Autonomous Mobile Robots Market Forecast 2033: Growth Rate, Drivers, And Trends

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The Autonomous Mobile Robots by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Autonomous Mobile Robots, 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.

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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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

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.

The autonomous mobile robots market report table of contents includes:
1. Executive Summary
2. Autonomous Mobile Robots Market Characteristics
3. Autonomous Mobile Robots Market Trends And Strategies
4. Autonomous Mobile Robots Market – Macro Economic Scenario
5. Global Autonomous Mobile Robots Market Size and Growth
….
31. Global Autonomous Mobile Robots Market Competitive Benchmarking
32. Global Autonomous Mobile Robots Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Autonomous Mobile Robots Market
34. Autonomous Mobile Robots Market Future Outlook and Potential Analysis
35. Appendix

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