Top Key Players: Toyota industries corporation, ABB, FANUC, Kawasaki Heavy Industries Ltd, KUKA AG, Dematic, OMRON Corporation, TOSHIBA CORPORATION and other players.
Pune, India -- (SBWIRE) -- 10/16/2020 -- Fortune Business Insights offers a detailed overview of the global market in a report, titled 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.
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Fortune Business Insights™ lists out the names of market manufacturers. They are as follows:
TOYOTA INDUSTRIES CORPORATION. (Japan)
Kawasaki Heavy Industries, Ltd (Japan)
Dematic (United States)
KUKA AG (Germany)
Yaskawa America, Inc. (United States)
Dematic (United States)
OMRON Corporation (Japan)
Teradyne Inc. (United States)
TOSHIBA CORPORATION (Japan)
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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.
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 warehouses 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.
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Segmentation Logistics Robots Market
Automated Guided Vehicles
Autonomous Mobile Robots
Palletizing & De-palletizing
Pick & Place
Others (Shipment & Delivery, Packaging, and others.)
Food & Beverages
Others (Consumer Electronics, and others)
North America (the U.S. and Canada)
Europe (UK, Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Southeast Asia, and the Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)
Latin America (Brazil, Mexico, and the Rest of Latin America)
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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.
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Key Research Objectives
Logistics Robots Market size and growth rate by various segments at global and regional level for the 2015-2026 period, with 2015-2017 as historical data, 2018 as base year and 2019-2026 as forecast period
Overall market size and growth rate for key countries for the 2015-2026 period
Market dynamics - Market drivers, restraints, trends and opportunities
Technological and market developments shaping the Logistics Robots Market
Profiles of key companies operating in the market
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