Material Handling Robots Industry Data Book Covers Automated Guided Vehicles, Autonomous Mobile Robot, Collaborative Robots Markets.
The global AGV, AMR, and cobots markets combine to account for USD 7.34 billion in revenue in 2021, which is expected to reach USD 31.07 billion by 2030, growing at a cumulative rate of 17.4% over the forecast period.
Automated Guided Vehicle Market Report Highlights
The global automated guided vehicle market size was valued at USD 3.81 billion in 2021, and it is expected to reach USD 9.38 billion by 2030. The market is anticipated to reach a CAGR of 10.2% from 2022 to 2030.
- The adoption of material handling equipment and automation solutions is growing significantly across several industries
- The growing adoption of AGVs by the automotive industry as well as the automotive supply industry to move intermediate products within the facility is expected to drive the growth of the AGV market
- The manufacturing industry is increasingly adopting AGVs to save on labor costs. While AGV can operate on a 24×7 basis, the costs associated with the procurement and maintenance of AGV tend to be lesser than the costs incurred on salaries and employee benefits
- The logistics and warehousing segment happen to be the largest application of AGVs. The segment generated the highest revenue in 2021 and is expected to retain its dominance during the forecast period
- The European regional market dominated the global AGVs market in 2021. However, the Asia Pacific regional market is projected to expand at the highest CAGR from 2022 to 2030
Access the Global Material Handling Robots Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Autonomous Mobile Robots Market Report Highlights
The global autonomous mobile robots market size was valued at USD 2.97 billion in 2022, and it is expected to reach USD 9.56 billion by 2030 and is expected to expand at a CAGR of 15.5% from 2023 to 2030.
- The adoption of material handling automation solutions for inventory management is growing significantly across various industries
- The manufacturing segment dominated the market in 2022 and is expected to continue dominating the market over the forecast period
- Incumbents of the manufacturing industry have realized that the costs associated with the maintenance and procurement of autonomous mobile robots tend to be significantly less
Collaborative Robots Market Report Highlights
The global collaborative robots market size was valued at USD 1.23 billion in 2022, and it is anticipated to reach USD 11.04 billion by 2030, exhibiting a CAGR of 32.0% over the forecast period.
- The mounting adoption of collaborative robots is seen in several industrial applications, as they serve as assisting devices for humans and enhance the overall efficiency and quality of the manufacturing processes
- The collaborative robots industry is expected to witness strong growth in the coming years with the increasing adoption of cobots across small and medium enterprises, as they are cost-effective and provide a higher return on investment
- Europe captured a sizeable revenue share of more than 30.0% in 2022 owing to the increased product application in electronics, logistics, and inspection verticals
- Key market players include ABB Group, EPSON Robots, DENSO Robotics, Energid Technologies Corporation, Fanuc Corporation, F&P Robotics AG, MRK-Systeme GmbH, and KUKA AG
Order your copy of the Free Sample of “Material Handling Robots Industry Data Book – Automated Guided Vehicles, Autonomous Mobile Robot, Collaborative Robots Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research
Competitive Landscape
Key players operating in the material handling robots industry are –
- ABB
- Bleum
- Clearpath Robotics
- GreyOrange, Inc.
- Harvest Automation
- inVia Robotics
- Boston Dynamics
- IAM Robotics, Inc.
- KUKA AG
- Teradyne Inc.
Grand View Research’s material handling robots’ industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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