Ash has spent close to 20 years in technology research on several sectors, including industrial automation and smart manufacturing, smart home, solar power and energy storage, drones and robotics, medical technology and building automation. Ash is Senior Research Director for our robotics & warehouse automation research, amongst other topics.
AGV and AMR revenues grew by 22.2 percent in the first half of 2018 compared to same period in 2017 according to our recently released Mobile Robot Market Tracker. Global revenues for both AGVs and AMRs combined reached $656m in the first half of 2018.
AMRs Outpace AGVs
Despite seeing a long-term growth trend, AGV demand dipped in the first half of 2018. Q1’18 was a particularly weak quarter for AGVs, dragging down performance overall for the first half of the year with revenues basically flat compared to 1H 2017. A large part of demand for AGVs is project-based and hence suppliers see considerable fluctuations between quarters occurs due to the “lumpy” nature of the market.
Conversely, AMR demand remained robust in the first six months of 2018. Revenues grew by more than 90 percent in the first half of 2018 to nearly $250m, whilst shipments more than doubled.
Americas Demand Sluggish; APAC Stellar
Considerable variations in growth were seen by region in the first half of 2018. Compared to 1H’17, the Americas region contracted in the first half of this year, though grew versus the last six months of 2017. The EMEA and APAC regions however showed tremendous growth, expanding by 22 percent and 12 percent respectively. APAC saw very high demand for smaller, lower-cost AGVs and AMRs in the first half of 2018, whilst EMEA saw much greater demand for larger, higher payload robots.
Deck-Load Robots Drive Forward
Most of the additional revenue growth achieved in 1H’18 came from deck-load AGVs and AMRs. These products accounted for more than half of the market and grew by a staggering 55 percent in 1H’18. Tugger/pull type mobile robots also performed strongly, growing at a double-digit pace, yet account for a relatively small part of the industry. Forklift type AGVs/AMRs are typically much more expensive than other mobile robots and orders are more sporadic in nature. Revenues from these products dipped in the first two half of this year by roughly 7 percent.
Regular, quarterly analysis of how mobile robot revenues and shipments are changing is available in the Interact Analysis Mobile Robot Market Tracker; whilst detailed, annual analysis and forecasts for the industry can be found in our Mobile Robot Market Report.
For more information please contact Ash.Sharma@interactanalysis.com