Material Handling Robots Industry Research, Insights And Forecast To 2030

Material Handling Robots Industry | Forecast 2030

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.

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 Vehicle Market Insights

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 COVID - 19 outbreaks have created economic turmoil for almost every industry at the global level. Many organizations have suffered or are suffering losses due to a shortfall in productivity as governments across the world inflicted nationwide lockdown to control the epidemic's spread. The pandemic has resulted in a vast decline in profits and revenue for the manufacturing industry.

The tow vehicle segment dominated the market in 2021 and accounted for a revenue share of over 40%. The unit load carrier segment is expected to rise at the fastest CAGR of 12.4% over the forecast period. Unit load AGVs are used for delivering pallets, large containers, and roll handling. Also, it provides the ability to schedule the task efficiently by reducing aisle traffic and product damage.

The laser guidance segment dominated the market in 2021 and accounted for a revenue share of over 35%. The natural navigation segment is expected to expand at the fastest CAGR of 17.4% over the forecast period. The vision guidance segment is expected to witness healthy growth over the forecast period.

The logistics and warehousing segment dominated the market in 2021 and accounted for a revenue share of over 40%. The assembly segment is expected to witness the fastest CAGR of 13.1% over the forecast period. The logistics & warehousing segment has been further segmented into transportation, cold storage, wholesale & distribution, and cross-docking.

The manufacturing segment dominated the market in 2021 and accounted for a revenue share of over 75%. The manufacturing industry is further sub-segmented into aerospace & defense, automotive, electronics, pharmaceuticals, chemicals, plastics, FMCG, tissue, and others. Wholesale and distribution sector segment is expected to witness the fastest CAGR of 12.2% over the forecast period.

The hardware segment dominated the market in 2021 and accounted for a revenue share of over 70%. The growth can be attributed to the increasingly deployed collaborative robots for reduced human labor and repetitive tasks in manufacturing or distribution facilities. For instance, in June 2021, Amazon.com, Inc. designed new autonomous mobile robots, including Scooter, Ernie, Bert, and Kermit, to reduce human labor tasks and warehouse injuries.

The lead battery segment dominated the market in 2021 and accounted for a revenue share of over 60%. These batteries have low-cost advantages over other battery types. Besides, it offers good reversibility, stable voltage, and long service life, and is suitable for a wide range of applications. The lithium-ion battery segment is expected to witness the fastest CAGR of 15.8% over the forecast period.

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 Insights

The global autonomous mobile robots market size was valued at USD 2.97 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2030. 

The hardware segment led the autonomous mobile robots (AMR) market in 2022, accounting for over 65% share of the global revenue. The hardware segment covers the parts used to build the AMRs, comprising controllers, wheels, encoders, brakes, motors, batteries, actuators, sensors, and power systems.

The goods-to-person picking robots segment led the market and accounted for more than 48% share of the global revenue in 2022. The high share can be attributed to the continued deployment of autonomous robots to eliminate paper-based and manual picking systems. Goods-to-person picking robots can be programmed to carry carts and navigate flexible routes to move goods between workers and stations.

The lead battery segment dominated the market and accounted for more than 50% share of the global revenue in 2022. The high share can be attributed to lead batteries' low-cost advantages over other battery types. Lead batteries also ensure stable voltage, good reversibility, and long service life and are well-suited for a broad range of industrial applications.

The manufacturing segment led the market in 2022, accounting for over 75% share of the global revenue. The high share can be attributed to the continued process automation in the manufacturing industry worldwide. The segment has been further segmented into automotive, aerospace, electronics, chemical, pharmaceuticals, plastics, defense, FMCG, and others.

Collaborative Robots Market Insights

The global collaborative robots market size was valued at USD 1.23 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 32.0%, from 2023 to 2030.

The gluing & welding segment is expected to witness the highest CAGR over the forecast period, which can be attributed to various benefits offered by cobots such as reduced waste, increased consistency, quality, and output product gaining attention from marketers. The assembly application segment captured a sizeable revenue share of around 23.0% across the collaborative robots market in 2022, owing to the increased usage of cobots for combining easy and repetitive tasks and supporting complex assembly processes.

The up to 5kg payload capacity segment held a revenue share of more than 44% in 2022 and is anticipated to show remarkable growth in the future owing to its wide range of attributes. They are light in weight and offer flexibility while optimizing low-weight collaborative processes such as picking, placing, and testing. The launch of advanced cobots in this payload capacity range is opening new growth opportunities for the market.

The automotive segment accounted for a revenue share of more than 24% in 2022 and is expected to grow substantially over the forecast period. The growth can be largely attributed to the increased adoption of collaborative robots owing to their ability to reduce floor space and the cost of production downtime. In addition to this, they find important usage in spot and arc welding, assembling parts, painting, coating, etc.

Material Handling Robots Market – Global Industry Segmentation

Automated Guided Vehicles Industry, By Vehicle Type

• Tow Vehicle
• Unit Load Carrier
• Pallet Truck
• Forklift Truck
• Hybrid Vehicles
• Others

Automated Guided Vehicles Industry, By Navigation Technology

• Laser Guidance
• Magnetic Guidance
• Vision Guidance
• Inductive Guidance
• Natural Navigation
• Others

Automated Guided Vehicles Industry, By Application

• Logistics and Warehousing
• Transportation
• Cold Storage
• Wholesale & Distribution
• Cross-docking
• Assembly
• Packaging
• Trailer Loading and Unloading
• Raw Material Handling
• Others

Automated Guided Vehicles Industry, By End-use Industry

• Manufacturing Sector
• Automotive
• Aerospace
• Electronics
• Chemical
• Pharmaceuticals
• Plastics
• Defense
• FMCG
• Tissue
• Others
• Wholesale and Distribution Sector
• E-commerce
• Retail Chains/Conveyance Stores
• Grocery Stores
• Hotels and Restaurants

Automated Guided Vehicles Industry, By Component

• Hardware
• Software
• Service

Automated Guided Vehicles Industry, By Battery Type

• Lead Battery
• Lithium-Ion Battery
• Nickel-based Battery
• Others

Autonomous Mobile Robot Industry, By Component

• Hardware
• Software
• Services

Autonomous Mobile Robot Industry, By Type

• Goods-to-Person Picking Robots
• Self-Driving Forklifts
• Autonomous Inventory Robots
• Unmanned Aerial Vehicles

Autonomous Mobile Robot Industry, By Battery Type

• Lead Battery
• Lithium-Ion Battery
• Nickel-based Battery
• Others

Autonomous Mobile Robot Industry, By End-use

• Manufacturing
• Automotive
• Aerospace
• Electronics
• Chemical
• Pharmaceuticals
• Plastics
• Defense
• FMCG
• Others
• Wholesale & Distribution
• E-commerce
• Retail Chains/Conveyance Stores
• Others

Collaborative Robots Industry, By Payload Capacity

• Up to 5kg
• Up to 10kg
• Above 10kg

Collaborative Robots Industry, By Application

• Assembly
• Pick & Place
• Handling
• Packaging
• Quality Testing
• Machine Tending
• Gluing & Welding
• Others

Collaborative Robots Industry, By Vertical

• Automotive
• Food & Beverage
• Furniture & Equipment
• Plastic & Polymers
• Metal & Machinery
• Electronics
• Pharma
• Others

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

Material Handling Robots Industry Data Book Regional Outlook

• North America
• S.
• Canada
• Mexico
• Europe
• K.
• Germany
• France
• Asia Pacific
• China
• Japan
• India
• South & Central America
• Brazil
• Middle East & Africa (MEA)

Material Handling Robots Industry Data Book Competitive Landscape

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.

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.

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

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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.