Autonomous Mobile Robot Market to Observe Highest Growth of USD 18.9 billion with Growing CAGR of 21.8% by 2032

By end user, the warehouse or distribution center segment is anticipated to exhibit significant growth in the future.

WILMINGTON, NEW CASTLE, DELAWARE, US, February 29, 2024 /EINPresswire.com/ — 𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐞𝐬 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐨𝐟 𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐌𝐨𝐛𝐢𝐥𝐞 𝐑𝐨𝐛𝐨𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐯𝐚𝐥𝐮𝐞 𝐚𝐭 $𝟏𝟖.𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, 𝐡𝐚𝐯𝐢𝐧𝐠 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐝 𝐭𝐡𝐞 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 $𝟐.𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧, 𝐰𝐢𝐭𝐡 𝐚 𝐧𝐨𝐭𝐞𝐰𝐨𝐫𝐭𝐡𝐲 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟐𝟏.𝟖% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝 𝐨𝐟 𝟐𝟎𝟐𝟐 𝐭𝐨 𝟐𝟎𝟑𝟐. Allied Market Research published a report, titled, “Autonomous Mobile Robot Market by Type (Goods to Person Picking Robots, Self Driving Forklifts, Autonomous Inventory Robots, and Unmanned Aerial Vehicles), Application (Sorting, Pick and Place, Tugging, Warehouse Fleet Management, and Others), and End User (Warehouse or Distribution Center, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032”.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/A16218

Autonomous vehicles such as self-driving tractors are now being used in the agriculture industry to accurately guide fertilizer application while avoiding damage to growing plants, regardless of light conditions or weather challenges. The advanced GPS and sensor technologies in these vehicles allow them to operate unmanned around the clock. Meanwhile, many retailers are exploring the use of robotics to supplement their workforce, including in-store shopping assistants that can help customers locate products, retrieve items from high shelves, and provide personalized product recommendations.

Several factors, including the need for increased productivity and efficiency, lower labor costs, and rising demand for automation in industries such as automotive and electronics, are driving the adoption of autonomous mobile robots growth across the world. Reduction in human error and demand for automation processes are factors that are expected to drive the autonomous mobile robot market in the region during the forecast period.

Prime determinants of growth:

The global autonomous mobile robot market is expanding rapidly due to developments in e-commerce, the increase in need for autonomous systems, and surge in demand for automation solutions among several industrial sectors. On the other hand, adoption of Industry 4.0 In warehousing and logistics, technological advancements in the development of latest autonomous mobile robots and higher demand for warehouse automation from emerging countries will provide lucrative opportunities of growth throughout the forecast timeframe.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/autonomous-mobile-robot-market/purchase-options

Employment Concerns and Ethical Considerations-

However, there are also concerns about the impact of autonomous mobile robots on employment. While these robots can help optimize efficiency and reduce costs, they may also displace human workers in certain industries. It is essential to consider the potential impact of these robots on the workforce and to ensure that any changes are managed in a responsible and ethical way.

One of the main challenges that comes with using autonomous mobile robots (AMRs) for warehouse automation is ensuring safety, in addition to addressing labor-related issues. For example, according to the US Department of Labor and the Occupational Safety and Health Administration (OSHA), forklifts – which are typically used for moving and transporting pallets within a warehouse – are involved in over 11% of warehouse accidents. However, the emergence of AMRs that can handle pallet or bulk movements has the potential to significantly reduce reliance on forklifts for certain activities, which could result in a safer warehouse environment.

In terms of application, the pick and place segment garnered the highest market revenue of more than two-thirds of the global autonomous mobile robot market in 2021 and is projected to retain its dominance from 2022 to 2032. The reason behind the growth of the segment is pick and place robots allow factories to utilize automated solutions for lifting products or objects from one place and keeping them at another one. Moreover, the warehouse fleet management segment would cite a notable CAGR of 24.8% during the forecast period. The growth is attributed to the elevated demand for solutions to improve performance and fleet management. To meet this demand several autonomous mobile robot suppliers launched fleet management solutions.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐆𝐞𝐞𝐤𝐩𝐥𝐮𝐬 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐂𝐨., 𝐋𝐭𝐝., 𝐈𝐀𝐌 𝐑𝐎𝐁𝐎𝐓𝐈𝐂𝐒, 𝐅𝐨𝐫𝐭𝐧𝐚 𝐈𝐧𝐜., 𝐓𝐞𝐫𝐚𝐝𝐲𝐧𝐞 𝐈𝐧𝐜., 𝐎𝐌𝐑𝐎𝐍 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐊𝐔𝐊𝐀 𝐀𝐆, 𝐂𝐨𝐧𝐯𝐞𝐲𝐨 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬, 𝐋𝐨𝐜𝐮𝐬 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬, 𝐂𝐥𝐞𝐚𝐫𝐩𝐚𝐭𝐡 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐈𝐧𝐜., 𝐁𝐨𝐬𝐭𝐨𝐧 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A16218

The demand for Autonomous Mobile Robots (AMRs) is rapidly growing as more industries and businesses are recognizing the benefits of these versatile machines. AMRs are designed to operate without the need for human intervention, making them ideal for a variety of applications, from manufacturing and logistics to healthcare and hospitality. In recent years, there have been significant developments in AMR technology, which has led to an increase in product launches, mergers, and acquisitions in this space.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The regional analysis in the report states that, the market across Asia-Pacific region was largest in 2021 grabbed the highest revenue of nearly half of the overall market revenue and is anticipated to retain its dominance in terms of revenue from 2022 to 2032. China is a leading market for latest autonomous mobile robots, owing to its fast-advancing industrial sector. The heightened demand for automation from logistic centers drives the expansion of the autonomous mobile robot industry across the region. However, numerous companies are incorporating autonomous mobile robots in distribution centers and warehouses to improve efficiency and productivity. Europe, on the other hand, would experience rapid growth with 23.5% CAGR during the forecast period. Robotics and automation are gaining momentum in industries like e-commerce, healthcare, and manufacturing across the region.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By type, the unmanned aerial vehicles segment is anticipated to exhibit significant growth in the future.

By application, the warehouse fleet management segment is anticipated to exhibit significant growth in the future.

By end user, the warehouse or distribution center segment is anticipated to exhibit significant growth in the future.

By region, Europe is anticipated to register the highest CAGR during the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐑𝐨𝐛𝐨𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 – https://www.globenewswire.com/en/news-release/2021/10/07/2310123/0/en/Delivery-Robot-Market-to-Garner-30-05-Billion-by-2030-Allied-Market-Research.html

𝐒𝐦𝐚𝐫𝐭 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 – https://www.prnewswire.com/news-releases/smart-mobility-market-to-reach-70-46-bn-globally-by-2027-at-20-2-cagr-allied-market-research-301113746.html

𝐒𝐦𝐚𝐫𝐭 𝐒𝐞𝐚𝐭 𝐁𝐞𝐥𝐭 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 – https://www.globenewswire.com/news-release/2022/09/15/2516994/0/en/Smart-Seat-Belt-Technology-Market-Is-Expected-to-Garner-36-8-Billion-by-2031-Says-Allied-Market-Research.html

𝐒𝐞𝐥𝐟-𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐁𝐮𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 – https://www.alliedmarketresearch.com/self-driving-bus-market

David Correa
Allied Market Research
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