The global market size of autonomous mobile robots will grow at a speed of 9.4 billion US dollars by 2028

The global market size of autonomous mobile robots will grow at a speed of 9.4 billion US dollars by 2028

BlueWeave Consulting and Research Pvt Ltd

Due to the growing need for material handling equipment from various industrial industries, Europe currently holds the lion’s share of the autonomous mobile robots market and is likely to continue its dominance during the period under analysis. Moreover, significant government investment to encourage the creation of small businesses and the adoption of Industry 4.0 is likely to drive market expansion in Europe. Due to the increasing internal and external security risks, as well as the increasing terrorist activities, the market for autonomous mobile robots in North America is expected to grow at a steady rate. In addition, increasing labor expenditures and technological developments are driving the expansion of the market in North America. Moreover, due to the increasing infrastructure developments in the countries of the region, the autonomous mobile robotics market in the Middle East and Africa is expected to grow at a moderate rate.

New Delhi, October 10, 2022 (Globe Newswire) – The global mobile bot market is expected to grow steadily due to the rapid expansion and increasing popularity of e-commerce companies worldwide. Expanding the e-commerce sector can stimulate demand for warehouses and distribution centers where autonomous mobile robots are mostly used.

BlueWeave Consulting, a leading strategic advisory and market research firm, in its recent study estimated the global autonomous mobile robotics market size to be $2.37 billion in 2021. During the forecast period between 2022 and 2028, BlueWeave forecasts Autonomous mobile robotics market The volume is growing at a CAGR of 22.1% to reach a value of USD 9.44 billion by 2028. The global autonomous mobile robotics market is driven by the introduction of advanced technologies in robotics systems, increasing reliance on automation solutions to manage the supply chain ecosystem, new security rules, and trade industry electronic growing. For example, Fetch Robotics and VARGO signed a binding deal in October 2020 to combine their separate technologies and develop robotic solutions to meet larger e-commerce demands and achieve better production levels in a more scalable and adaptive way. The solution optimizes the fleet and other difficulties, especially automated navigation to achieve the shortest routes and reduce congestion. This, in turn, is expected to have a positive impact on the growth of the global autonomous mobile robotics market during the analysis period.

Global Autonomous Mobile Robots Market – Technological Advances

To expand their warehouse operations, leading e-commerce companies are focusing on acquiring independent bot vendors. For example, in October 2019, Shopify Inc. 6 River Systems, Inc., a Canada-based company that provides reliable retail tools and omnichannel commerce platform. , a US-based developer of mobile robotics implementation solutions. Amazon.com, Inc. has completed. The acquisition of Canvas Technology, a US-based warehouse robotics startup, in April 2019, to focus on automating different parts of e-commerce fulfillment.

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The rapid growth of the global e-commerce business has stimulated the demand for autonomous mobile robots

The explosive growth of e-commerce businesses across the globe is allowing warehouse and distribution center operators to focus on optimizing operational workflows from manual to automated to meet changing consumer purchasing trends. The US Department of Commerce stated that expenses on the Internet platform are 16.0% of total retail sales in 2019. It will eventually allow the largest e-commerce companies to deploy independent technologies across their implementations.

Global Autonomous Mobile Robots Market – By Type

The global autonomous mobile robots market is segmented by type into cargo-to-person picking, inventory autonomous robots, self-driving forklifts, and unmanned aerial vehicles (UAVs). The market for self-driving forklifts is expected to expand at a faster rate, due to the growing e-commerce industry. Adoption of self-driving forklift is also expanding due to rapid technological advances, particularly real-time data communication, demand for real-time delivery, and intelligent mapping. Due to the accelerated movements of goods within warehouses and distribution centers, growing warehouse fleet management concerns, and major manufacturers’ focus on developing advanced inventory management robots, person-to-person cargo picking robots, autonomous inventory robots, and drones are expected to grow steadily during the period in the analysis .

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Global Autonomous Mobile Robot Market – By Application

The global Autonomous Mobile Robots market is segmented by application into sorting, selection, location, checkout, warehouse fleet management, and others. Due to rising labor costs in both developed and emerging countries, the choice and place segment is expected to maintain its leadership position among the application segments in the market. Furthermore, growing concerns about efficient and real-time processing of items and materials are putting pressure on robotic solution providers to provide pick-and-place robots.

