Author: Tronserve admin
Thursday 29th July 2021 11:29 AM
Mobile robot revenues set to grow by 24% in 2020 despite COVID-19 pandemic – Interact Analysis
London, UK, 23rd September 2020 – Interact Analysis has produced a new report on the mobile robot market, forecasting that revenues will grow by nearly a quarter in 2020, despite the chaos being felt around the world due to the COVID-19 pandemic. Revenues are set to reach $2.4bn this year and will surge by a further 50% in 2021 as the impact of the pandemic leads to greater demand for mobile automation.
Sales of automated guided vehicles (AGVs), which perform material handling tasks automatically without human intervention, but are limited to navigation using physical infrastructure, will lag behind sales of the more advanced autonomous mobile robots (AMRs), which can navigate without the need for external markers or infrastructure. Despite the pandemic leading to delays in the orders in the first half of 2020, Interact Analysis predicts revenue growth this year of 11% for AGVs, and 45% for AMRs, an average of 24% growth across the whole sector. Healthy figures, though the pre-pandemic 2020 growth forecast for the sector was 60%. But COVID-19 will be a game-changer for the sector in the next few years, with sales spiralling in the run up to 2024.
About the mobile robot report
Interact Analysis uses a rigorous methodology to produce as accurate a market report as possible. For this report, more than 40 hours of interviews with 60 key industry personnel at leading mobile robot companies and purchasers of robots were conducted by analysts based in Europe, the USA and China. A bottom-up data-model allowed accurate estimates for companies, regions and applications and enabled market-size to be estimated at a granular level. A top-down data model was also created, including factors such as the uptake of fixed automation equipment, economic outlook, labour rates and labour availability, e-commerce/warehousing growth, GDP, and manufacturing output. To learn more, visit: https://www.interactanalysis.com/download/the-mobile-robot-market-2020-project/
About Interact Analysis
Interact Analysis is an international provider of market research for the Intelligent Automation sector. Our team of experienced industry analysts delivers research into three core sectors: industrial automation, robotics and warehouse automation, and commercial vehicles. Intelligent Automation – which is the integration of artificial intelligence and automation – will change virtually every industry imaginable. This combination enables greater efficiencies, productivity, convenience, and scale. It has the potential to drastically alter the outlook for many traditional industries such as manufacturing, healthcare and automotive as well as to lead to the emergence of entirely new industries. To learn more, visit www.InteractAnalysis.com
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