Mobile robot market worth 7,4 mld. USD by 2027

The exponential growth that the market for mobile robots will enjoy is primarily due to the demand for order fulfillment robots.

New research shows the market for mobile robot components is expected to enjoy rapid growth out to 2027, reaching a value of 7.4 mld. USD with a CAGR of 44.8% over the next five years.  Shelf-to-Person (S2P) robots dominate revenues due to Amazon’s strong influence on the market. In the future, the dominance of S2P will continue as other logistics firms, such as Alibaba, mimic Amazon’s strategy.

While China will become a strong growth contender for mobile robot componentry, the US currently dominates the market because of a huge captive market created by the in-house production of Amazon’s AMR/AGV fleet. By 2027, China will account for over 40% of the components market in units, but the US will still dominate revenues. The shift towards Chinese robots and components drives global price erosion for the market, particularly for navigation systems.

Are you interested in new trends and robotics? Finding the right business partner is easier said than done. You are in a winning position if you can find an experienced partner who’s already built robotic systems. Central European Automation Holding plans, builds, and maintains your automated system with international strength and local specialists.

SHARE THIS

More articles...

Cyber threats on the rise

Cybercriminals are targeting both IT and physical supply chains, launching mass cyberattacks, and devising new ways to extort money from businesses.

IoT starts with the basics

Thanks to the development of several complementary technologies, the Internet of Things is on an ever-accelerating growth path.

The Growing Investment in Battery Production

The battery production sector is booming, and Central and Eastern Europe are joining the game. While factories arrive fully equipped from Asia, this marks the beginning of a transformative journey.