Logistics Robots Market size was over USD 26.7 Billion in 2023 and is set to cross USD 106.9 Billion by the end of 2036, witnessing more than 20% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of logistics robots is assessed at USD 36.1 Billion.
It is believed that rising e-commerce sales are driving this market expansion. The surge in online orders has leveled off; therefore, ecommerce companies operating locally and internationally have embraced cutting-edge technologies such as logistics robots to develop an effective logistics and supply chain.
According to the International Trade Administration, over the past ten years, worldwide B2B e-commerce sales have been consistently increasing year over year, with the market expected to reach USD 36 trillion by 2026.
Author Credits: Abhishek Verma
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