In 2022, the market for autonomous mobile robots was expected to be worth $2.85 billion. By 2032, the market is anticipated to reach a value greater than $20.99 billion. The forecast period is expected to see this market expand at a compound annual growth rate of 22.1 percent, according to Fact Market Research.
The rising demand for automation in 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. [Read more…] about Autonomous mobile robots market expected to expand at 22 percent a year