Wilmington, Delaware, United States, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global market is projected to grow at a CAGR of 11.7% from 2022 to 2031. Rise in adoption of automation in the FMCG sector is propelling autonomous mobile robots market growth. Increase in trend of robotic automation in e-commerce fulfilment centers presents attractive opportunities for manufacturers in the global autonomous mobile robots industry.
Businesses in end-use industries are leveraging autonomous mobile robots (AMRs) to improve operational efficiency and productivity. Companies in the pharmaceutical, chemical, automotive, and food & beverage industries have increased the deployment of AMRs in their factory floors.
AMRs are considered more flexible and cost-effective to deploy than automated guided vehicle (AGVs). AMRs do not need much human oversight; hence, these are gaining traction in Industry 4.0 practices.
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Key Findings of Study
- Rise in Adoption of AMRs in Multiple Industries: Rise in usage of smart robotics solutions in various industries is creating significant opportunities for manufacturers of autonomous mobile robots. Increase in applications of these machines in warehouses for material handling, sorting, and picking operations is generating substantial revenue for companies. Integration of artificial intelligence and machine learning technologies and sophisticated sensors and camera systems in AMRs have made them safer and precise in navigation tasks in end-use industries.
- Increase in Deployment of AMRs in E-commerce Sector to Accelerate Autonomous Mobile Robots Market Development: Businesses in the e-commerce sector have rapidly deployed autonomous mobile robots in the past few years. These are investing significantly in warehouse automation in order to address the rise in e-commerce sales. AMRs enable companies in the end-use industries to reduce order fulfillment time, streamline logistics activities, and lower overall labor cost. This has led to increase in productivity in factories and warehouses.
Key Drivers
- Rapid expansion of the e-commerce sector is a key driver of the global autonomous mobile robots industry
- Manufacturers in the global autonomous mobile robots market are equipping their products with artificial intelligence and advanced sensing technologies
- Increase in adoption of AI-powered mobile robot system on the factory floor is likely to create lucrative opportunities for robotics companies
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Regional Growth Dynamics
- North America is projected to account for significant share of the market during the forecast period. Rapid pace of penetration of Industry 4.0 technologies, such as IoT and AI in smart manufacturing, has fueled lucrative opportunities for robotics manufacturers. They are developing robotics technology for IoT- and AI-based smart automation system to cater to demand for smart machines used in Industry 4.0. Furthermore, emergence of Industry 5.0 practices is likely to create new revenue streams for companies in the region.
- As per autonomous mobile robots market outlook, Asia Pacific is projected to be a lucrative region during the forecast period. This is ascribed to rise in sales of packaged food products, apparel, and footwear. Rapid expansion of the FMCG and automotive manufacturing industries is likely to accelerate market development in the region.
Competition Landscape
The autonomous mobile robots market landscape is fragmented, with the presence of a large number of companies. Prominent companies in the market are Universal Robots, Teradyne Inc., Peer Robotics, Locus Robotics, KuKa AG, Körber AG, Kollmorgen, Intel Corporation, Fetch Robotics, Inc., ECA Group, ECA Group, Berkshire Grey, ANYbotics AG, and AMS, Inc.
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Autonomous Mobile Robots Market Segmentation
- Offering
- Hardware
- Software
- Services
- Type
- Conveyor
- Lifting
- Automatic Trolley
- Multifunctional
- Others
- Load Capacity
- Up to 500 Kg
- 500 Kg - 1000 Kg
- 1000 Kg - 2000 Kg
- Above 2000 Kg
- Application
- Cardboard Boxes
- Trays
- Kegs
- Buckets
- Bags
- Crates
- Foil Bundles
- Others
- End-use Industry
- Food & Beverage
- Beauty & Personal Care
- Pharmaceutical
- Chemical
- Automotive
- Others
Regions Covered
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Countries Covered
- U.S.
- Canada
- Germany
- U.K.
- France
- Spain
- Italy
- Russia & CIS
- Japan
- China
- India
- ASEAN
- Brazil
- Mexico
- GCC
- South Africa
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About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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