The Future Unfolds: Material Handling Robots Industry 2023-2030 Report
Material
Handling Robots Industry | Forecast 2030
Material Handling Robots Industry Data Book - Automated
Guided Vehicles, Autonomous Mobile Robot, Collaborative Robots Market
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. The combination bundle is designed to provide a holistic view of these
highly dynamic market spaces.
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Markets Covered |
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Material Handling
Robots Industry USD 7.34 billion in 2021 17.4% CAGR (2022 - 2030) |
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Automated Guided
Vehicles (AGV) Market Size USD 3.81 billion in 2021 10.2% CAGR (2022 - 2030) |
Autonomous Mobile Robot
(AMR) Market Size USD 2.52 billion in 2021 16.8% CAGR (2022 - 2030) |
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Collaborative Robots
(cobots) Market Size USD 1.01 billion in 2021 31.5% CAGR (2022 - 2030) |
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Material Handling Robots Industry Data Book Coverage Snapshot
Access
the Global Material Handling Robots Industry Data Book, 2022 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
Vehicle Market Growth & Trends
The global automated guided vehicle market size is
anticipated to reach USD 9.18 billion by 2030, registering a CAGR of 9.7% from
2023 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.
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Autonomous Mobile Robot, Collaborative Robots Market Size, Share, Trends
Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand
View Research
Autonomous Mobile
Robots 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 15.5%
from 2023 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.
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
Collaborative Robots
Market Growth & Trends
The global collaborative robots market size is anticipated
to reach USD 11.04 billion by 2030, exhibiting a CAGR of 32.0% over the
forecast period, according to a new report published by Grand View Research,
Inc. The growth can be credited to the growing inclination of industries toward
collaborative robots or cobots to automate manufacturing processes.
Over the past few years, the growing interest in robot
technology across various industries has positively impacted the collaborative
robots industry. Unlike conventional industrial robots, cobots are developed to
operate at par with their human counterparts. They are mobile and can be easily
moved from one area of a manufacturing facility to another. Moreover, they can
be programmed with ease, are more cost-effective than their fixed counterparts,
and can be used in a wide range of low-speed, repetitive applications.
The increasing need for highly efficient and user-friendly
robots that do not require highly skilled experts for deployment and
functioning has created a significant demand for software platforms. These
platforms allow the integration of robots, motion control, and the generation
of an interface that enables the programming of such robots. For instance,
Mitsubishi Electric Corporation has launched a cobot named MELFA ASSISTA
equipped with RT VisualBox, the company’s engineering software. This software
allows the intuitive creation of operating sequences by connecting block
diagrams in a chain of events, including linking with other devices, such as
cameras and the hands of the robot.
Competitive Insights
The key market players in the Material Handling Equipment
markets, such as ABB, Bleum, Clearpath Robotics, GreyOrange, Inc., Harvest
Automation, inVia Robotics, Boston Dynamics, IAM Robotics, Inc., KUKA AG, and
Teradyne Inc., 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.
This section in the final deliverables also highlights
various strategic initiatives taken by the key companies in the recent past
that strongly impact this market space. The market has witnessed several new
product launches in recent years. For instance, In May 2022, ABB launched
material-handling robots for electric vehicle battery production. With its
improved speed, precision, and robust construction, the robot can increase
productivity and performance with higher uptime. In October 2022, Vecna
Robotics announced hardware upgrades and a significant software release for the
AFL-class autonomous forklift it provides. By optimizing material transport
between other machinery and equipment on warehouse and factory floors, the new
capabilities expand the company's reach.
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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.
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