According to a recent
report published by Allied Market Research, titled,"Mobile
Logistics Robot Market by Industry Vertical and Function: Global Opportunity
Analysis and Industry Forecast, 2017-2025,"the global mobile
logistics robot market was valued at USD 2,420.7 million in 2017 and is
projected to reach USD 11,269.1 million by 2025, growing at a CAGR of 21.2%
from 2018 to 2025.
The e-commerce,
automotive, food & beverage, and pharmaceutical industries are majorly
driving the growth of the mobile logistics robot market globally owing to
increase in competitiveness among the players in these industry verticals and
high cost of labor. To control labor costs, robots help companies automate the
ordinary and repetitive parts of their processes, allowing skilled workers to
engage on more important tasks.
Asia-Pacific
dominated the mobile logistics robot market and is also the fastest growing
region globally. Asia-Pacific countries such as Japan and China are the second
and third largest ecommerce markets respectively. Asia-Pacific is also the
largest manufacturer of electronic & electrical goods and metal &
machinery goods. Japan and China lead the industrial automation market.
Warehouse robotics can help companies reduce overhead costs and increase
productivity with consistency and accuracy. All these factors create lucrative
opportunities for Asia-Pacific in mobile logistics robot market.
Key
Findings of the Mobile Logistics Robot Market:
In 2017, the
warehouse sub-segment generated the highest revenue in the global mobile
logistics robot market.
In 2017, the pick
& place segment generated the highest revenue among the functions in the
global mobile logistics robot market.
The key players
profiled in the mobile logistics robot market report include Aethon Inc., Asic
Robotics AG, Clearpath, Fetch Robotics Inc., Kuka AG, Mobile Industrial Robots,
Omron Corp Adept Technology Inc., Amazon Robotics, Savioke, and GreyOrange.
These key players have adopted strategies, such as product portfolio expansion,
mergers & acquisitions, agreements, geographical expansion, and
collaborations to enhance their market penetration. For instance, In October
2018, Aethon launched newest TUG robot, the T4, which is based on Aethons TUG
product line by providing system integrators greater flexibility through its
inbuilt connections. This product is used for industrial, manufacturing and
logistics customers who need a smaller, faster and integration-ready mobile
robot. Furthermore, In April 2018, GreyOrange expanded its business in Japan
and Europe, for the development of its Butler robotics system. These sites
develop an advanced combination of robotics and Artificial Intelligence, which
is expected to increase their efficiencies multifold. This expansion helped to
increase the business and product portfolio of company.
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