The global logistics robots market size is expected to reach USD 14.93 billion in 2027 and register a CAGR of 15.3% during the forecast period. Increasing online retail trade and e-commerce has resulted in requirement of logistics robots for quick delivery. This has led to an increase in demand for logistics robots in countries across the globe.
Logistics robots are automated machines used for storing and moving goods. These robots are extensively used in storage units and warehouses to move products and organize them. Advantages of using logistics robots is that they reduce otherwise high cost of labor and enhances efficiency in comparison to manual effort, thereby resulting in high performance and increased profitability.
Logistic robots use Artificial Intelligence for efficiently managing flow of materials and offer flexibility, which is critical in optimizing supply chain for omnichannel distribution. Logistics robots are used to carry heavy payloads and cartons that not only ensure worker safety, but also decrease potential of product damage, misplacement, and loss due to theft. Additionally, rapidly increasing demand for logistics robots in military and defense applications and supply chain management are projected to drive growth of the logistics robots market going ahead.
However, high investments required for research and development and high initial and installation costs are predicted to negatively impact market growth. Steady adoption of technically advanced infrastructure is a major restraint for growth of the global logistics robots market.
Some key highlights in the report:
For the purpose of this report, Emergen Research has segmented the global logistics robots market in terms of robot type, application, industry vertical, and region:
Robot Type Outlook (Revenue, USD Million; 2018–2027)
Application Outlook (Revenue, USD Million; 2018–2027)
Industry Verticals Outlook (Revenue, USD Million; 2018–2027)
Regional Outlook (Revenue, USD Million; 2018–2027)
Middle East & Africa
To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/logistics-robots-market
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