Logistics Robot Market Will be Worth US$12,739.1 Mn by 2025 From US$807.2 Mn in 2017

Logistics Robot Market is Estimated to be worth US$12,739.1 Mn By 2025, at a decent CAGR of 23.7%

The global logistics robot market is on track to record steady growth amidst growing preference for autonomous solutions in warehouses. Next-generation organizations have started to embrace advanced procurement and supply chain technologies to enhance their operations and performance. Owing to these emerging technologies, leading enterprises have succeeded in running agile, secure, and customer-centric processes. A key enabler in achieving mature digitalization in supply chain operations are logistics robots. They have emerged as a promising solution to realize efficiency across the supply chain owing to benefits such as greater levels of uptime, increased productivity, automating goods’ storage and movement processes, and reduced possibility of manual errors.

Fairfield Market Research finds that the global logistics robot market was valued at US$ 807.2 million in 2017 and by 2025, registering a robust CAGR of 23.7%, this is expected to reach US$12,739.1 Mn. Over the forecast period, for manufacturers, stakeholders, and major players in the global logistics robot market, there lies an incremental opportunity of US$ 9,181.1 Mn. As a result of these favorable developments, the logistics robot market is set to witness a surge in demand across all the regions of this market.

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Rising Demand for Highly Convenient and Quick Deliveries Positions Retail as the Leading End Use Industry The modern consumer makes purchase decisions based on ease, fast delivery, and convenience.

Due to this, businesses are rapidly integrating solutions that provide greater automation and autonomy to their operations. Now, retailers are turning to robotic solutions to offer lightningfast services and to get a bird’s eye view over their supply processes. In 2020, the retail industry’s market share in the logistics robot market was 26.3% – the highest among all other segments.

Over the study period, it is projected to continue its lead over other segments, moreover, inching

next to retail, the e-commerce industry is poised to mature at the fastest rate. In terms of logistics robot type, the Automated Guided Vehicle registered the highest share of 42.6% in 2020. During the forecast period of 2017-2025, the Autonomous Mobile Robots is projected to command the highest share. Given the COVID-19 scenario, the growing need for faster shipping times and more secure processes are the major reasons for market expansion based on logistics robot type.

Despite the promising outlook for the logistics robot market, concerns over the need for huge investments to incorporate logistics robot solutions can hamper rapid market expansion in the coming years. This challenge is more pronounced in developing economies where high initial costs can prevent industries from swiftly adopting logistics robot solutions. However, market leaders are expected to overcome these challenges through next-level partnerships and collaboration.

Robust Adoption of Advanced Technologies Makes North America the Regional Leader In 2020, with a market share of 37.6%, North America observed the highest market share in the global logistics robot market. North America is projected to sustain this market dominance in the future. The primary reasons for this include increase in labor costs, business priority to automate logistics, and sound adoption of robotic technologies. Further, Europe and APAC are also emerging regional leaders across the logistics robot market.

Key market leaders include Amazon Robotics, Geek+, 6 River Systems, Grey Orange Pte. Ltd., United Parcel Service, The Boeing Company, C.H. Robinson Worldwide, FedEx, Ryder Supply Chain Solutions, and DHL Supply Chain among others.

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