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The mobile robotics market is driven by rise in focus on ensuring human safety, expanding need for mobile logistics by e-commerce platforms, and rise of industry 4.0 in warehousing and logistics.” - Allied Market ResearchWILMINGTON, NEW CASTLE, DE, UNITED STATES, December 9, 2024 /EINPresswire / -- According to a report published by Allied Market Research, the global mobile robotics market is projected to reach a value of $130.9 billion by 2032, rising at a CAGR of 23.1% within the forecast period of 2023-2032. The industry size was $16.5 billion in 2022.
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What does the AMR report offer?
This report offers a comprehensive quantitative analysis of the mobile robotics market, examining current trends, projections, and dynamics from 2022 to 2032 to pinpoint emerging opportunities. It includes insights into key drivers, constraints, and market prospects. Moreover, Porter's Five Forces analysis evaluates the influence of buyers and suppliers, assisting stakeholders in making strategic, profit-oriented decisions while enhancing their supplier-buyer relationships.
In addition, the study provides a detailed examination of market segmentation and provides insights into growth forecasts for mobile robotics. It features an overview of market player positioning, enabling effective benchmarking and clarifying the competitive landscape.
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Country analysis
In AMR's research on the global mobile robotics market, major countries in each region are identified based on their revenue contribution. Canada is capturing a significant share of the mobile robotics market in North America and is projected to experience substantial growth during the forecast period. In Europe, Germany led the market in revenue in 2022 and is anticipated to maintain its dominance, emerging as the fastest-growing country with a CAGR of 23.8%. In the Asia-Pacific region, China is about to become a key player due to rapid industrialization, considerable investments in automation, and a focus on enhancing manufacturing efficiency. Meanwhile, Brazil is expected to be a major market in Latin America, driven by rising demand for automation across various sectors. In the Middle East and Africa, the Rest of the Middle East and Africa region showed significant market size in 2022, with growth fueled by increased investments in mobile robotics.
Market dynamics
The analysis of major factors influencing the landscape in the report reflects that growing emphasis on human safety is motivating the expansion of the adoption of autonomous mobile robots across various industries. These robots enhance safety by automating tasks that pose risks to workers, utilizing advanced navigation systems and sensors to operate in complicated environments accurately, thereby reducing accident rates. However, the initial costs associated with acquiring mobile robotics, including the purchase price and necessary infrastructure, can be a barrier for many companies. Despite the long-term benefits of improved efficiency and productivity, organizations often hesitate due to these upfront expenses.
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Nevertheless, as technology advances and competition increase, these costs are expected to decrease, making mobile robotics more accessible. Meanwhile, the agricultural sector is witnessing a significant rise in mobile robotics adoption, with farmers integrating autonomous robots for tasks like precision farming, crop monitoring, and harvesting, ultimately improving efficiency and addressing labor shortages in agriculture.
Recent developments in the industry
In December 2023, XtalPi and ABB Robotics revealed a strategic collaboration aimed at creating automated laboratory workstations in China. The partnership intended to enhance R&D efficiency in biopharmaceuticals, chemical engineering, chemistry, and new-energy materials by combining ABB's GoFa collaborative robots with XtalPi's software.
In March 2022, Sarcos Technology and Robotics Corporation announced its acquisition of RE2 Robotics, a company based in Pittsburgh that specializes in autonomous and teleoperated mobile robotic systems, for a total of $100 million. This acquisition included $30 million in cash and $70 million in Sarcos common stock. Both firms have enjoyed a successful history serving military and defense clients.
To sum up, the AMR report on the mobile robotics sector provides valuable, actionable insights into various growth drivers and investment opportunities within the market. Additionally, the report's country analysis offers companies a comprehensive understanding of the socioeconomic, cultural, and demographic factors that shape the landscape.
About us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.