Global Logistics Robot Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021-2025 - (By Type Coverage, Application Coverage, Industry Coverage, By Geography, Leading Companies)
Published Date: Feb 2022 |
Format:
| No. of Pages: 132
Industry: Automotive & Transport | Author Name: Mohit
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.
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