NEW YORK, July 14, 2022 /PRNewswire/ — Logistics robots include autonomous guided vehicles (AGVs) and mobile robot platforms that are used for moving objects in indoor as well as outdoor environments. According to the report “Logistics Robots Market by Application and Geography – Forecast and Analysis 2020-2024“, the market witnessed a YOY growth of 27.91% in 2020 and will witness a CAGR of 31.24% during the forecast period. The report is segmented by application (indoor and outdoor logistics and factory logistics) and geography (APAC, North America, Europe, South America, and MEA).
Five Forces Analysis
Threat of substitutes: There are few substitutes for logistics robots such as cobots, automated warehousing, artificial intelligence (AI), and robotic process automation in terms of applications. End users have few options to choose from for a particular application or usage. However, toward the end of the forecast period, the threat of substitutes will be moderate, as logistics robots will become more affordable due to reduced component prices and improved technological advances.
Vendor Insights
The logistics robots market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
ABB Ltd.
B2A Technology SAS
Clearpath Robotics Inc.
Kawasaki Heavy Industries Ltd.
KION GROUP AG
Midea Group Co. Ltd.
OMRON Corp.
Teradyne Inc.
Toshiba Corp.
Toyota Industries Corp.
Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read a Sample Report.
Geographical Market Analysis
APAC will provide maximum growth opportunities in the logistics robots market during the forecast period. According to our research, the region will contribute 48% of the global market growth during the forecast period. China and Japan are the two major markets in APAC. The presence of component manufacturers offering advanced sensor technologies at low costs will drive the logistics robots market growth in APAC during the forecast period.
Know more about this market’s geographical distribution along with a detailed analysis of the top regions. View our Report Snapshot
Key Segment Analysis
The logistics robots market share growth in the indoor and outdoor logistics segment will be significant during the forecast period. The growth of this segment will be driven by factors such as an increase in the adoption of logistics robots by end-users, such as warehouses, airports, harbors, logistics centers for parcel and mail orders, trans-shipment centers, and public buildings.
View a Report Sample: to know additional highlights and key points on various market segments and their impact in coming years.
Key Market Drivers & Challenges:
The good ROI offered by logistics robots is driving the logistics robots market growth. Logistics robots provide advantages such as low cost of equipment, adoption of advanced technologies such as machine learning logic, and the adoption of automation and robotics due to the rise of labor costs and stringent regulations in difficult working conditions.
Download a sample for highlights on market drivers & challenges that impact the logistics robots market.
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Logistics Robots Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 31.24% |
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Market growth 2020-2024 |
USD 6.42 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
27.91 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 48% |
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Key consumer countries |
US, China, Germany, Japan, and Canada |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., B2A Technology SAS, Clearpath Robotics Inc., Kawasaki Heavy Industries Ltd., KION GROUP AG, Midea Group Co. Ltd., OMRON Corp., Teradyne Inc., Toshiba Corp., and Toyota Industries Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value Chain Analysis: Industrial machinery
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by Application
5.1 Market segments
Exhibit 15: Application – Market share 2020-2025 (%)
5.2 Comparison by Application
Exhibit 16: Comparison by Application
5.3 Indoor and outdoor logistics – Market size and forecast 2020-2025
Exhibit 17: Indoor and outdoor logistics – Market size and forecast 2020-2025 ($ million)
Exhibit 18: Indoor and outdoor logistics – Year-over-year growth 2020-2025 (%)
5.4 Factory logistics – Market size and forecast 2020-2025
Exhibit 19: Factory logistics – Market size and forecast 2020-2025 ($ million)
Exhibit 20: Factory logistics – Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Application
Exhibit 21: Market opportunity by Application
6 Customer landscape
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 23: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 24: Geographic comparison
7.3 APAC – Market size and forecast 2020-2025
Exhibit 25: APAC – Market size and forecast 2020-2025 ($ million)
Exhibit 26: APAC – Year-over-year growth 2020-2025 (%)
7.4 North America – Market size and forecast 2020-2025
Exhibit 27: North America – Market size and forecast 2020-2025 ($ million)
Exhibit 28: North America – Year-over-year growth 2020-2025 (%)
7.5 Europe – Market size and forecast 2020-2025
Exhibit 29: Europe – Market size and forecast 2020-2025 ($ million)
Exhibit 30: Europe – Year-over-year growth 2020-2025 (%)
7.6 South America – Market size and forecast 2020-2025
Exhibit 31: South America – Market size and forecast 2020-2025 ($ million)
Exhibit 32: South America – Year-over-year growth 2020-2025 (%)
7.7 MEA – Market size and forecast 2020-2025
Exhibit 33: MEA – Market size and forecast 2020-2025 ($ million)
Exhibit 34: MEA – Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 35: Key leading countries
