BIS Research - Emerging Technology Market Intelligence

Mobile Robots to Lead the Market for Logistics and Warehouse Robots

May 14, 2018 11:50:27 PM / by BIS Research posted in Robotics & UAV, Warehouse Robot Market forecast, Global Logistics and Warehouse Robot Market, lobal Logistics Robots Market Research Report, logistics robot market, logistics Robots Market, Logistics Robots Market Industry, Logistics Robots Market share, Logistics Robots Market size, Warehouse Robot Market, Warehouse Robot Market analysis, Warehouse Robot Market report, Warehouse Robot Market research, Warehouse Robot Market trends

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As per the International Federation of Robotics (IFR) report, the global sales of industrial robots increased by 16% to 294,312 units in the year 2016 as compared to 2015. Robots now cater to various end-user industries such as automobile, logistics and warehouse, e-commerce, pharmaceuticals, and electrical and electronics. Logistics and warehouse are one of the fastest growing industry and have widespread applications of robots in their respective sectors. According to the latest market intelligence report by BIS Research titled, ‘Global Logistics and Warehouse Robots Market- Analysis and Forecast (2017-2021)’, the market generated the revenue of $2.23 billion in the year 2016. The global market for logistics and warehouse robots is expected to register a CAGR of 45.2% during the forecast period. This significant market growth is majorly attributed to the growing e-commerce industry, which is majorly responsible for the growth of high productivity.

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