Autonomous Mobile Robots Market to Reach USD 7.72 Billion by 2029, Says Stratview Research

Stratview Research

The global Autonomous Mobile Robots (AMR) Market – consisting of robotic systems capable of navigating and operating in industrial and commercial environments without human intervention – is projected to grow from approximately USD 2.98 billion in 2022 to USD 7.72 billion by 2029, expanding at a robust CAGR of 14.42% during the forecast period (2023-2029). The primary driver of this growth is the accelerating demand for automation in warehouses and manufacturing facilities, where AMRs significantly enhance operational efficiency, reduce labor dependency, and improve throughput by autonomously handling material movement and fleet tasks.

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Market Statistics

• Market size (2022): USD 2.98 billion
• Forecast value (2029): USD 7.72 billion
• CAGR (2023-2029): 14.42%
• Forecast period: 2023-2029
• Base year: 2022
• Total number of segments: 4 major categories
• Tables & figures: 100+
• Country-Level Market Assessment: 20

Market Segmentation

By Type
• Self Driving Forklifts
• Autonomous Inventory Robots
• Goods to Person Picking Robots
• Unmanned Aerial Vehicles

By End-User Type
• Warehouse or Distribution Center
• Manufacturing

By Application Type
• Sorting
• Pick and Place
• Tugging
• Warehouse Fleet Management

By Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Segment Analysis

In the Type category, the Goods to Person Picking Robots segment is dominant, accounting for more than a 45% share of global revenue as of 2022 because these robots significantly reduce manual picking time and labor costs in warehouses, enabling faster order fulfillment; suppliers focused on this segment can capitalize on continued investments in logistics automation.

Within End-User Type, the Warehouse or Distribution Center segment leads as these facilities are increasingly deploying AMRs to streamline intralogistics and achieve near-real-time inventory movements, which directly supports higher throughput and lower cycle times; OEMs should tailor solutions that integrate with warehouse management systems to capture long-term contracts.

For Application Type, Sorting represents a key segment due to its critical role in handling high-velocity material flows in logistics operations, where AMRs improve accuracy and speed relative to manual systems; this trend encourages developers to refine algorithm-driven navigation and sorting efficiencies.

Regional Insights

Asia-Pacific is identified as the fastest growing region for the Autonomous Mobile Robots Market, driven by burgeoning e-commerce sectors and rapid adoption of automation for inventory management in developing economies, which is expected to translate into sustained investments in AMR technologies across logistics and manufacturing ecosystems.

Market Drivers

• Rapid rise in e-commerce and omnichannel logistics requiring scalable automation to handle order volumes.
• Persistent labor shortages and rising labor costs driving demand for autonomous systems.
• Advancements in AI, machine learning, and sensor technologies improving navigation and efficiency.
• Increased focus on safety and productivity in warehouses and factories.
• Expansion of digital supply chains that rely on real-time data and autonomous coordination.

Competitive Landscape

Top Companies in the Market
• Boston Dynamics
• Clearpath Robotics Inc
• Conveyco Technologies
• Geekplus Technology Co Ltd
• IAM Robotics
• KUKA AG
• MHS Global
• Omron Group
• Teradyne Inc
• Locus Robotics

FAQs

1. How big was the autonomous mobile robots market in 2022?
The global autonomous mobile robots market was valued at approximately USD 2.98 billion in 2022.

2. What is the expected market value of autonomous mobile robots by 2029?
The market is projected to reach USD 7.72 billion by 2029.

3. Which robot type holds the largest share in the autonomous mobile robots market?
Goods to person picking robots dominated the market with more than a 45% share in 2022.

4. Which end-user deploys the most autonomous mobile robots?
Warehouse or distribution centers are the largest end-users of AMRs due to automation needs in logistics operations.

5. What region is expected to grow fastest for autonomous mobile robots?
Asia-Pacific is anticipated to register the highest growth rate over the forecast period.

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This release was published on openPR.