Global AGV and AMR Market Analysis and Outlook 2023-2028: China Poised to Emerge as a Hub for Autonomous Mobile Robots, Driven by Advantages in Labor Cost and Domestic Consumption Volume

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Aug 21, 2023, 22:45 ET

DUBLIN, Aug. 21, 2023 /PRNewswire/ -- The "AGV and AMR Global Market Forecast till 2028" report has been added to ResearchAndMarkets.com's offering.

The realm of Autonomous Mobile Robots (AMR) and Automated Guided Vehicles (AGV) is expanding beyond logistics and manufacturing, driven by advancements in Artificial Intelligence (AI), Machine Vision, manipulation capabilities for automated picking and placing, and robotic mechanics.

According to the study, the AGV and AMR market is projected to reach approximately $20 billion by 2028, experiencing growth rates of approximately 22% for AGVs and 37% for AMRs. The combined installed base of AGVs and AMRs is set to surpass 2.7 million by 2028, making mobile robots a commonplace presence in daily operational activities.

The study highlights pivotal factors and challenges, including the central role of automation in the manufacturing and logistics sectors as part of Industry 4.0 and Supply Chain 4.0 initiatives. The growth of e-commerce serves as a key driver for AGV/AMR demand in warehouse automation. Global e-commerce sales have experienced a CAGR of 20% over the past decade, surpassing $5 trillion worldwide in 2022, with expectations to reach around $8 trillion by 2028. The share of online retail sales has burgeoned from 2% of the total to roughly 15%, with projections indicating it could exceed 22% by 2028.

High personnel costs in developed countries have fueled interest in AGVs and AMRs. The annual costs for a forklift operator can escalate to $50,000, and constant operation requires multiple drivers. Coupled with forklift investment, annual costs can exceed $200,000. The rise of Artificial Intelligence and Deep Learning is causing disruption across industries, including warehousing. In 2023, SoftBank Group Corp. announced a $100 million investment in the establishment of an AI-oriented warehousing joint venture with Symbotic Inc., named GreenBox Systems LLC. SoftBank is also set to purchase $7.5 billion worth of Symbotic's AI-powered systems for its warehouses.

Flexible leasing options such as RaaS (Robotics as a Service) are easing upfront investment burdens, enabling end-users to validate Return on Investment (RoI) through pilot runs. These options encompass models like Pay Per Pick, Pay Per Mile, and Pay Per Peak Day, aligning OpEx and RaaS costs.

The evolution of AGVs and AMRs over the past 15 years has yielded a diverse array of machines and markets. A significant challenge lies in addressing safety requirements, particularly between "service" AGVs/AMRs and "industrial" AGVs/AMRs. While the intention is to prevent harm to humans, service robots often interact in human-centric environments such as grocery stores, malls, hospitals, and sidewalks.

Study Coverage

The fourth edition of this post-pandemic AGV and AMR business research presents an exclusive market study that not only covers traditional revenue sources like Logistics and Manufacturing but also delves into emerging applications such as Healthcare, Disinfection, Retail and Inventory Management, Security and Inspection, Agriculture, Hospital Assistance, Indoor and Outdoor Delivery, Cleaning, Tele-presence and Tele-operation, and Data Platforms & Remote Sensing.

The study encompasses a thorough analysis of over 650 players through our exclusive AGV/AMR Market Map, highlighting Key Navigation Technologies, Major Form Factors & Functions, Targeted Industry Verticals & Applications, and over 20 geographical regions. The analysis is validated through 100+ in-depth interviews spanning the value chain, including component and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals.

Additionally, the study hones in on distinct components and integral elements of AGV/AMR systems, including Motion Control, Batteries & Chargers, Cameras / Vision Sensors, LiDAR, Sensor Fusion, QR Code, and Wireless Communication. An exhaustive market size and forecast database, presented in Excel format, facilitates further analysis and strategic planning, complemented by 156 market tables.

This report serves as a comprehensive reference for assessing market attractiveness, identifying potential partners, customers, or suppliers, evaluating the competitive landscape, benchmarking new technologies, and selecting suitable geographical regions and industry verticals for products and services. End-user insights and perspectives stand as a primary parameter for this market forecast.

Highlights of the AGV and AMR Market

The industry demonstrated robust growth in 2022 despite challenges like capex reductions, supply chain disruptions, inflationary pressures, and geopolitical uncertainties, recording sales of approximately $5 billion in that year.
Projected shipments of around 670,000 mobile robots (AGVs & AMRs) are expected for 2028, with an installed base reaching 2.7 million.
AMRs are anticipated to experience a Compound Annual Growth Rate (CAGR) of around 37% between 2023 and 2028, positioning them as a more attractive market segment compared to AGVs by 2028, with increased shipments and Total Addressable Market (TAM) share.
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.
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.
China is poised to emerge as a hub for Autonomous Mobile Robots, driven by advantages in labor cost and domestic consumption volume.

The AGV vs. AMR Debate

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. Obstacles obstructing their path necessitate manual intervention for them to resume motion. Re-deployment of these guided technologies incurs additional costs when facility changes occur.

On the other hand, Autonomous Mobile Robots (AMRs) thrive in dynamic environments, utilizing autonomous navigation. They construct and store facility maps, enabling them to adapt their routes when obstacles arise. AMRs exhibit greater flexibility and ease of deployment, requiring minimal adjustments when facility alterations occur.

