NEW DELHI, Sept. 19, 2024 /PRNewswire/ -- According to the latest market research by LogisticsIQ [https://www.thelogisticsiq.com/research/automated-guided-vehicles-agv-market/] (5(th) Edition), the Mobile Robots (AGV and AMR) Market is expected to reach ~$22 billion by 2030 with a growth rate of ~18% and ~30% for AGV and AMR respectively. We expect the installed base of AGVs and AMRs to cross 3 million units in 2030.
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Highlights of AGV (Automated Guided Vehicles) and AMR (Autonomous Mobile Robots) Market
-- Market Performance: Due to economic uncertainties, including capex cuts,
inflation, supply chain disruptions, and geopolitical factors, the
market witnessed slower growth than expected in 2023 and 2024. However,
mobile robot sales are projected to exceed $6 billion in 2024.
-- Future Growth: Over 700,000 mobile robots (AGVs and AMRs) are expected
to be shipped by 2030, reaching an installed base of 3 million globally.
-- AMR Market Surge: AMRs are anticipated to grow at a CAGR of over 30%
between 2024 and 2030, surpassing AGVs in market share and shipments by
2030.
-- Leading Markets: The United States, Germany, and China will dominate the
market, with a combined annual demand of over 350,000 mobile robots by
2030.
Applications and Technology
-- Goods-to-Person (G2P) and Person-to-Goods (P2G) AMRs: Both systems are
growing in popularity, each with distinct advantages based on warehouse
needs. Locus Robotics, a leading P2G vendor, reached 3 billion total
picks across global deployments in April 2024.
-- Emerging Robot Categories: Picking Robots, Manipulator Robots, Case
Handling Robots, and Sortation Robots will play a vital role in
fulfillment centers by 2030. RightHand Robotics recently signed a
multi-year deal with Staples Inc. to deploy its RightPick((TM)) system
to enhance next-day delivery operations across 98% of the U.S.
-- China's Role: We expect China to become a hub for Autonomous Mobile
Robots (AMRs), benefiting from labor cost advantages and high domestic
consumption. Geekplus, a key player in the Chinese market, has
successfully deployed over 170 tote-based AMR systems globally.
-- Advanced Navigation: After QR code technology, LiDAR, Vision Cameras,
and Sensor Fusions are becoming essential for enhanced accuracy and
safety in navigation. Sensor Fusion AMRs are projected to grow by 70%.
Specialized Autonomy Service Providers are collaborating with mobile
robot manufacturers to develop these technologies using AI and Machine
Vision.
Emerging Applications
-- Delivery, Security, and Cleaning are the emerging applications to target
with an attractive growth of ~30% apart from logistics and manufacturing
although absolute market size is relatively low.
Purchase the full report on the Mobile Robots Market - Growth, Trends, and Forecast [https://www.thelogisticsiq.com/research/automated-guided-vehicles-agv-market/]
Top Factors & Challenges in the AGV and AMR Market
-- Industry 4.0 and Automation: Automation is the key focus in
manufacturing and logistics sector as a part of Industry 4.0 and Supply
Chain 4.0 initiatives for continuous growth and sustainability. Robotics
is an important aspect of this automation and may contribute more than
20% in Warehouse Automation Market opportunity worth more than $55B
[https://www.thelogisticsiq.com/research/warehouse-automation-market/]
-- E-commerce growth: Growth in e-commerce is the main driver for AGV/AMR
demand in warehouse automation. Global e-Commerce sales have grown at a
CAGR of 20% over the last decade, reaching more than $5 trillion
worldwide in 2024, and expected to grow to ~$9 trillion by 2030. The
share of online retail sales has gone from 2% of total to ~15%, and is
further expected to reach ~25% by 2030.
-- Rising Personnel Costs: High personnel costs and wage rates are
especially high in the developed countries. Annual costs for a forklift
operator can run up to $50,000, with round the clock operations driving
up costs to over $200,000.
-- AI and Deep Learning: Artificial Intelligence and Deep learning
transforming warehouse operations and services. In 2023, SoftBank
announced $100M investment to set up an artificial intelligence-oriented
warehousing joint venture with Symbotic called GreenBox Systems. As per
the announcement, SoftBank will also buy $7.5 billion of Symbotic's
AI-powered systems for its warehouses.
-- RaaS and Leasing Options: Robots-as-a-Service (RaaS) models are becoming
popular, reducing upfront costs. Flexible payment options such as "Pay
Per Pick", "Pay Per Mile", "Pay Per Peak Day" allow warehouse operators
to balance OpEx and Capex.
-- Safety Challenges: While AGVs and AMRs are designed to operate safely
around humans, safety requirements differ across industries. Ensuring
compliance with safety standards is critical, particularly for service
robots operating in public spaces such as malls, grocery stores, and
hospitals.
-- Cloud-Based Autonomy: Advanced AI-based autonomy platforms are migrating
to the cloud for remote monitoring and scalability. For example,
Continental Mobile Robots has collaborated with AWS to develop a
cloud-based autonomy stack, offering features such as remote debugging
and streamlined deployment processes.
Key Players Analysed
-- AGV & AMR: Geek+, Quicktron (Flashhold), ForwardX Robotics, GreyOrange,
HikRobot (HikVision), Mobile Industrial Robots - MiR (Teradyne), inVia
Robotics, 6 River Systems - 6RS (Ocado Group), Fetch Robotics (Zebra),
JATEN, Onward Robotics (IAM Robotics), Locus Robotics, Vecna Robotics,
Waypoint Robotics (Locus Robotics), Tompkins Robotics, Scallog, OTTO
Motors (Clearpath Robotics, Rockwell Automation), GIDEON Brothers,
Magazino GmbH (Jungheinrich), NextShift Robotics (JASCI), AutoGuide
Mobile Robots (MiR, Teradyne), EiraTech Robotics, Aethon (ST
Engineering), Prime Robotics (BLEUM), HAI Robotics, Bionic HIVE, Oppent,
PAL Robotics, Matthews Automation Solutions (Matthews International),
GUOZI Robotics, CAJA Robotics, Omron (Adept Technology), Guidance
Automation (Matthews International), Syrius Robotics, MALU Innovation
(JD), Eurotec (Lowpad), Mitsubishi Logisnext Europe Oy (Rocla),
NeoBotix, JBT Corporation, Transbotics (Scott Group), CSG Huaxiao,
EK-Robotics (EK Automation), OCEANEERING, Wellwit Robotics,
Logistic-Jet, SEEGRID, BALYO, Mushiny, TÜNKERS Maschinenbau GmbH, CPM -
Dürr Group, SEER, FlexQube, IDEALworks GmbH, Continental Mobile Robots,
SEER, DS Automotion (SS Schaefer)
-- System Integrators (SI): Daifuku, Dematic (KION Group), SSI-Schaefer,
Vanderlande (Toyota Advanced Logistics), Swisslog (KUKA), Knapp, Murata
Machinery Ltd., Elettric 80, Beumer Group, Witron Logistik + Informatik,
TGW Logistics, Grenzebach GmbH, FIVES Group, Honeywell Intelligrated,
Bastian Solutions (Toyota Advanced Logistics), Material Handling System
(MHS), Jungheinrich AG, LODIGE Industries, ViaStore Systems, Interlake
Mecalux, Kardex, AutoStore, DMW&H, Westfalia, Dambach AG, PSB
intralogistics GmbH, SIASUN Robot Automation Co., Ltd., SAVOYE, OPEX
Corporation, System Logistics (Krones Group), GÜDEL, Addverb
Technologies, Lodamaster Group, KPI Integrated Solutions, Wayzim
Technology
-- Autonomy Service Providers (ASP): Brain Corporation, Bluebotics,
KOLLMORGEN, Autonomous Solutions, Inc. (ASI), MOVEL AI, MOV AI, FREEDOM
ROBOTICS, ROBOMINDS, PERCEPTIN, ROMB Technologies, Balyo, Seegrid, Vecna
Robotics
-- Machine Vision & Imaging: Basler AG, Keyence, Omron Microscan, Cognex
-- Disinfection Robots: UVD Robotics, Sarcos Robotics, Techmetics Robotics,
