• New findings from Interact Analysis show widespread adoption of autonomous mobile robots is approaching • 'Amazon Effect' triggering huge growth in fulfilment automation market • More than 500,000 systems to be installed in the next five years
London, UK, September 19 - Market intelligence firm Interact Analysis has conducted new research showing huge potential growth in the importance of autonomous mobile robots (AMRs), specifically in order fulfilment applications.
The research shows how the acquisition of Kiva Systems by Amazon, and its subsequent dominance of online retailing through heavy adoption of robotics and automation, has triggered two significant trends in the industry. First, it led to the emergence of dozens of robotics start-ups to fill the vacuum that Kiva left behind. Second, it has forced retailers and logistics companies to adopt automation to keep pace with Amazon.
Consequently, Interact Analysis believes a tipping point is approaching over autonomous mobile robots (AMRs) used to support order fulfilment. The findings show that, excluding Amazon, more than 100,000 AMRs will have been deployed for order fulfilment by the end of 2020, and that more than 580,000 will be installed over the next five years.
Although fewer than 300 sites had order fulfilment AMRs deployed at the end of last year, explosive growth is predicted due to the ‘perfect storm' of a number of key drivers. The report highlights the 'Amazon Effect', whereby e-commerce companies are being forced to increase speed and flexibility of operation in order to keep up.
Record low unemployment rates, coupled with the on-going shift of younger generations away from manual labor, have also created a major shortage of warehouse workers, increasing demand for automated systems. The speed with which the technology has matured and moved beyond the early adopter stage has made deployment an increasingly attractive option.
Ash Sharma, research director at Interact Analysis, says: "With Amazon deploying Kiva's goods-to-person approach for order fulfilment, it's easy to see why others like GreyOrange, Geek+ and Quicktron have followed in its footsteps, and arguably have seen greatest success so far.
"Despite this, AMR vendors have emerged with a variety of different approaches and sub-approaches. The question over which technology or approach will ‘win' is not an easy one to answer. All approaches are forecast for strong growth (albeit at different paces and timeframes), and the approach preferred will depend on a number of variables.
"While in every industry there are always winners and losers, right now it appears that the size of the untapped opportunity and the underlying drivers of demand are more than strong enough to support all the vendor types we see today, and as a result we expect very promising growth for the majority."
About the mobile robots report
The mobile robot market is set for a major transformation over the next decade as autonomous platforms (AMRs) get widely adopted in warehouses and logistics centers following years of pilots stages. The industry is now growing rapidly as the technology hits the mainstream driven by an acute labor shortage and ecommerce boom coupled with increasing customer demands for faster and cheaper delivery and high return rates.
At the same time, automation and robotics continues to proliferate in manufacturing environments, amidst a backdrop of Industry 4.0 and consumer changes, leading to faster and shorter design cycles and a strong need for manufacturing flexibility.
• The 2018 edition of this report was the first bottom-up analysis of the mobile robot market. In this 2019 edition, two experienced research directors spent 4-5 months researching and analyzing the industry, using primary research to build an updated assessment of the industry.
• The report uses well-modelled forecasts to 2023 with clear and transparent assumptions for all market segments.
• It includes detailed discussions of the key issues/trends impacting the mobile robot market, based on 40+ hours of primary interviews with key industry stakeholders.
• An in-depth analysis of the supplier landscape is included to help you understand your competitors, suppliers and potential partners more accurately.
To learn more, visit: https://www.interactanalysis.com/the-mobile-robot-market-2019/
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