Autonomous Mobile Robots Market Size to Exceed USD 6.9 billion by 2031, with a Robust CAGR of 11.7%| States Transparency Market Research, Inc.

The market for autonomous mobile robots is being driven by the growth of the FMCG industry and an increase in the manpower shortage in end-use sectors.

Wilmington, Delaware, United States, Nov. 27, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. –The global autonomous mobile robots market was estimated at a value of US$ 2.3 billion in 2021. It is anticipated to register an 11.7% CAGR from 2022 to 2031 and by 2031 the market is likely to attain US$ 6.9 billion by 2031.

Distribution as well as fulfillment operations are under a great deal of strain due to the e-commerce sector’s rapid expansion. The majority of merchants are actively looking for ways to combat the ever-increasing complexity of fulfillment. In order to handle issues like labor management, order processing and tracking, and warehousing and distribution expenses, they are also searching for new technologies.

Request to Sample PDF of this Strategic Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=67910

Those with an interest in material handling and warehouse activities are spending a lot of money revamping their operating plans. This is expected to drive the market expansion of autonomous mobile robots in the near future.

Key Findings of Market Report

12. During two- to three-week-long cycles of high demand throughout the year, fulfillment volumes can increase by up to three times their typical rates.
13. This thus presents distribution hubs with significant personnel issues.
14. E-commerce companies more and more to get around these obstacles are using AMRs.
15. AMRs increase the return on capital investments, optimize operating expenses, and streamline procedures.
16. These advantages raise the need for AMRs in the e-commerce industry, which influences market data.

Market Trends for Autonomous Mobile Robots

12. Numerous end-user corporations are making large investments in AMR startups. ABB purchased the autonomous mobile robot firm ASTI Mobile Robotics Group in 2021.
13. Through the purchase, ABB became the only firm to offer a full portfolio for the upcoming generation of flexible automation, further expanding its robotics and automation offering. producer of forklifts Jungheinrich AG invested US$ 24.5 million in German AMR producer Magazino GmbH in September 2020.
14. The automation of internal transportation tasks including picking, sorting, and storage was limited to traditional automated guided vehicles (AGVs). AGVs are permanent installations used in situations requiring regular, repeated material delivery. These vehicles offer a delayed return on investment, but they also have a high initial cost.

Global Market for Autonomous Mobile Robots: Regional Outlook
Various reasons are propelling the growth of the autonomous mobile robots market throughout the region. These are:

12. Over the course of the projected period, North America is anticipated to hold a dominant position. The growth of automation in non-durable products and retail industries is propelling the regional market revenue. The need for AMRs in North America is also being driven up by the increased use of Industry 4.0 & 5.0, as well as the increased penetration of IoT and 5G.
13. The growth of the FMCG and automotive industries is driving the industry in Europe and Asia Pacific. The market value in these regions is also being driven by an increase in the consumption of clothing, footwear, and packaged food goods. Throughout the projected period, a medium rate of growth is expected for the industries in South America and the Middle East and Africa.

Customize the Report According to Your Needs:
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=67910

Some key developments by the players in this market are:

12. In September 2022, ROEQ teamed with OMRON to supply the ROEQ TMC500 solution for OMRON’s LD-250 AMR, doubling the AMR’s payload capacity to 500 kilograms (1,102lbs).
13. A startup called SIXAI, which specializes in integrating technology into legacy industries, revealed intentions to roll out MAESTRO, an AI-enabled autonomous mobile robot management platform, globally in September 2022.
14. After acquiring ASTI Mobile Robotics in 2021, ABB introduced its first line of renamed ARMs in September 2022.
15. Locus Robotics introduced the Locus Vector and Locus Max AMRs in March 2022. The small AMR Locus Vector has a strong payload capacity and omnidirectional movement. With its heavyweight payload capacity and enhanced versatility, the Locus Max AMR is well suited for material handling and industrial applications.

Global Autonomous Mobile Robots Market: Key Players

Manufacturers within the global autonomous mobile robots market are constantly evolving to improve navigation, sensing, and control systems. To increase productivity and safety, they are combining machine learning, artificial intelligence, and sophisticated sensors.

Manufacturers frequently work in tandem with technology suppliers to address a range of industrial as well as logistical automation requirements, which propels market growth. The following companies are well-known participants in the global autonomous mobile robots market:

12. Addverb Technologies Limited
13. AMS, Inc.
14. ANYbotics AG
15. Berkshire Grey
16. Continental AG
17. ECA Group
18. Fetch Robotics, Inc.
19. Gridbots Technologies Private Limited
20. Hikrobot Technology Co., Ltd.
21. Intel Corporation
22. Kollmorgen
23. Körber AG
24. KuKa AG
25. Locus Robotics
26. Mobile Industrial Robots A/S
27. OMRON Corporation
28. Peer Robotics
29. Shanghai Quicktron Intelligent Technology Co. Ltd.
30. Teradyne Inc.
31. Tetrahedron Manufacturing Services
32. Universal Robots
33. Youibot Robotics Co. Ltd.

Global 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

Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Enquire Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=67910

Browse More Reports by TMR:

Infrared Sensors Market– The infrared sensors industry research report by TMR states that the industry was valued at US$ 680.9 Mn in 2021. It is projected to expand at a CAGR of 5.4% from 2022 to 2031.

Wireless Charger Market– The global wireless charger market is anticipated to expand at a CAGR of 31.9% during the forecast period, 2022 to 2031.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

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.

Contact:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com     
Blog: https://tmrblog.com     

Email: sales@transparencymarketresearch.com