5th of November 2021
Insights

Global Autonomous Mobile Robot Market Is Forecasted to Reach $7.4bn by 2028

Autonomous mobile robots (AMRs) have triggered a drastic change in performing tasks commonly associated with manufacturing and distribution. Some of the tasks involved are material picking, handling, and sorting. These robots ensure reliability when handling raw material and manufactured items within any particular distribution and production facility. Therefore, any possible disruption in the operations is eliminated. AMRs are typically equipped with different types of sensors, such as LiDAR sensors, enabling safe navigation through workers and equipment. According to Magna Intelligence, the global market for autonomous mobile robots (AMRs) was estimated at 2.0 billion USD in 2020. The market is projected to reach the size of 7.4 billion USD by 2028, growing at a CAGR of 18.0% over the forecast period.

Key market trends and drivers attributing to growth include:

  • The advancing technology
  • Growing adoption of AMRs by the logistics industry
  • Rising number of AMRs used in the manufacturing sector
  • The low cost of procurement & maintenance of AMRs compared to staff salaries

Europe Is the Leading AMR Market, RoW and APAC to Grow Fastest

Europe is the current market leader of the global autonomous mobile robot market by 31% of the market share. North America is the second largest AMR market, claiming 29% of the market share. The Rest of the World and the Asia Pacific regions are projected to grow fastest during the forecast Eperiod until 2028. The Rest of the World is estimated to grow at a CAGR of 18.8%, and Asia Pacific at the rate of 18.3%.

By Type and End-User, Manufacturing And Goods-To-Person Picking Robots Lead the Market

Manufacturing takes up the largest share of the end-user market. However, the wholesale and distribution segment is expected grow faster, at a CAGR of 18.1% until 2028. When it comes to the types of AMRs, the goods-to-person picking robots segment claims the largest share (44%) of the market. The unmanned aerial vehicles (UAVs) are estimated to have the highest CAGR of 19.4% over the forecast period.

Autonomous Mobile Robot Competitive Landscape

The AMR market is highly competitive, and manufacturers are pursuing different strategic initiatives, such as M&A and R&D, in order to leverage competitiveness. The growing adoption of AMRs by the logistics industry, with the need to move products within facilities, is expected to drive the market as well. According to Wintergreen Research, the leading companies of the market include Mobile Industrial Robots (MiR), Omron Corporation, BlueBotics, KUKA / Swisslog, Seegrid, Fetch Robotics, Clearpath Robotics / OTTO Motors, Vecna Robotics and Balyo.

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