Investment Research on the Current Situation and Prospects of Global and Chinese Intelligent Logistics Equipment Industry in 2023

The logistics industry is one of the important industries that make up the national economy. With the rapid development of the consumer market, the supply of the global logistics industry has continued to grow in recent years. Since entering the 21st century, various industries have begun to focus on reducing costs and increasing efficiency. In this process, it has driven the demand for intelligent logistics equipment and gradually become an important development trend in the current logistics industry.

1、 Overview of Intelligent Logistics Equipment Industry

1. Industry definition

Intelligent logistics equipment refers to equipment that integrates advanced technologies such as robots, computers, and networks into logistics systems for logistics activities in order to achieve intelligent management of logistics operations. According to different usage functions, intelligent logistics equipment is divided into logistics robots (AGV), flow unmanned aerial vehicles (FMS), and logistics robots (FMD).

2. Panorama of the Industrial Chain

In the industrial chain, the upstream of the intelligent logistics equipment industry includes core components such as sensors, controllers, and reducers, as well as core technologies such as sensing technology and system integration; The midstream is the manufacturing of intelligent logistics equipment, including AGV handling and its personnel, logistics drones, intelligent express delivery cabinets, and sorting robots; Downstream are application fields such as agricultural and sideline products, clothing and bags, food and beverage, medical equipment, and building materials.

2、 Analysis of the Current Situation of Global and Chinese Intelligent Logistics Equipment Industry

1. Market size

Benefiting from the development of industries such as e-commerce and industrial manufacturing, intelligent logistics equipment has achieved large-scale applications in many fields, driving the demand for intelligent logistics equipment to a certain extent, thereby driving rapid growth in the industry market size. According to statistics from Beijing Yanjing Bizhi Information Consulting, the global intelligent logistics equipment market size showed an increasing trend year by year from 2016 to 2021, increasing from $38 billion to about $57.6 billion, The average annual growth rate is 10.3%. With the continuous growth of global logistics industry supply, it is predicted that the intelligent logistics equipment industry will maintain a stable development trend in the future. By 2028, the global intelligent logistics equipment market size will reach over 95 billion US dollars.

2. Application field

From the perspective of the global intelligent logistics equipment market, the overall trend is showing rapid growth, and the industry is developing rapidly. In the segmented application fields, express delivery, medicine, and fast consumer goods are relatively fast growing application fields. As of the end of 2021, the market size of the three has accounted for 22.6%, 19.2%, and 16.5%, respectively. In addition, the total size of other intelligent logistics equipment application fields is 41.7%.

3. Cost structure

At present, the cost of the global intelligent logistics equipment industry is mainly composed of raw materials, labor, and manufacturing costs. According to a survey conducted by Beijing Yanjing Bizhi Information Consulting, due to the high prices of raw materials for intelligent logistics equipment, the cost of raw materials has remained the top for a long time, accounting for over half of the total by the end of 2021, reaching around 65%; Secondly, labor and manufacturing costs reach 20% and 15% respectively.

4. Market share

At the industry production level, the global intelligent logistics equipment market is mainly dominated by foreign manufacturers, concentrated in developed countries and regions such as Europe, America, and Japan. Compared to domestic domestic domestic manufacturers, the degree of substitution is relatively low. From the perspective of specific production enterprises, leading enterprises such as Fetch Robotics, KUKA, and Starship Technologies have a relatively high market share. At the end of 2021, the top three production enterprises collectively hold about 42% of the global market share, Afterwards, other manufacturers accounted for a total of 58%.