Logistics Robots Market to Reach USD 21.01 Billion by 2029; Fanuc Corporation Launches CRX Line to Secure Competitive Edge

The global logistics robots market size stood at USD 6.17 billion in 2021. The market value is slated to rise from USD 7.11 billion in 2022 to USD 21.01 billion by 2029 at a CAGR of 16.7% during 2022-2029. The rise can be attributed to the increasing product usage in storage units, warehouses, ports, and other places for performing the desired logistics operations.

Fortune Business Insights™ presents this information in its report titled “Logistics Robots Market Size, Share & COVID-19 Impact Analysis, By Type (Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms, Others), By Application (Palletizing & De-palletizing, Pick & Place, Transportation, Others (Shipment & Delivery)), By Industry (E-commerce, Healthcare, Retail, Food & Beverages, Automotive, Others (Consumer Electronics)), and Regional Forecast, 2022-2029”.

Industry Growth Affected Owing to Slowdown in Manufacturing Amid COVID-19 Pandemic

The coronavirus pandemic led to the imposition of lockdown measures and disruptions in the supply of various materials. The crisis further exacerbated these challenges considering the enforcement of numerous protective measures. However, an increase in effort toward economic recovery is set to propel the product demand across the e-commerce and healthcare sectors.

ABB Launches ABB Robotic Depalletizer to Handle Complex Tasks in Various Sectors

In May 2022, ABB rolled out ABB Robotic Depalletizer. The solution was launched for handling complex depalletizing tasks in the e-commerce, consumer packaged goods, healthcare, and logistics sectors.

The solution deploys machine vision software to assess an extensive range of box types. It further allows customers to process assorted loads with short set-up time and minimal engineering effort.

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https://www.fortunebusinessinsights.com/logistics-robots-market-102923

Market Value to Surge Owing to Increasing Product Adoption in Warehouses

The logistics robots market growth is majorly being driven by the rising efforts for minimization of the operation time of trucks. Robots are adopted by various industries for enhancing the efficiency and quality of the product and manufacturing processes. Further, recent years have recorded an increasing demand for in-house operation in the logistics sector.

However, the industry expansion could be hindered on account of various aspects. These include supply chain issues from manufacturers and the availability of robotic components. Additional factors hampering market growth comprise the issue of data privacy and the deficiency of warehouse chains and logistics infrastructure in developing countries.

Leading Companies Strike Collaborations and Partnership Deals to Gain Industry Footing

Prominent logistics robots companies are adopting various initiatives such as collaborations, partnerships, product developments, mergers, and acquisitions for strengthening their position in the market. Further, numerous industry participants are entering into partnership agreements for the expansion of product reach. These steps are being adopted for strengthening their market presence.

Key Players Profiled in the Report:

• ABB Ltd (Switzerland)


• KUKA AG (Germany)


• Toyota Industries Corporation (Japan)


• Fanuc Corporation (Japan)


• Yaskawa Electric Corporation (Japan)


• Kion Group Ag (Germany)


• Toshiba Corporation (Japan)


• Krones AG (Germany)


• Kawasaki Heavy Industries Ltd. (Japan)


• Omron Corporation (Japan)

Notable Industry Development

• August 2022 – Fanuc Corporation rolled out CRX collaborative robots line at Battery Show held in the U.S. The cobots are integrated with programs that run without maintenance.


• April 2021 – Toyota Industries Corporation established T-Hive, a global autonomous software development firm. The new firm would offer industrial logistics robotics solutions comprising autonomous mobile robots, automated guided vehicles, and automated guided forklifts.

Further Report Findings

• Based on type, this market is fragmented into robot arms, autonomous mobile robots, automated guided vehicles, and others (UAVs). The Automated Guided Vehicles (AGV) segment is estimated to record substantial growth over the forecast period. The rise can be attributed to the surging AGV adoption in numerous industries.


• The Asia Pacific logistics robots market share is poised to register considerable growth throughout the projected period. This is on account of an increase in the implementation of various initiatives for the improvement of healthcare infrastructure in the region.


• The region of North America is estimated to register a notable surge over the estimated period. The surge is being driven by the rising demand for various logistics operations.

Table of Segmentation