In 2022, the market for autonomous mobile robots is expected to be worth USD 2.85 billion. By 2032, the market is anticipated to reach a value greater than USD 20.99 billion. The forecast period is expected to see this market expand at a CAGR of 22.1%.
The rising demand for automation in the manufacturing and logistics industry is expected to drive the growth of the autonomous mobile robots market. The increasing need to reduce operational costs, improve efficiency and accuracy, and enhance productivity is anticipated to boost the growth of the market. The growing trend of automation in warehousing operations is also a major factor driving the growth of the autonomous mobile robots market. The growing demand for these robots in industrial applications is expected to continue to fuel the growth of the market.
Geographically, the Asia-Pacific region is expected to hold a major share of the autonomous mobile robots market during the forecast period. The increasing number of manufacturing and automotive industries in the region is a major factor driving the growth of the market. In addition, the presence of various major players in the region is also expected to contribute to the growth of the autonomous mobile robots market in this region.