The World's Autonomous Mobile Robots Industry, 2020-2030 - Increasing Demand for Automation Solutions and Flourishing e-Commerce Industry
DUBLIN, April 8, 2020 /PRNewswire/ -- The "Autonomous Mobile Robots Market Research Report: By Offering, End User - Global Industry Size, Share and Trends Analysis, Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global autonomous mobile robots market generated $29.3 billion revenue in 2019, which is expected to reach $220.6 billion in 2030. The market is predicted to witness rapid progress during the forecast period (2020-2030), with a CAGR of 18.3%.
The key factors driving the swift uptake of autonomous mobile robots (AMRs) are the increasing demand for automation solutions and flourishing e-commerce industry.
The swift prosperity of the e-commerce industry is one of the biggest factors fueling the growth in the AMR market. The increasing internet penetration and burgeoning use of smartphones amongst the masses are some of the biggest factors contributing toward the rising trend of online shopping, thereby boosting the e-commerce industry across the world. In 2018, the worldwide e-commerce sales witnessed a massive increase, of around 22% from the previous year.
The increasing demand for automation solutions is another crucial factor responsible for the advance of the AMR market. As a result of the high labor costs in developed nations, increase in complex manufacturing processes, growing focus toward high productivity, and lack of adequate labor, the demand for automation solutions is mushrooming across the globe. For instance, original equipment manufacturers (OEMs) in the automotive sector require the help of robots in various complex assembly operations. AMRs are also used in warehouses and logistics for performing important tasks, such as loading, unloading, and transportation.
On the basis of offering, the AMR market is divided into the software, service, and robotic system categories. Out of these, the service category accounted for the largest share in the market, in terms of revenue, in 2019. This category includes the revenue generated from the deployment of AMRs, sale of aftermarket components, and provision of consulting services. Various companies, such as Fetch Robotics Inc., KUKA AG, and OMRON Corporation, are offering the robot-as-a-service (RaaS) ownership model, which has propelled the adoption of these robots in various sectors.
Depending on end user, the AMR market is categorized into healthcare, aerospace & defense, manufacturing, mining & minerals, residential, logistics, hospitality, retail, agriculture, and others, wherein the others category includes the automotive, media & entertainment, banking, financial services, and insurance (BFSI), government, utilities, IT & telecom, education, oil & gas, and construction industries. Amongst the different categories, logistics had the largest market share, in terms of revenue, in 2019. This was primarily due to the wide-scale adoption of AMRs in warehouses and storage facilities, in order to streamline the supply chain.
The key trend being observed in the AMR market is the creation and deployment of mobile collaborative robots. A mobile collaborative robot includes a robot manipulator mounted on its body, which allows the robot to automatically move around the work floor. This type of robot is especially useful in large industries, due to its ability to reduce the downtime between tasks, use lesser floor space than the conventional industrial robots, and offer enhanced performance in material handling processes.
Globally, the Asia-Pacific (APAC) region dominated the AMR market, in terms of revenue, in 2019. This is ascribed to the fact that in countries such as Japan, China, and South Korea, these systems are widely used. Due to the flourishing e-commerce industry in this region and the resultant increase in the demand for smart and efficient warehouses, in order to simplify the storage and delivery processes, APAC is also predicted to register the fastest growth during the forecast period.
Therefore, the prosperity of the manufacturing sector, coupled with the rising need for automation, to streamline various manufacturing processes, will ensure that the market for autonomous mobile robots flourishes in the coming years.
Key Topics Covered
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Offering
1.3.2 Market Segmentation by End-user
1.3.3 Market Segmentation by Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.3.5.2 Volume
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Offering
4.1.1.1 Robotic system
4.1.1.1.1 UGV
4.1.1.1.2 UAV
4.1.1.1.3 UMV
4.1.1.1.4 Humanoid
4.1.1.2 Software
4.1.1.3 Service
4.1.2 By End User
4.1.2.1 Logistics
4.1.2.2 Agriculture
4.1.2.3 Retail
4.1.2.4 Mining & Minerals
4.1.2.5 Manufacturing
4.1.2.6 Aerospace & defense
4.1.2.7 Healthcare
4.1.2.8 Residential
4.1.2.9 Hospitality
4.1.2.10 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Development of mobile collaborative robot
4.3.2 Drivers
4.3.2.1 Rising demand for automation solutions
4.3.2.2 Growing e-commerce industry
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Limited load capacity and high cost
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Growing demand for AMRs in agriculture application
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Offering
5.1.1 By Robotic System
5.2 By End User
5.3 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Market Players and Their Offerings
11.2 Competitive Analysis of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Strategic Developments of Market Players
11.4.1 Mergers and Acquisitions
11.4.2 Product Launches
11.4.3 Partnerships
11.4.4 Facility Expansions
Chapter 12. Company Profiles
12.1 6 River Systems Inc.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.2 Fetch Robotics Inc.
12.3 OMRON Corporation
12.4 inVia Robotics Inc.
12.5 Geekplus Technology Co. Ltd.
12.6 Grey Orange Pte. Ltd.
12.7 IAM Robotics
12.8 Cobalt Robotics Inc.
12.9 Teradyne Inc.
12.10 KUKA AG
12.11 Clearpath Robotics Inc.
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