The logistics robots market in North America is expected to grow from US$ 930.5 in 2018 to US$ 5,199.2 Mn by the year 2027 at a CAGR of 21.5% during the forecast period.
The constant growth in the global e-commerce as well as on-demand economy, the requirement of advanced and new generation of autonomous mobile robots are aiding companies to handle major labor shortage issue. However, these factors are likely to drive the logistics robot market.
The growing percentage of aging population across the North America is one of the major factor for the reduction of labors across various industries. However continuous reduction of labor in North America region is likely to drive the logistics robot market. Also, the implementation of logistics robot across several industries plays an important role, as it reduces the overall cost of the process, increasing productivity, enhancing safety, and reduce human error is likely to drive the logistics robot market.
North America logistics robots market is expected to grow at a good CAGR during the forecast period. Continuous investment by the company for the acceptance of advanced technological robots namely: autonomous guided vehicle (AGV) which is used for autonomous forklifts, integration of artificial intelligence (AI) applications, as well as collaborative robots (COBOTS) which work along with human workers is likely to drive the logistics robots market.
North America Logistics Robots Market–Segmentation
North America Logistics Robots Market By Function
North America Logistics Robots Market By Industry
North America Logistics Robots Market By Robot Type
North America Logistics Robots Market By Country
North America Logistics Robots Market-Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 930.5 Million |
| Market Size by 2027 | US$ 5,199.2 Million |
| CAGR (2018 - 2027) | 21.5% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Function
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Logistics Robots Market is valued at US$ 930.5 Million in 2018, it is projected to reach US$ 5,199.2 Million by 2027.
As per our report North America Logistics Robots Market, the market size is valued at US$ 930.5 Million in 2018, projecting it to reach US$ 5,199.2 Million by 2027. This translates to a CAGR of approximately 21.5% during the forecast period.
The North America Logistics Robots Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Logistics Robots Market report:
The North America Logistics Robots Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Logistics Robots Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Logistics Robots Market value chain can benefit from the information contained in a comprehensive market report.
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