27 June 2019, Global logistics
robots market is anticipated to witness an exponential
growth in the forecast period. Logistics robots imply automated machines that
speed up the productivity of logistics processes. The use of robots in logistic
networks assists as a competent substitute to the customary belt-based
transportation system.
The factors that propel the growth of the
market include growing e-commerce segment, implementation of logistics robots,
development in internet penetration, growing preference for online shopping,
increasing scheme capital investments and high productivity at low cost and
improved accuracy. On the other hand, there are factors that may hamper the
growth of the market including the lack of technical expertise, the initial
high cost of installation and lack of consciousness. Logistics robots market is
anticipated to expand at a significant CAGR of 28.36% in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
The emerging trend in the logistics robots
market is the development of the e-commerce segment. The e-commerce segment has
been observing high development due to the ever-increasing internet penetration
and an increase in the acceptance of online shopping. The timely delivery and
quality of packaging are the differentiating factors for any e-commerce player.
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Market could be explored by component,
operation environment, product type, application, end user and geography.
Market by component could span software and hardware. Based on the operation
environment, the market could span outdoor, warehouse, factory, and others. The
market based on product type comprise unmanned aerial vehicles (UAVs), robotic
arms, and unmanned ground vehicles (UGVs).
The key applications that could be
explored in the market include loading & unloading, pick & place, shipment
& delivery, packaging & co-packing, and others. The market could be
explored based on the end user as e-commerce, automotive, pharmaceuticals,
electrical and electronics, food and beverages, and others. The “e-commerce”
segment led the logistics robots market in 2015 and will continue to lead in
the forecast period. The key factor that may be attributed to the growth of the
market includes high growth rate.
Asia-Pacific accounted for the major
share of the logistics robots industry in 2017 and will continue to lead in the
forecast period. The factors that could be attributed to the growth include the
demand for labor, development of the e-commerce industry in the region and
growing demand for logistics services and robots. Asia-Pacific is followed by
the North American region.
Some of the key players that fuel the
growth of the logistics robots market comprise Fanuc India Private Limited, ABB
Robotics, Kuka AG, Kawasaki Heavy Industries, Ltd., Yaskawa America, Inc.,
Columbia Okura LLC, I.M.A. Industria Machine Automatiche S.p.A., Krones AG,
Gebo Cermex, Asia Robotics AG, and Toshiba Corporation. The leading companies
are taking up partnerships, mergers and acquisitions, and joint ventures in
order to boost the inorganic growth of the industry.
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