Press release
Global Autonomous Mobile Robots Market Set to Triple by 2031: Analysts Highlight Strong Growth Drivers and Key Industry Developments
The Global Autonomous Mobile Robots (AMRs) market is poised for remarkable growth, with projections indicating a substantial rise from its valuation of US$ 2.3 billion in 2021 to an impressive US$ 6.9 billion by 2031. This growth trajectory, advancing at a compound annual growth rate (CAGR) of 11.7%, underscores the increasing adoption of AMRs across various industries and the strategic investments being made in this technology.Download Sample PDF from Here- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=67910&utm_source=Openpr&utm_medium=Amit
Labor Shortages and FMCG Sector Expansion Drive Growth
A significant driver of this market expansion is the growing labor shortage in key end-use industries. As companies strive to maintain operational efficiency amidst workforce constraints, the adoption of AMRs becomes a strategic imperative. These robots enhance productivity, minimize errors, and reduce operational risks, proving to be invaluable assets in industries such as food and beverage, pharmaceuticals, chemicals, and automotive.
The fast-moving consumer goods (FMCG) sector, in particular, is witnessing a surge in demand for AMRs. This growth is fueled by the need for efficient and error-free operations, further accelerated by the expansion of e-commerce. The rise of online shopping, particularly highlighted during the COVID-19 pandemic, has put immense pressure on distribution and fulfillment centers, necessitating the adoption of advanced robotics solutions.
Technological Advancements and Investment Opportunities
The AMR market is benefiting from rapid technological advancements. The integration of mechatronics, Industry 4.0, Industry 5.0, artificial intelligence (AI), cloud computing, big data analytics, blockchain, and the Internet of Things (IoT) is creating lucrative opportunities for market players. Companies are focusing on developing AI-enabled AMRs with high payload capacities to cater to diverse industry needs.
Significant investments are being made in AMR startups and innovations. For instance, in 2021, ABB's acquisition of ASTI Mobile Robotics Group marked a strategic expansion of its robotics and automation portfolio. Similarly, investments such as Jungheinrich AG's US$ 24.5 million stake in Magazino GmbH highlight the industry's commitment to advancing AMR technologies.
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Regional Market Insights
North America is expected to hold a prominent share of the global AMR market during the forecast period. The region's robust adoption of automation in retail and non-durable goods sectors, coupled with the increasing penetration of IoT and 5G technologies, is driving market growth. The implementation of Industry 4.0 and 5.0 further enhances the demand for AMRs in this region.
Europe and Asia Pacific are also significant markets for AMRs, driven by the growth of the FMCG and automotive sectors. The rising consumption of packaged food products, apparel, and footwear in these regions is propelling market expansion. Meanwhile, the Middle East, Africa, and South America are expected to experience moderate growth, reflecting a steady increase in the adoption of AMR technologies.
Key Market Players and Recent Developments
The AMR market is characterized by a high level of fragmentation, with numerous players catering to global demands. Leading companies in the market include Addverb Technologies Limited, AMS, Inc., ANYbotics AG, Berkshire Grey, Continental AG, ECA Group, Fetch Robotics, Inc., and many others. These companies are actively engaged in product innovation, strategic partnerships, and acquisitions to strengthen their market positions.
Recent developments in the industry include ROEQ's partnership with OMRON to enhance AMR payload capacities and SIXAI's introduction of MAESTRO, an AI-enabled AMR management platform. Additionally, ABB's launch of its rebranded ARMs following the acquisition of ASTI Mobile Robotics and Locus Robotics' introduction of the Locus Vector and Locus Max AMRs demonstrate the industry's dynamic nature and commitment to technological advancement.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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