Logistics Robots Market is expected to reach US$ 20,293.4 Mn by 2027 at a CAGR of 19.10%

Logistics Robots Market: Key Insights

The increase in the number of logistics and warehousing companies that are robustly focusing on incorporating robots to gain the benefits of enhanced efficiency, speed, and augmented profits to remain competitive in a market. The adoption of advanced technology such as robotic warehousing and logistics technologies is growing in order to enhance operation efficiency at an affordable price. The global logistics robots market is driven by factors such as a growing percentage of the aging population globally leading to labor shortage and augmenting supply chain networks globally, but a high capital investment for the deployment of logistics robots is anticipated to restrain the market growth of the logistics robots market during the forecast period.

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The implementation of logistics robots across several industries plays an important role, as it reduces the overall cost of the process, increases productivity, enhances safety, and reduces human error. The rapid technology advancements across warehouses globally is focusing on the requirement related to the difficulties faced by the supply chain process and assuring that the technology used is associated with the business objectives. The implementation of robots across different units, functions, and stages in product lifecycles has been a key challenge faced by warehouses today on their growth path.

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Logistics Robots Market: Competitive Landscape and Key Developments

The major players operating in the market for logistics robots market are AGV International., Clearpath Robotics, Daifuku Co. Ltd., Fanuc Corporation, Fetch Robotics Inc., KION GROUP AG, KNAPP AG, Kollmorgen, Kuka AG, and Toshiba Corporation.

The logistics robots market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, MEA, and SAM. The APAC region holds the highest market share, whereas North America is projected to be the fastest-growing region as well in the coming years. North America is witnessing the fastest growth rate over the forecast period.

The supply chain industry in the region is witnessing constant transformation, which is significantly impacting the fundamentals of warehousing and distribution. These transformations are related to the developing technologies that will fill the gap between supply chain operations and the emerging requirement of the customers. This constant digitalization and technological modifications are influenced by the penetration of e-commerce, which has allowed the customers in the region to make an immediate as well as real-time demand impact on the order fulfillment operations.

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