PUBLISHER: Polaris Market Research | PRODUCT CODE: 1526391
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1526391
The global autonomous mobile robots market size is expected to reach USD 12,359.1 Million by 2032, according to a new study by Polaris Market Research. The report "Global Autonomous Mobile Robots Market Size, Share, Trends, Industry Analysis Report: Information By Component (Hardware, Software, Services), By Type, By Battery Type, By Application, By Payload Capacity, By End Use, and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The autonomous mobile robots market is experiencing growth due to increased corporate investment in expanding robotics offerings globally. Companies are focusing on advancing autonomous mobile robot capabilities through substantial funding for design, development, and expansion. The allocation of funds contributes to the expansion of the global delivery partner network and the acceleration of product roadmap development tailored for industrial clients, with a specific emphasis on advancing autonomous technology. Thus, the increasing corporate investment in expanding robotics offerings is a key driver of the autonomous mobile robots market.
Furthermore, government initiatives to implement Industry 4.0 manufacturing technologies are significantly fueling the sales of the autonomous mobile robots market. The initiatives include policies, subsidies, and funding aimed at encouraging the adoption of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and robotics within the manufacturing sector. Governments are assisting manufacturers to enhance their operational efficiency, productivity, and competitiveness by promoting the integration of previously mentioned technologies. This governmental support accelerates the deployment of autonomous mobile robots, thereby contributing to the growth of the market.
In the autonomous mobile robots market, significant investments are being made in research and development to bring forward innovative and efficient robots for global deployment. For instance, in February 2024, OMRON Automation Americas introduced the MD Series of autonomous mobile robots, expanding its existing range and catering to a wide array of part and material transport applications. The continuous introduction of enhanced products sustains market competitiveness and incentivizes businesses to integrate autonomous mobile robots into their operations. Consequently, the market growth of autonomous mobile robots is being propelled by the launch of new robotics products with advanced features.
The assembly segment held the highest revenue share in the autonomous mobile robots market due to its increasing adoption by diverse industries, including pharmaceuticals, automotive, and FMCG.
The wholesale and distribution segment within the autonomous mobile robots market is expected to grow with a significant CAGR due to its expanding utilization in warehouse and logistics operations.
The North American autonomous mobile robots market dominated the global market in terms of revenue due to the region's healthcare sector and the introduction of healthcare-focused robots by automation firms.
The global key market players are ABB, BALYO, Bastian Solutions, LLC, Boston Dynamics, Clearpath Robotics, Inc. (Rockwell Automation Company), Crown Equipment Corporation, Daifuku Co., Ltd., GreyOrange, Harvest Automation, Hyster-Yale Materials Handling, Inc., inVia Robotics, Inc., JBT, Jungheinrich AG, Karter, KUKA AG, LexxPluss, MITSUBISHI LOGISNEXT CO., LTD., Mobile Industrial Robots, Omron Corporation, Onward Robotics, Richtech Robotics, Toyota Material Handling, WEG, and Zhejiang Guozi Robotics Co., Ltd.
Polaris Market Research has segmented the Autonomous Mobile Robots Market report based on component, type, battery type, application, payload capacity, end-use, and region:
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