Sorting, hauling and warehouse fleet management applications can drive market growth, due to the increasing construction of smart industrial facilities, automated warehouses and other similar facilities, by following the selection and placement processes. Major manufacturers are also placing a premium on integrating software and systems that can efficiently implement inventory control, sorting, and distributing merchandise for faster return on investment (ROI).

Impact of COVID 19 on the global market for autonomous mobile robots

The COVID-19 outbreak has wreaked havoc in the manufacturing sector. Social distancing, quarantines and lockdowns have inspired the use of robots, particularly in ground operations. Many players also emphasize renting their automated systems as a way to promote their products. This will also allow warehouse and distribution owners to streamline the process in the event of a pandemic. Moreover, bot providers always focus on training their customers and developing bot center training to educate users. These activities are expected to help drive the growth of the global autonomous mobile robots market.

Global Autonomous Mobile Robots Market – Regional Insights

The global autonomous mobile robotics market is divided into five main regions: North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Europe has the highest market share and is the market leader. This is because major companies focus on growing their distribution channels in this region to increase sales, services, support, publishing and training services. For example, AutoGuide Mobile Robots reported in December 2020 that it was expanding its European operations by opening a new office in Munich, Germany, to provide the greatest level of assistance to its distributors and customers. Moreover, significant government investments in smart factories and Industry 4.0 are key factors boosting the European market for autonomous mobile robots.

The Asia Pacific (APAC) region, after Europe, is expected to experience strong growth during the analysis period. This is mostly due to the presence of both legal and unauthorized regional competitors using different marketing tactics to further expand their geographic reach, thus influencing the global market. Moreover, major Asia-Pacific countries such as China, Japan, South Korea and India are integrating emerging technologies, such as 5G networks, AI-based mapping, and localization. This in turn can have a positive impact on market growth.

Competitive scene
Notable companies in the global autonomous mobile robotics market include Cimcorp Automation, Locus Robotics, Aviation Industry Corporation of China, Omron Adept, Hi-Tech Robotic Systemz, Clearpath Robotics, General Atomics Aeronautical Systems, Aethon, SMP Robotics, Softbank Robotics, AutoGuide Mobile Robots, KUKA AG, IAM Robotics, NextShift Robotics, Stanly Robotics, Robotnik, and SESTO Robotics. These companies invest heavily in research and development activities, developing products and technologies, and establishing partnerships, joint ventures and partnerships.

Do not miss the opportunity to work in the global market for autonomous mobile robots. Consult our analysts to gain important insights and facilitate the growth of your business.

In-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global Autonomous Mobile Robots market. It also highlights the factors that drive overall market size expectations. The report promises to deliver recent technology trends in the global Autonomous Mobile Robots market and industry insights to help decision-makers make sound strategic decisions. Moreover, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Recent Developments

  • In January 2021ForwardX Robotics has launched a comprehensive range of AMRs under its Max Robotics brand to provide automated solutions for material handling in the manufacturing and warehousing operations.

  • in August 2020- Sesto Robotics has launched a new, autonomous, mobile robot designed to automate material handling procedures in the manufacturing, commercial and healthcare industries.

Report scope

characteristics

details

years considered

Historical data – 2018-2021

Base year – 2021

Estimated year – 2022

Forecast – 2022-2028

Covered facts

Revenue in billions of dollars

market coverage

North America (US and Canada), Europe (Germany, UK, France, Italy, Spain, Belgium, Netherlands, Nordic countries and rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina Peru, Colombia, Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, South Africa, Qatar, Kuwait, Iran, Nigeria, Kenya, Egypt, Algeria, Morocco, Rest of Middle East & Africa)

Product/service division

Type, application, battery type, end use, region

The main players

Cimcorp Automation, Locus Robotics, Aviation Industry Corporation of China, Omron Adept, Hi-Tech Robotic Systemz, Clearpath Robotics, General Atomics Aeronautical Systems, Aethon, SMP Robotics, Softbank Robotics, AutoGuide Mobile Robots, KUKA AG, IAM Robotics, NextShift Robotics, Stanely Robotics, Robotnik, SESTO Robotics.

by type

According to the application

Depending on the battery type

        • lead battery

        • Lithium-ion battery

        • Nickel battery

        • Aharon

According to the end use

by region

        • North Amarica

        • Europe

        • Asia Pacific

        • Latin america

        • Middle East and Africa

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