Changes in Consumer Behavior During Coronavirus Outbreak May Affect Autonomous Mobile Robots Market Growth

The key factors driving the swift uptake of autonomous mobile robots (AMRs) are the increasing demand for automation solutions and flourishing e-commerce industry.

The global autonomous mobile robots market generated $29.3 billion revenue in 2019, which is expected to reach $220.6 billion in 2030.

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Major Key Players:

o 6 River Systems Inc.
o Fetch Robotics Inc.
o OMRON Corporation
o inVia Robotics Inc.
o Geekplus Technology Co. Ltd.
o Grey Orange Pte. Ltd.
o IAM Robotics,
o Cobalt Robotics Inc.
o Teradyne Inc.
o KUKA AG
o Clearpath Robotics Inc.

The market is predicted to witness rapid progress during the forecast period (2020-2030), with a CAGR of 18.3%. AMRs refer to robots that incorporate sensors and navigation technology for moving around, without being directly controlled by an operator.

The swift prosperity of the e-commerce industry is one of the biggest factors fueling the growth in the AMR market.

The increasing internet penetration and burgeoning use of smartphones amongst the masses are some of the biggest factors contributing toward the rising trend of online shopping, thereby boosting the e-commerce industry across the world.

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In 2018, the worldwide e-commerce sales witnessed a massive increase, of around 22% from the previous year.

The increasing demand for automation solutions is another crucial factor responsible for the advance of the AMR market.

As a result of the high labor costs in developed nations, increase in complex manufacturing processes, growing focus toward high productivity, and lack of adequate labor, the demand for automation solutions is mushrooming across the globe.

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For instance, original equipment manufacturers (OEMs) in the automotive sector require the help of robots in various complex assembly operations. AMRs are also used in warehouses and logistics for performing important tasks, such as loading, unloading, and transportation.

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This release was published on openPR.