Report : Europe Autonomous Mobile Robots Market Forecast to 2030 - Regional Analysis - by Component (Hardware and Software & Services), Type (Picking Robots, Self-Driving Forklifts, and Autonomous Inventory Robots), and End Use (Manufacturing and Distribution & Warehousing)
At 25.8% CAGR, the Europe Autonomous Mobile Robots Market is Speculated to be worth US$ 3,318.12 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Europe autonomous mobile robots market was valued at US$ 529.18 million in 2022 and is expected to reach US$ 3,318.12 million by 2030, registering a CAGR of 25.8% from 2022 to 2030. Proliferation of E-Commerce industry and growing demand for automated systems are the critical factors attributed to the Europe autonomous mobile robots market expansion.
Autonomous mobile robots (AMMR) mounted with a robot arm are examples of advanced and intelligent AMR. AMMRs are increasingly gaining traction due to their ability to efficiently pick up and move things on a mobile platform in logistics, retail, healthcare, automobile, aerospace, and other sectors. They can recognize objects, and perform pick-and-place, assembly, packing, sorting, and other tasks without human intervention. The market for AMMRs is still in a developing phase due to their higher cost than AMRs. However, the rising adoption of these robots is credited to the increasing awareness of their ability to maximize operational efficiency, minimize error, and increase productivity output.
The rising factory automation that enhances the productivity and quality of the output while decreasing the overall production cost triggers the adoption of AMMRs across industries such as automotive and manufacturing. These advanced robots guarantee consistent and superior-quality results, and they can especially be deployed to fulfill mass production requirements in different industries to ensure improved quality, minimal human intervention, and lesser labor expenses. A few of the recent developments and use cases of AMMRs are mentioned below.
In April 2023, Comau S.p.A., Italy, developed a mobile manipulator mounted on an autonomous mobile platform. This system was built for three different projects in the European Union (EU). In October 2021, Plus One Robotics Inc. and Locus Robotics Corp. announced a strategic collaboration to develop an automated picking system combining mobile robots and stationary picking arms to help improve productivity in e-commerce fulfilment centers. Therefore, the growing adoption of AMMR is expected to provide lucrative growth opportunities to the Europe autonomous mobile robots market in the near future. This is expected to drive the Europe autonomous mobile robots market during the forecast period.
On the contrary, high cost of autonomous mobile robots hurdles the growth of Europe autonomous mobile robots market.
Based on component, the Europe autonomous mobile robots market is bifurcated into hardware and software & services. The hardware segment held 90.2% market share in 2022, amassing US$ 477.32 million. It is projected to garner US$ 2,958.25 million by 2030 to expand at 25.6% CAGR during 2022–2030.
Based on type, the Europe autonomous mobile robots market is categorized into picking robots, self-driving forklifts, and autonomous inventory robots. The picking robots segment held 51.6% share of Europe autonomous mobile robots market in 2022, amassing US$ 273.20 million. It is projected to garner US$ 1,594.20 million by 2030 to expand at 24.7% CAGR during 2022–2030.
Based on end use, the Europe autonomous mobile robots market is bifurcated into manufacturing and distribution & warehousing. The manufacturing segment held 58.2% share of Europe autonomous mobile robots market in 2022, amassing US$ 308.15 million. It is projected to garner US$ 1,858.14 million by 2030 to expand at 25.2% CAGR during 2022–2030.
Based on country, the Europe autonomous mobile robots market has been categorized into Germany, France, the UK, Italy, Russia, Sweden, Spain, Netherlands, and the Rest of Europe. Our regional analysis states that Germany captured 24.0% share of Europe autonomous mobile robots market in 2022. It was assessed at US$ 127.11 million in 2022 and is likely to hit US$ 849.46 million by 2030, exhibiting a CAGR of 26.8% during 2022–2030.
Key players operating in the Europe autonomous mobile robots market are ABB Ltd; Clearpath Robotics Inc; Geekplus Technology Co Ltd; Kivnon Logistica SL; Locus Robotics Corp; OMRON Corp; and Teradyne Inc, among others.
- In July 2023, ABB and Microsoft collaborate to bring generative AI to industrial applications.
- In May 2023, Mitsubishi Electric Announces Strategic Investment in OTTO Motors to Accelerate Industrial Automation.
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