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Autonomous Mobile Robot Market To Exhibit A Significant Growth Rate; Thriving e-commerce industry to spur growth
PUNE, India, May 23, 2023 (GLOBE NEWSWIRE) — Global autonomous mobile robot market The size is expected to reach USD 8.70 billion in 2028. Fortune Business Insights has said in a report that the high reliance on automation to manage the supply chain ecosystem coupled with the fast-growing e-commerce industry will drive the growth of the autonomous mobile robots market in the coming years. Will give Titled “Autonomous Mobile Robots Market Size, Share and Industry Analysis, By Type (Goods-to-Person Picking Robots, Self-Driving Forklifts, Autonomous Inventory Robots, and Unmanned Aerial Vehicles), By Application (Sorting, Pick and Place, Tugging, Warehouse Fleet Management & Others), by End-User (Warehouse & Distribution Centers & Manufacturing) and Regional Forecast, 2021-2028. The market size in 2020 was USD 1.67 Billion.
Autonomous Mobile Robot Market Report Key Insights:
Autonomous Mobile Robots market research report provides you with comprehensive and insightful information about Autonomous Mobile Robots industry. This report is a valuable tool for businesses, investors and decision makers to understand market dynamics, assess opportunities and make informed strategic decisions.
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This report gives you an overview of the key findings, conclusions and recommendations of the report presented in a concise and clear manner. Background information about the market or industry analysis, including its size, growth rate, key players, and key trends. The report also provides an analysis of the current state of the market, including its historical performance, current market size, and projected growth prospects.
market segmentation: Identification and analysis of different market segments based on factors such as demographics, consumer behavior, or product/service type.
competitive analysis: Assessment of the competitive landscape including analysis of key competitors, their market share, strengths, weaknesses and strategies.
market trends: Identification and analysis of important market trends, emerging technologies, regulatory changes and other factors that may influence the future of the market.
SWOT analysisAn evaluation of market strengths, weaknesses, opportunities and threats, highlighting key areas of advantage or vulnerability.
market forecast: Future estimates and projections regarding the growth potential of the market, including revenue forecast, market size, and growth rate.
recommendations: Actionable insights and recommendations for businesses based on research findings aimed at maximizing opportunities and minimizing risks.
Essential strategies adopted by companies to adapt to the market amid Coronavirus
The workforce shortage due to coronavirus has disrupted the supply chain of many industries, affecting the global market. Companies are constantly making efforts to educate their employees about robotics so that they can use robots seamlessly in their operations. Furthermore, key players have adopted marketing strategies such as mergers and acquisitions, joint ventures, collaborations, and advanced robotic solutions to generate revenue during the pandemic. For example, in February 2021, Verizon, an American multinational telecommunications conglomerate, announced that it had entered into a definitive agreement to acquire Incubed IT, a software platform maker to manage, manage and optimize mixed fleet robots in industrial settings. have signed. The agreement will help the companies harness the new competencies in their autonomous mobile robot fleets.
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The report lists the key players in the Autonomous Mobile Robots market:
content management system. (United States of america)
Fetch Robotics, Inc. (United States of america)
IAM Robotics (USA)
NextShift Robotics (USA)
Stanley Robotics (USA)
Sesto Robotics. (Singapore)
HAHN Robotics GmbH (Germany)
Vecna Robotics (United Kingdom)
AutoGuide Mobile Robot (Eng)
SoftBank Robotics (Paris)
Self-driving forklifts to dominate the market
Based on type, the market has been classified into cargo-to-person picking robots, self-driving forklifts, autonomous inventory robots, and unmanned aerial vehicles. The self-driving forklift segment is expected to witness rapid growth during the forecast period owing to the growing e-commerce industry. In addition, rapid technological advancements in data connection drive the demand for real-time delivery and smart mapping, thereby aiding the growth of the segment.
On the basis of application, the market is segmented into sorting, pick and place, tugging, warehouse fleet management, and others. The pick and place segment is expected to account for the highest share due to rising labor cost across developed and developing economies.
On the basis of end-user, the market is classified into warehouses & distribution centers and manufacturing. The warehouse and distribution center segment is expected to grow at a significant rate due to increasing e-commerce sales.
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Growing e-commerce industry to fuel growth
The booming e-commerce is expected to create lucrative opportunities for the global market. The e-commerce industry allows warehouse and distribution center owners to improve their operational workflows from manual to automation to meet the changing buying patterns of consumers. For example, in February 2020, the US Department of Commerce reported 16.0% of total retail sales on online platforms. In addition, online sales data, showing data from e-commerce sales from May to June, was nearly 40% higher than the pre-pandemic benchmark week of February to March.
Furthermore, integration of autonomous mobile robots into the supply chain by major e-commerce companies will augur well for the autonomous mobile robots market. For example, in December 2020, Sam’s Club, a Southern California fulfillment center, integrated GreyOrange autonomous mobile robots into its e-commerce orders. This will help optimize processes allowing associates more time to enhance their skills for other applications. According to Sam’s Club estimates, the firm’s e-commerce sales will reach US$363 million by the end of the third quarter of 2020, compared to US$277 million in the previous year.
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Adoption of Advanced Technologies to Enable Growth in Asia Pacific
Geographically, the market is classified into five major regions, namely North America, South America, Europe, Middle East & Africa, and Asia Pacific. Asia Pacific is expected to experience the fastest growth rate during the forecast period. The growth is attributed to the presence of players in the region. China, Japan, South Korea, India and others are integrating advanced technologies, mainly 5G networks, AI-based route mapping and localization, and others in the Asia Pacific region, creating market opportunities. Europe is expected to account for a significant autonomous mobile robot market share during the forecast period owing to the increasing sales, service & support, deployment, and training services in the European countries. For example, in December 2020, Autoguide Mobile Robots expanded its European operations and setup office in Munich, Germany, to deliver the highest level of support for its distributors and customers. In addition, large-scale investments by government agencies for smart factories and Industry 4.0 will aid growth in Europe.
July, 2020: Omron Automation Americas expands its autonomous material transportation solutions by introducing heavy-duty mobile robots for large payload capacity applications.
table of content:
definition, by section
Macro and Micro Economic Indicators
Drivers, Restrictions, Opportunities and Trends
Impact of COVID-19
short term effect
long term effects
Business Strategies Adopted by Key Players
Integrated SWOT analysis of key players
porter’s five forces analysis
Global Autonomous Mobile Robot Market Share Analysis and Metrics, 2020
Key Market Insights and Strategic Recommendations
Profile of key players (will be awarded for 10 players only)
preliminary interview responses
Annexure / Addendum
Global Autonomous Mobile Robots Market Size Estimates and Forecasts (Quantitative Data), by Segment, 2017-2028
by type (usd bn)
by region (USD Bn)
middle east and africa
North America Autonomous Mobile Robot Market Size Estimates and Forecasts (Quantitative Data), by Segment, 2017-2028
by type (usd bn)
By Country (USD Bn)
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