The market for autonomous mobile robots for logistics and warehousing is predicted to grow at a CAGR of 22.7% over the course of the projection period and will account for US$17 billion in market share in 2032, up from US$2.42 billion in 2022.
As the largest retailers and online retailers continue to extend their business operations globally, there is a growing demand for supply chain management.As a result of this trend, there is a commensurate surge in the demand for autonomous mobile robots for logistics and storage and sales of these robots, which help to fulfil logistics and delivery and require a big crew to handle.
Autonomous Mobile Robots for Logistics and Warehousing Market – 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 past few years, there has been a huge demand for warehouse automation for material handling operations to improve order fulfillment and in-house distribution of goods with the ultimate goal to reduce the labor costs.
The adoption of autonomous mobile robots for logistics and warehousing industry has solved many problems posed by the booming supply-chain demands. The AMRs 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.
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Autonomous Mobile Robots for Logistics and Warehousing Market – Rapid Growth in the eCommerce Industry Globally
The eCommerce Industry worldwide is growing at a very fast pace. The global eCommerce sales was valued at $2.4 trillion in 2017 and is estimated to be nearly $3.0 trillion by 2018, with US and Chine dominating the global eCommerce industry. Due to this ever-growing eCommerce trend, the retailers are facing challenges such as shortage of labor for warehouse management, complicated order fulfillment processes and more. To overcome this supply-demand challenges, logistics and warehouse automation technologies such as Autonomous Mobile Robots have made tremendous developments in recent years.
The autonomous mobile robots (AMR) market for logistics and warehousing is a rapidly growing segment of the broader logistics technology industry. These robots are designed to automate various manual and repetitive tasks within logistics and warehousing operations, such as material handling, inventory management, and order fulfillment.
There are several factors driving the growth of this market, including:
- Increasing demand for e-commerce and online shopping, which has resulted in higher volumes of goods being moved and stored within warehousing facilities.
- Rising labor costs and shortages, as well as increasing demand for more efficient and cost-effective operations, are driving the adoption of AMRs in the logistics and warehousing industry.
- Technological advancements in the fields of artificial intelligence, machine learning, and robotics are leading to the development of more advanced AMRs with improved capabilities and performance.
- The COVID-19 pandemic has accelerated the adoption of automation technologies, including AMRs, as companies seek to improve their supply chain resilience and mitigate the risk of workforce disruptions.
As the market continues to grow, it is expected that AMRs will play a major role in shaping the future of logistics and warehousing operations, helping companies to improve their efficiency, reduce costs, and meet the demands of an ever-changing market.
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Recent Developments
- In 2019, inVia Robotics, a leading next generation warehouse automation solutions provider, collaborated with Tobi, an international fashion online retailer, to deploy its inVia Picker autonomous mobile robot for automating the material handling within Tobi’s warehouses.
- In 2019, Locus Robotics partnered with RightHand Robotics to provide cross-platform autonomous mobile robots for logistics and warehousing for high-volume order fulfilment.
KEY SEGMENTS
By Type, the Autonomous Mobile Robots for Logistics and Warehousing market is segmented into:
- Autonomous Mobile Picking Robots
- Automated Forklifts
- Autonomous Inventory Robots
- Aerial Inventory Robots
By Applications, the Autonomous Mobile Robots for Logistics and Warehousing market is segmented into:
- Retail & eCommerce
- Healthcare & Pharmaceuticals
- Food & Beverages
- Consumer Electronics
- Automotive
- Others
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