Global Logistics Robots Market projected to grow at a CAGR of 22.40% between 2017 and 2023
The report published by Knowledge Sourcing Intelligence titled “Global Logistics Robots Market- Forecast From 2018 to 2023” studies the various factors affecting the demand for logistics robots across the globe. The report has been segmented by application (custom packaging, stationary piece picking, loading and unloading, transportation, storage, delivery, audits) and geography (North America, South America, Europe, Middle East, and Africa, Asia Pacific). These regions are further segmented into major economies with respect to the adoption of logistics robot over the past few years.
Increasing investment in the field of industrial automation by vendors coupled with rising use of robotics in the manufacturing industry are some of the major factors driving the demand for these robots. In addition, growing awareness and improvement in operational efficiency will further add to the growing demand for logistics robot in the developed regions of the world. SMEs in the developing and under developing countries with limited automation budget and slow rate of adoption will restrict the demand for these systems.
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Transportation is projected to witness a significant CAGR during the projected period
Increasing manufacturing output and operational efficiency offered by these robots for the transportation of goods in the warehouse and manufacturing facilities will boost the demand for these robots. Custom packaging held a significant market share in 2017 owing to the specialized needs of the manufacturer and a growing number of firms offering customized solutions suited to their needs.
The Asia Pacific is projected to hold a substantial market share throughout the forecast period
The Asia Pacific region holds a significant share in the market owing to the trend towards the adoption of industrial automation solution and rising robotic population at manufacturing facilities and warehouses in various countries such as Japan and South Korea, among others. Europe and North America will witness modest growth during the forecast period.
This report also includes a study of strategies and product portfolios of some of the leading companies in the global logistics robots market. It consists of company profiles of the leading companies such as Grey Orange Pte. Ltd., Epson America, Inc., Rethink Robotics, Locus Robotics, Amazon Robotics LLC, FANUC, and SIASUN CO., Ltd.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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