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Automating Warehouses: The Accelerating Logistics Robotics Market

Acumen Research and Consulting

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发布日期: 2023年7月17日

The Logistics Robotics Devices Market Size amounted to USD 7.8?Billion in 2022 and is anticipated to reach USD 35.7?Billion by 2032, with a CAGR of 16.6% from 2023 to 2032.

Introduction

Logistics companies are increasingly adopting robotics and automation to modernize warehouses and keep pace with exploding ecommerce volumes and customer expectations of faster deliveries. The global logistics robotics market size was valued at USD 7.8?billion in 2023 and is projected to reach USD 35.7?billion by 2032, growing at a robust CAGR of 16.6%. Key factors propelling this rapid growth include rising labor costs, surging demand for automation, and major advances in robotics, AI and battery technologies.

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Key Benefits Driving Adoption

Increased Throughput and Productivity - Robots can operate 24/7, doubling productivity over human-only warehouse workflows. This enables faster order processing and turnaround.

Improved Accuracy and Reduced Losses - Automated systems minimize errors in repetitive warehousing tasks like picking, sorting, transporting and inventory management, significantly reducing losses.

Enhanced Safety and Regulatory Compliance - Collaborative robots handle heavy loads safely, can operate in tight spaces, and improve overall warehouse safety alongside human personnel. They improve compliance with safety and labor regulations.

Cost Savings - Though initial acquisition costs are still high, automated warehouses see rapid ROI within 2-3 years through substantial long term opex savings from reduced labor, space utilization and inventory damage.?

Major Types of Logistics Robots

Autonomous Mobile Robots - These flexible robots can efficiently move pallets, carts and bins with goods around large warehouses.

Robotic Arms - Articulated robotic arms automate repetitive pick and place tasks with speed, precision and consistency.

Automated Storage and Retrieval Systems - These specialized robots can store and retrieve loads in high density warehouse environments.

Unmanned Aerial Vehicles - Drones equipped with cameras and scanners are being used for inventory monitoring and management in large warehouses.

Key Growth Drivers

Surging Ecommerce - Online retailers are major adopters of warehouse robotics owing to explosively rising order volumes they need to handle.

Warehouse Labor Shortage - Difficulty in finding and retaining warehouse workers in many countries due to high turnover is compelling companies to add automation.

Technological Advances - Improvements in battery power, computer vision, AI software, dexterous grasping and sensing are rapidly expanding the capabilities of logistics robots.