Autonomous Mobile Robots for Logistics and Warehousing Market Size

Autonomous Mobile Robots for Logistics and Warehousing Market size was valued at USD 2.81 billion in 2023 and is poised to cross USD 39.31 billion by 2036, expanding at more than 22.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of autonomous mobile robots for logistics and warehousing is estimated at USD 3.32 billion. The growth of the market can be attributed to the increasing demand for supply chain management, and rising expansion of retail businesses by companies worldwide. Along with these, rapidly growing e-commerce industry across the globe, and escalating adoption of automation in logistics and warehouse operations are also expected to drive market growth in the upcoming years. In 2021, more than 8% increase in forklift workflow was observed across the globe. Also, it is evaluated that about 5 million commercial warehouse robots are to be installed in over 45,000 warehouses by the end of 2025. Furthermore, integration of industry 4.0 with warehouse robots is projected to offer lucrative opportunities to the market in the near future.