Navigating the Future: Examining the Growth Drivers of the Material Handling Robots Industry

Material Handling Robots Industry Data Book - Automated Guided Vehicles, Autonomous Mobile Robot, Collaborative Robots Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Material Handling Robots Industry was valued at USD 7.34 billion in 2021 and is anticipated to increase at a significant CAGR of 17.4% from 2022 to 2030.

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.

Access the Global Material Handling Robots Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Automated Guided Vehicles (AGV) Market Growth & Trends

The global automated guided vehicle market size is expected to reach USD 9.18 billion by 2030, registering a CAGR of 10.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Automated guided vehicles (AGVs) have transformed the way materials can be moved within the manufacturing and distribution facilities. In a production environment where several operations are carried out simultaneously, these vehicles ensure a predictable and reliable transfer of raw materials and manufactured products from one point to another within the facility, thereby eliminating any potential disruption in production.

These vehicles can operate safely around structures, machinery, and employees, as they are equipped with accessories, such as camera vision and LiDAR sensors, which help detect junctions, identify floor signs, and avoid collisions with any obstacle. For instance, in November 2021, Quanergy Systems, Inc., a U.S.-based company that offers an AI-powered LiDAR platform, launched the new M1 Edge 2D LiDAR sensors for automation. The newly launched LiDAR sensor is light in weight, broad 360°, with a sensing capability of up to 200 meters used in mobile robotics, AGVs, warehouse logistics applications, and port automation.

Several manufacturing plants and warehouses deploy material handling equipment for various activities, such as locating stock, picking orders, and moving products and raw materials. Transportation and logistics firms are mainly focusing on deploying such equipment to boost the efficiency of their operations in line with the growing demand for their services. For instance, in March 2023, MasterMover Ltd, a prominent manufacturer of electric tug and tow solutions, announced a collaboration with BlueBotics, a navigation, robotics, and industrial automation company.

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

Autonomous Mobile Robot (AMR) Market Growth & Trends

The global autonomous mobile robots market size is expected to reach USD 9.56 billion by 2030 and is expected to expand at a CAGR of 16.8% from 2022 to 2030, according to a new report by Grand View Research, Inc. Autonomous mobile robots (AMRs) have triggered a paradigm shift in the way tasks, such as material picking, handling, and sorting, that are commonly associated with manufacturing and distribution are performed. These robots can ensure the reliable handling of raw materials and manufactured items within distribution and production facilities, thereby eliminating disruptions in operations.

These robots are typically equipped with different sensors, such as LiDAR sensors, to navigate equipment and worker safety. For instance, in May 2022, Qualcomm introduced the Robotics RB6 platform, a high-end hardware development kit that can serve as the brains for commercial drones, autonomous robots, and delivery robots. It also unveiled a brand-new RB5 reference design, based on the RB5 platform used in millions of systems, that includes all the hardware and sensors needed to develop AMRs.

Manufacturing and distribution facilities aggressively deploy material handling automation systems for tasks such as picking & packing, moving and sorting items. Incumbents of the transportation & logistics industry are leading the deployment of AMRs to boost production and distribution operations, in line with the increasing demand. With the fast-developing e-commerce business driving direct delivery trends, order fulfillment productivity has become a priority for warehouse operators.

AMRs benefit warehouse operators by reducing the workload for order pickers and improving safety by eliminating forklift accidents and musculoskeletal diseases. For instance, in December 2021, at the India Warehousing Show (IWS), Addverb Technologies Private Limited, a worldwide robotics business, announced the introduction of Veloce, a multi-carton picking mobile robot. The new picking robot boosts storage efficiency by increasing capacity and utilizing vertical spaces, enabling clients to save vital costs on warehouse space and associated pricey rentals.

Go through the table of content of Material Handling Robots Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Material Handling Robots Industry are:

• Swisslog Holding AG
• Egemin Automation Inc.
• Bastian Solutions, Inc.
• Daifuku Co., Ltd.
• Dematic

Check out more Industry Data Books, published by Grand View Research

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.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Material Handling Robots Industry: Navigation Technology Market Share Analysis, 2021 - 2030

Material Handling Robots Industry Data Book - Automated Guided Vehicles, Autonomous Mobile Robot, Collaborative Robots Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Material Handling Robots Industry was estimated at USD 7.34 billion in 2021 and is anticipated to increase at a significant CAGR of 17.4% from 2022 to 2030.

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.

Automated Guided Vehicles Market Insights

The global automated guided vehicle market size was valued at USD 3.81 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 10.2% from 2022 to 2030. Automated guided vehicle (AGV) systems assist in moving and transporting items in manufacturing facilities, warehouses, and distribution centers without any permanent conveying system or manual intervention. It follows configurable guide paths for optimizing storage, picking, and transport functions in the environment of premium space. AGVs are being highly adopted owing to several benefits, such as reduced labor costs, reduced product damage, increased productivity, and scale to support automation processes. These notable advantages encourage transportation and logistics firms to deploy AGVs to boost the efficiency of their operations.

Automated guided vehicles are used in various end-use industries, such as logistics, automotive, healthcare, manufacturing, food & beverages, and others. Increased productivity and reduced labor costs are the key factors driving the need for industrial equipment. The demand for AGVs is expected to grow owing to the increasing automation in industries. Increasing industrialization has led to the continuous need for customized material handling and transport solutions for fuel efficiency.