7.9 Market opportunity by geography
Exhibit 36: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
Exhibit 40: Impact of drivers and challenges
8.3 Market trends
9 Vendor Landscape
9.1 Vendor landscape
Exhibit 41: Vendor landscape
9.2 Landscape disruption
Exhibit 42: Landscape disruption
Exhibit 43: Industry risks
9.3 Competitive Scenario
10 Vendor Analysis
10.1 Vendors covered
Exhibit 44: Vendors covered
10.2 Market positioning of vendors
10.3 ABB Ltd.
Exhibit 46: ABB Ltd. – Overview
Exhibit 47: ABB Ltd. – Business segments
Exhibit 48: ABB Ltd. – Key offerings
Exhibit 49: ABB Ltd. – Segment focus
10.4 Alstef Group
Exhibit 50: Alstef Group – Overview
Exhibit 51: Alstef Group – Product and service
Exhibit 52: Alstef Group – Key offerings
10.5 Clearpath Robotics Inc.
Exhibit 53: Clearpath Robotics Inc. – Overview
Exhibit 54: Clearpath Robotics Inc. – Product and service
Exhibit 55: Clearpath Robotics Inc. – Key offerings
10.6 Kawasaki Heavy Industries Ltd.
Exhibit 56: Kawasaki Heavy Industries Ltd. – Overview
Exhibit 57: Kawasaki Heavy Industries Ltd. – Business segments
Exhibit 58: Kawasaki Heavy Industries Ltd. – Key offerings
Exhibit 59: Kawasaki Heavy Industries Ltd. – Segment focus
10.7 KION GROUP AG
Exhibit 60: KION GROUP AG – Overview
Exhibit 61: KION GROUP AG – Business segments
Exhibit 62: KION GROUP AG – Key offerings
Exhibit 63: KION GROUP AG – Segment focus
10.8 MIDEA GROUP
Exhibit 64: MIDEA GROUP – Overview
Exhibit 65: MIDEA GROUP – Business segments
Exhibit 66: MIDEA GROUP – Key offerings
Exhibit 67: MIDEA GROUP – Segment focus
10.9 OMRON Corp.
Exhibit 68: OMRON Corp. – Overview
Exhibit 69: OMRON Corp. – Business segments
Exhibit 70: OMRON Corp. – Key offerings
Exhibit 71: OMRON Corp. – Segment focus
10.10 Teradyne Inc.
Exhibit 72: Teradyne Inc. – Overview
Exhibit 73: Teradyne Inc. – Business segments
Exhibit 74: Teradyne Inc. – Key offerings
Exhibit 75: Teradyne Inc. – Segment focus
10.11 Toshiba Corp.
Exhibit 76: Toshiba Corp. – Overview
Exhibit 77: Toshiba Corp. – Business segments
Exhibit 78: Toshiba Corp. – Key offerings
Exhibit 79: Toshiba Corp. – Segment focus
10.12 Toyota Industries Corp.
Exhibit 80: Toyota Industries Corp. – Overview
Exhibit 81: Toyota Industries Corp. – Business segments
Exhibit 82: Toyota Industries Corp. – Key offerings
Exhibit 83: Toyota Industries Corp. – Segment focus
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 84: Currency conversion rates for US$
11.3 Research methodology
Exhibit 85: Research Methodology
Exhibit 86: Validation techniques employed for market sizing
Exhibit 87: Information sources
11.4 List of abbreviations
Exhibit 88: List of abbreviations
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