The study categorizes Automated Guided Vehicles (AGVs) as systems that operate within a structured and monolithic environment, guided by mechanisms like magnetic strips or wires. China is poised to emerge as a hub for Autonomous Mobile Robots, driven by advantages in labor cost and domestic consumption volume.Emerging categories like Goods to Person (G2P), Person to Goods (P2G), Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots are expected to gain prominence, particularly in micro-fulfillment contexts. Leading markets are forecasted to be the United States, Germany, U.K., and China, contributing to an annual demand exceeding 350,000 mobile robots (AGV & AMR) by 2028.AMRs are anticipated to experience a Compound Annual Growth Rate (CAGR) of around 37% between 20, positioning them as a more attractive market segment compared to AGVs by 2028, with increased shipments and Total Addressable Market (TAM) share.Projected shipments of around 670,000 mobile robots (AGVs & AMRs) are expected for 2028, with an installed base reaching 2.7 million.
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