Found in Robotics News & Content, with a score of 11.33
…according to Ash Sharma, managing director with analyst firm Interact Analysis. That may sound like quite a few, but with more than 1 million lift trucks of all types shipped last year, it amounted to 0.3% of the market. However, with a sharp increase in e-commerce in this pandemic year and added pressure on warehouses and other industrial sites to improve on cost efficiencies and order cycle times, Interact Analysis predicts robust growth for robotic lift trucks, which it sees as inclusive of vehicles based on automatic guided vehicle (AGV) technology or those that use autonomous navigation. Through 2028, Interact…
Found in Robotics News & Content, with a score of 29.58
Market intelligence firm Interact Analysis has published a new market report forecasting the warehouse automation market will grow at a CAGR of 12.6% over the next five years. However, the firm also predicts a temporary dip in revenue growth between 2020 and 2021. The research outlines how, with the growing trade tensions between the US and China, coupled with slowing demand in Europe, the global economy is looking increasingly vulnerable and many businesses are delaying capital expenditure. This is reflected in warehouse automation vendors reporting a sharp drop in their order intake. The report reveals how, during the past few…
Found in Robotics News & Content, with a score of 9.81
…and/or opportunity, up from 61% last year. Analyst firm Interact Analysis forecasts the market for autonomous mobile robots (AMR) and smart automatic guided vehicles (AGV) for logistics will grow from $300 million in 2017 to $3 billion by 2022, or roughly a 10-fold increase. “We are seeing true exponential growth now,” says Ash Sharma, a research director for Interact Analysis. “While numerous companies have been doing pilot projects for the last two years in warehousing or manufacturing facilities, now they are looking to expand their use of robotics. They are automating more processes, rolling out robots to more sites, or…