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Autonomous Mobile Robots Market Size, Share & COVID-19 Impact Analysis, By Type (Goods-to-person Picking Robots, Self-driving Forklifts, Autonomous Inventory Robots, and Unmanned Aerial Vehicles), By Application (Sorting, Pick & Place, Tugging, Warehouse Fleet Management and Others), By End-User (Warehouse & Distribution Centers and Manufacturing) and Regional Forecast, 2021-2028

Region : Global | Format: PDF | Report ID: FBI105055

 

KEY MARKET INSIGHTS

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The global autonomous mobile robots (AMRs) market size was USD 1.67 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with autonomous mobile robots witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a CAGR of 23.7% in 2020. The market is projected to grow from USD 1.97 billion in 2021 to USD 8.70 billion in 2028 at a CAGR of 23.7% in the 2021-2028 period. The sudden fall in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.


The introduction of sophisticated technologies in robot systems, increasing demand on automation solution to manage the supply chain ecosystem, new safety protocols, and the rising e-commerce industry are the major factors responsible for driving the global market. For instance, In October 2020, Fetch Robotics and VARGO conducted a definitive agreement to combine their respective technologies and develop robotic solutions to meet higher standards of e-commerce and deliver higher production levels in a more scalable and flexible way. This solution optimizes fleet and other issues, mainly automated navigation to achieve the shortest paths and avoid congestion, further impacting the market's growth.


COVID-19 Pandemic to Create Business Opportunities for Autonomous Robot Suppliers


The coronavirus outbreak had a severe impact on the manufacturing industries. Factors such as social distancing, quarantines, and lockdowns have prompted the use of robotics for efficient ground operations. Several players are also focusing on promoting their robotic systems by providing them as rental services. This would further enable the warehouses and distribution owners to smoothen the workflow in the pandemic situation. Also, robot vendors are continuously focused on training their customers and expanding robot centers to educate users. These initiatives would further drive the global market. Apart from this, technological providers are adopting various marketing strategies, mainly mergers & acquisitions, joint ventures, collaboration, in the pandemic phase to gain technological competitiveness and deliver advanced robotic solutions. For instance, in February 2021, Verizon undertook a definitive agreement to acquire incubed IT, a software platform creator to administer, manage and optimize mixed fleets of robots in industrial settings. This strategy would further enable them to gain new efficiencies in their autonomous mobile robot fleets. Owing to the above mentioned factors, the market is anticipated to grow exponentially post the COVID-19 pandemic.


LATEST TRENDS


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Introduction of Sophisticated Technologies Embedded in Robots is a Prominent Trend


The evolution of smart logistics and warehouse automation drastically changes the state of the supply chain ecosystem and synchronizes all warehouse resources optimally. It also creates growth opportunities for these autonomous robot players by inventing intuitive technologies to meet the changing landscapes of the warehouses and distribution centers' day-to-day operations. For instance, in April 2020, UPS Supply Chain Solutions designed Autonomous Mobile Robots (AMR) to pick up and transport goods for order consolidation, track end-to-end supply chain activity and performance to meet the customers' unique supply chain needs. These robots are integrated with new high-sensitivity video sensors, mapping and localization, Artificial Intelligence and Cloud Computing, built-in system of stereo cameras capable of programming its route in the warehouses at higher speed and significantly deviates its operations. Owing to the abovementioned factors, the market for these robots is likely to grow in the forthcoming years.


DRIVING FACTORS


Rising E-Commerce Industry to Bode Well the Market


The exponential rise in the e-commerce industry enables warehouses and distribution center owners to focus on improvising their operational workflow from manual to automation to meet the consumers' changing buying patterns. For instance, In February 2020, The U.S. Department of Commerce reported spending on the online platform, representing 16.0% of total retail sales in 2019. Also, data showcased from online sales data, e-commerce sales from May to June were approximately 40% higher than the pre-pandemic benchmark week of February to March. For instance, in December 2020, a Southern California Fulfillment Center, Sam's Club integrated GreyOrange autonomous mobile robots for e-commerce orders. This would further help optimize the processes allowing associates more time to upscale their skills for other applications. According to Sam's Club estimation, the firm's e-commerce sales hit USD 363 million at the end of the third quarter of 2020, compared to USD 277 million the previous year. Owing to the above mentioned reasons, the global market will grow significantly in the future times.       


RESTRAINING FACTORS


High Setup Cost to Hinder Growth


The limiting factor observed is most customers have to invest massive funds to rebuild automated distribution stores and centers at the initial stage to obtain maximum productivity and efficiency. This creates a challenging situation for small and medium enterprises to park funds owing to low production output and late return on investments ratios. High costs associated with procurement, integration, programming, accessories, and others are restraining the market growth. Besides, these customers need to deploy the robots parallel with their current operations, sometimes resulting in a fuss while inventory management and control systems. These factors are limiting the growth of the market.


