The global AMR market experiences substantial growth due to the rising demand for automation to achieve greater efficiency

According to a new research report by Next Move Strategy Consulting, the global Autonomous Mobile Robot (AMR) Market was valued at USD 1.24 billion in 2023, and is expected to reach USD 3.13 billion by 2030, with a CAGR of 13.4% during the forecast period, 2024–2030. In terms of volume, the market size was 51135 units in 2023, and is projected to reach 179952 units by 2030, with a CAGR of 18.7% from 2024 to 2030.

The expansion of the autonomous mobile robot market is fueled by the increasing integration of robotics across diverse sectors like automotive, electronics, and food & beverage. As per the 2021 World Robot Report, the global average robot density in manufacturing industries has doubled over the last five years, reaching 126 robots per 10,000 employees.

The increasing demand for automation and advanced robotic technologies, such as AMRs to optimize industrial processes, including material handling and transport, is underlined by the growing trend of higher robot density in the manufacturing sector. It is expected that this will lead to increased effectiveness and reduced costs. In addition, these robots are extremely efficient and cost effective in terms of their ability to autonomously guide themselves.

Moreover, Major market players are employing various strategies to enhance their AMR offerings. For example, in March 2022, Geek+ and Bosch Rexroth partnered to develop a customized version of Geek+'s MP1000R AMR. This partnership involves integrating Bosch Rexroth's laser localization software, ROKIT Locator, into the AMR. Consequently, these robots can autonomously transport materials to the production line at the Bosch Rexroth facility in Changzhou, China.

The integration of Bosch Rexroth's ROKIT Locator with Geek+'s simultaneous localization and mapping (SLAM) technology enables the AMRs to operate seamlessly in manufacturing environments, making them well-suited for such settings. This innovative solution has enhanced the efficiency and productivity of the manufacturing process at the Bosch Rexroth plant. Such developments further drive the growth of the autonomous mobile robot market.

Furthermore, initiatives such as Industry 4.0 with its focus on AMRs equipped with AI and IoT, handle tasks such as material movement efficiently and adapt to changing environments, making them crucial for Industry 4.0 success.

However, the high cost is a major hurdle for AMR adoption as it becomes very difficult for the smaller businesses to adopt these robots, slowing down the overall market growth. On the contrary, the advancements in sensor technology, such as the development of depth cameras and inertial measurement units (IMUs), are expected to provide ample growth opportunities for the market. Such advancements provide detailed information about the surroundings of the AMRs, such as distance to obstacles, angular rate, location of objects, and orientation of robots.

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According to the report, leading players operating in the autonomous mobile robot market include Geekplus Technology Co., Ltd., GreyOrange, Omron Corporation, ABB Ltd., Mobile Industrial Robots (MiR) A/S, Locus Robotics, Hangzhou Iplusmobot Technology Co., Ltd., Seegrid, Otto Motors, Shanghai Seer Intelligent Technology Corporation, and others. These market players are adopting launches and collaboration strategies across various regions to maintain their dominance in the AMR market.

For instance, in April 2023, Shanghai Seer Intelligent Technology Corporation announced its plan to unveil the SEER SRC Controller for the AMR building kit. This launch aims to provide developers with an innovative solution for building and controlling autonomous robots, thereby accelerating the development of cutting-edge robotic technologies and applications.

Moreover, in March 2023, OTTO Motors introduced its latest AMR, the OTTO 600. This robust AMR is designed to handle heavy loads of up to 600 kilograms. It can operate efficiently in industrial environments, such as manufacturing plants and warehouses. The launch of the OTTO 600 along with advancements in software development are expected to expand the capabilities of autonomous material handling in the industrial sector.

Key Insights from the Autonomous Mobile Robot (AMR) Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the autonomous mobile robot market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of the players in the global autonomous mobile robot market along with their competitive analysis are provided in the report.