Pick and Place Robots Market to Reach $10.9 Billion by 2030

The global pick and place robots market is projected to reach $10.9 billion by 2030, at a CAGR of 23.9% from 2023 to 2030. The growth of this market is attributed to the rising adoption of Industry 4.0 and the Internet of Things (IoT) technologies, increasing adoption of automation in various industries such as food and beverage, automotive, and electronics, and growth of pick and place robots in the e-commerce industry.