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Logistics Robots Market to Reach USD 14.95 Billion by 2027; Rising Demand for Complex Supply-chain Operations Will Add Impetus to Market, Says Fortune Business Insights™- Key Companies Covered in Logistics Robots Market Research Report are TOYOTA INDUSTRIES CORPORATION, ABB, FANUC, Kawasaki Heavy Industries, Ltd, Dematic, KUKA AG, Yaskawa America, Inc., Dematic, OMRON Corporation, Teradyne Inc., TOSHIBA CORPORATION, Other players PUNE, India, June 10, 2020 /PRNewswire/ -- The global logistics robots market size is prophesied to reach USD 14.95 billion by the end of 2027. The growth of this region is attributed to the increasing demand for complex supply-chain operations. Logistics robots are autonomous devices that can transport resources present in a logistic network. They store and move goods that are widely used in storage facilities and warehouses. According to a recent report by Fortune Business Insights titled, "Logistics Robots Market Size, Share & Industry Analysis, By Type (Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms and Others), By Application (Palletizing & De-palletizing, Pick & Place, Transportation, and Others), By Industry (E-commerce, Healthcare, Retail, Food & Beverages, Automotive and Others), and Regional Forecast, 2020-2027," the market value was USD 4.70 billion in 2019 and is expected to rise at a CAGR of 15.7% between 2020 and 2027. 
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/logistics-robots-market-102923 The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Click here to get the short-term and long-term impact of COVID-19 on this market. Please visit: https://www.fortunebusinessinsights.com/logistics-robots-market-102923 Highlights of the Report The report is based on qualitative and quantitative market analysis and discusses factors such as challenges, restraints, drivers, and opportunities. It also throws light on the main industry developments, current trends, and other interesting insights into the market. The report discusses the market segmentation in detail and lists the names and figures of the leading segment with market figures. Moreover, the report lists the names of players operating in the market and the important strategies adopted by them to stay put in the market competition. The report is available for sale on the company website. Drivers & Restraints- Boom in E-commerce Industry to Contribute Significantly to the Market The increasing implementation of advanced technology in the goods and service sector is a key factor boosting the logistics robots market growth. In addition to this, the booming e-commerce industry is also expected to aid in the expansion of the market in the coming years. The rising number of consumers purchasing online is propelling retailers to acquire the automation process for tedious and uncomfortable tasks. Robotic solutions can also help to map the delivery timelines, thereby adding impetus to the market in the coming years. On the contrary, setting up and maintenance costs of these robots is high especially in its initial stages, which poses a major challenge to the market. Also, the fact that small and medium scale retailers cannot invest in this solution may cause hindrance to the overall market in the coming years. Segment- Automated Guided Vehicles Segment to Hold Dominance Due to their Free Mobility Functionality Based on segmentation by type, the automated guided vehicles segment earned 44.4% logistics robots market share and emerged dominant. This is attributed to the fact that these vehicles are free to move around factories and warehouses and do not require any external infrastructure for operations. This, coupled with the presence of advanced technology is further expected to help this region continue dominating the market in the coming years. Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/logistics-robots-market-102923 Regional Analysis- North America to Dominate Owing to Presence of Smart Factories Region-wise, North America earned a revenue of USD 1.48 billion and emerged dominant on account of the increasing construction of distribution centers and arehouses across the region. In addition to this, heavy investments in the development of smart factories, warehouses with automated systems, industry 4.0, and others are likely to aid in the expansion of the regional market in the coming years. On the other hand, the Asia Pacific market is likely to witness a fast growth rate in the forecast period on account of the presence of notable players, rising e-commerce industry, and up-gradation of existing technologies. Competitive Landscape- Vecna Robotics Holding Prominent Shares Owing to Adoption of Multiple Marketing Strategies Various companies are engaging in the adoption of various technologies for gaining a strong foothold in the market. They are also engaging in joint ventures, partnerships, contracts and agreements, and other collaborative efforts with startup companies to generate more revenue. Among the various players operating in this market, Vecna Robotics emerged dominant on account of the presence of their strong supply chain, coupled with their quick adoption of robotic warehouse systems and various other marketing strategies for rapid sales. Major Industry Developments of the Logistics Robots Market include: March 2018 – Midea Group Company and KUKA AG entered into a strategic collaboration for increasing their geographical presence and penetrating the China market for the manufacturing of new products. September 2018 – Intrion Company was acquired by ABB for the advancement of its logistic robot solutions. The major aim of this acquisition is the delivery of a mass customer base to meet the growing demand of the e-commerce industry. Fortune Business Insights™ lists out the names of market manufacturers. They are as follows:
Quick Buy – Logistic Robots Market Research Report: Detailed Table of Content
Get your Customized Research Report: Have a Look at Related Research Insights: Gantry Industrial Robots Market Size, Share & Industry Analysis, By Type (1-Axis, 2-Axis, 3-Axis, 4-Axis, & Others), By Application (Handling, Palletizing, Welding & Others), By Industry (Packaging, Automotive, Pharmaceuticals, Food & Beverage, Semiconductors & Electronics, Heavy Engineering Machinery, Aerospace & Railway, & Others), and Regional Forecast, 2019-2026 Collaborative Robots Market Size, Share & Industry Analysis, By Payload Capacity (Upto 5 Kg, 6-10 Kg, 11 Kg and Above), By Application (Welding, Material Handling, Quality Testing, Painting/Spraying, Assembling, Others), By Industry (Automotive, Electronics & Semi-Conductors, Food & Beverages, Retail, Metal & Machining, Rubber & Plastic, Others) and Regional Forecast, 2019-2026 Industrial Robots Market Size, Share and Industry Analysis By Robot Type (Articulated, SCARA, Cylindrical, Cartesian/Linear, Parallel, Others), By Application (Pick and Place, Welding & Soldering, Material Handling, Assembling, Cutting & Processing, Others), By End Use Industry (Automotive, Electrical & Electronics, Healthcare & Pharmaceutical, Food & Beverages, Rubber & Plastic, Metals & Machinery, Others) and Regional Forecast, 2019 – 2026 Industry 4.0 Market Size, Share and Industry Analysis, By Application (Industrial Automation, Smart factory, Industrial IoT), By Vertical (Manufacturing, Energy & Utilities, Automotive, Transportation, Chemical, Pharmaceuticals, Consumer Electronics, Metals, Others) and Regional Forecast, 2019-2026 Industrial Automation Market Size, Share & Industry Analysis, By Component (Hardware and Software), By Industry (Discrete Industry and Process Industry), and Regional Forecast, 2019-2026 Industrial Gas Sensors Market Size, Share and Industry Analysis By Product Type (Oxygen, Carbon Dioxide, NOx, Others), By Technology (Electrochemical, Semiconductor, Infrared, Others), By End-User Industry (Healthcare, Building Automation & Domestic Appliances, Automotive, Others) And Regional Forecast 2019-2026 Industrial Sewing Machines Market Size, Share & Industry Analysis, By Product (Flat-Bed Sewing Machine, Cylinder-Bed Sewing Machine, Post-Bed Sewing Machines, Long-Arm Sewing Machine, Others), By Operation (Manual Sewing Machine, Automatic Sewing Machine, Computer Controlled Sewing Machine), By Application (Apparel and Non-Apparel), and Regional Forecast, 2019-2026 Industrial Boilers Market Size, Share and Global Trend By Type (Fire-tube, Water-tube), By Function (Hot Water, Steam), By Fuel Type (Natural Gas & Biomass, Oil, Coal), By End User (Food & Beverages, Chemical, Oil & Gas, Manufacturing, Others), and Geography Forecast till 2026 About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us: Read Press Release https://www.fortunebusinessinsights.com/press-release/logistics-robots-market-10004 
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