We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Report: mobile robot revenue to reach $7 billion by 2022
Forward Thinking

Report: mobile robot revenue to reach $7 billion by 2022

May 22, 2018
Supply Chain Quarterly Staff
No Comments

Worldwide mobile robot hardware revenues will surge from $1.1 billion in 2017 to more than $7 billion in 2022, propelled by the growing e-commerce sector, mass personalization of goods, and a shortage of low-cost labor, according to a British research report.

The forecast includes sales and leasing revenues of automated guided vehicles (AGVs) and autonomous mobile robots (AMRs), according to the report from the market research firm Interact Analysis. Sales of related software products will add another $3 billion to that total, the firm said.

While AGVs have been around for decades, demand for them and the newer AMR category has "exploded" in recent years, Ash Sharma, research director at Interact Analysis, said in the report, "The Mobile Robot Market in 2022-Our Predictions."

Much of that strong growth has come from the logistics sector, which is the fastest-growing vertical market for mobile robots, the report found. Hardware revenue in the logistics sector alone will account for $3 billion of the 2022 total forecast, as e-commerce and omnichannel retailers turn to automation in their effort to catch up with the delivery capabilities of Amazon.com Inc., Interact Analysis said.

One category of expected strong demand is mobile robots with mounted arms, a sector which has seen very few shipments to date, but "could be used to revolutionize warehouse picking and material handling" with fast growth from 2020 onwards, the firm said.

The manufacturing sector has also generated strong revenue for robots in recent years, led by the automotive industry. However, that sector is now forecast to grow nearly 75 percent in 2018, surpassing $3 billion in 2022. Growth will be fueled by companies pushing automation beyond the production lines in an effort to reduce manual material handling, the firm said.

Technology
  • Related Articles

    Global AS/RS market to reach $4.6 billion by 2027

    Autonomous vehicle market to reach $50 billion by 2040

    Worldwide spending on robotics to reach more than $135 billion in three years

Recent Articles by Supply Chain Quarterly Staff

Energy price swings pressure businesses to change their spending priorities

Maersk’s VC arm backs inventory drone startup Verity with $32 million

Survey: most Americans unaware that truckers face shortage of parking spaces

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Postal Service plans to seize items mailed with fake stamps

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Inflation drops again as interest rate hikes hit home, NRF says

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing