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The global autonomous mobile robots (AMRs) market was valued at $29.3 billion in 2019 and is projected to reach $220.6 billion in 2030, demonstrating a CAGR of 18.3% during the forecast period (2020–2030). Growing demand for automation solutions and growing e-commerce industry are the key factors driving the market.
Among all regions, Asia-Pacific (APAC) held the largest share in the autonomous mobile robots market in 2019. Within APAC, China held the largest share in 2019. China is globally renowned as the largest e-commerce industry, making it lucrative for autonomous mobile robots market. However, India is projected to record the fastest growth during the forecast period, owing to surging retail industry. According to Invest India, Indian retail industry is projected to grow from $795 billion in 2017 to $1.7 trillion by 2020.
Factors Governing Autonomous Mobile Robots Market
Growing e-commerce industry is one the key factors driving the market. Due to rising internet penetration and increasing use of smartphones, there is a trend toward online shopping among the customers; resulting growth in e-commerce industry across the globe. For instance, in 2018, it has been recorded that the global e-commerce sales increased by around 22% from the previous year. Attributed to growing e-commerce sales, particularly in China and India, there is an increase in demand for improving efficiency in e-commerce fulfillment centers and warehouses.
For instance, e-commerce warehouses require various types of robots for reducing their labor cost and improving productivity. Additionally, e-commerce fulfilment centers and warehouses require robots for picking, moving, sorting, and other applications. Hence, to meet the growing demand for e-commerce industry, as well as for delivery of faster shipments to brick-and-mortar stores and other traditional supply chain uses, the warehouses and fulfilment centers are increasingly investing in these robots. Hence, growing e-commerce industry is driving the autonomous mobile robots market across the globe.
Development of mobile collaborative robot is a key trend observed in the market. A mobile collaborative robot refers to a collaborative robot manipulator mounted on these robots, offering the collaborative robot to travel around the work floor autonomously. A mobile collaborative robot reduces downtime between the tasks, uses less space than traditional industrial robots, and offers improved performance for the picking of items from shelves and material handling applications.
Moreover, a mobile collaborative robot reduces hands-on time required for the changeovers, thereby focuses on more value-added tasks. Due to various advantages of the mobile collaborative robots stated above, the companies are increasingly launching these robots in the market. For instance, in 2019, OMRON Corporation launched a collaborative mobile robot that is integrated with the LD series AMRs for automating the complex tasks in the manufacturing and material handling applications.
Segmentation Analysis of Autonomous Mobile Robots Market
Based on offering, the service category held the largest share in the autonomous mobile robots market in 2019. Service category incorporates the revenue generated from sale of aftermarket components, integration/deployment of these robots, and consulting services. Companies such as KUKA AG, Fetch Robotics Inc., OMRON Corporation, are offering robot-as-a-service (RaaS) ownership model, which has spurred the adoption of these robots, primarily by logistics and manufacturing end user sectors. This subscription model reduces the total cost of ownership (TCO) substantially.
In terms of robotic system , unmanned maritime vehicle (UMV) category is anticipated to exhibit fastest growth in the autonomous mobile robots market during the forecast period. This can be attributed to the growing adoption of UMV for defense and commercial application. Also, advancements in acoustic sensor technology has led to increase in efficiency for underwater mapping and navigation. Companies such as General Dynamics Corporation, Lockheed Martin Corporation, and L3 ASV, are developing military grade UMVs.
Based on end user, the logistics end user category contributed the largest revenue to the autonomous mobile robots market in 2019. This is ascribed to the large adoption of these robots for transporting goods within a warehouse and storage facilities, enabling real-time inventory management. This resulted in reduction in the overall cost of logistics and streamlining the supply chain. Additionally, according to International Federation of Robotics (IFR), over 5 million AMRs are expected to function, in around 60,000 warehouses, by 2025 across the globe. This is projected to drive the demand for these robots in logistics end user category during the forecast period.
Global Scenario of Autonomous Mobile Robots Market
Geographically, APAC held the largest share in the market during the historical period. China, Japan, and South Korea are the major consumers of these robots. Moreover, the market in the region is expected to exhibit fastest growth during the forecast period. This can be mainly attributed to the growing e-commerce industry, that has been credited as a major stimulus for the rising demand for smart warehouses for streamlining the supply chain. These robots are being deployed in these warehouses to simplify the process of storage and delivery of products.
Europe held the second largest share during the historical period. Within Europe, Germany contributed the largest revenue to the market in 2019 and is projected to showcase the positive growth in the near future. This can be attributed to the social and economy stability of Germany. For instance, according to World Bank, Germany witnessed a GDP growth of around 1.5% in 2018, indicating stable economy conditions for retailers and customers.
Competitive Landscape of Autonomous Mobile Robots Market
The autonomous mobile robots market is fragmented with the presence of numerous players in the market. The market is characterized by the presence of major companies, including KUKA AG, Omron Corporation, Teradyne Inc., Clearpath Robotics Inc. and Fetch Robotics Inc. Some of the other prominent players operating in the market are 6 River Systems Inc., inVia Robotics Inc., Geekplus Technology Co. Ltd., Grey Orange Pte. Ltd., IAM Robotics, and Cobalt Robotics Inc.
Recent Strategic Developments of Major Market Players
Major players of the autonomous mobile robots market, including KUKA AG, Omron Corporation, Teradyne Inc., Clearpath Robotics Inc. and Fetch Robotics Inc, are focusing on product launches and partnerships. For instance, in January 2019, Fetch Robotics Inc. partnered with Ryder System Inc., a supply chain solutions provider for deploying AMRs, for material handling and data collection workflows operations in the U.S. With this partnership, the company aims to offer AMR solutions to serve both Ryder System Inc.’s customers and warehouse employees; thereby making logistics and supply chain more efficient and safer.
Autonomous Mobile Robots Market Size Breakdown by Segment
The autonomous mobile robots market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Offering
Based on End User