Autonomous Mobile Robots Market Size, Share, Growth by 2030

The market for autonomous mobile robots (AMRs) was valued at approximately US$ 1,403.09 million in 2022 and is projected to grow to around US$ 8,727.74 million by 2030, reflecting a compound annual growth rate (CAGR) of 25.7% from 2023 to 2030.

Autonomous mobile robots serve as versatile solutions for a variety of tasks in manufacturing and warehouse settings, providing the flexibility to execute operations at designated locations. These robots find applications in logistics, manufacturing, distribution, and more. They are capable of transporting items within a warehouse or factory environment, as well as performing tasks such as picking and placing products or assembling components. Additionally, AMRs can handle various manufacturing processes, including material handling, painting, and assembly, and are also utilized for product inspection and quality control. Given these capabilities, the autonomous mobile robots market is anticipated to experience substantial growth during the forecast period from 2023 to 2030.

One of the key benefits of AMRs is their ability to comprehend their surroundings, allowing them to navigate around obstacles and operate safely alongside human workers. Unlike automated guided vehicles (AGVs), which require fixed paths such as QR codes or magnetic tape for navigation, AMRs utilize data from laser scanners, cameras, and other sensors to interpret their environment and make autonomous decisions regarding their movements and tasks.

The advancements in autonomous technologies and the Internet of Things (IoT) have fostered an environment conducive to the adoption of AMRs across various sectors. In the automotive industry, AMRs facilitate streamlined material flow, enhance production efficiency, and reduce lead times. As automotive manufacturers increasingly focus on flexibility rather than sheer volume, particularly with the implementation of Just-In-Time (JIT) manufacturing practices, AMRs are becoming a favored logistics solution capable of swiftly adapting to evolving production processes and layouts. The rising integration of robotics in vehicle manufacturing is propelling the growth of the autonomous mobile robots market. Major automotive companies, including BMW and Toyota, are investing in robotics to enhance their manufacturing capabilities and strengthen their market positions. For instance, BMW has collaborated with Nvidia to create automotive mobile robots for internal factory use, aimed at automating material handling tasks.

Shifts in consumer lifestyles and purchasing behaviors, driven by increased disposable incomes, have led to a growing inclination towards online shopping. E-commerce platforms provide consumers with a vast selection of products while saving time and money compared to traditional retail stores. The proliferation of the Internet and smartphones further supports this trend, making online shopping more accessible. According to the India Brand Equity Foundation, the number of online shoppers in India reached 150 million in 2021 and is projected to grow to 350 million by 2026. The expansion of the e-commerce sector has significantly boosted the transportation of goods, thereby accelerating the growth of the autonomous mobile robots market by enhancing warehouse operations and optimizing supply chain processes. Numerous players in the e-commerce industry are swiftly adopting automated solutions, including AMRs, to efficiently manage large volumes of goods and meet consumer demands for quicker delivery times.

The analysis of the autonomous mobile robots market is categorized based on components, types, and end-use applications. In terms of components, the market is divided into hardware, software, and services. Regarding types, the market includes picking robots, self-driving forklifts, and autonomous inventory robots. For end-use applications, the market is segmented into manufacturing, distribution, and warehousing sectors.

Key players in the autonomous mobile robots market include KUKA AG, Milvus Robotics, Geekplus Technology Co Ltd, OMRON Corp, Clearpath Robotics Inc, Locus Robotics Corp, Move Robotic Sdn Bhd, Teradyne Inc, Kivnon Logistica SLU, and Boston Dynamics Inc. This market study also examined other prominent global and regional companies, emerging firms, and niche market participants to provide a comprehensive overview of the competitive landscape.