The Mobile Logistics Robot Market is segmented by Industrial Vertical (Healthcare, Factory/Warehouse, Hospitality, Others), by Function Type (Pick & Place, Palletizing & De-palletizing, Transportation, Packaging), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The Mobile Logistics Robot Market is segmented by Industrial Vertical (Healthcare, Factory/Warehouse, Hospitality, Others), by Function Type (Pick & Place, Palletizing & De-palletizing, Transportation, Packaging), and by Region ...
The Global Mobile Logistics Robot Market was estimated at US$ 7.15 billion in 2022 and is expected to grow at a healthy CAGR of 10.4% during 2023-2029 to reach US$ 14.33 billion by 2029.
A mobile logistics robot is a type of robotic system used in logistics and warehouse settings to automate the movement of goods and materials. These robots are equipped with sensors, cameras, and other technologies that allow them to navigate through the facility, avoiding obstacles and interacting with their environment. Mobile logistics robots can be programmed to perform a variety of tasks, such as picking and transporting items, replenishing inventory, and even interacting with other automated systems in the facility. They can operate autonomously, without the need for human intervention, or work collaboratively with human workers.
The benefits of using mobile logistics robots include increased efficiency, productivity, and accuracy, as well as reduced labor costs and improved safety. As the technology continues to advance, mobile logistics robots are expected to become increasingly prevalent in warehouse and logistics operations, helping to streamline processes and improve overall performance.
Market Dynamics
The future growth of the mobile logistics robot market is expected to be driven by various factors, including the growing need for workplace safety among workers and an increased demand from online retailers. Nevertheless, the market faces significant challenges such as high initial acquisition costs and difficulties in working in untested environments, which hinder its growth prospects. However, the emergence of Industry 4.0 in logistics and warehousing, as well as the expansion of mobile logistics robots in emerging economies, are expected to create lucrative opportunities for the market on a global scale. These factors are expected to either drive or hamper the growth of the mobile logistics robot market.
Growing need for worker's safety in the workplace
The global demand for automation has been on the rise as companies aim to reduce costs, save time, and improve the quality of their products. Warehouse robotics are particularly attractive due to their versatility and ease of integration, as they can operate safely around human workers while maintaining high levels of autonomy.
Moreover, with increasingly stringent safety regulations, companies are now turning to robots to handle dangerous environments. Technological advancements have also made integration more flexible and easier, allowing for faster transportation of goods and higher levels of safety for workers. These factors are expected to significantly drive the growth of the mobile logistics robot market.
High initial cost
The adoption of mobile logistics robots among end-users is constrained by high installation costs and the required integration capabilities for initial setup. The use of high-quality hardware and efficient software control systems in robotics systems results in high initial investment and maintenance costs.
This high cost of investment limits the use of mobile robotics in logistics and warehouse segments, with their predominant use being in manufacturing, automotive, food & beverage, and other industries. The substantial initial investment required for robotics limits their use primarily to heavy manufacturing firms, with the automotive industry being a major user.
Small and medium-sized enterprises (SMEs) are hesitant to adopt robotic solutions due to the high setup and maintenance costs, which hinder the growth of the mobile logistics robot market globally.
Evolutions of Industry 4.0 into Logistics and Warehousing
The increase in networking of industrial production has led to a greater need for intelligent logistics solutions. Industry 4.0 in logistics and warehousing is rapidly gaining ground due to automation and the widespread availability of computing power. This technology harnesses the interconnectivity of machines and their processing capabilities to enable autonomous production methods powered by the Internet of Things (IoT).
The emergence of Industry 4.0 represents a significant step forward in forming connections between machines, the physical environment, and people, creating lucrative opportunities for the growth of the mobile logistics robot market globally.
Growth and expansion of the e-commerce market
The deployment of logistics robots has significantly increased in the e-commerce industry. To keep up with distribution timetables and satisfy the demands of online consumers, wholesalers are increasingly turning to automation solutions that leverage robotics to perform repetitive tasks.
Additionally, the effective integration of digital automation networks enables businesses to have a precise picture of their operations, allowing shipping companies, manufacturers, and other businesses to quickly assess the situation of their operations.
This function is particularly important for the e-commerce sector, which is primarily concerned with meeting the requirements of their consumers on time. This trend is expected to contribute to the growth of the market.
Segments Analysis
Regional Analysis
The Asia Pacific region is expected to experience the highest growth in the mobile logistics robot market in the coming years, primarily due to the presence of a large number of manufacturing businesses in the region. China is one of the major buyers of logistics robots in the Asia Pacific region, and in terms of robot density, it is significantly ahead of other countries.
In addition to the presence of a large number of manufacturing businesses, the Asia Pacific region is seeing significant government investment in healthcare infrastructure, which is driving the adoption of medical robotics. For instance, medical institutions in Japan are increasingly replacing traditional open surgery with minimally invasive techniques, single-incision surgery, and robotic surgery.
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Furthermore, the growth and expansion of the e-commerce sector in the region are fostering demand for mobile logistics robots. Emerging countries like India and China are expected to become major contributors to market share in the region. China is one of the leading consumers in the market, with research showing that the country is well ahead of others in terms of robot density across various industries, including logistics, chemicals, automotive, electronics, and others.
Market players such as ABB, KION GROUP AG, FANUC CORPORATION, and others are adopting merger and acquisition strategies to improve their penetration rate in the Chinese logistics robotics market. The Chinese government is planning to rely on robots over human laborers due to the aging population.
To establish a stronger and more efficient supply chain, manufacturers are trying to expand their direct customer reach and operate more effectively by targeting opportunistic locations and regions within the local market.
Key Players
The major players operating in the global mobile logistics robot market are:
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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In-depth Analysis of the Mobile Logistics Robot Market
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Global, regional, and country-level historical data and forecasts
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Market Segment Analysis and Forecast
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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Recent Developments
In December 2022, OMRON, a factory automation solution provider, opened its 1st Automation Center exclusively catering the logistics industry in Singapore, South-East Asia, and Oceania.
In June 2022, Amazon launched its first fully autonomous mobile robot for moving large carts throughout its warehouses.
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A mobile logistics robot is a type of robotic system used in logistics and warehouse settings to automate the movement of goods and materials. These robots are equipped with sensors, cameras, and other technologies that allow them to navigate through the facility, avoiding obstacles and interacting with their environment.
The major players operating in the global Mobile Logistics Robot market are Aethon (ST Engineering Ltd), Asic Robotics AG, Amazon Robotics, Clearpath Robotics Inc., Fetch Robotics Inc., Greyorange, KUKA AG, Mobile Industrial Robot Aps (Teradyne Inc.), Omron Adept Technologies Inc. (Omron Corporation), Savioke.
