According to the latest market research by LogisticsIQ(5th Edition), the Mobile Robots (AGV and AMR) Market is expected to reach ~$22 billion by 2030 with a growth rate of ~18% and ~30% for AGV and AMR respectively. We expect the installed base of AGVs and AMRs to cross 3 million units in 2030.
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Highlights ofAGV (Automated Guided Vehicles) and AMR (Autonomous Mobile Robots) Market
— Market Performance: Due to economic uncertainties, including capex cuts, inflation, supply chain disruptions, and geopolitical factors, the market witnessed slower growth than expected in 2023 and 2024. However, mobile robot sales are projected to exceed $6 billion in 2024.
— Future Growth: Over 700,000 mobile robots (AGVs and AMRs) are expected to be shipped by 2030, reaching an installed base of 3 million globally.
— AMR Market Surge: AMRs are anticipated to grow at a CAGR of over 30% between 2024 and 2030, surpassing AGVs in market share and shipments by 2030.
— Leading Markets: The United States, Germany, and China will dominate the market, with a combined annual demand of over 350,000 mobile robots by 2030.
Applications and Technology
— Goods-to-Person (G2P) and Person-to-Goods (P2G) AMRs: Both systems are growing in popularity, each with distinct advantages based on warehouse needs. Locus Robotics, a leading P2G vendor, reached 3 billion total picks across global deployments in April 2024.
— Emerging Robot Categories: Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots will play a vital role in fulfillment centers by 2030. RightHand Robotics recently signed a multi-year deal with Staples Inc. to deploy its RightPick™ system to enhance next-day delivery operations across 98% of the U.S.
— China’s Role: We expect China to become a hub for Autonomous Mobile Robots (AMRs), benefiting from labor cost advantages and high domestic consumption. Geekplus, a key player in the Chinese market, has successfully deployed over 170 tote-based AMR systems globally.
— Advanced Navigation: After QR code technology, LiDAR, Vision Cameras, and Sensor Fusions are becoming essential for enhanced accuracy and safety in navigation. Sensor Fusion AMRs are projected to grow by 70%. Specialized Autonomy Service Providers are collaborating with mobile robot manufacturers to develop these technologies using AI and Machine Vision.
Emerging Applications
— Delivery, Security, and Cleaning are the emerging applications to target with an attractive growth of~30% apart from logistics and manufacturing although absolute market size is relatively low.
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Top Factors & Challenges in the AGV and AMR Market
— Industry 4.0 and Automation: Automation is the key focus in manufacturing and logistics sector as a part of Industry 4.0 and Supply Chain 4.0 initiatives for continuous growth and sustainability. Robotics is an important aspect of this automation and may contribute more than 20% in Warehouse Automation Market opportunity worth more than $55B
— E-commerce growth: Growth in e-commerce is the main driver for AGV/AMR demand in warehouse automation. Global e-Commerce sales have grown at a CAGR of 20% over the last decade, reaching more than $5 trillion worldwide in 2024, and expected to grow to ~$9 trillion by 2030. The share of online retail sales has gone from 2% of total to ~15%, and is further expected to reach ~25% by 2030.
— Rising Personnel Costs: High personnel costs and wage rates are especially high in the developed countries. Annual costs for a forklift operator can run up to $50,000, with round the clock operations driving up costs to over $200,000.
— AI and Deep Learning: Artificial Intelligence and Deep learning transforming warehouse operations and services. In 2023, SoftBank announced $100M investment to set up an artificial intelligence-oriented warehousing joint venture with Symbotic called GreenBox Systems. As per the announcement, SoftBank will also buy $7.5 billion of Symbotic’s AI-powered systems for its warehouses.
— RaaS and Leasing Options: Robots-as-a-Service (RaaS) models are becoming popular, reducing upfront costs. Flexible payment options such as “Pay Per Pick”, “Pay Per Mile”, “Pay Per Peak Day” allow warehouse operators to balance OpEx and Capex.
— Safety Challenges: While AGVs and AMRs are designed to operate safely around humans, safety requirements differ across industries. Ensuring compliance with safety standards is critical, particularly for service robots operating in public spaces such as malls, grocery stores, and hospitals.
— Cloud-Based Autonomy: Advanced AI-based autonomy platforms are migrating to the cloud for remote monitoring and scalability. For example, Continental Mobile Robots has collaborated with AWS to develop a cloud-based autonomy stack, offering features such as remote debugging and streamlined deployment processes.
