The global logistics robot market has undergone a rapid acceleration in demand across all regions. Technology has proved to be indispensable for large-scale business operations. Logistics robots automate the processes of storing and moving goods throughout the supply chain. This provides enhanced levels of uptime, higher productive hours, and less chance of manual error, thus ensuring greater productivity to end-use.
The utilization of robots in logistics networks embodies a competent substitute for the usual belt conveyor system. These robots are intelligent devices armed with sensors, manipulators, control systems, power, and software to perform tasks resourcefully. Warehouse integration and robotic technology have helped safeguard precision and automation while increasing storage space and operational efficiency.
According to a recent study by Fairfield Market Research, the global logistics robot market is expected to be worth US$12,739.1 Mn by 2025 from US$807.2 Mn in 2017, growing at a staggering CAGR of 23.7% during the forecast period 2021-2025.
Partnership to Drive Adoption of Next-Generation High-Speed, High-Density Storage and Retrieval Solutions for Warehouse and Last Mile Operations
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