The Logistics Robots Market Size is rapidly expanding, propelled by technological advancements, consumer demands, and emerging business models. As industries rely more on cutting-edge solutions, understanding market dynamics becomes critical for businesses to thrive. This article provides a detailed overview of the Logistics Robots Market, including its size, share, key companies, regional trends, and frequently asked questions, to assist you in staying informed and making data-driven decisions.
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Logistics Robots Market Overview: Size and Growth Projections
The global Logistics Robots Market is projected to grow from USD 6.17 billion in 2021 to USD 21.01 billion by 2029, at a CAGR of 16.7% during the forecast period. and recent industry developments are:
- FANUC Corporation launched advanced LR-10iA/10 robots. These robots are compact and suitable for companies with limited floor space. These robots fit into machine tools for loading and unloading the parts. The LR-10iA/10 solution helps distribution centers, logistics warehouses, and manufacturers overcome obstacles associated with labor shortages and also reduces operating costs.
- Toyota Industries Corporation launched a global autonomous vehicle software development firm, T-Hive. The new firm T-Hive would provide a control system and industrial logistics robotics solutions, including automated guided forklifts, automated guided vehicles, and autonomous mobile robots. The new firm was established to meet the robots' growing demands for its customers.
- ABB Ltd. launched collaborative robots named SWIFTI and GoFa cobot, offering high payloads and speeds for logistics and other industries. These cobots can deliver more robust, faster automation in several industries, including healthcare, electronics, consumer goods, logistics, food and beverages, and others.
- Kion Group AG partnered with Fraunhofer IML to develop swarm robots for warehouse management. The partnership made a logistic robots project and developed ‘the LoadRunner’ robot for warehousing. The next generation of autonomous transport vehicles revolutionizes intralogistics solutions with Artificial Intelligence (AI) technology. Swarm robotics simplifies the warehouses—with KION as the exclusive champion of the new technology.
- Toshiba Corporation’s subsidiary firm Toshiba Machine launched collaborative robots. With SCARA duo-arm and humanoid duo-arm cobots, the company expanded its robot line and prepared to do business as Shibaura Machines.
The Logistics Robots Market is experiencing significant growth as demand increases across multiple industries. With technological advancements and expanding applications, the market size is expected to steadily increase in the coming years, fueled by innovations and a growing emphasis on efficiency.
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Logistics Robots Market Share: Who’s Leading the Pack?
In the highly competitive Logistics Robots Market, a few leading companies control a sizable portion of the market. These key players are driving the pace through innovation, strategic partnerships, and acquisitions. Here's a quick look at some of the leading companies shaping the market:
- ABB Ltd (Switzerland)
- KUKA AG (Germany)
- Toyota Industries Corporation (Japan)
- Fanuc Corporation (Japan)
- Yaskawa Electric Corporation (Japan)
- Kion Group Ag (Germany)