Key Players Analysed
— AGV & AMR: 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, Onward Robotics (IAM Robotics), Locus Robotics, Vecna Robotics, Waypoint Robotics (Locus Robotics), Tompkins Robotics, Scallog, OTTO Motors (Clearpath Robotics, Rockwell Automation), GIDEON Brothers, Magazino GmbH (Jungheinrich), 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, JBT Corporation, Transbotics (Scott Group), CSG Huaxiao, EK-Robotics (EK Automation), OCEANEERING, Wellwit Robotics, Logistic-Jet, SEEGRID, BALYO, Mushiny, TÜNKERS Maschinenbau GmbH, CPM – Dürr Group, SEER, FlexQube, IDEALworks GmbH, Continental Mobile Robots, SEER, DS Automotion (SS Schaefer)
— System Integrators (SI): Daifuku, Dematic (KION Group), SSI-Schaefer, Vanderlande (Toyota Advanced Logistics), Swisslog (KUKA), Knapp, Murata Machinery Ltd., Elettric 80, Beumer Group, Witron Logistik + Informatik, TGW Logistics, Grenzebach GmbH, FIVES Group, Honeywell Intelligrated, Bastian Solutions (Toyota Advanced Logistics), Material Handling System (MHS), Jungheinrich AG, LODIGE Industries, ViaStore Systems, Interlake Mecalux, Kardex, AutoStore, DMW&H, Westfalia, Dambach AG, PSB intralogistics GmbH, SIASUN Robot Automation Co., Ltd., SAVOYE, OPEX Corporation, System Logistics (Krones Group), GÜDEL, Addverb Technologies, Lodamaster Group, KPI Integrated Solutions, Wayzim Technology
— Autonomy Service Providers (ASP): Brain Corporation, Bluebotics, KOLLMORGEN, Autonomous Solutions, Inc. (ASI), MOVEL AI, MOV AI, FREEDOM ROBOTICS, ROBOMINDS, PERCEPTIN, ROMB Technologies, Balyo, Seegrid, Vecna Robotics
— Machine Vision & Imaging: Basler AG, Keyence, Omron Microscan, Cognex
— Disinfection Robots: UVD Robotics, Sarcos Robotics, Techmetics Robotics, Wellwit, Geek+, Fybots, Sherpa, Akara, MiR, Sesto, LionsBot, SmartGuardUV, Milvus, Revotonix, YouiBot
— Retail & Inventory Management Robots: Bossa Nova Robotics, Simbe Robotics, Badger Technologies, Lowe’s – LoweBot (Powered by Fellow AI), Fetch Robotics, Brain Corporation
— Indoor Delivery Robots: Bear Robotics, Keenon Robotics, Savioke Inc., Rice Robotics, Pudu, PAL Robotics, Keenon, Savioke, Segway Robotics, Anscer, Aethon
— Security and Inspection Robots: Cobalt Robotics, Knightscope Robotics, OTSAW Digital, SMP Robotics, Enova, Secom, AgileX
— Tele-operated / Telepresence Robots: Diligent Robotics, Ohmni Labs, AVA Robotics, GoBe Robotics, Double Robotics, Temi Robotics
— Cleaning Robots: Softbank Robotics, Avidbots, Gaussian Robotics, LionsBot
— Hospital Support Robots: Revotonix L.L.C, Jetbrain, Aethon, MiR, MeanWhile, Keenon, Savioke, ABB, Diligent
— Agriculture Robots: Bogaerts, Harvest Automation, AIS, Katif, Naio Technologies, Robotnik
— Delivery Robots (Last Mile Delivery Robots): STARSHIP, NURO AI, Tele Retail, Kiwibot, Robby Technologies, Postmates, Eliport, Hello World Robotics, OTSAW, JD.com, Scout
— Battery & Chargers: LG Chem (LG Energy Solutions), Crown Equipment Corporation, East Penn Manufacturing, EnerSys, SBS, iN2Power, Wiferion, Inventus Power, Toshiba SCiB, Conductix-Wampfler
— Motion Control & Robotic Components: Advance Motion Control, Kollmorgen, Energid (Teradyne), Harmonic Drive System, Parker, Elmo Motion, CGI, Brother, Nidec, Allied Motion, SEW Eurodrive, Pilz, Nord, Murrelektronik
Know more aboutAGV and AMR Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
— 500 Pages and 160+ Exhibits Market Report
— Revenue and Shipment data segmented:
— By form factor (Deck-load, Tugger/Pull, Forklift)
— By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)
— By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)
— By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)
— Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030
— A bottom-up analysis of AGV AMR market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regions
— In-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.
— Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of AGV/AMR like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.
— 2 Analyst Sessions to brainstorm further
— Investment details excel file with 175+M&A and ~1000 funding deals
— LogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)
About LogisticsIQ
LogisticsIQis a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
Media ContactName: Sunny M.Email: sunny@thelogisticsiq.comPhone: +91-952-918-4938
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