LOGISTICS ROBOTS MARKET ANALYSIS
Factors Driving Growth of the Global Logistics Robot Market
Rising demand for logistics robots for logistics operations to save cost and time drives the growth of global logistics robot market. Growing events of accidents in warehouses or storage units is encouraging the firms to employ logistics robots. Stringent safety norms and regulations to avoid dangerous and hazardous environment involving gases or materials will further strengthen the growth of logistics robot market.
According to the International Federation of Robotics, the sales of logistics robots in 2017 experienced a strong growth with 69,000 units sold, which is an increase of 162% as compared to 2016. Additionally, according to ‘A3 Robotics’ which is North America’s largest automation trade association, it is estimated that 485,000 units would be sold between 2019 and 2021, which would exhibit a CAGR of 18%.
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