, the magnitude of circumstances, conditions and consequences are not known or unpredictable. To avoid dangerous binary views of uncertainty; strategic posture, moves and actions through market research is the best bet.

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