Home Tech Logistics Robots Market to Touch USD 17.82 Billion by 2028;

Logistics Robots Market to Touch USD 17.82 Billion by 2028;

1

Pune, India, May 27, 2021 (GLOBE NEWSWIRE) — The global logistics robots market size is projected to reach USD 17.82 billion by 2028, exhibiting a CAGR of 16.4% during the forecast period. According to a report by Fortune Business Insights™, titled “Logistics Robots Market, 2021-2028”, the market value was estimated to stand at USD 5.38 billion in 2020 and is expected to touch USD 6.17 billion in 2021.

Increasing Adoption of Smart Warehousing Tools to Boost the Market

Managing warehouse operations can be a tedious task and companies are eagerly adopting smart technologies, mainly artificial intelligence and robotics, to optimize warehousing activities. For example, in May 2021, Locus Robotics deployed autonomous mobile robots, equipped with dashboards and reporting capabilities, for Taylored Services, a warehousing company. After the robots were rolled out, the company reported immediate productivity gains and improved client…

Click here for full article…www.globenewswire.com