SEGMENTATION


By Type Analysis


Self-Driving Forklifts Segment to Show Higher Growth Rate in Coming Years Backed by Increasing Concerns to Transport Bulk Material Efficiency


Based on the type, the market is segmented into goods-to-person picking robots, self-driving forklifts, autonomous inventory robots, and unmanned aerial vehicles.


The self-driving forklifts segment is expected to grow at a higher rate in the coming years, backed by the rising E-commerce industry. Also, rapid technological advancements mainly real-time data connection, demand for real-time delivery, and smart mapping are further responsible for increasing penetration of self-driving forklifts.


Goods-to-person picking robots, autonomous inventory robots, and unmanned aerial vehicles are likely to grow steadily due to accelerated movements of goods inside warehouses and distribution centers, rising warehouse fleet management concerns, and major manufacturers' focus to develop advanced inventory management robots, and others.


By Application Analysis


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Pick & Place Segment to Hold the Highest Share Backed by Rising Labor Costs


Based on application, the market is segmented into sorting, pick & place, tugging, warehouse fleet management, and others.


Pick & place segment holds the highest share in this market owing to rising labor costs across developed and developing economies. Also, growing concerns for handling goods and materials efficiently and in real-time are further building a significant impact on robotic solution providers to introduce pick & place robots.


Following pick & place, sorting, tugging, and warehouse fleet management applications are expected to showcase steady growth owing to the rising construction of smart industrial facilities, automated warehouses, and others. Also, major manufacturers emphasize integrating software and solutions that can perform inventory control, sorting, and distributing goods efficiently to earn an early return on investments (ROI) and faster movement of goods to meet the consumer needs.


By End-User Analysis


Warehouses & Distribution Centers Segment to Hold Highest Share Backed by Rising E-commerce Industry


Based on the end-user, the market is segregated into warehouses & distribution centers, and manufacturing.


Warehouses and distribution centers segment are likely to grow exponentially backed by rising E-commerce sales, further compelling facilities owners to expand their storing capacities to meet the customer demand. Also, rising inventory levels and labor costs are compelling warehouse owners to automate their operational workflow, further raising the construction of warehouses and distribution centers.


Following warehouses & distribution centers, manufacturing is likely to grow at a steady rate backed by the rising penetration of robots in manufacturing facilities to perform repetitive tasks efficiently with precision.    


REGIONAL INSIGHTS


Europe Autonomous Mobile Robots Market Size, 2020 (USD Billion)

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Europe holds the highest share and is leading in this market. This is because key players are focused on increasing sales, service and support, deployment, and training services by expanding their distribution channels in this region. For instance, in December 2020, AutoGuide Mobile Robots felt expanding its European operations and set up an office in Munich, Germany, to deliver the highest level of support for its distributors and customers. In addition to that, massive investments by governmental bodies to boost setting up smart factories and Industry 4.0 are other factors responsible for driving the global market.


Following Europe, Asia Pacific is expected to rise significantly in the coming years. This is mainly due to the presence of several authorized and unauthorized regional players executing various marketing strategies to expand its geographical reach further creating a potential impact on the global market. Also, the presence of giant countries namely Japan, China, South Korea, India, and other nations, are focusing on integrating advanced technologies mainly 5G networks, AI-based route mapping, and localization, and others are creating a potential impact on the market growth. 


North America is likely to grow at a steady rate owing to rising E-commerce sales observed in this region. Also, rapid technological adoption, the presence of major manufacturers operating in this geography, and massive funding from regulatory bodies to build automated warehouses and distribution centers further enhancing the autonomous mobile robots market growth.


The Middle East and Africa is anticipated to grow at a moderate rate with the rising infrastructure development observed in this geography. Also, the manufacturing industries operating in countries mainly GCC, Turkey, Israel, and other nations emphasize building smart factories and Industry 4.0, creating a potential impact on expanding autonomous mobile robots market share.


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South America is forecasted to exhibit a slow growth rate owing to major vendors expanding their production capacities, sales, and distribution channels in the emerging economies to fulfil the requirement of the unattended market, further driving the growth of the market.  


KEY INDUSTRY PLAYERS


Key Players to Focus on Advanced Robotic Components to Meet Changing Demand


Prominent players are designing various robotic components and controllers for diverse applications, mainly automotive manufacturing, luggage sensing at airports, environmental compliance in chemical production, and many others. For instance, in December 2020, SICK Sensors launched a line of Light Detection and Ranging (LiDAR) sensors explicitly for anti-collision applications in robotics and autonomous mobile robots (AMRs). These sensors are capable of sensing large sweep areas with low power consumption. Similarly, in June 2020, Qualcomm introduced the world’s first 5G and AI-based platform for industrial and professional service applications. The processor enables heterogeneous computing, enhanced computer vision, and others, ideal for low-power robots and drones.


LIST OF KEY COMPANIES PROFILED:



  • Material Handling Systems. (United States)

  • Fetch Robotics, Inc. (United States)

  • IAM Robotics (United States)

  • NextShift Robotics (United States)

  • Stanley Robotics (United States)

  • Robotnik. (Spain)

  • SESTO Robotics. (Singapore)

  • HAHN Robotics GmbH (Germany)

  • Vecna Robotics (United Kingdom)

  • AutoGuide Mobile Robots (England)

  • SoftBank Robotics (Paris)


KEY INDUSTRY DEVELOPMENTS:



  • In July 2021, Zebra Technologies, a front-line business innovation with solutions and partners that offer a competitive advantage, has announced their plan to acquiring Fetch Robotics, a pioneer in on-demand automation.

  •  In May 2021, SESTO Robotics has collaborated with Baumüller Anlagen-Systemtechnik in Germany.  Through this partnership SESTO Magnus is now based in Germany, Switzerland & Austria. This partnership has also made SESTO Robotics first Singapore-based robotics company to provide autonomous mobile robot solutions with smart manufacturing located in Europe.

  • In March 2021, IAM Robotics introduced their latest robot, Bolt. It provides the power to accomplish more in material handling—faster, longer, and further. Bolt is designed to flourish in warehousing and manufacturing environments and is packed with high-tech capabilities.

  • In January 2020, Material Handling System, the provider of software solutions & material handling automation has acquired eMotion Controls Co. a software & controls system integration company.


REPORT COVERAGE


An Infographic Representation of Autonomous Mobile Robots Market

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The global autonomous mobile robots market research report provides an in-depth analysis of the market dynamics and competitive landscape. It also offers various key insights including recent industry developments in this market, such as mergers & acquisitions, macro, and microeconomic factors, SWOT analysis, and company profiles.


Report Scope & Segmentation


















































  ATTRIBUTE



  DETAILS



Study Period



   2017-2028



Base Year



   2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD Billion)



Segmentation



   Type, Application, End-User, and Geography



By Type




  • Goods-to-person Picking Robots

  • Self-driving Forklifts

  • Autonomous Inventory Robots

  • Unmanned Aerial Vehicles



By Application




  • Sorting

  • Pick & Place

  • Tugging

  • Warehouse Fleet Management

  • Others



By End-User




  • Warehouse & Distribution Centers

  • Manufacturing



By Geography




  • North America (By Type, Application, End-User, and Country)

    • US (By Application)

    • Canada (By Application)

    • Mexico (By Application)



  • South America (By Type, Application, End-User, and Country)

    • Brazil (By Application)

    • Argentina (By Application)

    • Colombia (By Application)

    • Rest of South America



  • Europe (By Type, Application, End-User and Country)

    • United Kingdom (By Application)

    • Germany (By Application)

    • France (By Application)

    • Italy (By Application)

    • Spain (By Application)

    • Russia (By Application)

    • Benelux (By Application)

    • Nordics (By Application)

    • Rest of Europe



  • The Middle East and Africa (By Type, Application, End-User, and Country)

    • Turkey (By Application)

    • Israel (By Application)

    • GCC (By Application)

    • North Africa (By Application)

    • South Africa (By Application)

    • Rest of The Middle East and Africa



  • Asia Pacific (By Type, Application, End-User and Country)

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • South Korea (By Application)

    • ASEAN (By Application)

    • Oceania (By Application)

    • Rest of Asia Pacific





Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 1.67 billion in 2020 and is projected to reach USD 8.70 billion by 2028

In 2020, the European market value stood at USD 0.59 billion.

The market is registering a CAGR of 23.7% during the forecast period (2021-2028).

Based on type, the self-driving forklifts segment is expected to lead the market during the forecast period.

Rising e-commerce industry is a key factor driving the market.

Material Handling Systems, Fetch Robotics, Inc., and IAM Robotics are the top companies operating in the global market.

Asia Pacific is expected to hold the highest CAGR in the market

The evolution of various technologies embedded in autonomous mobile robots is one of the key market trends.

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Autonomous Mobile Robots Market Size, Share and Global Industry Trend Forecast till 2026
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