Wellwit, Geek+, Fybots, Sherpa, Akara, MiR, Sesto, LionsBot,
SmartGuardUV, Milvus, Revotonix, YouiBot
-- Retail & Inventory Management Robots: Bossa Nova Robotics, Simbe
Robotics, Badger Technologies, Lowe's - LoweBot (Powered by Fellow AI),
Fetch Robotics, Brain Corporation
-- Indoor Delivery Robots: Bear Robotics, Keenon Robotics, Savioke Inc.,
Rice Robotics, Pudu, PAL Robotics, Keenon, Savioke, Segway Robotics,
Anscer, Aethon
-- Security and Inspection Robots: Cobalt Robotics, Knightscope Robotics,
OTSAW Digital, SMP Robotics, Enova, Secom, AgileX
-- Tele-operated / Telepresence Robots: Diligent Robotics, Ohmni Labs, AVA
Robotics, GoBe Robotics, Double Robotics, Temi Robotics
-- Cleaning Robots: Softbank Robotics, Avidbots, Gaussian Robotics,
LionsBot
-- Hospital Support Robots: Revotonix L.L.C, Jetbrain, Aethon, MiR,
MeanWhile, Keenon, Savioke, ABB, Diligent
-- Agriculture Robots: Bogaerts, Harvest Automation, AIS, Katif, Naio
Technologies, Robotnik
-- Delivery Robots (Last Mile Delivery Robots): STARSHIP, NURO AI, Tele
Retail, Kiwibot, Robby Technologies, Postmates, Eliport, Hello World
Robotics, OTSAW, JD.com, Scout
-- Battery & Chargers: LG Chem (LG Energy Solutions), Crown Equipment
Corporation, East Penn Manufacturing, EnerSys, SBS, iN2Power, Wiferion,
Inventus Power, Toshiba SCiB, Conductix-Wampfler
-- Motion Control & Robotic Components: Advance Motion Control, Kollmorgen,
Energid (Teradyne), Harmonic Drive System, Parker, Elmo Motion, CGI,
Brother, Nidec, Allied Motion, SEW Eurodrive, Pilz, Nord, Murrelektronik
Know more about AGV and AMR Market - Top Players, Cost Analysis, Competition, and Customer Expectation [https://www.thelogisticsiq.com/research/automated-guided-vehicles-agv-market/]
What will you get in this report?
-- 500 Pages and 160+ Exhibits Market Report
-- Revenue and Shipment data segmented:
-- By form factor (Deck-load, Tugger/Pull, Forklift)
-- By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera,
Sensor, Fusion)
-- By Function (Goods to person (G2P), Person to Goods (P2G),
Conveying, Piece picking, Towing, Pallet Handling)
-- By Application (Manufacturing, Logistics and Warehousing, Shipping,
Delivery, Cleaning, Security, Hospital, Retail)
-- Detailed excel file with 150+ market tables (Revenue and Shipment)
including forecast till 2030
-- A bottom-up analysis of AGV AMR market for 19 countries (United States,
Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South
Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore,
Indonesia, Phillippines) in 5 regions
-- In-depth analysis of 700 companies in the ecosystem with more than 160
company profiles.
-- Focus Group Discussion with 100+ key industry stakeholders across the
value chain to collect the first-hand information to validate our
analysis. Stakeholders include components and technology providers,
system integrators, robot manufacturers (OEM/ODM), robotic software &
service providers, and end-user industry verticals. Apart this, study
also focuses on different components and integral parts of AGV/AMR like
Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR,
Sensor Fusion, QR Code and Wireless Communication.
-- 2 Analyst Sessions to brainstorm further
-- Investment details excel file with 175+ M&A and ~1000 funding deals
-- LogisticsIQ(TM) Exclusive Market Map (700+ Players across more than 15
categories)
About LogisticsIQ
LogisticsIQ [https://www.thelogisticsiq.com/] is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
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