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Autonomous Mobile Robots Market 2024 - Industry Size, Future Insights, Growth Drivers And Top Players
The Business Research Company recently released a comprehensive report on the Global Autonomous Mobile Robots Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
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
Autonomous Mobile Robots Market 2024 Key Insights:
• The autonomous mobile robots market will grow to $9.78 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%.
• The Surging Role Of Autonomous Mobile Robots In The Global E-Commerce Landscape
• Technological Advancements Paving The Way In The Autonomous Mobile Robots Market
• Europe was the largest region in the autonomous mobile robots market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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