Logistics Robots Market by Type (Automated Guided Vehicles, Autonomous Mobile Robots, Robot Arms, Others), by Application (Palletizing & De-palletizing, Pick & Place, Transportation, Others (Shipment & Delivery), by Industry (E-commerce, Healthcare, Retail, Food & Beverages, Automotive, Others (Consumer Electronics), by North America (U.S., Canada) Forecast 2024-2032
The Logistics Robots Market size was valued at USD 6.17 USD Billion in 2023 and is projected to reach USD 22.50 USD Billion by 2032, exhibiting a CAGR of 20.3 % during the forecast period. A logistics robot is an intelligent mechanical structure with the capacity to automate different endeavours in the SCM and the warehouse. They can be of several types such as AMRs, AGVs, and robotic arms. These robots also come loaded with functions such as computer vision systems, sensors, and optimal algorithms to enable the robot to move from one point to the other, pick objects and even place them on shelves or even work in tandem with human staff. They are used in inventory control, picking of orders, palletization, and transportation of products within the premises of stores and depots. Because these logistics robots can operate day and night without any tiredness, they offer great gains in terms of working efficiency, accuracy, and time for the given tasks, while ensuring lower costs of operations. They also assist in making workplaces safe for human employees by taking over monotonous and physically demanding tasks thus avoiding chances of the employees incurring injuries. logistics robots help transform the traditional concept of the supply chain by changing the means and methods of handling and transporting products thus introducing automation and efficiency in the supply chain.
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The comprehensive research report on the logistics robots market provides detailed insights into the current market dynamics, growth drivers, challenges, and future prospects. It also includes a competitive landscape analysis, regional analysis, and forecast data.
The logistics robots market is expected to witness significant growth in North America and Europe due to the high adoption of automation technologies. Asia-Pacific is anticipated to emerge as a promising market, driven by the rapid expansion of e-commerce and manufacturing sectors.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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