The logistics robots market in North America is expected to grow from US$ 930.5 Mn in 2018 to US$ 5,199.2 Mn by the year 2027 at a CAGR of 21.5% during the forecast period.
North America is a technologically advanced region, has a strong automotive sector, and the companies are continuously focusing on exploring new technologies to improve efficiency. These factors are likely to drive the logistics robots market.
Increased automation has changed the automotive industry in the US, and manufacturers are rapidly implementing new technologies to their assembly lines to meet the increasing consumer demands. Therefore, the growing popularity of automation in warehouses and increasing focus toward the adoption of new technological solutions across North America is creating a rising the growth for the logistics robots market in the region.
On the basis of industry, the North America logistics robots market, was led by E-Commerce segment in 2018 with a decent share and is expected to continue its dominance during the forecast period, thereby accounting for decent share of the total market by 2027. The continuously rising popularity of e-commerce, along with the shortage of skilled labor in warehouses, is a significant factor fueling the adoption of Logistics Robots in the e-commerce industry.
The overall North America logistics robots market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North America logistics robots market. It also provides an overview and forecast for the logistics robots based on all the segmentation provided with respect to the North America region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the logistics robot industry. Some of the players present in North America logistics robots market are Kuka AG, KNAPP AG, Fetch Robotics Inc, among others.