Press release
Autonomous Mobile Robots Market 2024: Outlook, Current And Future Industry Landscape Analysis 2033
Autonomous Mobile Robots Market
Autonomous Mobile Robots Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $9.78 billion In 2028 At A CAGR Of 17.9%.
The autonomous mobile robots market size has grown rapidly in recent years. It will grow from $4.32 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to e-commerce growth, labor shortages, cost reduction, safety and compliance, supply chain optimization.
The autonomous mobile robots market size is expected to see rapid growth in the next few years. It will grow to $9.78 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to rise of swarm robotics, global pandemic impact, cross-industry adoption, growing government support, growing demand for customization. Major trends in the forecast period include technological advancements, collaborative robots (cobots), sustainable and eco-friendly solutions, customization and scalability, connectivity and integration.
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Autonomous Mobile Robots Market Major Segments
The autonomous mobile robots market covered in this report is segmented -
1) By Offering: Hardware, Software, Service
2) By Type: Goods-to-Person Picking Robots, Self-Driving Forklifts, Autonomous Inventory of Robots, Unmanned Aerial Vehicles (UAVs)
3) By Battery: Lead, Lithium-ion (Li-ion), Nickel-based, Other Types
4) By End-user: Defense and Security, Warehouse and Logistics, Energy and Power, Automotive, Manufacturing, Oil and Gas, Mining and Minerals, Other End-user Industries
Key Driver - The Surging Role Of Autonomous Mobile Robots In The Global E-Commerce Landscape
The rise in global e-commerce activity is significantly contributing to the growth of autonomous mobile robots going forward. E-commerce refers to buying and selling of goods and services by companies and individuals over the internet. Autonomous mobile robots (AMR) can be used in e-commerce warehouses to decrease labor costs and increase pick rates and can replace time-consuming, repetitive jobs, allowing operations to reassign people to other areas of the warehouse. For instance, in October 2021, according to a report published by the International Trade Administration, a US-based agency, it is expected that e-commerce for consumer goods would account for about 22% of all retail sales worldwide, growing at an average rate of over 1% by 2024. Retail e-commerce sales also point to a consistent, long-term increase of 8% in all global retail e-commerce sales through 2024. Therefore, the rise in global e-commerce activity is significantly contributing to the growth of autonomous mobile robots market.
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Prominent Trend - Technological Advancements Paving The Way In The Autonomous Mobile Robots Market
Technological advancements are a key trend gaining popularity in the autonomous mobile robots market. Major companies operating in the autonomous mobile robots (AMR) market are focusing on improving the technology involved in their autonomous mobile robots to increase the autonomous capabilities and increase their applications. Such advancements enable key players to gain a competitive edge in the market. For instance, in June 2022, Amazon Inc., a US-based e-commerce company launched a new autonomous mobile robot (AMR) Proetus. This robot is capable of lifting and transporting gocarts and the wheeled carts used by Amazon to transfer parcels through facilities by using new proprietary safety, perception, and navigation technology. This incorporates robotics in the same physical space as humans.
Autonomous Mobile Robots Market Players
Major companies operating in the autonomous mobile robots market report are Fetch Robotics Inc., OMRON Corporation, inVia Robotics Inc., Geekplus Technology Co. Ltd., Grey Orange Pte. Ltd., Mobile Industrial Robots ApS, Aethon Inc., Vecna Robotics Inc., Clearpath Robotics Co., Hi-Tech Robotic Systemz Ltd., Softbank Robotics SAS, SMP Robotics corporation, NextShift Robotics Inc., Stanley Robotics SAS, Robotnik Automation SLL, SESTO Robotics Pte. Ltd., HAHN Robotics GmbH, ABB Ltd., Clearpath Inc., Locus Robotics Corporation, Boston Dynamics Inc., Conveyco Technologies LLC, IAM Robotics LLC, KUKA AG, Fortna Inc., Teradyne Inc., Seegrid Corporation, Radial Inc., Rapid Robotics Inc., Youibot Intelligent Technology Co. Ltd., Gideon Brothers d.o.o., TRACLabs Inc., Milvus Robotics Private Limited .
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Largest And Fastest Growing Region In The Market
Europe was the largest region in the autonomous mobile robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the autonomous mobile robots market report during the forecast period. The regions covered in the autonomous mobile robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Autonomous Mobile Robots Market Report Structure
3. Autonomous Mobile Robots Market Trends And Strategies
4. Autonomous Mobile Robots Market - Macro Economic Scenario
5. Autonomous Mobile Robots Market Size And Growth
…..
27. Autonomous Mobile Robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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