Autonomous Mobile Robots Market Provides Detailed Insight by Trends, Challenges, Opportunities, and Competitive Analysis

The global autonomous mobile robots market reached $29.3 billion revenue in 2019 and it is predicted to attain a value of $220.6 billion by 2030.

The global autonomous mobile robots market reached $29.3 billion revenue in 2019 and it is predicted to attain a value of $220.6 billion by 2030. Furthermore, the market will progress at a CAGR of 18.3% from 2020 to 2030, as per the estimates of the market research company, PS Intelligence. The market is being driven by the surging demand for automation solutions and the booming e-commerce industry across the world. 

The soaring penetration of the internet and the mushrooming usage of smartphones are the major factors responsible for the increasing popularity of online shopping. This is subsequently fueling the growth of the e-commerce industry. According to several reports, e-commerce sales increased by around 22% from 2017 to 2018. As per the India Brand Equity Foundation (IBEF), e-commerce sales in the country will generate a revenue of $99 billion by 2024.

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The expansion of the industry, especially in China and India, is propelling the demand for greater efficiency in fulfillment centers and warehouses. This is driving the need for autonomous mobile robots in e-commerce warehouses, as these automated systems assist in increasing the productivity. Moreover, these robots also reduce the requirement for human workers, thereby reducing the cost of labor.

They are majorly used in fulfillment centers and e-commerce warehouses for sorting, moving, picking, and several other applications. Furthermore, these robots also help e-commerce companies deliver products faster, which, in turn, leads to higher customer satisfaction. Hence, the expansion of the e-commerce industry and the increasing requirement for automation in factories will facilitate the growth of the market in the coming years.