Key players in the AGV & AMR realm include:

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
IAM Robotics
Locus Robotics
Vecna Robotics
Waypoint Robotics (Locus Robotics)
Tompkins Robotics
Scallog
OTTO Motors (Clearpath Robotics)
GIDEON Brothers
Magazino GmbH
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
John Bean Technologies (JBT Corporation)
Transbotics (Scott Group)
CSG Huaxiao
EK-Robotics (EK Automation)
OCEANEERING
Wellwit Robotics
Logistic-Jet
SEEGRID
BALYO
Mushiny
TUNKERS Maschinenbau GmbH
CPM - Durr Group
SEER
FlexQube
IDEALworks GmbH
Continental Mobile Robots
DS Automotion (SS Schaefer)
among others

Key Topics Covered

1. Introduction
2. Executive Summary
3. Automated Guided Vehicle Technology
4. Market Size of AGV/AMR by Form Factor (Units and USD Million) - Forecast to 2028
5. Market Size of AGV/AMR by Navigation Technology (Units and USD Million) - Forecast to 2028
6. Market Size of AGV/AMR by Function (Units and USD Million) - Forecast to 2028
7. Market Size of AGV /AMR by End-use Industry (Units and USD Million) - Forecast to 2028
8. Market Size of AGV/AMR by Geography - Forecast to 2028 (Units and USD Million)
9. AGV/AMR Business Model
10. AGV/AMR Components & Functions
11. Competitive Landscape

System Integrators
AGV & AMR - Key Players
Autonomy Service Providers (ASPs)
Machine Vision & Imaging
Disinfection Robots
Retail Robots
Indoor Delivery Robots
Security and Inspection Robots
Tele-operated / Telepresence Robots
Cleaning Robots
Hospital Support Robots
Agriculture Robots
Battery & Chargers
Key Components
Piece Picking Robots
Warehouse Management System Providers
Automatic Identification and Data Capture (AIDC)
Warehouse Drones
Delivery Robots

A selection of companies mentioned in this report includes:

ABB
Advance Motion Control
Aethon
Aethon (ST Engineering)
AgileX
AIS
Akara
Allied Motion
Anscer
AutoGuide Mobile Robots (Teradyne)
Autonomous Solutions
AutoStore
AVA Robotics
Avidbots
Badger Technologies
BALYO
Basler AG
Bastian Solutions (Toyota Advanced Logistics)
Bear Robotics
Beumer Group
Bionic HIVE
BLEUM
Bluebotics
Bogaerts
Bossa Nova Robotics
Brain Corporation
Brother
CAJA Robotics
CGI
Cobalt Robotics
Cognex
Crown Equipment Corporation
CSG Huaxiao
Daifuku
Dambach AG
Dematic (KION Group)
Diligent
Diligent Robotics
DMW&H
Double Robotics
DS Automation
East Penn Manufacturing
EiraTech Robotics
EK Automation
Elettric 80
Eliport
Elmo Motion
Energid (Teradyne)
EnerSys
Enova
Eurotec (Lowpad)
Fetch Robotics
FIVES Group
ForwardX Robotics
FREEDOM ROBOTICS
Fybots
Gaussian Robotics
Geek+
GIDEON Brothers
GoBe Robotics
Grenzebach GmbH
GreyOrange
Guidance Automation (Matthews International)
GUOZI Robotics
GUDEL
HAI Robotics
Harmonic Drive System
Harvest Automation
Hello World Robotics
HikRobot (HikVision)
Honeywell Intelligrated
IAM Robotics
iN2Power
Inc. (ASI)
Interlake Macalux
Inventus Power
inVia Robotics
JATEN
JD.com
Jetbrain
John Bean Technologies (JBT Corporation)
Jungheinrich AG
Kardex
Katif
Keenon
Keenon Robotics
Keyence
Kiwibot
Knapp
Knightscope Robotics
Kollmorgen
LG Chem (LG Energy Solutions)
LionsBot
Locus Robotics
LODIGE Industries
Logistic-Jet
Lowe's - LoweBot (Powered by Fellow AI)
Ltd.
Machine Vision & Imaging
Magazino GmbH
MALU Innovation
Material Handling System (MHS)
Matthews Automation Solutions (Matthews International)
MeanWhile
Milvus
MiR
Mitsubishi Logisnext Europe Oy (Rocla)
Mobile Industrial Robots - MiR (Teradyne)
MOV AI
MOVEL AI
Murata Machinery Ltd.
Naio Technologies
NeoBotix
NextShift Robotics
Nidec
Nord
NURO AI
OCEANEERING
Ohmni Labs
Omron (Adept Technology)
Omron Microscan
OPEX Corporation
Oppent
OTSAW
OTSAW Digital
OTTO Motors (Clearpath Robotics)
PAL Robotics
Parker
PERCEPTIN
Pilz
Postmates
PSB intralogistics GmbH
Pudu
Quicktron (Flashhold)
Revotonix
Revotonix L.L.C
Rice Robotics
River Systems - 6RS (Shopify)
Robby Technologies
ROBOMINDS
Robotnik
ROMB Technologies
Sarcos Robotics
Savioke
Savioke Inc.
SAVOYE
SBS
Scallog
Scout
Secom
SEEGRID
Segway Robotics
Sesto
SEW Eurodrive
Sherpa
SIASUN Robot Automation Co.
Simbe Robotics
SmartGuardUV
SMP Robotics
Softbank Robotics
SSI-Schaefer
STARSHIP
Swisslog (KUKA)
Syrius Robotics
System Logistics (Krones Group)
Techmetics Robotics
Tele Retail
Temi Robotics
TGW Logistics
Tompkins Robotics
Toshiba SCiB
Transbotics (Scott Group)
UVD Robotics
Vanderlande (Toyota Advanced Logistics)
Vecna Robotics
ViaStore Systems
Waypoint Robotics
Wellwit
Wellwit Robotics
Westfalia
Wiferion
Witron Logistik + Informatik
YouiBot

For more information about this report visit https://www.researchandmarkets.com/r/al2tie

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