Logistics Robots Market Size, Share, Growth Analysis, By Component(Hardware, Software, and Services), By Type(Automated guided vehicles, Autonomous mobile robots, Robot arms, and Others), By Application    (Palletizing & de-palletizing, Pick & place, Transportation, and Others), By Vertical(E-commerce, Healthcare, Retail, Food & beverages), By Region - Industry Forecast 2024-2031

Logistics Robots Market size was valued at USD 6.17 billion in 2019 and is poised to grow from USD 7.2 billion in 2023 to USD 28.91 billion by 2031, growing at a CAGR of 16.7% in the forecast period (2024-2031).

Logistics robots automate the procedures of storing and transporting items along the supply chain. These robots are frequently used in storage facilities and warehouses because they provide higher levels of uptime than manual labor. It also leads to the biggest productivity increases and profitability for end users. The utilization of warehouses outfitted with self-driving technologies is becoming more popular. It emphasizes the significance of on-time delivery across logistical infrastructures. Furthermore, the increased need for sophisticated supply chain operations and E-commerce fulfillment services is a major driver driving the creation of logistics robotics. At the moment, the use of AI, machine learning, and warehouse management software solutions is creating chances for increased demand for logistics robots across the globe. Furthermore, labor-intensive warehouse operations are forcing retailers and facility owners to embrace automated logistic systems. This is further fueling the growth of the logistics robots Logistics Robots Market.

US Logistics Robots Market is poised to grow at a sustainable CAGR for the next forecast year.