Autonomous Mobile Robots Market Report 2024: Analyzing Size, Share, & Trends and Demand

Autonomous Mobile Robots Market Analysis: Trends, Growth, Challenges & Major Players in 2024

The Autonomous Mobile Robots market is poised to experience substantial growth during the forecast period of 2024-2028. This comprehensive report provides an in-depth analysis of the market, including its size, share, growth potential, competitive landscape, key manufacturers/players/vendors, market segments and sub-segments, and future projections. The research also delves into the drivers and challenges of the market, revenue growth, future roadmap, standardization, deployment patterns, and forecasts.

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“The global autonomous mobile robots market size was valued at USD 1.67 billion in 2020 and is projected to reach USD 8.70 billion by 2028 from USD 1.97 billion in 2021, growing at CAGR of 23.7% during the forecast period. Based on our analysis, the global market exhibited a higher growth of 23.7% in 2020 as compared to the average year-on-year growth during 2017-2019. The global impact of COVID-19 has been unprecedented and staggering, with autonomous mobile robots witnessing a positive impact on demand across all regions amid the pandemic. The rise in CAGR is attributable to this market’s increasing demand and growth, returning to pre-pandemic levels once the pandemic is over.”

What is the Autonomous Mobile Robots Market?

The Autonomous Mobile Robots market encompasses various machinery and equipment used in sectors such as construction, manufacturing, consumer electronics, and more. This market research provides valuable insights for businesses, investors, and stakeholders in the Autonomous Mobile Robots industry.

Latest Trends in the Autonomous Mobile Robots Market

Technological Advancements: Innovations in automation, Internet of Things (IoT), and artificial intelligence (AI) are revolutionizing the Autonomous Mobile Robots market. These advancements enhance affordability, efficiency, and robustness, attracting new customers and driving market growth.

Driving Factors for the Autonomous Mobile Robots Market

Progressing Manufacturing Industry to Boost Market Growth in Asia-Pacific

Asia-Pacific is likely to dominate the robotic welding market share because of the progressing manufacturing industry and increasing industrial automation. The market in Asia-Pacific was USD 1.90 billion in 2020 and is projected to grow significantly in the upcoming years. Further, the adoption of industrial 4.0 welding technologies is likely to fuel the industry’s progress. The emergence of several manufacturing facilities is expected to bolster market progress. For example, OLA chose ABB as one of its partners in February 2021 for the opening of its Scooter’s mega factory in India. In addition, the presence of several established companies in China is likely to fuel market growth. 

Rising Demand: The increasing demand for machinery and equipment across various industries is a significant driver of market growth.

Restraining Factors for the Autonomous Mobile Robots Market

Supply Chain Disruptions: Global disruptions in the supply chain can lead to delays in obtaining raw materials and finished goods, impacting production and sales.

Segmentation of the Autonomous Mobile Robots Industry

By Type

  • Goods-to-person Picking Robots
  • Self-driving Forklifts
  • Autonomous Inventory Robots
  • Unmanned Aerial Vehicles

By Application

  • Sorting
  • Pick & Place
  • Tugging
  • Warehouse Fleet Management
  • Others

 By End-User

  • Warehouse & Distribution Centers
  • Manufacturing

Key Players in the Autonomous Mobile Robots Industry

  • Material Handling Systems. (U.S.)
  • Fetch Robotics, Inc. (U. S.)
  • IAM Robotics (U. S.)
  • NextShift Robotics (U.S.)
  • Stanley Robotics (U.S.)
  • Robotnik. (Spain)
  • SESTO Robotics. (Singapore)
  • HAHN Robotics GmbH (Germany)
  • Vecna Robotics (U.K.)
  • AutoGuide Mobile Robots (England)
  • SoftBank Robotics (France)

 

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FAQs

What is the growth rate of the Autonomous Mobile Robots Market?
The Autonomous Mobile Robots Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 23.7% from 2021 to 2028.

What are the key opportunities in the Autonomous Mobile Robots Market?
Technological advancements and rising demand across various industries present significant growth and investment opportunities.

What challenges does the Autonomous Mobile Robots industry face?
Supply chain disruptions and other factors can pose challenges for industry players.

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Conclusion

A comprehensive understanding of the Autonomous Mobile Robots market landscape is crucial for making informed decisions. This market research report provides valuable insights into the market trends, growth drivers, challenges, segmentation, and key players. By leveraging these insights, businesses can make strategic choices regarding market entry, expansion, and future planning.

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