Cost and Time Saving Benefits to Bolster the Market for Logistic Robots Companies

The procedures of storing and transporting goods along the supply chain are automated by logistics robots. These robots are frequently used in warehouses and storage facilities as they provide higher levels of uptime than manual labor. Additionally, it is producing the highest productivity increases and giving end-user profits.

Fortune Business Insights states that the global market size for logistics robots was USD 6.17 billion in 2021. The market is projected to grow from USD 7.11 billion in 2022 to USD 21.01 billion by 2029 at a CAGR of 16.7% over the forecast period.

COVID-19 Impact

Numerous sectors have experienced severe losses as a result of the COVID-19 pandemic. Up until the first half of 2020, it had a stronger impact on this market's growth prospects. The sudden closure of factories, warehouses, and other facilities had a negative effect on the supply chain systems as a whole.

Below mentioned are the top 10 logistics robot companies functioning in the market.

 

1. ABB Ltd

 

In October 2022- ABB Ltd, a global leader in industrial automation, announced a collaboration with FLSmith that will work to investigate possible ways of improvement in the mining sector. These factors are believed to enhance environmental performance, safety, and productivity. Furthermore, the rising adoption of AGVs in the mining sector is believed to get a push from this collaboration.

 

2. Fanuc Corporation

 

In October 2022- A leading robotics company, Fanuc, opened its new advanced robotics manufacturing facility in Ireland. The aim of this facility is to directly provide service and training to the Irish manufacturers through its cutting-edge automation technology.

In July 2022- Fanuc America, a subsidiary of Fanuc corporation, expanded its West Campus in Michigan to grow its operational space in Oakland County. The expansion includes a 655,000-square-foot state-of-the-art engineering research facility that will fulfill the automation demand.

 

3. KUKA AG

 

In October 2022- KUKA AG brought a smart bin-picking solution that will provide no sophisticated programming solution. The smart software is available as a vision toolkit program that will enhance the picking capabilities of robots and can be easily integrated with production.

In June 2022- KUKA AG and FlexFactory, a joint venture of MHP, Munich Re, and Porsche, announced the cooperative collaboration at Automatica 2022. This collaboration will bring an operator module that will provide consumers with a facility of adaptable production and advanced capabilities that are easily done via pay-on-production.

 

4. Toyota Industries Corporation

 

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