Autonomous Mobile Robots for Logistics and Warehousing Market

Autonomous Mobile Robots for Logistics and Warehousing Market Overview

The autonomous mobile robots for logistics and warehousing market is likely to register a CAGR of 22.7% during the forecast period and is anticipated to reach a market share of US$ 8.7 Billion in 2028, from US$ 2.42 Bn in 2022. 

The demand for supply chain management continues to rise as the major retail and ecommerce giants are expanding their business operations globally.

With this trend, there is a corresponding rise in demand for autonomous mobile robots for logistics and warehousing and sales of autonomous mobile robots for logistics and warehousing to fulfill logistics and delivery, which employs a large workforce to manage these services. 

Manual labor is cost-intensive and involves huge investments for retailers. Hence, there has been a growing demand for autonomous mobile robots for logistics and warehousing applications. 

The autonomous mobile robots (AMRs) deployment has drastically changed the logistics and warehousing landscape. The retailers are integrating these autonomous mobile robots into their traditional warehousing applications to automate the material handling processes. 

These autonomous mobile robots are cost-effective as they drastically reduce the in-house transportation time, automate the material handling with zero-defect production, improve safety and thus reduce the overall labor cost.

What are the Key Drivers to the Autonomous Mobile Robots for Logistics and Warehousing Market Share?

“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 autonomous mobile robots for logistics and warehousing and sales of autonomous mobile robots for logistics and warehousing operations to improve order fulfilment and in-house distribution of goods with the ultimate goal to reduce the labour costs.

The adoption of autonomous mobile robots for logistics and warehousing has solved many problems posed by the booming supply-chain demands.

The autonomous mobile robots for logistics and warehousing manufacturers 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.

Which Region holds the Highest Growth Potential in the Autonomous Mobile Robots for Logistics and Warehousing Market?

The Asia Pacific is estimated to be a highly lucrative region in the autonomous mobile robots for logistics and warehousing market share. The autonomous mobile robots for logistics and warehousing market share and eCommerce are growing at a lightning pace within the Asia Pacific countries such as China, India, and South-East Asia.

The significant growth demand for autonomous mobile robots for logistics and warehousing’s massive investment into warehouse automation via the deployment of autonomous mobile robots fulfills the demand for the labor shortage and improves material handling operations to drive scalability, reliability, and efficiency.

In growing economies like India, the autonomous mobile robots for the logistics and warehousing market and the sales of autonomous mobile robots for logistics and warehousing are booming at an unprecedented rate and are estimated to attract nearly $10 billion in investments in the next 5 years. 

To address this huge investment and supply chain demand for autonomous mobile robots for logistics and warehousing, the logistics and warehouse operations are shifting from manual to automated operations through the deployment of sales of autonomous mobile robots for logistics and warehousing for effective material handling.

Which Segment is showing a Rapid Growth in the Autonomous Mobile Robots for Logistics and Warehousing Market?

“Rapid growth in the ecommerce Industry globally.”

The ecommerce industry worldwide is growing at a breakneck pace. The global ecommerce sales of autonomous mobile robots for logistics and warehousing were valued at $2.4 trillion in 2017 and are estimated to be nearly $3.0 trillion by 2018, with US and China dominating the global ecommerce segment of autonomous mobile robots for logistics and warehousing market. 

Due to this ever-growing ecommerce trend, the retailers are facing challenges such as a shortage of labor for warehouse management, complicated order fulfillment processes, and more. Logistics and warehouse automation technologies such as autonomous mobile robots have made tremendous developments in recent years to overcome these supply-demand challenges.

Nikhil Kaitwade

Principal Consultant

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How is the Competitive Landscape in the Autonomous Mobile Robots for Logistics and Warehousing Market?

Key players in the autonomous mobile robots for logistics and warehousing market share are focusing on strategic collaboration and partnerships with major retailers as well as product innovations and developments for sustained business growth.

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.
• In 2019, Prime Robotics, a leading manufacturer of autonomous mobile robot (AMR), collaborated with Fordist Group, leading third-party logistics provider in Europe, to deploy its Mobile Shelf logistics robot system to provide scalability to the warehouse operations with improved efficiency.
• In 2018, Fetch Robotics, a leading developer and manufacturer of autonomous mobile robots partnered with Honeywell to deploy autonomous mobile robots into their warehousing operations to fulfill the growing volumes of ecommerce orders with high efficiency and productivity.

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Report Scope

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