Material Handling Robots Industry 2030

Automated Guided Vehicles, Autonomous Mobile Robot, Collaborative Robots Market

Material Handling Robots Industry Data Book | Forecast 2030

Material Handling Robots Industry Data Book – Automated Guided Vehicles, Autonomous Mobile Robot, Collaborative Robots Market

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

Autonomous Mobile Robots Market Report Highlights

• 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 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

Automated Guided Vehicle Market Report Highlights

• 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

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.