LONDON–(BUSINESS WIRE)–#GlobalLogisticsRobotsMarket–Technavio has been monitoring the logistics robots market, operating under the industrials sector. The latest report on the logistics robots market, 2020-2024 estimates it to register an incremental growth of by $ 6.42 bn, at a CAGR of 31% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. ABB Ltd., B2A Technology SAS, Clearpath Robotics Inc., Kawasaki Heavy Industries Ltd., KION GROUP AG, Midea Group Co. Ltd., OMRON Corp., Teradyne Inc., Toshiba Corp., and Toyota Industries Corp. are among some of the major market participants.
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The ROI offered by logistics robots has been instrumental in driving the growth of the market. The implementation of logistics robots instead of conventional systems like forklifts reduces the cost of equipment and time required for integration. Furthermore, the integration of advanced technologies such as machine learning will help logistics robots in giving higher returns as compared to the investments made. However, the rising need for technical expertise might hamper the market growth.
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Logistics Robots Market 2020-2024: Segmentation
Logistics Robots Market is segmented as below:
Based on geographic segmentation, Over 46% of the market’s growth originated from APAC due to several growth opportunities in the emerging economies including Japan and China during the forecast period. In addition, the indoor and outdoor logistics segment led the growth in the application segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the logistics robots market size.
- Indoor And Outdoor Logistics
- Factory Logistics
- North America
- South America
Logistics Robots Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The logistics robots market report covers the following areas:
- Logistics Robots Market Size
- Logistics Robots Market Trends
- Logistics Robots Market Industry Analysis
This study identifies the Implementation of stringent health and safety regulations as one of the prime reasons driving the Logistics Robots Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Logistics Robots Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist logistics robots market growth during the next five years
- Estimation of the logistics robots market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the logistics robots market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of logistics robots market, vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendor Analysis
- Market positioning of vendors
- ABB Ltd.
- B2A Technology SAS
- Clearpath Robotics, Inc.
- Kawasaki Heavy Industries Ltd.
- KION GROUP AG
- Midea Group Co. Ltd.
- OMRON Corp.
- Teradyne Inc.
- Toshiba Corp.
- Toyota Industries Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.