The autonomous mobile robots for logistics and warehousing market is likely to register a CAGR of 22.7% during the forecast period and is anticipated to reach a market share of USD ~17 Billion in 2032, from USD 2.42 Billion in 2022.
The demand for supply chain management continues to rise as the major retail and e-commerce giants are expanding their business operations globally.
With this trend, there is a corresponding rise in demand for autonomous mobile robots for logistics and warehousing and sales of autonomous mobile robots for logistics and warehousing to fulfil logistics and delivery, which employs a large workforce to manage these services.
Attributes | Details |
---|---|
Autonomous Mobile Robots for Logistics and Warehousing Market (CAGR) | 22.7 % |
Autonomous Mobile Robots for Logistics and Warehousing Market (2021) | USD 1.97 billion |
Autonomous Mobile Robots for Logistics and Warehousing Market (2022) | USD 2.42 Billion |
Autonomous Mobile Robots for Logistics and Warehousing Market (2032) | USD ~17 billion |
Manual labour is cost-intensive and involves huge investments for retailers. Hence, there has been a growing demand for autonomous mobile robots for logistics and warehousing applications.
The autonomous mobile robots (AMRs) deployment has drastically changed the logistics and warehousing landscape. Retailers are integrating these autonomous mobile robots into their traditional warehousing applications to automate the material handling processes.
These autonomous mobile robots are cost-effective as they drastically reduce the in-house transportation time, automate material handling with zero-defect production, improve safety and thus reduce the overall labour cost.
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Increasing Demand for Logistics & Warehouse Automation
A few years ago, the logistics and warehouse operations and processes were carried out manually, employing thousands of workers for material handling and carrying out in-house logistics operations.
As the supply-chain industry flourished globally in the past few years, there has been a huge demand for autonomous mobile robots for logistics and warehousing and sales of autonomous mobile robots for logistics and warehousing operations to improve order fulfilment and in-house distribution of goods with the ultimate goal to reduce the labour costs.
The adoption of autonomous mobile robots for logistics and warehousing has solved many problems posed by the booming supply-chain demands.
Autonomous mobile robots for logistics and warehousing manufacturers are collaborating with warehouse operations for automated inventory handling and movement, tracking and locating materials within the warehouse facilities, freeing the human workforce from such time-consuming processes and thus improving the material handling efficiency within the warehouses.
The Asia Pacific is estimated to be a highly lucrative region in autonomous mobile robots for logistics and warehousing market share. The autonomous mobile robots for logistics and warehousing market share and eCommerce are growing at a lightning pace within the Asia Pacific countries such as China, India, and South-East Asia.
The significant growth demand for autonomous mobile robots for logistics and warehousing’s massive investment into warehouse automation via the deployment of autonomous mobile robots fulfils the demand for the labour shortage and improves material handling operations to drive scalability, reliability, and efficiency.
In growing economies like India, the autonomous mobile robots for the logistics and warehousing market and the sales of autonomous mobile robots for logistics and warehousing are booming at an unprecedented rate and are estimated to attract nearly USD10 billion in investments in the next 5 years.
To address this huge investment and supply chain demand for autonomous mobile robots for logistics and warehousing, the logistics and warehouse operations are shifting from manual to automated operations through the deployment of sales of autonomous mobile robots for logistics and warehousing for effective material handling.
Rapid growth in the e-commerce Industry globally.
The e-commerce industry worldwide is growing at a breakneck pace. The global e-commerce sales of autonomous mobile robots for logistics and warehousing were valued at USD 2.4 trillion in 2017 and are estimated to be nearly USD 3.0 trillion by 2018, with US and China dominating the global e-commerce segment of autonomous mobile robots for the logistics and warehousing market.
Due to this ever-growing e-commerce trend, retailers are facing challenges such as a shortage of labour for warehouse management, complicated order fulfilment processes, and more. Logistics and warehouse automation technologies such as autonomous mobile robots have made tremendous developments in recent years to overcome these supply-demand challenges.
Key players in the autonomous mobile robots for logistics and warehousing market share are focusing on strategic collaboration and partnerships with major retailers as well as product innovations and developments for sustained business growth.
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Report Attribute | Details |
---|---|
Growth rate | CAGR of 22.7% from 2022 to 2030 |
Base year for estimation | 2021 |
Historical data | 2015 to 2020 |
Forecast period | 2022 to 2032 |
Quantitative units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
Segments covered | Product, application, region |
Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
Key companies profiled | Kuka AG; Teradyne, Inc.; Clearpath Robotics, Inc.; Grey Orange Pte. Ltd.; Swisslog Holding AG; K. Hartwall Oy AB; Boston Dynamics, Inc.; Harvest Automation, Inc.; inVia Robotics, Inc.; and Omron Adept Technology; Inc. |
Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The autonomous mobile robots for logistics and warehousing market share are likely to register a CAGR of 22.7% during the forecast period.
Key players holding substantial autonomous mobile robots for logistics and warehousing market share include Material Handling Systems., Fetch Robotics, Inc., IAM Robotics, NextShift Robotics, Stanley Robotics, Robotnik, SESTO Robotics, HAHN Robotics GmbH, Vecna Robotics, AutoGuide Mobile Robots, Robotics.
As per the analysis, the autonomous mobile robots for logistics and warehousing market share are likely to be USD 8.7 Billion by 2032.
Due to the exponential growth of the sales of autonomous mobile robots for logistics and warehousing, warehouse and distribution centre operators may now focus on improving their operational workflow from manual to automate to satisfy shifting consumer buying trends.
Market Estimated Size (2023) | USD 24.6 billion |
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Market Forecasted Size (2033) | USD 73.4 billion |
Market CAGR (2023 to 2033) | 11.5% |
Market Value (2022) | USD 941.58 Billion |
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Market Value (2032) | USD 2,924.42 Billion |
Market CAGR (2022 to 2032) | 12% |
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