The global autonomous mobile robots market is expected to grow at a significant CAGR of 46% during the forecast period of 2024 to 2032. Advances led by research robotics have widened its applications across multiple sectors. The autonomous mobile robot is any robot that can understand and move through its environment without being overseen directly by an operator or on a fixed predetermined path. Autonomous mobile robots are classified according to their function of handling products as with SLAM (simultaneous localization and mapping) and without SLAM.

Manufacturing Applications Lead the Market, while Healthcare Promises Huge Potential

Transportation and logistics, food and beverages, automotive, military, construction, medical, entertainment, and education are some of the sectors where autonomous mobile robots are being adopted. This technology ensures minimum use of human resources to avoid risk factors in certain activities. Manufacturing application is the largest revenue-generating segment which is expected to reach more than 1 billion by 2029. However, the healthcare and hospitality industry remains the fastest-growing segment which is expected to grow at a CAGR of 51% during the forecast period of 2024 to 2032. The factors such as e-commerce, scarcity of human resources, adoption of technology, and demand for accuracy drive market growth.

Demand for Resources Compels Adoption of AMRs in North America

North America dominates the autonomous mobile robots market. The lack of resources has created widened opportunities for AMRs. North America has always focused on automation technologies for the same reason. The advancements in AMRs to replace resources have been the largest motivating factor for the deployment of such technologies. With increasing online purchasing, AMRs have been perceived as an effective solution to manage logistics.  

In 2023 there were about 2.7 million units of industrial robots working across the globe.  Europe has invested over $ 12 billion in 2021 in technologies such as AI, thereby opening up growth for techno businesses. Government initiatives are expected to boost the market growth. In Asia, China, Japan, and Korea are some of the leading countries with respect to the applications of autonomous mobile robots. China is expected to grow at a CAGR of 25% from 2024 to 2032 and remains the second fastest-growing region followed by North America.

Pandemic Had a Negative Impact on Market

The pandemic has affected the market adversely due to the lockdown that led to restriction of manufacturing, logistics and operations. The pandemic has hampered the growth of autonomous mobile robot market and is expected to regain in Q2, Q3 in 2023. High installation cost, high power consumption and regular maintenance costs have further hindered the market now than before due to increased market sensitivity towards cost post pandemic.

Key Players

Key players in the market include Geek+, GreyOrange, ABB, Bleum, Boston Dynamics, Clearpath Robotics, Grey Orange, Harvest Automation, IAM Robotics, inVia Robotics, Kuka AG, Samsung Electronics. Research and development and developing cost efficient models remain as the key focus areas among the market players.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Autonomous Mobile Robots market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Autonomous Mobile Robots market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Autonomous Mobile Robots market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Autonomous Mobile Robots market?
• Which is the largest regional market for Autonomous Mobile Robots market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Autonomous Mobile Robots market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Autonomous Mobile Robots market worldwide?