The logistics robots’ market in North America is expected to grow from US$ 930.5 in 2018 to US$ 5,199.2 Mn by the year 2027 at a CAGR of 21.5% during the forecast period.
The constant growth in the global e-commerce as well as on-demand economy, the requirement of advanced and new generation of autonomous mobile robots are aiding companies to handle major labor shortage issue. However, these factors are likely to drive the logistics robot market.
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The growing percentage of aging population across the North America is one of the major factor for the reduction of labors across various industries. However continuous reduction of labor in North America region is likely to drive the logistics robot market. Also, the implementation of logistics robot across several industries plays an important role, as it reduces the overall cost of the process, increasing productivity, enhancing safety, and reduce human error is likely to drive the logistics robot market
North America logistics robots market is expected to grow at a good CAGR during the forecast period. Continuous investment by the company for the acceptance of advanced technological robots namely: autonomous guided vehicle (AGV) which is used for autonomous forklifts, integration of artificial intelligence (AI) applications, as well as collaborative robots (COBOTS) which work along with human workers is likely to drive the logistics robots market.
North America Logistics Robots Strategic Insights
Strategic insights for the North America Logistics Robots provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
ABB Ltd
Clearpath Robotics
Daifuku Co. Ltd.
Fanuc Corporation
Fetch Robotics, Inc
KION GROUP AG
KNAPP AG
Kollmorgen
Kuka AG
Toshiba Corporation
North America Logistics Robots Regional Insights
The geographic scope of the North America Logistics Robots refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights