Dublin, March 06, 2023 (GLOBE NEWSWIRE) -- The "Global Autonomous Mobile Robots Market Size and Share Analysis By Offering, End-user, Application - Industry Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The total size of the autonomous mobile robots market was USD 3,148 million in 2022, and it will reach a value of USD 10,979 million by 2030, advancing at rate 16.90% in the years to come, as per the report.
Companies Mentioned
- BAE Systems Plc
- Cobham plc
- General Atomics Aeronautical Systems Inc.
- 6 River Systems Inc.
- Fetch Robotics Inc.
- OMRON Corporation
- inVia Robotics Inc.
- Geekplus Technology Co. Ltd.
- Grey Orange Pte. Ltd.
- ABB Ltd.
- IAM Robotics
- KUKA AG
- Teradyne Inc.
- Textron Systems Corporation
The logistics category had the largest share of revenue, of about 29% in the past. These robots are chiefly installed for transportation of goods within a warehouse or storage capacity, therefore allowing actual inventory management. This results in a decrease in the complete logistics cost and streamlining supply chain.
Hence, as per the IFR, above 5 million AMRs will be functioning in about 60,000 warehouses worldwide by 2025.
Furthermore, a new breed of AMRs is assisting logistics firms with various warehouse duties. AMRs can release the humans from routine duties, letting them to lay emphasis on more-rewarding and value-adding activities.
In the years to come, a more-widespread acceptance of AMRs across a broader various use cases will be done, accompanied by progressions in their technical reliability and maturity.
The increasing requirement for factory automation solutions is a major factor driving the industry. Because of the increasing intricacies in manufacturing procedures, higher labor costs, lack of laborers, and growing emphasis on increased productivity, the requirement for factory automation solutions is increasing worldwide.
Likewise, logistical hubs and warehouses need AMRs for transportation and loading work. Additionally, in China and India, companies are more and more concentrating on automated solutions for compensating for labor shortages and advance the product quality, for competing in global markets.
APAC autonomous mobile robots market will have a significant growth rate of about 18.2% in the years to come. This will continue its dominance in the years to come. Peoples Republic, Japan, and South Korea are the key buyers of these robots, which, in line, is powering the global demand.
Moreover, because of the numerous government initiatives, for example Made in China 2025 and Make in India, which aim at accelerating automation in the manufacturing industry, the requirement for AMRs is increasing across the region, chiefly in India, Thailand, China, and Indonesia.
For example, in the Made in China 2025 plan, the government of China is applying automation and robotics technologies in the manufacturing sector.
Correspondingly, the Indian government is concentrating on formulating an ecosystem for the propagation of Industry 4.0 in each manufacturing-related sector of the nation by the 2025.
It is because of the increasing requirement for the automation of factory operations and growing e-commerce sector, the demand for autonomous mobile robots will increase significantly in the years to come.
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 240 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3148 Million |
| Forecasted Market Value (USD) by 2030 | $10979 Million |
| Compound Annual Growth Rate | 16.9% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Research Scope
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
Chapter 6. Industry Outlook
6.1. Market Dynamics
6.1.1. Trends
6.1.2. Drivers
6.1.3. Restraints/challenges
6.1.4. Impact analysis of drivers/restraints
6.2. Impact of COVID-19
6.3. Porter's Five Forces Analysis
Chapter 7. Global Market
7.1. Overview
7.2. Market Revenue, by Offering (2017-2030)
7.3. Market Revenue, by End-user (2017-2030)
7.4. Market Revenue, by Application (2017-2030)
7.5. Market Revenue, by Region (2017-2030)
Chapter 8. North America Market
Chapter 9. Europe Market
Chapter 10. APAC Market
Chapter 11. LATAM Market
Chapter 12. MEA Market
Chapter 13. U.S. Market
Chapter 14. Canada Market
Chapter 15. Germany Market
Chapter 16. France Market
Chapter 17. U.K. Market
Chapter 18. Italy Market
Chapter 19. Spain Market
Chapter 20. Japan Market
Chapter 21. China Market
Chapter 22. India Market
Chapter 23. Australia Market
Chapter 24. South Korea Market
Chapter 25. Brazil Market
Chapter 26. Mexico Market
Chapter 27. Saudi Arabia Market
Chapter 28. South Africa Market
Chapter 29. Competitive Landscape
29.1. List of Market Players and Their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments
Chapter 30. Company Profiles
Chapter 31. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/6ueewl
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