In terms of revenue, the global mobile robots in logistics market was valued at US$ 3,321.4 Mn in 2018 and is expected to reach US$ 18,965.6 Mn by 2029, growing at a CAGR of 20.04% over the forecast period. The growing demand for efficient management of warehousing process to enhance the productivity of organizations is strengthening the adoption of mobile robots in logistics globally. Logistics has undergone tremendous changes over the last few decades. From a solely operational function which ensured supply to the production lines and delivery to customers, now has evolved as an independent management function that optimizes the overall operation by providing faster delivery of products. The online retailers are remaking the entire logistics industry. Advanced technologies are being heavily adopted by these organizations, which is augmenting the presence of robots in warehouses to empower the logistic services. For instance, in October 2018, Fetch Robotics Inc., an automated solution provider, partnered with Honeywell International Inc. to provide autonomous mobile robots at its distribution centers to fulfill growing volumes of e-commerce orders. Hence, the growing demand for enhanced operational efficiency coupled with rising adoption of automated and unmanned solutions for logistics processes is anticipated to drive the mobile robots in logistics market over the forecast period.
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Logistics plays a very significant role in the e-commerce industry. The automation is helping the e-commerce and logistics companies to resolve business challenges with higher customer demand and labor shortages. For instance, InVia Robotics, a California based automation solution provider aids in increasing the warehouse productivity by offering a range of autonomous mobile robots that operates together for several warehouse tasks including inventory replenishment, cycle counting, and item verification. In order to optimize better outcomes while reducing human errors, online retailers are opting for mobile robots for their intra-logistic operations. Hence, a high demand for mobile robots among online retailers is accelerating the demand for mobile robots in logistics market globally.
The detailed research study provides a qualitative and quantitative analysis of the mobile robots in the logistics market. The market has been analyzed from demand as well as the supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply-side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Key Findings of the Report:
- In terms of revenue, global mobile robots in logistics market is expected to reach US$ 18,965.6 Mn by 2027 owing to growing need for automated warehousing management system.
- On the basis of vertical, e-commerce segment is expected to witness highest CAGR over the forecast period owing to rising demand from e-commerce vendors to fasten up the transportation process for efficient warehouse management.
- On the basis of region, the Asia Pacific is expected to register robust growth in the mobile robots in logistics market with the rise in manufacturing and transportation industry in this region.
- Some of the players operating in the mobile robots in logistics market Aethon, Fetch Robotics, Inc., KUKA AG, Vecna Robotics, OMRON CORPORATION, Savioke, Sarcos Robotics, GreyOrange pte ltd., Teradyne Inc. among others.
Global Mobile Robots in Logistics Market:
By Offerings
- Mobile Robots
- Mobile Robot Software
By Vertical
E Commerce
- Healthcare
- Hospitality
- Manufacturing
- Public Sector
- Others
By Function
- Pick and Place
- Transportation
- Palletizing and Depalletizing
- Packaging
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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