Autonomous Mobile Robots (AMR) Market Insights

The global AMR market size was valued at USD 2.52 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.8% from 2022 to 2030. Autonomous mobile robots pick, transport, and sort items within manufacturing and distribution facilities without manual intervention. AMRs leverage vision cameras, onboard sensors, and facility maps integrated with warehouse execution software (WES) to perform various operations, such as moving raw materials and manufactured goods within the facility. AMRs are highly preferred owing to their myriad benefits, such as preventing product damage, reducing labor costs, enhancing productivity, and automating processes. Incumbents of several industries and industry verticals, including transportation & logistics, automotive, and food & beverages, are already reaping the benefits of adopting AMRs.

AMRs form an essential component of lean operations in the broader picture of various industrial scenarios as they are developed to address specific challenges associated with conventional industrial environments. These robots navigate inherently dynamic environments, such as construction sites. Since production facilities are pursuing leaner operations and are becoming more active, robots that can navigate and operate safely within these environments are poised for significant commercial growth.

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

Collaborative Robots Market Insights

The global collaborative robots market size was valued at USD 1.01 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 31.5%, from 2022 to 2030. The growth can be ascribed to the increasing adoption of collaborative robots, or cobots, in Small and Medium Enterprises (SMEs). These companies are increasingly investing in cobots to interact with humans in a shared workspace and automate manufacturing processes. The growth is further proliferated by technological advancements in the industry.

The integration of artificial intelligence and machine learning technologies in industrial robots is positively influencing the business space. Besides, the advent of 5G technology is also expected to stimulate the adoption of cobots in the manufacturing sector. The release of an industrial grade 5G wireless network by Nokia Corporation to meet the requirements of Industry 4.0 is a prominent example of such developments. The low-latency connectivity offered by 5G wireless solutions will help OEMs enhance robotic automation and increase the productivity, quality, and efficiency of the manufacturing processes.

Go through the table of content of Material Handling Robots Industry Data Book to get a better understanding of the Coverage and scope of the study

Material Handling Robots Industry Data Book Competitive Landscape

The key market players in the Material Handling Equipment markets are continuously seeking various initiatives such as strategic alliances, mergers and acquisitions, and new development launches. These vendors bear expertise in the Material Handling Equipment industry and have strategic footprints across various parts of the world. Hence, these companies have successfully defended their position in the market.

Key players operating in the Material Handling Robots Industry are:

• Swisslog Holding AG
• Egemin Automation Inc.
• Bastian Solutions, Inc.
• Daifuku Co., Ltd.
• Dematic

Check out more Industry Data Books, published by Grand View Research

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. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter

Material Handling Robots Industry is driven by Increasing Demand for Automation in Various Process

Material Handling Robots Industry Data Book - Automated Guided Vehicles, Autonomous Mobile Robot, and Collaborative Robots Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

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.

Access the Global Material Handling Robots Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Automated Guided Vehicles (AGV) Market Report Highlights

The global automated guided vehicle market size was valued at USD 3.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.2% from 2022 to 2030.

• The unit load carrier segment is expected to expand at the fastest CAGR over the forecast period owing to its ability to handle multiple items simultaneously, reducing the number of trips required and, potentially, handling costs
• Natural navigation technology’s adoption is expected to grow significantly over the forecast period as it enables businesses to easily modify and expand the guide path of the AGV
• Assembly line application is expected to have the highest CAGR over the forecasts period as assembly line AGV are replacing traditional mechanical production lines
• The manufacturing segment dominated the market in 2022 and accounted for a revenue share of over 77%. The growing adoption of automated guided vehicles across various industries can be attributed to the benefits offered by AGVs in terms of productivity, safety, and accuracy
• The service segment is anticipated to be the fastest-growing segment in the forecast period. This growth can be attributed to the rising demand for various services, which include preventive and corrective maintenance, vehicle and software health check, and training employees directly or indirectly with the operation of AGVs
• Europe dominated the market in 2022 and accounted for a revenue share of over 30%. Rising investments in the manufacturing sector's technological advancement are expected to improve the AGV market in Europe

Autonomous Mobile Robot (AMR) Market Report Highlights

The global autonomous mobile robot market size was valued at USD 2.52 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.8% from 2022 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

Order your copy of Free Sample of “Material Handling Robots Industry Data Book - Automated Guided Vehicles, Autonomous Mobile Robot, and Collaborative Robots Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Collaborative Robots (Cobots) Market Report Highlights

The global collaborative robots market size was valued at USD 1.01 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 31.5%, from 2022 to 2030.

• 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

Go through the table of content of Material Handling Robots Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The key market players are continuously seeking various initiatives such as strategic alliances, mergers and acquisitions, and new development launches. These vendors bear expertise in the Material Handling Equipment industry and have strategic footprints across various parts of the world. Hence, these companies have successfully defended their position in the market.

Key players operating in the Material Handling Robots industry are:

• Swisslog Holding AG
• Egemin Automation Inc.
• Bastian Solutions, Inc.
• Daifuku Co., Ltd.
• Dematic
• ABB Group
• Bleum
• Boston Dynamics
• Clearpath Robotics, Inc.
• GreyOrange

Check out more Industry Data Books, published by Grand View Research

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.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter