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  February 17th, 2023 | Written by

Logistics Robots Prove to be Efficient Substitutes for Conventional Belt Conveyer System

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Logistics Robots Prove to be Efficient Substitutes for Conventional Belt Conveyer System, Rendering Growth Opportunities for Global Logistics Robot Market

The global logistics robot market has undergone a rapid acceleration in demand across all regions. The technology has proved to be indispensable for large-scale business operations. Logistics robots automate the processes of storing and moving goods throughout the supply chain. This provides enhanced levels of uptime, higher productive hours, and less chance of manual error, thus ensuring a greater productivity to end use. 

The utilization of robots in logistics networks embodies a competent substitute to the usual belt conveyor system. These robots are intelligent devices armed with sensors, manipulators, control systems, power, and software to perform tasks resourcefully. Warehouse integration and robotic technology has helped safeguard precision and automation, while increasing storage space and operational efficiency.

According to a recent study by Fairfield Market Research, the global logistics robot market is expected to be worth US$12,739.1 Mn by 2025 from US$807.2 Mn in 2017, growing at a staggering CAGR of 23.7% during the forecast period 2021-2025.

Expanding and Demanding Consumer Base Expected to be a Key Driver of Growth for Global Logistics Robot Market 

The consumer base of today commands convenience, ease, and an expeditious delivery of goods and services. This has compelled majority retailers to accelerate their businesses’ transition to digitization. To secure efficient order fulfillment, retailers are rapidly turning to automation and robotic solutions to meet deadlines and get a real-time view of their operations. This has inflated the demand for logistics robots in the global logistics robot market. During the forecast period, the e-commerce sector is expected to grow at the fastest rate.

Other key drivers of overall market growth include cost efficiency, saving time, and premium quality. There has been a strong demand for automation globally. With strict safety rules, companies are now using robots for hazardous and hazardous environments. The technological breakthrough has made the integration more flexible and easier. Furthermore, it speeds up the process of transportation of goods and confirms higher levels of safety among the workers.

North America Reported Highest Market Share in Global Logistics Robot Market, Expected to Maintain Dominance Throughout Forecast Period

North America has been witnessing robust adoption of robotic technologies by logistics organizations, and a growing emphasis on the automation of logistics processes. As the cost of labor climbs an ever-increasing bandwagon, the potential of logistics robots to reduce operating costs is pushing the regional market forward. 

The Asia Pacific region is also expected to experience a fast-paced growth. This owes to the region’s increasing orientation towards automation. China, specifically, is forecasted to undergo the highest CAGR in the region. This owes to the country’s consistent efforts to stay on board with the soaring global competition. 

Some key players in the global logistics robot market are Aethon (St Engineering Ltd), Kuka Ag, Mobile Industrial Robot Aps (Teradyne, Inc.), Greyorange, Amazon Robotics, Asic Robotics Ag, Omron Adept Technologies, Inc. (Omron Corporation), Savioke, Clearpath Robotics Inc., and Fetch Robotics, Inc.

About Us 

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.